Indu Jain

Indu Jain (8 September 1936 – 13 May 2021) was an Indian media executive and philanthropist. She belonged to the Sahu Jain family and was the chairperson of India's largest media group, popularly known as The Times Group.

As of 2006, Indu Jain had an estimated net worth of $2.4 billion, making her 317th-richest person in the world. She was involved in philanthropy related to development and disaster relief, as well as literary endeavours.

Career and philanthropy

In 1999, following the death of her husband, publishing magnate Ashok Kumar Jain, Indu Jain became chair of The Times Group, India's largest media group (formally named Bennett, Coleman & Co. Ltd). This group owns ''The Times of India'' and other newspapers and media outlets. In 2012, the Times Group employed 11,000 people, and controlled 38 percent of the Indian newspaper market. The key to the success of the Times Group is that the newspapers are not about investigative reporting, but selling advertisements with large parts of the papers dedicated to Bollywood and paid editorials.

According to ''Forbes''s 2006 rankings, Indu Jain had a net worth of $2.4 billion and was the 317th-richest person in the world. In 2006, Indu Jain filed charges against ''Forbes'' for breach of privacy and stated that the estimates were speculative. The Delhi High Court dismissed the case in October 2007. As of 2007, she was estimated to be the richest woman in Asia.

In 2000 Jain founded The Times Foundation, which she also chaired. The Times Foundation runs Community Services, Research Foundation and Times Relief Fund for relief from disasters such as floods, cyclones, earthquakes and epidemics. In 2000, Jain addressed the Millennium Peace Summit of Religious and Spiritual Leaders at the United Nations.

Jain was founder and president of the ladies' wing of FICCI ( FLO) as of March 2017. From 1999 to her death, she chaired the Bharatiya Jnanpith Trust, a literary organization founded by her father-in-law Sahu Shanti Prasad Jain in 1944. The Trust administers the Jnanpith award, the highest honour for authors writing in Indian languages.

Jain was an author, publishing a two-volume ''Encyclopedia of Indian Saints and Sages'' in 2012 and 2019. Co-authored with N. K. Prasad and published by Times Group Books, the second instalment was launched at an event for World Environmental Day with religious leaders.

Awards

Indu Jain was awarded the Padma Bhushan by the government of India in January 2016.

In November 2019, she received the Lifetime Achievement award from the Institute of Company Secretaries of India "for translating excellence in corporate governance into reality".

She also won a Lifetime Contribution to Media award from the All India Management Association in 2018 as part of the group’s annual Managing India Awards for excellence in leadership and nation building. She won a Lifetime Achievement Award from the Indian Congress of Women.

Personal life

Indu Jain was married to Ashok Kumar Jain, with whom she had two sons, Samir and Vineet Jain, and a daughter.

She died on 13 May 2021 in Delhi due to complications from COVID-19.

References

{{DEFAULTSORT:Jain, Indu
1936 births
2021 deaths
20th-century Indian businesswomen
Businesspeople from Uttar Pradesh
Deaths from the COVID-19 pandemic in India
Female billionaires
Indian billionaires
Indian mass media owners
People from Faizabad
Recipients of the Padma Bhushan in trade and industry
The Times Group people
The Times of India
Indian Jains