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Forbes India

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The Indian business and financial media edition of Forbes, operated by Network18.

Last updated August 22, 2026

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Overview

Forbes India is the Indian edition of Forbes, a business-media brand focused on companies, entrepreneurs, investors, executives, markets and economic affairs. It was launched in 2008 as a licensed or locally operated edition serving the Indian market and developed around a magazine-led publishing model. Its principal print product is a fortnightly business magazine, supported by digital publishing through the Forbes India website and related editorial formats. The publication was established during a period when India's expanding private sector, capital markets and consumer economy were generating demand for locally reported business journalism. Forbes India's editorial proposition combines the Forbes name and its association with entrepreneurship and corporate achievement with reporting and analysis focused on Indian companies and personalities. Its subject areas include corporate strategy, finance, technology, start-ups, leadership, wealth, investing, public policy and cultural or social issues connected to business. According to the reference material, the magazine reached circulation of approximately 50,000 copies and generated more than Rs 50 crore in topline revenue at the time described by the source. Those figures are historical and are not treated here as current performance data. The publication has also operated within a wider Network18 media portfolio that includes other magazines and digital properties. Related publications identified in the reference material include Overdrive, Better Photography and Better Interiors. A significant organizational turning point occurred in 2013, when Firstpost, another Network18-owned publication, was merged with Forbes India. Soon afterward, four senior editorial leaders associated with the magazine's growth, including editor-in-chief Indrajit Gupta, were dismissed. The dismissals attracted criticism from journalists and public commentary about the manner in which the exits were handled. R. Jagannathan, formerly the editor of Firstpost, subsequently became editor of Forbes India. His appointment and public comments prompted debate about the publication's editorial direction and its relationship to capitalism, politics and the interests of its corporate owners. Network18 later became associated with Reliance Industries through the conglomerate's ownership interests. This ownership context has been relevant to public discussion of Forbes India's independence and positioning, particularly after the 2013 editorial changes. The available reference material does not establish a complete current ownership structure, circulation figure, revenue figure, executive roster or headquarters location, so those fields are left limited where the evidence is insufficient. Forbes India remains an active India-focused business-media brand with print and digital offerings.

History

Forbes India began publication in 2008 as the Indian edition of Forbes. Its launch reflected the growth of India's corporate sector and the increasing demand for locally focused coverage of business, finance, entrepreneurship and wealth. The publication used the established Forbes identity while developing an editorial agenda centered on Indian companies, executives, investors, technology businesses and economic developments. The core product has been a fortnightly magazine. It has been accompanied by digital publishing through the Forbes India website, allowing the brand to distribute business news, analysis, profiles, rankings and special features beyond the print edition. The available reference material reports historical circulation of about 50,000 copies and topline revenue above Rs 50 crore, although no period is specified sufficiently to present those figures as current metrics. Forbes India has operated within Network18, an Indian media conglomerate. Network18's wider publishing portfolio has included titles such as Overdrive, Better Photography and Better Interiors. The relationship placed Forbes India within a broader group of print, television and digital media activities rather than as an entirely standalone magazine business. In May 2013, Network18 merged Firstpost with Forbes India. The restructuring was followed by the dismissal of four senior editorial leaders who had been credited with helping build the publication, including editor-in-chief Indrajit Gupta. The exits became a subject of substantial media discussion because critics considered the manner of the dismissals humiliating and inappropriate. The Press Club of Mumbai passed a resolution condemning the treatment of the journalists and emphasizing the broader civic role of the press. R. Jagannathan, formerly editor of Firstpost, became the publication's new editor. In an interview discussed in the reference material, he rejected the idea that Forbes should function as an anti-capitalist or non-governmental organization. Those comments, together with the editorial turnover, prompted debate over whether Forbes India's political and economic orientation was changing. Commentators also linked the shift to the growing influence of Reliance Industries, associated with Mukesh Ambani, in the Network18 group. The ownership and editorial questions surrounding the 2013 transition became an important part of Forbes India's public history. They illustrate the tensions that can arise when a prominent business publication operates inside a large corporate media conglomerate: the brand's subject matter concerns corporate power and markets, while its own editorial environment is affected by ownership, restructuring and management decisions. The available sources do not provide a complete account of subsequent editors, current circulation, current revenues or the precise present corporate arrangement. Forbes India is nevertheless identified in the reference material as an active Indian business-media publication with both magazine and digital operations.

  • 2013

    Firstpost merger and editorial restructuring

    [1]

    Firstpost was merged with Forbes India, after which several senior editorial leaders left or were dismissed and R. Jagannathan assumed the editorship.

  • 2008

    Forbes India launched

    [1]

    Forbes India began publication as the Indian edition of Forbes, initially emphasizing a locally focused business magazine serving India's corporate and entrepreneurial audience.

Products and positioning

Business media

  • Print business magazine · 2008

    Forbes India magazine

    The brand's principal print product is a fortnightly magazine covering Indian business, companies, entrepreneurs, investors, markets, technology and leadership. It applies the Forbes editorial identity to an India-specific audience and has historically been associated with business profiles, analysis, rankings and special features.

  • Digital media

    Forbes India digital publication

    Forbes India's website extends the brand beyond the print cycle with online business journalism, company and entrepreneur coverage, financial and economic reporting, commentary and editorial features. The available sources confirm the digital presence but do not provide a reliable breakdown of its current formats, audience or commercial performance.

Controversies

  • 2013

    Controversy over dismissal of senior editorial leaders

    Following the merger of Firstpost with Forbes India, four senior editorial figures involved in the magazine's growth, including editor-in-chief Indrajit Gupta, were dismissed. The treatment of the departing journalists was criticized publicly, including by the Press Club of Mumbai, and the episode prompted debate about editorial independence and corporate media management.

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Brand decisions

  • 2013

    Integration with FirstpostStrategy

    Background

    Network18 was consolidating or reorganizing related editorial operations, and Firstpost was merged with Forbes India.

    Action taken

    The two publications were combined within the Network18 structure, followed by a change in Forbes India's senior editorial leadership.

    Aftermath

    The decision led to the departure or dismissal of four senior editorial leaders, the appointment of R. Jagannathan as editor and public debate over the publication's direction and independence.

Sources1 sources

Cite this profile: Cite the canonical profile. /brand-wiki/forbes-india · Editorial policy · How profiles are compiled