Vineet Jain

Vineet Jain
Born 1967/1968 (age 50–51)[1]
New Delhi, India
Nationality Indian
Citizenship Indian
Occupation MD of
The Times Group
Parent(s) Indu Jain
Ashok Kumar Jain
Relatives Sahu Ramesh Chandra Jain
Sahu Shanti Prasad Jain
Samir Jain

Vineet Jain belongs to the Sahu Jain family and is the current Managing director of India's largest media group, Bennett, Coleman & Co. Ltd., for advertising in newspaper for the parent company of The Times of India and other large newspapers.[2] India Today magazine ranked him #23th in India's 50 Most powerful people of 2017 list.[1]

Career

Vineet Jain joined BCCL in the year 1986. He finished his education in Switzerland. All Times of India Group marketing, advertising and promotional material is sent to him for his brand orientation. Crosses circulation of 100,000 copies for the first time in its publishing history. The Times School of Marketing is established in 1990 as an in-house training school to also cater to the Times Group's need for young interns and personnel. He is the current managing director of the Times Group.[3]

Awards

The Bombay Management Association conferred the Entrepreneur of the Year Award (2013) on Vineet Jain, MD, Times Group, for his role in transforming the group into India's largest and most respected media conglomerate and a powerhouse in radio, television and the digital medium, besides building successful new brands in the print space.[4]

Controversy

In 2012, Vineet Jain himself formally owned up to the idea when he told Ken Auletta in the New Yorker: “We are not in the newspaper business, we are in the advertising business.”[5]

The 2018 sting operation by Cobrapost, named Operation 136 Part 2, exposed Jain’s willingness to accept black money from the “client” via a circuitous route that he and his top executive offer to set up. The secretly recorded conversations raise disturbing questions about the extent to which the company is willing to muddy the line between editorial and advertising.[6]

References

  1. 1 2 "India's 50 powerful people". India Today. April 14, 2017.
  2. ↑ "Meet Vineet Jain, Times Group co-owner and enthusiastic movie critic".
  3. ↑ Auletta, Ken (8 October 2012). "Citizens Jain: Why India's newspaper industry is thriving?" (PDF). New Yorker. Retrieved 3 July 2018.
  4. ↑ "Times Group MD Vineet Jain is Entrepreneur of the Year – The Times of India". The Times of India.
  5. ↑ https://www.newyorker.com/magazine/2012/10/08/citizens-jain
  6. ↑ https://thewire.in/media/times-group-vineet-jain-sting-operation-cobrapost

Further reading

  • Auletta, Ken: “Citizens Jain – Why India's Newspaper Industry is Thriving“. The New Yorker, 8 October 2012, Pages 52 to 61.


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