Vineet Jain

MD
The Times Group

Mr. Vineet Jain is the Managing Director of India’s oldest, largest and most respected media group, the 184-year-old Bennett, Coleman & Co. Limited, also known as Times Group.

Mr. Vineet Jain has been the driving force behind the diversification and expansion of what began as a traditional publishing business under the flagship Times of India.

Today, the Times Group is No. 1 across the media spectrum – be it internet, radio, music, news television, or out-of-home – thanks to his vision and leadership.

A combination of business acumen, strategic insight, and creative energy – and a deep understanding of both content and marketing – has helped keep the Group future-focused.

Underpinning all of this is Mr. Jain’s obsession with keeping the consumer at the centre of everything the Group does and his abiding belief in the transformative power of positive change.

He built the largest omni-channel news network in the country with leadership across print, digital and TV mediums, with a keen eye on the product and a constant focus on innovation across the different formats.

The brands – which straddle platforms and audiences – speak to his success. He revolutionized the content behind The Times of India and The Economic Times, making it more contemporary and appealing to even younger audiences today.

He played a pivotal role in transforming BCCL into a multimedia company with a powerhouse of brands across Radio (Mirchi), TV (Times Network), OOH (Times OOH), Music (Times Music), Movies (Junglee), Audio OTT (Gaana) and Marquee IPs (Filmfare, Femina, and Global Business Summit to name a few).

He spotted the digital trend early on and was instrumental in putting together the building blocks for the internet businesses within the Group.

He was actively involved in all aspects of the internet business, leading Times Internet into one of the largest consumer ecosystems in India. TIL is today India ‘s number 1 digital publisher. He also started MagicBricks which is now the leader in the Indian Real Estate Marketplace. Under his guidance, MagicBricks is now foraying into adjacencies such as home interiors, home loan services, home loan insurance etc.

It’s his belief that the future of India lies with an educated and engaged youth that led to the establishment of Bennett University and its growing recognition as a respected institution and brand.

Times Pro – the Edtech arm of the Group – has taken the Group’s focus on education to the next level with its strong focus on higher education, upskilling, and executive education.

All this has won Mr. Jain several accolades: The Rajiv Gandhi Award for Corporate Excellence, and Indian Telly Award for his contribution to Indian TV Broadcasting Industry, in 2009; IMPACT Person of the Year, 2013; Entrepreneur of the Year Award 2013 from the Bombay Management Association; Media Person of the Year Award from the International Advertising Association (IAA) in 2015; the Indian Television Academy’s ‘Sterling Icon of Indian Entertainment Media’; Art Karat Award for Excellence in Media; and AsiaOne Global Indian of the Year 2018; Lifetime Achievement Award at exchange4media News Broadcasting Awards (enba) 2018; Bharatiya Mahanatam Vikas Puraskar 2018–19; Impact Digital Power 100, 2020: Business Leaders; ITA Hall of Fame, 2020.

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Disruption | Development | Diversification

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The Next Gen: DISRUPTION

Economic Disruption: We live in an era of disruption in which powerful global forces are changing how we live and work. Powerful disruptions are changing our world. The gig economy, remote work, and the sharing economy have disrupted traditional employment models. The new generation is often at the forefront of these economic changes, seeking flexibility and independence in their careers.

Technological Disruption: The new generation is witnessing rapid technological advancements and digital transformation. They are at the forefront of embracing and driving these changes, leading to disruptions in various industries. Examples include the rise of blockchain, artificial intelligence, and the gig economy. Frontier technologies such as the Internet of Things, smart robotics, automation, and artificial intelligence are boosting productivity growth, raising prosperity, and replacing mundane or dangerous tasks. They have the potential to do good across a wide range of domains, from healthcare to education

Cultural Disruption: Social movements and changing cultural norms are disrupting traditional societal structures. The new generation is actively involved in advocating for gender equality, LGBTQ+ rights, and racial justice, challenging the status quo and pushing for more inclusive societies. The connection between resilience, equity and inclusion is widely accepted by policymakers: evidence has shown that creating more equitable and inclusive societies is a crucial part of any economic strategy focused on resilience and recovery.

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The Next Gen: DEVELOPMENT

Skill Development: The new generation places a strong emphasis on personal growth and development. They prioritize continuous learning, self-improvement, and mental well-being. Tools like online courses, self-help apps, and social networks play a significant role in their development journey. It is important to have a conversation about how to begin closing the gap between what our students are learning and what the demands of the workforce will be once they enter. Half of us will need to reskill in the next five years, as the "double disruption" of the economic impacts of the pandemic and increasing automation transforming jobs takes hold.

Sustainable Development: This generation of leaders bears the responsibility of preserving and advancing the legacies of their businesses while actively championing sustainable practices across businesses, governments, local communities, and personal lifestyle changes to secure a brighter future for the planet. Sustainability, the buzzword across the world today, will have to take on a new avatar and become the soul of every organization - business or otherwise. Businesses cannot succeed in societies that fail.

Social Development: The next generation is deeply rooted in creating positive change in society by incorporating CSR, promoting digital literacy, improving access to quality education, and supporting public health initiatives. Smart living is about adapting the fruits of technology through models that are scalable, profitable and, importantly, ecologically and socially more sustainable.

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The Next Gen: DIVERSIFICATION

Geographical Diversification: The prime focus of the new-gen leaders will be on a geographic diversification strategy, either domestically or internationally, aiming to integrate its products and services as a routine in consumers’ lifestyles. This will mitigate the risks associated with regional economic fluctuations. In an interconnected world, diversity, shaped by globalization and technological advances, forms the fabric of modern society.

Business Diversification: The strategic expansion and diversification of businesses with investments in newer business avenues, will enhance the return on investment, reflecting the forward-thinking approach of the next-generation leaders' eagerness to innovate. Companies are discovering that, by supporting and promoting diverse products and services, they are gaining benefits that go beyond the optics.

Workforce Diversification: To achieve geographical and business diversification, the next generation of leaders will aim at prioritizing workforce diversity, to boost job growth and create together a multitude of ideas and perspectives, igniting innovation and creativity. In times of increasing disruption and uncertainty, companies need to continue to prioritize diversity and inclusiveness (D&I) for the benefit of their culture — and their bottom line.

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