NDTV announces salary hikes across verticals “higher than industry average”

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Adani Group-owned media company NDTV Ltd on Saturday announced salary increases across all segments of the network following a rigorous and transparent assessment process.

“The overall salary increase is 11.50 percent, well above the industry average,” a statement from NDTV read.

She added that the increase took place just six months after New Delhi Television Ltd (NDTV) joined the Adani Group.

“Attention has been on performance-related merit ratings, consistent with industry best practices designed to ensure that our employees are recognized and compensated based on their performance, and to promote an organization-wide culture of integrity,” NDTV said.

She added that a particular focus in the process has been on younger employees, growing their salaries and charting a career path.

“As the media industry undergoes significant transformation with advances in technology, changing consumer preferences and diversification of viewership, NDTV reaffirms its commitment to staying at the forefront of these transformative changes, innovating and leveraging our expertise to provide our viewers with world-class programming,” he said.

“It is our talented team that will lead the way,” CEO Senthil Chingalvarayan said that the NDTV Group is in the next stage of growth.

“They are the primary force behind NDTV’s success and we are pleased to acknowledge their hard work and commitment with this year’s increases. Our aggressive expansion plan, which includes the introduction of regional language platforms and further advances in the digital space, will provide new opportunities for growth as well as new responsibilities.”

Earlier in May this year, NDTV announced its plans to launch nine news channels in different Indian languages ​​in phases, and its board of directors approved a proposal to obtain permission from the Ministry of Information and Broadcasting for this purpose.

Last December, the Adani Group gained full control of news broadcaster NDTV after acquiring most of the stake of the founders, Prannoy Roy and Radhika Roy, at a premium of nearly 17 per cent over the price it paid to the company’s minority shareholders. .

Adani Group owns more than 64 percent of NDTV.

(Only the title and image for this report may have been reworked by the Business Standard staff; the rest of the content is generated automatically from a shared feed.)