Essel Group Chairman Dr Subhash Chandra’s has shared his imaginative and prescient and large plans going forward in an unique interview with Zee Business’ Managing Editor Anil Singhvi.
In the interview Hon’ble Chairman of esteemed Essel Group and Rajya Sabha MP Dr Subhash Chandra spoke on a number of matters starting from Zee Group’s imaginative and prescient, Zee Media’s future plans, ZEEL-SONY merger, information on debt decision, DISH TV-Yes Bank difficulty and much more.
About ZEEL-Sony Merger, Dr Chandra stated, “Zee Entertainment and Sony merger moving in the right direction. After regulatory acceptances, the merger will be completed.”
When requested about if the group is planning to start out any new enterprise, Dr Chandra stated, “We never started any business for money. We always tried to do something new by means of business.”
Zee Digital: 1 billion customers in subsequent 3 years
Dr Chandra proudly talked about that Zee Media’s digital platforms has 300 million energetic customers, and the group goals so as to add 1 billion customers in subsequent 3 years. “We will focus on monetizing digital content,” he added.
Zee Media’s efficiency – WION, Zee Digital
Talking about Zee Media’s efficiency, Dr Chandra proudly cited, “Zee Media’s digital platforms has 300 million active users. And, WION is Asia’s first global network – it’s India’s #1 international channel. WION has 58% of its audience in foreign.”
“WION is ahead of BBC on YouTube. In the next 5 years, we plan to add 500 million viewers to WION,” Dr Chandra stated.
When requested about debt decision and present debt standing, Dr Chandra stated, “We reduced 92% debt at promoter level. Rest of the debt at promoter level will be cleared in 1-2 month/s.”
Also, he added, “Venturing into infra business was a mistake.”
Dish TV-Yes Bank matter
Speaking on Dish TV-Yes Bank matter, Dr Chandra stated, “Yes Bank’s old management did fraud with us.”
“Many people in media lack the right information on Dish TV-Yes Bank matter,” he added.
Zee Group’s imaginative and prescient
Speaking on the Zee Group’s imaginative and prescient for the following 5 years amid altering instances, Dr Subhash Chandra stated, “The environment is quite positive in the country under PM Narendra Modi’s leadership. We are continously working on many fronts.”
‘Mayaverse’ – Era of web
Moreover, speaking about Metaverse, Crypto and NFT, Dr Chandra stated, “I call it ‘Mayaverse’ as the era of internet belongs to ‘Mayaverse’.”
Message to shareholders
When requested if there’s any message to shareholders, Dr Chandra stated, “I know some shareholders were upset but we never ignored any interests of our shareholders.”
When requested that each time he bounced again with extra power and energy, Dr Chandra stated, “Something new will come very soon – this time in technology front.”