Dish TV explained

DishTV India Ltd.
Type:Public
Traded As:
Isin:INE836F01026
Industry:Satellite television
Founders:-->
Hq Location:Sector 16A, Film City
Hq Location City:Noida, Uttar Pradesh
Hq Location Country:India[1]
Key People:Jawahar Goel (CMD)
Manoj Dobhal (CEO)
Owner:Yes 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%)
Products:Satellite pay television, pay-per-view, streaming television
Revenue: (2020)[2]
Operating Income: (2020)
Net Income: (2020)
Num Employees:407 (2020)
Subsid:d2h
Zing Digital

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.[3] 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.[4] 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.[5] [6] On 22 March 2018, Dish TV completed a merger with Videocon d2h, creating the largest DTH provider in India at the time of merger.

History

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.

Merger with Videocon d2h

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]

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 . The company retained the name of DishTV India Limited after the merger.[14]

Fall of promoters' shareholding

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] [3]

Zing Digital

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.[16]

See also

References

Guide

External links

Notes and References

  1. Web site: Dish TV Contact Info . 2 October 2016 . 18 November 2016 . https://web.archive.org/web/20161118212031/http://www.dishtv.in/Pages/ContactUs/Contact-Info.aspx . live .
  2. Web site: Dish TV Ltd. Financial Statements. moneycontrol.com. 7 January 2021. 9 January 2021. https://web.archive.org/web/20210109141816/https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/dishtvindia/DTV. live.
  3. Web site: Sood . Gopika Gopakumar, Varun . 2021-10-10 . At Dish TV, a Zee/Invesco-like drama is about to unfold . live . https://web.archive.org/web/20211010205706/https://www.livemint.com/companies/news/zeelike-impasse-likely-at-dish-tv-11633889790533.html . 10 October 2021 . 2021-10-10 . mint . en.
  4. Web site: Dish TV makes it to Fortune India 500, 4 biggies exit list . live . https://web.archive.org/web/20120502125046/http://www.mxmindia.com/2011/12/dish-tv-makes-it-to-fortune-india-500-4-media-biggies-exit-list/ . 2 May 2012 . 1 August 2012 . MxM India.
  5. News: Dish TV voted as India's Most trusted DTH Brand . live . 8 December 2014 . https://web.archive.org/web/20180702233346/http://www.dthnews.com/2014/03/dish-tv-voted-as-indias-most-trusted.html . 2 July 2018.
  6. Web site: India's Most Trusted DTH Brands 2014 . dead . https://web.archive.org/web/20141004060145/http://www.trustadvisory.info/mab-14/dth.html . 4 October 2014 . Trust Research Advisory . dmy-all.
  7. News: 10 years of DTH in India: The other electronics revolution. Gupta. Surajeet Das. 2014-01-01. Business Standard India. 2016-10-01. 3 October 2016. https://web.archive.org/web/20161003001033/http://www.business-standard.com/article/companies/10-years-of-dth-in-india-the-other-electronics-revolution-114010100022_1.html. live.
  8. Web site: Ahluwalia. Harveen. Dish TV and Videocon d2h merger gets CCI approval. www.livemint.com/. 18 November 2017. 10 May 2017. 1 December 2017. https://web.archive.org/web/20171201035009/http://www.livemint.com/Companies/FULbZN0PRVxgPcBVeI0nEN/Dish-TV-and-Videocond2h-merger-gets-CCI-approval.html. live.
  9. Web site: Press Trust of India. NCLT approves Dish TV-Videocon D2h merger, to have subscriber base of 27 mn. Business Standard India. 18 November 2017. 27 July 2017. 1 December 2017. https://web.archive.org/web/20171201034532/http://www.business-standard.com/article/companies/nclt-approves-dish-tv-videocon-d2h-merger-to-have-subscriber-base-of-27-mn-117072701774_1.html. live.
  10. News: Govt. approves Dish TV merger with Videocond2h. 2017-12-16. The Hindu. 2017-12-29. en-IN. 0971-751X. 4 March 2020. https://web.archive.org/web/20200304084311/https://www.thehindu.com/business/Industry/govt-approves-dish-tv-merger-with-videocond2h/article21823209.ece. live.
  11. Web site: Dhanjal. Swaraj Singh. Videocon-Dish TV merger may get affected by insolvency case against Videocon Industries. livemint.com/. 11 April 2018. 12 January 2018. 12 April 2018. https://web.archive.org/web/20180412082532/https://www.livemint.com/Companies/A4THURMxplzY6ymJuqbPJK/Videocon-Dish-TV-merger-may-get-affected-by-insolvency-case.html. live.
  12. Web site: Zee's Dish TV to go ahead with Videocon D2H merger. Hindu Business Line. 7 February 2018 . 11 April 2018. en. 12 February 2020. https://web.archive.org/web/20200212165745/https://www.thehindubusinessline.com/news/zees-dish-tv-to-go-ahead-with-videocon-d2h-merger/article22681521.ece. live.
  13. News: Performance Indicators Reports . en . Telecom Regulatory Authority of India . 2018-05-25 . 1 July 2022 . https://web.archive.org/web/20220701221054/https://www.trai.gov.in/release-publication/reports/performance-indicators-reports . live .
  14. Web site: Dish TV India, Videocon d2h merger completed. The Economic Times. 11 April 2018. 22 March 2018. 13 June 2018. https://web.archive.org/web/20180613111939/https://economictimes.indiatimes.com/industry/media/entertainment/media/dish-tv-india-videocon-d2h-merger-completed/articleshow/63414778.cms. live.
  15. News: Dish TV promoters' stake falls to 5.67% . The Economic Times . 2021-10-10 . 10 October 2021 . https://web.archive.org/web/20211010203836/https://economictimes.indiatimes.com/markets/stocks/news/dish-tv-promoters-stake-falls-to-5-67/articleshow/82749888.cms?from=mdr . live .
  16. Web site: Dish TV Launches Zing Digital. 2021-05-18. The New Indian Express. 18 May 2021. https://web.archive.org/web/20210518192754/https://www.newindianexpress.com/cities/kochi/2015/aug/11/Dish-TV-Launches-Zing-Digital-797626.html. live.

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