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Dish TV

DishTV India (stylised as dishtv) is an Indian Subscription based satellite television provider based in Noida, Uttar Pradesh with Yes Bank as its biggest stakeholder.[1] DishTV was launched by the Zee Group on 2 October 2003. It ranked #437 and #5 on the list of media companies in Fortune India 500 roster of India's largest corporations in 2011.[2] Dish TV was also voted India's most trusted DTH brand according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.[3][4] On 22 March 2018, Dish TV completed a merger with Videocon d2h, creating the largest DTH provider in India at the time of merger.

DishTV
TypePublic
BSE: 532839
NSE: DISHTV
ISININE836F01026
IndustrySatellite television
Founded2 October 2003; 20 years ago (2003-10-02)
HeadquartersSector 16A, Film City, ,
India[5]
Key people
Jawahar Goel (CMD)
Anil Dua (CEO)
ProductsSatellite pay television, pay-per-view, streaming television
Revenue 3,569 crore (US$450 million) (2020)[6]
−1,222 crore (US$−150 million) (2020)[6]
−1,654 crore (US$−210 million) (2020)[6]
OwnerYes Bank (25.63%)
Individual shareholders (24.42%)
Deutsche Bank (6.16%)
Housing Development Finance Corporation(4.73%)
Essel Group (4.04%)
IndusInd Bank Ltd.(3.78%)
L&T Finance (1.95%)
Aditya Birla Sun Life Asset Management (1.59%)
Number of employees
407 (2020)[6]
Subsidiariesd2h
Zing Digital
Websitewww.dishtv.in

History Edit

DishTV launched the first DTH service in India on 2 October 2003. The company decided not to compete against entrenched cable operators in metros and urban areas, and instead focused on providing services to rural areas and regions not serviced by cable television. Jawahar Goel, who led the launch, recalled 10 years later, "We hardly had four transponders and could offer only 48 channels, compared to analog cable that was giving 60 and was much cheaper. And, Star refused to give its channels. So, we decided to go slow and concentrate in cable-dry and cable-frustrated markets, rather than cable-rich markets and build the market step by step." Dish TV acquired 350,000 subscribers within 2 years of the launch.[7]

Following bitter legal proceedings between Star and Zee, in 2007, the two companies called a truce and began offering their channels on each other's services. This decision and Dish TV's acquisition of more transponders enabled them to offer 150 channels on their service, more than any other DTH service in India at the time.[7]

Merger with Videocon d2h Edit

On 11 November 2016, the Board of Directors of Dish TV and Videocon d2h agreed to an all-stock merger of their DTH operations.

The merger was approved by the Competition Commission of India (CCI) on 10 May 2017,[8] and by the National Company Law Tribunal on 27 July 2017.[9][10] The merger faced uncertainty in January 2018, when Dish TV announced that it was re-evaluating the merger after some of the Videocon Group's lenders petitioned the National Company Law Tribunal to open insolvency proceedings against the company.[11] In February 2018, Dish TV announced that it intended to go through with the merger.[12]

As of 31 December 2017, d2h had a market share of 19% among the pay DTH operators.[13]

The amalgamation was officially completed on 22 March 2018. The merger made the new combined entity the largest DTH provider in India with 17.7 million active subscribers. Dish TV and Videocon d2h reported separate revenue numbers in FY2017. The combined total revenue of the two firms was 8,077 crore (US$1.0 billion). The company retained the name of DishTV India Limited after the merger.[14]

Fall of promoters' shareholding Edit

In May 2021, it was disclosed that promoters' shareholding in Dish TV has fallen to just 5.67%. It was also told that Yes Bank has become largest shareholder of the company.[15][16]

Zing Digital Edit

Zing Digital is a subsidiary of Dish TV India launched in January 2015 to provide access to South India's regional channel. The service currently operates in Kerala, West Bengal and Odisha.[17]

See also Edit

References Edit

  1. ^ Sood, Gopika Gopakumar,Varun (10 October 2021). "At Dish TV, a Zee/Invesco-like drama is about to unfold". mint. from the original on 10 October 2021. Retrieved 10 October 2021.{{cite web}}: CS1 maint: multiple names: authors list (link)
  2. ^ "Dish TV makes it to Fortune India 500, 4 biggies exit list". MxM India. from the original on 2 May 2012. Retrieved 1 August 2012.
  3. ^ "Dish TV voted as India's Most trusted DTH Brand". from the original on 2 July 2018. Retrieved 8 December 2014.
  4. ^ . Trust Research Advisory. Archived from the original on 4 October 2014.
  5. ^ "Dish TV Contact Info". from the original on 18 November 2016. Retrieved 2 October 2016.
  6. ^ a b c d "Dish TV Ltd. Financial Statements". moneycontrol.com. from the original on 9 January 2021. Retrieved 7 January 2021.
  7. ^ a b Gupta, Surajeet Das (1 January 2014). "10 years of DTH in India: The other electronics revolution". Business Standard India. from the original on 3 October 2016. Retrieved 1 October 2016.
  8. ^ Ahluwalia, Harveen (10 May 2017). "Dish TV and Videocon d2h merger gets CCI approval". www.livemint.com/. from the original on 1 December 2017. Retrieved 18 November 2017.
  9. ^ "NCLT approves Dish TV-Videocon D2h merger, to have subscriber base of 27 mn". Business Standard India. Press Trust of India. 27 July 2017. from the original on 1 December 2017. Retrieved 18 November 2017.
  10. ^ "Govt. approves Dish TV merger with Videocond2h". The Hindu. 16 December 2017. ISSN 0971-751X. from the original on 4 March 2020. Retrieved 29 December 2017.
  11. ^ Dhanjal, Swaraj Singh (12 January 2018). "Videocon-Dish TV merger may get affected by insolvency case against Videocon Industries". livemint.com/. from the original on 12 April 2018. Retrieved 11 April 2018.
  12. ^ "Zee's Dish TV to go ahead with Videocon D2H merger". Hindu Business Line. 7 February 2018. from the original on 12 February 2020. Retrieved 11 April 2018.
  13. ^ "Performance Indicators Reports". Telecom Regulatory Authority of India. from the original on 1 July 2022. Retrieved 25 May 2018.
  14. ^ "Dish TV India, Videocon d2h merger completed". The Economic Times. 22 March 2018. from the original on 13 June 2018. Retrieved 11 April 2018.
  15. ^ "Dish TV promoters' stake falls to 5.67%". The Economic Times. from the original on 10 October 2021. Retrieved 10 October 2021.
  16. ^ Sood, Gopika Gopakumar,Varun (10 October 2021). "At Dish TV, a Zee/Invesco-like drama is about to unfold". mint. from the original on 10 October 2021. Retrieved 10 October 2021.{{cite web}}: CS1 maint: multiple names: authors list (link)
  17. ^ "Dish TV Launches Zing Digital". The New Indian Express. from the original on 18 May 2021. Retrieved 18 May 2021.

Guide Edit

1 channel in DTH
Channel 1 Header text 2 Header text 3 Header text 4 Header text 5 Header text 6
 
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External links Edit

  • Dish TV

dish, confused, with, dish, network, dishtv, india, stylised, dishtv, indian, subscription, based, satellite, television, provider, based, noida, uttar, pradesh, with, bank, biggest, stakeholder, dishtv, launched, group, october, 2003, ranked, list, media, com. Not to be confused with Dish Network DishTV India stylised as dishtv is an Indian Subscription based satellite television provider based in Noida Uttar Pradesh with Yes Bank as its biggest stakeholder 1 DishTV was launched by the Zee Group on 2 October 2003 It ranked 437 and 5 on the list of media companies in Fortune India 500 roster of India s largest corporations in 2011 2 Dish TV was also voted India s most trusted DTH brand according to the Brand Trust Report 2014 a study conducted by Trust Research Advisory 3 4 On 22 March 2018 Dish TV completed a merger with Videocon d2h creating the largest DTH provider in India at the time of merger DishTVTypePublicTraded asBSE 532839NSE DISHTVISININE836F01026IndustrySatellite televisionFounded2 October 2003 20 years ago 2003 10 02 HeadquartersSector 16A Film City Noida Uttar Pradesh India 5 Key peopleJawahar Goel CMD Anil Dua CEO ProductsSatellite pay television pay per view streaming televisionRevenue 3 569 crore US 450 million 2020 6 Operating income 1 222 crore US 150 million 2020 6 Net income 1 654 crore US 210 million 2020 6 OwnerYes Bank 25 63 Individual shareholders 24 42 Deutsche Bank 6 16 Housing Development Finance Corporation 4 73 Essel Group 4 04 IndusInd Bank Ltd 3 78 L amp T Finance 1 95 Aditya Birla Sun Life Asset Management 1 59 Number of employees407 2020 6 Subsidiariesd2hZing DigitalWebsitewww wbr dishtv wbr inContents 1 History 1 1 Merger with Videocon d2h 1 2 Fall of promoters shareholding 2 Zing Digital 3 See also 4 References 4 1 Guide 5 External linksHistory EditDishTV launched the first DTH service in India on 2 October 2003 The company decided not to compete against entrenched cable operators in metros and urban areas and instead focused on providing services to rural areas and regions not serviced by cable television Jawahar Goel who led the launch recalled 10 years later We hardly had four transponders and could offer only 48 channels compared to analog cable that was giving 60 and was much cheaper And Star refused to give its channels So we decided to go slow and concentrate in cable dry and cable frustrated markets rather than cable rich markets and build the market step by step Dish TV acquired 350 000 subscribers within 2 years of the launch 7 Following bitter legal proceedings between Star and Zee in 2007 the two companies called a truce and began offering their channels on each other s services This decision and Dish TV s acquisition of more transponders enabled them to offer 150 channels on their service more than any other DTH service in India at the time 7 Merger with Videocon d2h Edit On 11 November 2016 the Board of Directors of Dish TV and Videocon d2h agreed to an all stock merger of their DTH operations The merger was approved by the Competition Commission of India CCI on 10 May 2017 8 and by the National Company Law Tribunal on 27 July 2017 9 10 The merger faced uncertainty in January 2018 when Dish TV announced that it was re evaluating the merger after some of the Videocon Group s lenders petitioned the National Company Law Tribunal to open insolvency proceedings against the company 11 In February 2018 Dish TV announced that it intended to go through with the merger 12 As of 31 December 2017 d2h had a market share of 19 among the pay DTH operators 13 The amalgamation was officially completed on 22 March 2018 The merger made the new combined entity the largest DTH provider in India with 17 7 million active subscribers Dish TV and Videocon d2h reported separate revenue numbers in FY2017 The combined total revenue of the two firms was 8 077 crore US 1 0 billion The company retained the name of DishTV India Limited after the merger 14 Fall of promoters shareholding Edit In May 2021 it was disclosed that promoters shareholding in Dish TV has fallen to just 5 67 It was also told that Yes Bank has become largest shareholder of the company 15 16 Zing Digital EditZing Digital is a subsidiary of Dish TV India launched in January 2015 to provide access to South India s regional channel The service currently operates in Kerala West Bengal and Odisha 17 See also EditDirect to home television in India Fortune India 500References Edit Sood Gopika Gopakumar Varun 10 October 2021 At Dish TV a Zee Invesco like drama is about to unfold mint Archived from the original on 10 October 2021 Retrieved 10 October 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Dish TV makes it to Fortune India 500 4 biggies exit list MxM India Archived from the original on 2 May 2012 Retrieved 1 August 2012 Dish TV voted as India s Most trusted DTH Brand Archived from the original on 2 July 2018 Retrieved 8 December 2014 India s Most Trusted DTH Brands 2014 Trust Research Advisory Archived from the original on 4 October 2014 Dish TV Contact Info Archived from the original on 18 November 2016 Retrieved 2 October 2016 a b c d Dish TV Ltd Financial Statements moneycontrol com Archived from the original on 9 January 2021 Retrieved 7 January 2021 a b Gupta Surajeet Das 1 January 2014 10 years of DTH in India The other electronics revolution Business Standard India Archived from the original on 3 October 2016 Retrieved 1 October 2016 Ahluwalia Harveen 10 May 2017 Dish TV and Videocon d2h merger gets CCI approval www livemint com Archived from the original on 1 December 2017 Retrieved 18 November 2017 NCLT approves Dish TV Videocon D2h merger to have subscriber base of 27 mn Business Standard India Press Trust of India 27 July 2017 Archived from the original on 1 December 2017 Retrieved 18 November 2017 Govt approves Dish TV merger with Videocond2h The Hindu 16 December 2017 ISSN 0971 751X Archived from the original on 4 March 2020 Retrieved 29 December 2017 Dhanjal Swaraj Singh 12 January 2018 Videocon Dish TV merger may get affected by insolvency case against Videocon Industries livemint com Archived from the original on 12 April 2018 Retrieved 11 April 2018 Zee s Dish TV to go ahead with Videocon D2H merger Hindu Business Line 7 February 2018 Archived from the original on 12 February 2020 Retrieved 11 April 2018 Performance Indicators Reports Telecom Regulatory Authority of India Archived from the original on 1 July 2022 Retrieved 25 May 2018 Dish TV India Videocon d2h merger completed The Economic Times 22 March 2018 Archived from the original on 13 June 2018 Retrieved 11 April 2018 Dish TV promoters stake falls to 5 67 The Economic Times Archived from the original on 10 October 2021 Retrieved 10 October 2021 Sood Gopika Gopakumar Varun 10 October 2021 At Dish TV a Zee Invesco like drama is about to unfold mint Archived from the original on 10 October 2021 Retrieved 10 October 2021 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link Dish TV Launches Zing Digital The New Indian Express Archived from the original on 18 May 2021 Retrieved 18 May 2021 Guide Edit 1 channel in DTH Channel 1 Header text 2 Header text 3 Header text 4 Header text 5 Header text 6 nbsp Naaaptol IPL2023 Watch Live FTO Online Naaaptol NaaaptolExternal links EditDish TV Retrieved from https en wikipedia org w index php title Dish TV amp oldid 1171102504, wikipedia, wiki, book, books, library,

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