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Hindustan Media Ventures Ltd.

BSE: 533217 Sector: Media
NSE: HMVL ISIN Code: INE871K01015
BSE LIVE 15:51 | 23 Aug 267.05 -4.80
(-1.77%)
OPEN

269.85

HIGH

271.75

LOW

266.05

NSE 15:31 | 23 Aug 270.05 3.80
(1.43%)
OPEN

266.25

HIGH

270.95

LOW

266.25

OPEN 269.85
PREVIOUS CLOSE 271.85
VOLUME 850
52-Week high 313.50
52-Week low 252.75
P/E 10.16
Mkt Cap.(Rs cr) 1,960
Buy Price 0.00
Buy Qty 0.00
Sell Price 267.05
Sell Qty 18.00
OPEN 269.85
CLOSE 271.85
VOLUME 850
52-Week high 313.50
52-Week low 252.75
P/E 10.16
Mkt Cap.(Rs cr) 1,960
Buy Price 0.00
Buy Qty 0.00
Sell Price 267.05
Sell Qty 18.00

Hindustan Media Ventures Ltd. (HMVL) - Company History

Hindustan Media Ventures Ltd is one of the leading print media companies in India in terms of Readership. The company publishes and prints 'Hindustan', the third largest daily newspaper in India in terms of Readership with a Readership of 9.9 million readers. 'Hindustan' has the largest Readership in key Hindi-speaking markets of Bihar and Jharkhand, with a strong and growing presence in Delhi NCR and the states of Uttar Pradesh and Uttarakhand. 'Hindustan' was one of the fastest growing Hindi daily newspapers in India. 'Hindustan' is published in four editions and 113 sub-editions. 'Hindustan' is presently printed at 17 locations in the states/regions of Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Punjab and Delhi NCR with a total installed rated capacity approximately 0.78 million copies per hour. These printing facilities are located at Agra, Allahabad, Bareilly, Bhagalpur, Dehradun, Delhi NCR, Dhanbad, Jamshedpur, Kanpur, Lucknow, Meerut, Mohali, Muzaffarpur, Patna, Ranchi, Danapur and Varanasi. They distribute their newspapers through a multi-tiered network of agents and vendors. The company also publish two Hindi magazines, 'Nandan', a children's magazine, and 'Kadambini', a general interest magazine. In addition to their Hindi print publications, they also operate the website, www.livehindustan.com, which focuses on providing news in Hindi with regional content. Further, they have also forayed into event management and customized event solutions. In addition to their newspaper, the company also provides supplements in some of their markets to address the specific needs and regional tastes of their readers, while offering advertisers a focused reach to a target audience. Their supplements generally provide specialized content relating to education and entertainment, among others, and cater to a specific target group such as women or children. Hindustan Media Ventures Ltd was incorporated on July 9, 1918 as a public limited company with the name The Behar Journals Ltd. In the year 1919, the company commenced their printing press at Patna. Also, they commenced printing and publishing of English newspaper 'Searchlight'. In the year 1947, the company commenced printing and publication of Hindi daily 'Pradeep' at Patna. In the year 1986, the company commenced printing of Hindi daily 'Hindustan' and the English daily 'Hindustan Times' on behalf of 'The Hindustan Times Ltd' at Patna. Also, they terminated the printing and publication of the Hindi daily 'Pradeep' and the English daily 'Searchlight'. In November 17, 1987 the name of the company was changed from The Behar Journals Ltd to Searchlight Publishing House Ltd in order to capitalize on the name earned by their publication 'Searchlight' which had become synonymous with the company's activities for over 67 years. In the year 2000, the company commenced printing of Hindi daily 'Hindustan' and English daily 'Hindustan Times' from Ranchi location, in terms of a printing agreement with the holding company and publisher of the said publications 'The Hindustan Times Ltd'. The media business comprising of the entire printing and publishing undertakings of HTL except the printing business at New Delhi was transferred to HT Media Ltd with effect from July 1, 2003. Due to this transfer, the company became a subsidiary of HT Media Ltd with effect from July 1, 2003. In November 2008, the name of the company was changed from Searchlight Publishing House Ltd to Hindustan Media Ventures Ltd to reflect the expanded business activities intended to be undertaken by the company. In the year 2009, the company acquired Hindi business from HT Media Ltd comprising of Hindi daily newspaper, 'Hindustan' including 'Ravivasriya Hindustan'; magazines 'Nandan' and 'Kadambini'; and internet portals of the said publications with effect from December 1, 2009.