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The Panda Family

The Panda Family

Baijayant “Jay” Panda, his wife Jagi Mangat Panda and his brother, Subhrakant Panda own more than 96% share in Odisha Television Limited, the company that broadcasts Odisha TV – a news television channel along with a few other channels.

Jay and Jagi Panda are considered the power couple in Odisha. The husband is a founder-member of Biju Janata Dal, the splinter group of the erstwhile Janata Dal, founded by the current Chief Minister, Naveen Patnaik. Patnaik and Panda, were once family friends. However, the two drifted apart soon after Patnaik returned as the Chief Minister of the state of Odisha. Patnaik questioned Panda’s industrial interests, and acted on allegations that Panda was spreading about Patnaik’s health and well-being, clearly to weaken him and compromise his position. Also, Panda, leveraging his position as the owner of Odisha’s largest news television channel OTV, was easily seen as cozying up to the Bharatiya Janata Party (BJP). Jay Panda was soon marginalized within the party and eventually quit the party in May 2018. Nine months later, he joined the Bharatiya Janata Party (BJP), where he is the National Vice President and a spokesperson of the party. Jagi Mangat Panda is the Co-Founder and Managing Director of Ortel Communications Limited, a major player in cable television and high-speed broadband service provider space. In addition, she has varied business interests in broadcasting, telecom, environment, investments, among others. In 2008 Jagi Mangat Panda was given the Young Global Leader award at the World Economic Forum in 2008.

Subhrakant Panda, brother of Jay Panda, and owner of shares in Odisha Television Limited, has a Bachelor of Science degree in Business Administration from Boston University Questrom School of Business. He is the CEO and Managing Director of Indian Metal & Ferro Alloys Limited (IMFA). In addition, he served as a Non-Executive Director of Ortel Communications Limited. On top of being a member of the National Executive Committee of Federation of Indian Chambers of Commerce & Industry (FICCI) he also is Co-Chair of the Corporate Finance Committee besides being the Chairman of the FICCI Odisha State Council.

Media Companies / Groups
Media Outlets
Facts

Business

Cable Television

Orissa Telefilms Private Limited

Telecom

Ortel Communications Private Limited

Investments

Panda Investments Private Limited

Power

Utkal Power Limited

Real Estate

Utkal Real Estate Private Limited

Chemicals

Indian Metals and Carbides Limited

Coal

Orissa Coal and Services Private Limited

Broadcasting

Tarang Broadcasting Company Limited

Family & Friends

Affiliated Interests Family Members Friends

Naveen Patnaik

Now estranged, family friend of Jay Panda. Naveen Patnaik is the Chief Minister of the state of Odisha. A former ally of the Bharatiya Janata Party, he snapped ties with the party in 2009. He is facing elections to his state in the Assembly elections 2019

Further Information

Data Publicly Available

ownership data is easily available from other sources, e. g. public registries etc.

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Meta Data

The Odisha Television Limited company is an unlisted company and does not publish annual reports. The information of outlet financials is not available and there is very limited information about the management structure. The company’s financial information is retrieved from the company’s annual filing in the Ministry of Corporate Affairs. The company was written to, by email on the 3rd April 2019 and by courier on the 10th April 2019, seeking clarification of data collected about the channel and the Company. The Company has not responded so far.

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