The Board of Directors of Network18 Media & Investments Limited has approved the appointment of Mr. Raj Kumar Jain (DIN 01741527) as an Additional Director, designated as an Independent Director. This appointment is effective from March 25, 2026, and covers a term of five consecutive years, concluding on March 24, 2031, subject to shareholder approval. Mr. Jain brings extensive experience from leadership roles at The Times of India Group, Walmart, and Whirlpool.
Board Approval for New Independent Director
Network18 Media & Investments Limited announced the approval by its Board of Directors regarding a key directorial change. Following the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Raj Kumar Jain (DIN 01741527).
Mr. Jain has been appointed as an Additional Director and designated as an Independent Director of the Company. This appointment is set for a period of five consecutive years, commencing on March 25, 2026, and extending through March 24, 2031, pending the necessary approval from the Members of the Company.
Director Profile and Background Summary
Mr. Raj Kumar Jain is a veteran corporate professional with significant entrepreneurial experience. His qualifications include an Engineering degree from Delhi College of Engineering and an MBA from Kellogg School of Business. He is currently 67 years old.
His professional background highlights extensive leadership tenure:
- Prior to his entrepreneurial venture in 2020, he served as Chief Executive Officer of The Times of India Group, managing its Print, Television, Out of Home, and Digital operations.
- In 2006, he led the entry of Walmart Inc. into India through a joint venture with the Bharti Group, establishing the Pan India Wholesale Cash & Carry, Retail, and Supply Chain business.
- Before Walmart, he held the position of APAC Head, Marketing & Supply Chain at Whirlpool Corporation in Shanghai, China, and previously served as MD & CEO of Whirlpool India Ltd.
- His early career involved 16 years in various managerial roles across Sales, Marketing, and Supply Chain at Hindustan Lever Ltd. (Unilever) in India and the U.K.
Current Commitments and Compliance
Since 2020, Mr. Jain founded Bounce Inc., a boutique management and operations consulting firm focusing on market entry and ‘phygital’ transformation. He also serves as the Managing Director of Clicktech Retail Private Limited.
In terms of regulatory compliance, the disclosure confirms that Mr. Raj Kumar Jain is not related to any Director of Network18 Media & Investments Limited. Furthermore, he is not debarred from holding the office of Director by virtue of any order from the relevant regulatory authorities.
The Board meeting where this decision was finalized commenced at 2:45 p.m. and concluded at 5:30 p.m. on the date of the announcement.
Source: BSE
