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Indu Jain, the inspiring women and chairperson for the Times Group passed away on 13th May 2021 due to Covid-19 related complications. It is a moment of grief for the complete Times group and the Nation on losing such a Robust Personality.
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On this day, to celebrate her life, let us read the success story of this inspiring woman, Indu Jain, who broke the glass ceiling in the male-dominated society.
In the never-ending battle for women’s liberation, female entrepreneurship is a critical landmark. Female-run businesses are rapidly increasing across the globe, leading to household incomes and national economic development. Women entrepreneurs demonstrate to the rest of the globe that no pressure will hinder dedicated women.
Women need to be self-sufficient is becoming even more pronounced these days. This should be considered a watershed moment in the global economy when women were not previously subjected to world affairs to the extent that they are today. A host of women pioneers have been in the headlines in recent years.
It’s not easy to spring up out of nowhere and launch something amazing! The same can be said for any of the world’s top female entrepreneurs. Their quest began with their visions, which were based on a cornerstone of bravery, and then on the roots of commitment.
Here is a story of most one of the most successful women in the world of business who has set a high standard for the feminine class. She is none other than “Indu Jain”. Here’s a rundown of her foray into the world of trade and business which was once considered to be male-dominated memorabilia. Starting with her presence and ending with her triumph tale.
Highlights of Indu Jain Life
Indu Jain became a billionaire at the age of 79.
She was raised in a family of Sahu Jains.
According to one of the publications that covered her, she has a fortune worth nearly 2.8 billion dollars.
She was born and grew up in Najirabad, a rural village in the Bijnor district.
Foundation of Times Group
Bennett Coleman & Co. Ltd is the biggest media company in the country. It is headquartered in Mumbai, India, and was established in 1838 by Its English founders. In 1946, Ram Krishna Dalmia took over the media company from the British owners and later in 1948 passed on his inheritance to his son-in-law, Sahu Shanti Prasad Jain.
The business is currently led by Indu Jain’s two sons, Sameer Jain and Vineet Jain. Bennett Coleman & Co. Ltd’s media publishing house has major magazines and newspaper brands under its banner such as The Times of India, The Economic Times, Femina, Times FM, and Filmfare.
The company was bought over from its British owners and has since sold over 3 million copies worldwide. It has over 11,000 employees now, publishes five daily newspapers, two of which are among the country’s biggest, and operates fifteen publishing centres, fifteen printing centres, and fifty-five sales offices.
It also publishes two major magazines, twenty-nine speciality publications, thirty-two radio channels, and two television networks. She was the chairperson of the Bharatiya Jnanpith Trust, and she is a true supporter of art and literature, so she is well qualified for the role.
The Times Group is now India’s most profitable media firm with a 50% urban market share in English dailies. Indu Jain was the group’s driving power, and she managed to infuse fresh life into it by leading the way and going in all directions as if she were a real leader.
Indu Jain: The creation of Times group Legacy
- The Times Foundation was established by Indu Jain herself, with the greatest consideration and honesty.
- The legacy has earned many national and international accolades as a result of her tenacity and work ethic.
- Under the guidance of Indu Jain, a humanist at heart, the Times Foundation was conceived and directed.
- Times Relief Fund, a division of Times Foundation, assists vulnerable countries in the event of natural disasters such as cyclones, outbreaks, and other natural disasters. In addition to Relief funds, the foundation also maintains a Research Foundation and Community Services, all of which were overseen by Smt Indu Jain.
- Indu Jain was a humanist and feminist who promotes and advocates women’s entrepreneurship while also voicing up for women’s rights. Her charitable intentions and actions have had a significant impact on the lives of many people.
- Indu Jain established the Times Foundation with a simple goal in mind: to contribute to humanity to support those in need and to create a change in wider society.
Overcoming the challenges by Indu Jain
It’s not really a bed of roses when it comes to achieving success. Indu Jain did not have a pleasant time hitting the top. It took a lot of effort to be an Indian woman entrepreneur. You must not only exceed the opponents but also surpass social norms and expectations. People in her day were hesitant to put their faith in a woman’s strength. She had to overcome several challenges to establish her company’s true worth among rivals.
“My desire for knowledge made an explorer out of me,” she said when asked what stopped her moving. Her unwavering faith, exceptional talent, and unwavering determination to achieve her goals have earned her who she is today.
Indu Jain promoted the effort to be a leading company by spreading the idea of unity, fostering the diversity of Indian languages, and, most notably, reaching out to India’s ordinary people with its outstanding content.
Bennett Coleman & Co’s Deficiencies
Questions about the accuracy of papers reported in the TOI have been posed several times. Advertising is one of the most simple and effective ways for the media to generate revenue. Since its use is unavoidable, the ever-increasing commercials in TOI will often take the reader away from the news and into the dazzling advertising.
The crash of 2009 was a boon for the company’s chairperson, propelling her a few places ahead of her counterparts on the billionaire list. While the poor and working-class bore the brunt of the recession, the billionaires whose corruption and disingenuousness had precipitated it just became wealthier; this act became an immoral splodge on Indu, even as she could not be blamed for all of it.
Some of the qualities other than being a chairperson
- The Institute of Company Secretaries of India (ICSI) awarded The Times of India chairperson “Indu Jain” was awarded Lifetime Achievement Award in 2019 for bringing corporate governance excellence to life.
- The Indian Congress of Women has given her the International Lifetime Achievement Award (ICW).
- The Times Foundation also engages in community involvement, such as delivering assistance in the event of natural disasters and hosting marketing activities to encourage young entrepreneurs.
- Indu Jain was a well-known Hindi poet and author who has received the renowned Jnanpith Award and was the curator of FICCI’s ladies wing, demonstrating her deep passion for literature.
- She spoke at the United Nations Millennium World Peace Summit of religious and spiritual icons in the year 2000, and she was a spiritualist at the core.
- Indu Jain received Padma Bhushan in 2016, Anand C Burman, chairman of Dabur India, Anand Mahindra, chairman of the Mahindra Group, Kiran Mazumdar-Shaw, chairperson and MD of Biocon, Venu Srinivasan, chairman and MD of TVS Motor Company, and Uday Kotak, founder, and MD of Kotak Mahindra Bank were among the influential nominees for the honor.
She was a was feminist who also is a style icon for many other women worldwide. She was very involved with a variety of women’s advocacy groups. Women’s rights are important, and it’s also a great way to inspire women to start businesses. An inspiring quote fron the women by Indu Jain,
“If beginning begins with passion the whole day work results in your success…Let’s do smart work with hard work”