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Indu Jain

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Indu Jain
Born(1936-09-08)8 September 1936
Ayodhya,United Provinces,British India
Died13 May 2021(2021-05-13)(aged 84)
New Delhi,Delhi,India
NationalityIndian
Occupation(s)Chairman and CEO of
Bennett Coleman & Co Ltd.
Known forThe Times Foundation
The Oneness Forum
SpouseAshok Kumar Jain
ChildrenSamir Jain,Vineet Jain

Indu Jain(8 September 1936 – 13 May 2021) was an Indian media executive and philanthropist. She belonged to theSahu Jain familyand was the chairperson of India's largestmedia group,popularly known asThe Times Group.

As of 2006, Indu Jain had an estimated net worth of $2.4 billion, making her the 317th-richest person in the world.[1]She was involved in philanthropy related to development and disaster relief, as well as literary endeavours.

Career and philanthropy[edit]

In 1999, following the death of her husband, publishing magnateAshok Kumar Jain,Indu Jain became chair ofThe Times Group,India's largestmedia group(formally named Bennett, Coleman & Co. Ltd).[2]This group ownsThe Times of Indiaand other newspapers and media outlets.[3]In 2012, the Times Group employed 11,000 people, and controlled 38 per cent of the Indian newspaper market.[4]The key to the success of the Times Group is that the newspapers are not about investigative reporting, but selling advertisements with large parts of the papers dedicated toBollywoodand paid editorials.[5]

According toForbes's 2006 rankings, Indu Jain had a net worth of $2.4 billion and was the 317th-richest person in the world.[1]In 2006, Indu Jain filed charges againstForbesfor breach of privacy and stated that the estimates were speculative. TheDelhi High Courtdismissed the case in October 2007.[6]As of 2007, she was estimated to be the richest woman in Asia.[7]

In 2000 Jain founded The Times Foundation, which she also chaired.[8]The Times Foundation runs Community Services, Research Foundation and Times Relief Fund for relief from disasters such as floods, cyclones, earthquakes and epidemics.[8]In 2000, Jain addressed theMillennium Peace Summit of Religious and Spiritual Leadersat theUnited Nations.[3]

Jain was the founder and president of the ladies' wing ofFICCI(FLO) as of March 2017. From 1999 to her death, she chaired theBharatiya JnanpithTrust, a literary organization founded by her father-in-lawSahu Shanti Prasad Jainin 1944.[9]The Trust administers theJnanpithaward, the highest honour for authors writing in Indian languages.[9][10]

Jain was an author, who published a two-volumeEncyclopedia of Indian Saints and Sagesin 2012 and 2019.[11]Co-authored with N. K. Prasad and published by Times Group Books, the second instalment was launched at an event for World Environmental Day with religious leaders.[12]

Awards[edit]

Indu Jain awarded Padma Bhushan Award by PresidentShri Pranab Mukherjee

Indu Jain was awarded thePadma Bhushanby the government of India in January 2016.[13]

In November 2019, she received the Lifetime Achievement award from theInstitute of Company Secretaries of India"for translating excellence in corporate governance into reality".[8]

She also won a Lifetime Contribution to Media award from the All India Management Association in 2018 as part of the group's annual Managing India Awards for excellence in leadership and nation building.[14]She won a Lifetime Achievement Award from theIndian Congress of Women.[9]

Personal life[edit]

Indu Jain was married toAshok Kumar Jain,with whom she had two sons,SamirandVineet Jain,and a daughter.[15][16]

She died on 13 May 2021 in Delhi due to complications fromCOVID-19.[9]

References[edit]

  1. ^ab"Indu Jain".Forbes.Retrieved14 May2021.
  2. ^Hiscock, Geoff (2008).India's Global Wealth Club: The Stunning Rise of Its Billionaires and Their Secrets of Success.John Wiley & Sons. p.73.ISBN978-0-470-82238-8.
  3. ^ab"Indu Jain, Times Group chairman, attains nirvana".The Times of India.14 May 2021.Archivedfrom the original on 14 May 2021.Retrieved14 May2021.
  4. ^"Layoffs hit Economic Times. Is Times of India next?".News Laundry.15 May 2020.Retrieved14 May2021.
  5. ^Ken Auletta (1 October 2012)."Citizens Jain".The New Yorker.Retrieved14 May2021.
  6. ^"INDU JAIN V. FORBES INCORPORATED".Case Mine.Retrieved14 May2021.
  7. ^Eng, Dennis. "Crown of Asia's Richest Woman Will Now Pass to India Or the Mainland."South China Morning Post.5 April 2007: 3. ProQuest. 14 May 2021.
  8. ^abc"Times Group Chairman Indu Jain gets Lifetime Achievement Award".The Times of India.30 November 2019.Archivedfrom the original on 5 July 2020.Retrieved5 July2020.
  9. ^abcd"Times Group chairperson Indu Jain dies".The Hindu.PTI. 13 May 2021.Archivedfrom the original on 13 May 2021.Retrieved13 May2021.
  10. ^"Sachin Tendulkar pays tribute to Times Group chairman Indu Jain as she passes away due to Covid complications".Times Now News.Retrieved14 May2021.
  11. ^"Book throws new light on India's mystics and their message | India News".The Times of India.6 June 2019.Retrieved14 May2021.
  12. ^"Spiritual leaders attend Indu Jain's book launch, give green push".The Economic Times.6 June 2019.Retrieved14 May2021.
  13. ^"Times Group chairman Indu Jain, Rajinikanth and 50 others receive Padmas from President".Times of India.13 April 2016.Archivedfrom the original on 15 June 2018.Retrieved7 June2017.
  14. ^23 April 2018. "AIMA honours Indu Jain, chairman emeritus, Bennett Coleman & Co."The Times of India (Online)via Proquest.
  15. ^"Times Group chairperson Indu Jain passes away".Live Mint.Retrieved14 May2021.
  16. ^"The Jain Family".Reporters without Borders.Retrieved14 May2021.
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