Subhash Chandra
Andrew Gombert/EPA/REX/Shutterstock

Essel Group


Often traveling under the initials DSC, Subhash Chandra has come a long way since arriving in Delhi, age 20, with just 17 Rupees (US$0.25) in his pocket. His autobiography, “The Z Factor: My Journey as the Wrong Man at the Right Time,” was published in 2016 and modestly positions Chandra as an outsider. In a country where family dynasties are the dominant forces, Chandra has made his $6 billion fortune on his own. That has much to do with political connections he cultivated along the way and to reinventing himself several times over. He was a rice trader and a leisure park operator before moving into media.

The launch of Zee TV, India’s first private-sector satellite channel, came as a reaction to being snubbed by PCCW boss Richard Li, who dismissed the notion of Hindi-language operations. Zee is now a global TV operator and a major film industry player. A member of the upper house of the Indian parliament since 2016, Chandra also appears weekly on the “Dr. Subhash Chandra Show,” a late night TV series where Chandra mixes up business and youth empowerment themes.


  • Essel Group


  • University of East London (UK)

Variety Honors

  • 2017 Variety500 Honoree


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Another 16% Slice of India’s Zee to be Sold by Essel

Another 16% Slice of India’s Zee to be Sold by Essel

The Essel Group is to sell a further 16.5% stake in Zee Entertainment Enterprise Limited, India’s largest private sector broadcast group. The debt-reduction move comes just months after Essel auctioned off an 11% tranche of ZEEL.“The Group seeks to sell up to 16.5% stake in ZEEL to financial investors, in order to repay loan obligations to certain lenders of the (Essel) Group for whose benefit such shares are currently encumbered (and who have consented to such share sale by the...


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