Quick Info
| Profession | Politician, Chairman of Essel Group |
|---|---|
| Nationality | Indian |
| Date of Birth | 30/11/1950 |
| Age | 75 years |
| Birthplace | Hisar district, Haryana, India |
| Zodiac Sign | Sagittarius |
Latest News about Subhash Chandra Goenka
The Central Bureau of Investigation registered a case against Subhash Chandra and three associates over alleged loan fraud involving LIC Housing Finance. The complaint claims that a net worth certificate he submitted in 2018 was used to obtain loans of over ₹1,322 crore, a figure he has been accused of overstating. The matter is part of a wider set of legal proceedings linked to the Essel Group.
The National Company Law Tribunal approved a creditor-backed repayment plan tied to Subhash Chandra's personal guarantees for Essel Group borrowings. Under the plan, his creditor claims of roughly ₹22,006 crore were settled for a much smaller payment of about ₹6.5 crore. Some lenders objected that the recovery was too small and are exploring an appeal.
India's markets regulator barred Subhash Chandra and Punit Goenka from the securities market for one year each and imposed penalties for an unauthorized pledge of company land used to secure loans for promoter-linked Essel Group entities. The action was tied to a broader securities-law case involving Zee Entertainment Enterprises and related promoter transactions.
The Essel Group marked its 100th anniversary, founded in 1926, with a celebration led by Chairman Subhash Chandra. In his speech he stressed that family values should be carried into the group's future.
Subhash Chandra publicly apologized to actor Rhea Chakraborty after earlier making allegations against her in connection with the Sushant Singh Rajput death case. The apology came after the Central Bureau of Investigation cleared Chakraborty of the allegations.
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Bio/Wiki
| Subhash Chandra Goenka is an Indian billionaire media baron and chairman of the Essel Group. | |
| He is known for founding Zee TV, India's first private satellite television channel launched in 1992. | |
| He was elected to the Rajya Sabha, the Upper House of the Indian Parliament, in 2016 as an independent candidate supported by the Bharatiya Janata Party. | |
| He also founded Zee News in 1999 and is the chairman emeritus of Zee Entertainment. |
Physical Stats & More
| Eye Color | Black |
|---|---|
| Hair Color | Salt & Pepper |
Educational Qualification(s)
| High School Drop Out |
Personal Life
| Married |
Relationships & More
| Wife/Spouse | Sushila Devi |
|---|---|
| Children |
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Family
| Father | Nandkishore Goenka |
|---|---|
| Mother | Tara Devi Goenka |
| Siblings |
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| Spouse | Sushila Devi |
| Children |
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Career
| Started as a rice trader and commission agent in his family business. | |
| Established Essel Packaging in the 1980s, focusing on flexible packaging for fast-moving consumer goods. | |
| Launched EsselWorld, India's first amusement park, in 1989. | |
| Founded Zee TV in 1992, India's first private Hindi satellite television channel, breaking the monopoly of state-run Doordarshan. | |
| Established Dish TV in 2003, India's first direct-to-home satellite television provider. | |
| Launched DNA, an English-language daily newspaper, in 2005 in collaboration with the Dainik Bhaskar Group. | |
| Expanded Essel Group into cable distribution with Siticable in 1995, and launched channels like Zee News and Zee Cinema. | |
| Resigned as Director and Non-Executive Chairman of Zee Media on 24 May 2016. | |
| Elected to Rajya Sabha for Haryana in June 2016. |
Some Lesser Known Facts
| 1. He was born in a small village in Hisar, Haryana in a bania family. | |
| 2. In 1965, he dropped out of his 10th grade to join his family business as a commission agent supplying rice. | |
| 3. He started a manufacturing business named Essel packaging, focused on plastic tubes for toothpaste. | |
| 4. In 1989, he established EsselWorld, a recreational park in north Bombay. | |
| 5. In 1992, he co-launched India’s first Hindi cable channel, ZeeTV. | |
| 6. ZeeTV reached 959 million people in 169 countries. | |
| 7. He launched India's first lottery and Dish TV. | |
| 8. In 2005, he co-launched DNA, an Indian broadsheet newspaper. | |
| 9. DNA was the first English broadsheet in India with an all-color page format. | |
| 10. He supported a failed Twenty20 cricket league's restart. | |
| 11. He started the "Dr. Subhash Chandra Show" to motivate youth. | |
| 12. He received the Global Indian Entertainment Personality of the Year Award in 2004. | |
| 13. His memoir, "Z Factor," was launched by PM Narendra Modi. | |
| 14. He received multiple awards for his work in media and entrepreneurship. | |
| 15. In 2013, he received an Honorary Doctorate from the University of East London. | |
| 16. He started nine businesses in India, with six successful and three failed. | |
| 17. He resigned from his company positions in May 2016. | |
| 18. He became a Member of Parliament in June 2016. | |
| 19. In 2017, he pledged $777 million for the DSC foundation. | |
| 20. His businesses span newspapers, cable, gaming, theme parks, education, packaging, and infrastructure. | |
| 21. In August 2023, a debt resolution agreement was reached for Essel Group companies. | |
| 22. The debt amounted to around Rs 6,500 crore and involved ownership of assets like Dish TV and Zee Learn. |
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