Raghav Bahl resigns as MD of The Quint

Raghav Bahl resigns as MD of The Quint

He will continue serving as non-executive promoter director on the company board.

Raghav Bahl

NEW DELHI: Serial entrepreneur, media veteran, and the founder of The Quint, Raghav Bahl has resigned as the managing director of the digital publisher. He, however, will continue to act as a non-executive promoter director on the board of the company.  Quint Digital Media runs and operates three digital platforms – thequint.com. hindi.thequint.com, and fit.thequint.com. The digital platforms offer media and journalism across five mediums – live, articles, videos, quint lab, and audio podcasts – across various categories.

The information was provided on the Bombay Stock Exchange (BSE) via a statement reading, “In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “LODR” Regulations”), we would like to inform that Raghav Bahl has resigned as the managing director of the company w.e.f. closure of business hours of 29 December 2020. Further,  Raghav Bahl will continue to act as non-executive promoter director of the board of the company.” 

Bahl is best known for his past ownership of TV channels like TV18 India. He was also the founding/controlling shareholder and MD of Network18 Group and expanded it into a media conglomerate with TV channels, digital properties and a magazine. Under Bahl’s leadership, the company had formed successful joint ventures with CNBC, Forbes, A&E Networks, Viacom, and Time Warner, with whom it runs English news channel, CNN-News18.

Later, along with wife Ritu Kapur, Bahl founded Quintillion Media. He also acquired a controlling stake in Gaurav Mercantiles in 2019 and merged Quintillion’s digital news businesses with it. 

Bahl had planned to start a business news channel with Bloomberg under Quintillion Business Media. However, he was unable to procure a broadcast licence from the government for three years, eventually leading to the shutdown of the TV division in April 2020. He said he would focus on digital operations henceforth.