|Network18 Media & Investments Limited (Network18) was incorporated as a private limited company on 16th February 1996 as `SGA Finance and Management Services Private Limited`. Network18 is one of India`s leading full play media conglomerates with presence in television, print, internet, filmed entertainment, mobile content and allied businesses. Through its holding in Television Eighteen India Ltd (TV18), Network18 operates India`s leading business news television channels, CNBC-TV18 and CNBC Awaaz. It also runs one of India`s largest Internet players - Web18, as well as one of India`s leading real time financial information and news terminals - Newswire18.
The Company was registered as a Non Banking Financial Company (NBFC) with the Reserve Bank of India (RBI) in the year of 2001. SGA News was incorporated as a wholly owned subsidiary of the company in the year 2004 and also in the same year SGA Media Inc was incorporated and converted as a subsidiary. The Company name was changed to `Network 18 Fincap Private Limited` on 12 April 2006. In 2006 itself, SGA News and SGA Media Inc both are ceased to be a subsidiary. Network 18 became the holding company of TV18 pursuant to the Scheme and Launch of Studio 18 in the same year of 2006. The status of the company was converted from private limited to a public limited on 20th October 2006 and the name was subsequently changed to `Network18 Fincap Limited`.
The Company had entered into a Transfer and Assignment Agreement with The Indian Film Company (Cyprus) dated 9th April of the year 2007. During the identical year of 2007, Network18 had launched the event management business division and transferred the business of film production, distribution and marketing as a going concern to Viacom 18 pursuant to a Business Transfer Agreement. The name of the company was further changed from Network18 Fincap Limited to the present one `Network18 Media & Investments Limited` on 1st December of the year 2007. The Company had completed the second stage equity funding of USD 21 million for its Home Shopping Network business Homeshop18 in July of the year 2008.|