Times Group’s Samir and Vineet Jain want to break up
The brothers have been at loggerheads for a while. Discussions for a mutually agreeable separation are now underway.
Why read this story?
Editor's note: One of the largest and most influential news media companies in India, Bennett Coleman and Co. Ltd, is being evaluated for a split, according to three people aware of the development, all of whom asked not to be named. BCCL, better known as the Times Group, is seeing a clash between the brothers Samir Jain and Vineet Jain; the Jain family owns and operates the media behemoth that publishes India’s largest English newspaper, The Times of India. The clash is rooted in disagreements over how the business should be run and who should have the last word on company decisions. Samir Jain, the older brother by a little over 10 years, is the vice chairman of the company, while Vineet Jain is the managing director. According to the three people quoted above, the two brothers have been at loggerheads for a while now, and have been thinking of a possible way to resolve their conflict—by dividing the assets of their sprawling empire. “The brothers haven’t been on talking terms for a while,” says one of the three people quoted above. …
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