Sahu Shanti Prasad Jain

Last updated

Sahu Shanti Prasad Jain
Born22 May 1911
Najibabad
Died27 October 1977(1977-10-27) (aged 66)
Occupation(s) Industrialist and Philanthropist
Years active1944–1977
SpouseRamaRani Jain
Children Ashok Kumar Jain
Alok Jain
Manoj Jain
Alka Jain
Family Shreyans Prasad Jain
Sahu Ramesh Chandra Jain

Sahu Shanti Prasad Jain was an Indian industrialist and philanthropist. He was the son-in-law of Ramkrishna Dalmia and former chairman of Bennett, Coleman. His family, Sahu Jains, owns the Times of India newspaper group.

Contents

Early age and education

He was born in the Sahu Jain Family at Najibabad in what is now Uttar Pradesh on 22 May 1911.[ citation needed ]

Career

He founded Bharatiya Jnanpith on 18 February 1944 at the suggestion of many scholars who had gathered at Varanasi for the All India Oriental Conference. Since 1965 Bharatiya Jnanpith has been awarding an annual literary award, the Jnanpith Award, for the best creative Indian literary work of a specified period.[ citation needed ]

Bennett Coleman

In 1947, Ramkrishna Dalmia engineered the acquisition of Bennett, Coleman by transferring moneys from a bank and an insurance company of which he was the Chairman. In 1955, this came to the attention of the socialist parliamentarian Feroze Gandhi who was part of the ruling Congress party headed by his estranged father-in-law Jawaharlal Nehru. In December 1955, he raised the matter in parliament, documenting extensively the various fund transfers and intermediaries through which the acquisition had been financed. The case was investigated by the Vivian Bose Commission of Inquiry. [1] [ full citation needed ]

In the court case that followed, where Dalmia was represented by the leading British attorney Sir Dingle Mackintosh Foot, he was sentenced to two years in Tihar Jail. Upon his release, Ramkrishna approached his son-in-law Sahu Shanti Prasad Jain to whom he had entrusted running of Bennett, Coleman & Co. Ltd for taking back the command. But Sahu rebuffed Ramkrishna's efforts to resume command of the company. [1] [ full citation needed ]

FERA violation charges

During Nehru's regime, the trade with other countries and the foreign currencies were strictly regulated. Jain was caught, and subsequently arrested, at Palam airport (in latter day Delhi) for bringing in foreign currency. The event was blacked out by the Times of India, even though other newspapers carried the story. [2]

Legacy

He died on 27 October 1977, two years after the death of his wife.[ citation needed ] His work was continued by his brother Shreyans Prasad Jain and also his son Ashok Kumar Jain. Today, the Times Group that runs Bennett, Coleman & Co. Ltd. is a large media empire, still run by his descendants.

See also

Related Research Articles

<i>The Times of India</i> Indian English-language daily newspaper

The Times of India, also known by its abbreviation TOI, is an Indian English-language daily newspaper and digital news media owned and managed by The Times Group. It is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world. It is the oldest English-language newspaper in India, and the second-oldest Indian newspaper still in circulation, with its first edition published in 1838. It is nicknamed as "The Old Lady of Bori Bunder", and is an Indian "newspaper of record".

<span class="mw-page-title-main">The Times Group</span> Mass media conglomerate in India

Bennett, Coleman and Company Limited is an Indian media conglomerate headquartered in Mumbai, Maharashtra. The company, which is a family-owned business, publishes The Times of India newspaper, which is the highest selling daily English-language newspaper in India, in addition to several radio stations, television channels such as Times Now, the film magazine Filmfare, and the women's magazine Femina. The Sahu Jain family continues to own a majority of the stake in the group, and in May 2023, the Times Group was split into two separate business entities between brothers Vineet Jain and Samir Jain, such that its radio and broadcast properties would remain with Vineet Jain and its print properties would be under Samir Jain.

<i>Filmfare</i> Indian film magazine

Filmfare is an Indian English-language fortnightly magazine published by Worldwide Media. Acknowledged as one of India's most popular entertainment magazines, it publishes pieces involving news, interviews, photos, videos, reviews, events, and style. The magazine also annually gives the Filmfare Awards, the Filmfare Awards South, the Filmfare Awards East, the Filmfare Marathi Awards, the Filmfare Awards Punjabi, the Filmfare OTT Awards, the Filmfare Short Film Awards, and the Filmfare Style & Glamour Awards.

<span class="mw-page-title-main">Jnanpith Award</span> Indian literary award

The Jnanpith Award is the oldest and the highest Indian literary award presented annually by the Bharatiya Jnanpith to an author for their "outstanding contribution towards literature". Instituted in 1961, the award is bestowed only on Indian writers writing in Indian languages included in the Eighth Schedule to the Constitution of India and English, with no posthumous conferral.

Indu Jain was an Indian media executive and philanthropist. She belonged to the Sahu Jain family and was the chairperson of India's largest media group, popularly known as The Times Group.

Baldev Upadhyaya was a Hindi, Sanskrit scholar, literary historian, essayist and critic. He wrote numerous books, collections of essays and a historical outline of Sanskrit literature. He is noted for discussing Sanskrit literature in the Hindi language. Earlier books related to Sanskrit literature were often written either in Sanskrit or in English.

The Sahu Jain family is an industrial family of India. They own Bennett, Coleman & Co. Ltd., which owns The Times of India, the most-circulated English-language newspaper in the world. The members of the extended family have interests in education, chemicals and finance.

<span class="mw-page-title-main">Bharatiya Jnanpith</span> Literary and research organization

Bharatiya Jnanpith a literary and research organization, based in New Delhi, India, was founded on February 18, 1944 by Sahu Shanti Prasad Jain of the Sahu Jain family and his wife Rama Jain to undertake systematic research and publication of Sanskrit, Prakrit, Pali and Apabhramsha texts and covering subjects like religion, philosophy, logic, ethics, grammar, astrology, poetics, etc.

Dalmianagar is a town that had one of the oldest and biggest industry in India. It is situated at Dehri-on-Sone on the banks of the Son River in Rohtas district of Bihar. This is a city and a Municipality in Rohtas district in the state of Bihar, India, combinedly known as Dehri-Dalmianagar Nagar Palika.

Sahu Shreyans Prasad Jain (1908–1992) was an Indian businessman, parliamentarian and a prominent member of the Jain community. He was the brother of notable businessman and philanthropist Sahu Shanti Prasad Jain. He was awarded Padma Bhushan for social work in 1988.

The Moortidevi Award is an Indian literary award annually presented by the Bharatiya Jnanpith, a literary and research organisation. The award is given only to Indian writers writing in Indian languages included in the Eighth Schedule to the Constitution of India, and in English, with no posthumous conferral or self nomination.

Jaidayal Dalmia (1904–1993) was born into Hindu Agarwal family and was one of the leading industrialists and philanthropists of India. He was one of the co-founders of Dalmia Group and younger brother of Ramkrishna Dalmia

<i>Jai Jawaan Jai Kisaan</i> (film) 2015 Indian film

Jai Jawaan Jai Kisaan is a 2015 Indian Hindi-language biographical drama film directed by Milan Ajmera. It is based on the life of former Indian Prime Minister Lal Bahadur Shastri and is titled after his popular slogan of the same name.

Ashok Jain was the Chairman of Bennett, Coleman & Co., the parent company of The Times of India and other large newspapers.

Vineet Jain is an Indian entrepreneur and current Managing Director of Bennett, Coleman & Co. Limited, India’s oldest and largest media group in India, also known as Times Group. The Times Group is present across the media spectrum with a presence in Print, TV, Internet, Radio, Events and OOH. The Times Group has legacy of 180+ years and publishes leading Indian general and business newspaper – The Times of India and The Economic Times.

Dr. Girish Mishra was an Indian author, columnist, teacher and commentator. He is famous for his commentary on Indian economy for nearly past half century.

Dalmia Bharat Group (DBG) is an Indian conglomerate, which traces its origins to the businesses established by brothers Ramkrishna Dalmia and Jaidayal Dalmia in eastern India in the first half of the 20th century. In the 1930s, the group merged with the businesses of the Sahu Jain family to form the Dalmia-Jain Group. In 1948, the two families decided to split the businesses; the Dalmia businesses were further divided between Ramkrishna and Jaidayal.

References

  1. 1 2 Auletta. Page 55.
  2. Mishra, Girish; Pandey, Braj Kumar (1998). White-Collar Crimes - Girish Mishra, Braj Kumar Pandey - Google Books. Gyan Publishing House. ISBN   9788121205900 . Retrieved 21 April 2012.