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Businessworld

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For the Philippine daily newspaper, see BusinessWorld.

BW Businessworld
BW Businessworld
Editor-in-ChiefAnurag Batra
CategoriesBusiness magazine
FrequencyFortnightly
Founded1981
CountryIndia
Based inNew Delhi
LanguageEnglish
Websitebusinessworld.in

BW Businessworld is an Indian business magazine brand owned by media entrepreneur Anurag Batra.[1] The magazine was earlier published by the ABP Group, whose most prominent publications include The Telegraph, Anandabazar Patrika, Sananda, Anandamela and others. BW Businessworld's offices are currently located out of New Delhi, Mumbai, Bangalore and Chennai.

On 19 September 2013, the ABP Group owners, ie Ananda Publishers, sold their rights on Businessworld for an undisclosed amount to Anurag Batra (owner of exchange4media[2]) and Vikram Jhunjhunwala (who runs investment banking and asset management firm Shrine Capital).[3][4]

Businessworld magazine had been founded by ABP group in 1981.[5] In 2021, it was reported that the publication was in debt, with an enormous amount of unpaid dues to its editorial staff still pending for clearance.[6] The management also sent defamation notices to social media users who shared screenshots of their interactions between Batra and BW's ex-employees asking him to pay their salaries.[7]

However, it was also reported in May 2018 that the magazine was in debt and that salaries to staffers were unpaid even back then.[8] Subsequently, Batra announced that Businessworld had scaled up its operations and that it has successfully raised revenue.[citation needed] Businessworld's publications now include magazines such as the flagship BW Businessworld as well as BW Police World, BW Defence, BW Legal World, BW Marketing World, BW Wellbeing, BW Healthcare, and many more.

Funding and Support

BW Businessworld has been receiving generous funding from Joy Travels and Matex Tourism, which has helped it to recover and maintain its cost of operations and pay timely salaries to its staffers. Matex Tourism LLP is a travel and tourism leisure company based out of Malaysia and India and was co-founded by Niti Guglani, Zani Bin Ramlee, Amrou Bakour, and Kausar Shamim in November 2014. Niti Guglani is also the director of Joy Travels, a tourism company in Delhi.

Chairman and Managing Director

Anurag Batra, also known as Anurag Batra, born on 27th August 1972, is an Indian journalist and the chairman and editor-in-chief of Businessworld and exchange4media.com.[9] Batra is also a member of the board of governors at the Management Development Institute (MDI) in Gurgaon and a co-founder of exchange4media.com (a business-to-business web portal founded in 2000 by Batra, Amit Agnihotri and Nawal Ahuja).[10][11][12]

References

  1. ^ "ABP group sells 'Businessworld' magazine to Exchange4media owner and others". The Economic Times. Retrieved 5 November 2022.
  2. ^ "The Rise and Rise of Anurag Batra." Pradyuman Maheshwari. MxM India. 20 September 2013.
  3. ^ Pranali Shah (5 September 2013). "ABP Group to Sell Its Business Magazine - BusinessWorld". DealCurry. Archived from the original on 23 September 2015. Retrieved 2 August 2015.
  4. ^ "ABP Group sells Businessworld magazine". @businessline. 19 September 2013. Retrieved 25 January 2021.
  5. ^ Sangita P. Menon Malhan (2 August 2013). The TOI Story: How A Newspaper Changed the Rules of the Games. HarperCollins Publishers India. p. 35. ISBN 978-93-5029-664-6. Retrieved 1 August 2015.
  6. ^ Joseph, Anto T. "BW Businessworld is on the brink of collapse. What went wrong?". Newslaundry. Retrieved 5 November 2022.
  7. ^ Businessworld Sends Defamation Notice to Twitter Users for Sharing Screenshot of LinkedIn Interaction. newslaundry.com. 7 June 2021.
  8. ^ Businessworld Staff Salaries Unpaid for Four Months. newslaundry.com. 8 May 2018.
  9. ^ Sahu, Yogesh (24 December 2020). "कोविड-19 की चपेट में आए ई4एम समूह के चेयरमैन डॉ. अनुराग बत्रा". Amar Ujala (in Hindi). Retrieved 18 February 2022.
  10. ^ "AICTE appoints Anurag Batra as MDI's Member of Board of Governors". NewsX. 15 January 2020. Retrieved 18 February 2022.
  11. ^ "AICTE appoints Dr Anurag Batra on the MDI Board". ANI News. 16 January 2020. Retrieved 18 February 2022.
  12. ^ "Ex-MDI student - Anurag Batra appointed in MDI Board of Governors". ABP. 28 January 2020. Retrieved 18 February 2022.

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