Dish TV makes it to Fortune India 500, 4 biggies exit list
By A Correspondent
Dish TV, the direct-to-home arm of Zee Entertainment features at #5 in the list of media companies in the Fortune India 500 roster of India’s largest corporations.
Dish is at #437 in the overall ranking. Other media companies in the ’500′ are:
Zee Entertainment (#1 media, #256 overall), Sun Network (#2, #347), HT Media (#3, #383) and Network 18 (#4, #413).
Those who don’t feature in this year’s list are Bennett, Coleman & Co, DB Corp, New Delhi Television and Deccan Chronicle Holdings.
Last year, there were eight media companies in the list and their rankings were as follows:
Bennett, Coleman (#1 in media, #162 overall), Zee Ent (#2, #263), Sun (#3, #367), HT Media (#4, $375), Network 18 (#5, #379), DB Corp (#6, #487), New Delhi Television (#7, #490) and Deccan Chronicle (#8, #493).
Companies are ranked by their latest annual audited total income for the financial ending on or before June 30, 2011. Audited results declared before October 31, 2011 have been used.
Clearly, Bennett, Coleman (or The Times of India group) would still be the numero uno media group, but since it is not a listed company and it reportedly had not declared its financial results by Fortune India’s cut-off date, it couldn’t be included in the rankings.
The Fortune India 500 listing is part of the magazine’s December 2011 edition which is due to hit the market on Wednesday.