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Annual Report 2010-11

Financial Statements2




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Contents

Board of Directors 3

Performance Indicators 4

Revenues

EBITDA

Expense & EBITDA to Total Revenue

Revenues from Operations

Aards of Ecellence 6

Letter to Sareolders 8

Financial Statements 9

Directors' Report

Corporate Governance Report

Management Discussion and Analysis

Auditors' Report

Balance Sheet

ProtandLossAccount

Cash Flow Statement

SchedulestoBalanceSheetandProt&LossAccount

SignicantAccountingPoliciesandNotestotheAccounts

Consolidated Financial Statements

Section 212 Report


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Board of Directors:

Dr. Prannoy RoyChairman and Whole-time Director

Mrs. Radika RoyManaging Director

Mr. K V L Narayan RaoGroup CEO and Executive Director

Mr. Amal Gangli

Mr. Vijaya Baskar Menon

Ms. Indrani Roy

Mr. Pramod Basin

Company Secretary and Compliance Ofcer

Mr. Anoop Singh Juneja

AditorsPrice Waterhouse

Building- 8, 7th & 8th Floor,

Tower-B,DLFCyberCity,Gurgaon-122002,HaryanaPhone + 91 124 462 0000

Fax + 91 124 462 0620

Registered Ofce207, Okhla Industrial Estate, Phase-III,

NewDelhi-110020.

Phone+91 11 - 4617 6300, 4617 6552Fax+91 11 - 41735110

Adit CommitteeMr. Amal Ganguli-Chairman

Mr. Vijaya Bhaskar Menon

Ms. Indrani Roy

Mr.KVLNarayanRaoMr. Pramod Bhasin

Remneration CommitteeMr. Vijaya Bhaskar Menon-Chairman

Mr. Amal Ganguli

Ms. Indrani Roy

Sareolders and Investors

Grievance CommitteeMs. Indrani Roy-Chairperson

Dr. Prannoy Roy

Mrs. Radhika Roy

Mr.KVLNarayanRao

ESOP & ESPS CommitteeMrs. Radhika Roy

Mr. Vijaya Bhaskar Menon

Ms. Indrani Roy

Board of Directors


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NEw DELhI TELEVISION LIMITED

ExPENSES AS % TO TOTAL REVENuE

Performance Indicators


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REVENuES FROM OPERATIONS

Performance Indicators




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Financial Statements6 Awards of Excellence

Aards of Ecellence: 2010-2011

Commonealt Broadcasting Association Aards2010

One World Media Award for Extending Audience Reach

TheGreenathon:SmeetaChakrabartiandPriyanka Kaul, Special Projects

CBA-IBC Award for Innovative Engineering

Yoda Multi Production System in a laptop: Jay Chauhan

Roll of Honour

Mr.KVLNarayanRao

NDTV 24x7

Nes Television Aards (NT Aards) 2010

Best Public Debate Show-English

The Big Fight

Best Entertainment Feature-English

SharukhisofVienna(SutapaDeb)

Best News Talk Show-EnglishThe Big Fight

Best Business News Program-English

B-School Budget

Best News Documentary (Limited Episodes)-English

SecretLives

Best Sports News Show Presenter-English

NikhilNaz

Indian Nes Broadcasting Aards (INBA) 2010

News Television Editor-in-Chief of the Year 2010

Barkha Dutt

Best News Show of the Year 2010-English

India Decides @ 9

News Show Host of the Year 2010-English

Left,Right&Centre,NidhiRazdan

Best Promo of a Programme/Channel 2010-English

The Shared Experience

Indian Television Academy Aards (ITA) 2010

Best Mini Series

SecretLives

UNFPA- LAADLI Media Awards for Gender Sensitivity

ModernLoveStories,SutapaDebChhoone Do Aasman, Red Dot Productions

NDTV India


Best Presented Popular News Show-Hindi:

Viraat Samundar Ka Sikander

Best Lifestyle & Fashion News Show-Hindi

Aman Ka Zaika

Best Public Debate Show Hindi

Humlog

Best Entertainment Feature- Hindi

JaiJawan(SalmanKhan)

Best Current Affairs Feature- Hindi

Ravish Ki Report

Best Current Affairs Programme

(Home & International)-Hindi

Aman Ka Pul

Best Sports Feature- Hindi

AbDilliDoorNahin(CWGSpecial)

Best Daily Prime Time Newscast-HindiVinodDuaLive

Best Sports News Show Presenter-Hindi

Afshan Anjum

Best TV News Reporter-Hindi

Parimal Kumar


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Financial Statements 7Awards of Excellence

Aards of Ecellence: 2010-2011

Indian Nes Broadcasting Aards, Agst 2010

Best News Documentary of the Year 2010-Hindi

Chhoone Do Aasman

News Reporter of the Year 2010-Hindi

NeetaSharma

Business News Anchor of the Year 2010-Hindi

MehrajDubey

News Shot Host of the Year 2010-Hindi

NidhiKulpati

NDTV Prot

Indian Television Academy Aards (ITA) 2010

Best Quiz Show

Mahindra Auto Quotient

NDTV Good Times

Indian Television Academy Aards 2010

Best Travel Show

Ten Things to Do Before You Say Bye

Best Interstitial

Good Times India

Indian Telly Aards 2010

Best Lifestyle & Fashion Show

I'm Too Sexy For My Shoes

Best Cookery Show

ChakhLeIndia

Best Travel Show

Royal Reservation

Best Videography (Non Fiction)

Festival-CelebratingIndia

world Media Festival Gold Aards 2010

Best Documentary Travel

TheWarriortribesofNagaland

Best Public Relations Culture Interstitials

Good Times India

NDTV Convergence


Best Nes Cannel website

www.ndtv.com




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Financial Statements8 Letter to Shareholders

Dear Shareholders,

India's media, like the nation, is going through a period of 'churn'. Many see the media exposes on bribery and

corruption ... and our leaders being sent to jail ... as depressing evidence of the crisis in our system. But there is an

alternate viewpoint: this is a necessary step for the country to cleanse itself. India will emerge from this stronger and

more mature.

The question is will India's media emerge more mature? In the midst of the cacophony of tabloid news channels,

NDTV remains India's most credible and balanced news network ... which is why advertisers are still willing to pay

a premium over other channels to advertise on NDTV. We believe, with your support as our shareholders, once the

dust has settled and credibility is seen as the most important factor in news reporting, NDTV will be the brand that

survives and remains on top. Brand matters ... and NDTV is India's leading news television brand.

In many ways India's media is in transition from analog to digital. While our media's vibrancy and creativity adds greatlyto our democracy, the bottlenecks created by analog cable distribution as well as local cable monopolies are hurting

the growth of our media. Moreover this leads to high distribution costs which hit the bottom line of most companies.

As India moves rapidly towards newer digital forms of distribution, NDTV and other leading media companies are set

to benet greatly. The digital transformation will include cable-digitization, DTH, 3G mobile and Broadband Wireless

Access amongst others. As a result of these developments, the future is bright for NDTV because a major cost centre

will gradually turn into a source of revenues ... a huge turnaround.

I am also very happy to report that the spirit, teamwork and energy among everyone who works at NDTV is at it's

highest levels. NDTV has been assessed to be number one among all media organizations in India in the list of "Great

Places to Work" . This makes all of us proud as it leads to high quality on air programming.

In addition to being the most credible news network, we are very happy to report to you that NDTV is India's leading

media organisation in pushing for change in India through campaigns on various critical challenges: the environment,

the near extinct tiger, India's dying coastline, our polluted rivers, marks for sports and support my school to name a

few campaigns. On these issues, NDTV has run a series of highly successful television campaigns that have led to

changes in government policy as well as impacted the national attitude towards our environment. We are proud that

this ability to go beyond narrow short term interests and think about the future of India has made NDTV the channel

of choice among the younger generation of viewers in our country.

Once again thank you, our shareholders, for all your support and encouragement. We strive to make you proud of an

organization that is the leading Indian media brand today, tomorrow and for 150 years from now.

Dr. Prannoy Roy

Chairman

Mrs. Radhika Roy

Managing Director




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Financial Statements 9LettertoShareholders

Ne Deli Television Limited




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DIRECTORS REPORT

To Te Members,

Your Directors have pleasure in presenting the Twenty Third Annual Report and Audited Accounts of the Company

forthenancialyearendedMarch31,2011.

Financial Reslts

ThesummarizednancialresultsfortheyearendedMarch31,2011areasfollows:-

Year ended

31.03.2011

(Rs. in Crores)

Year ended

31.03.2011

(Rs. in Crores)

Year ended

31.03.2010

(Rs. in Crores)

Year ended

31.03.2010

(Rs. in Crores)

Standalone Consolidated Standalone Consolidated

Business Income 347.22 418.57 348.38 590.54Other Income 16.63 34.38 7.08 143.15

Total Income 363.85 452.96 355.45 733.69

Prot/(Loss)beforeTax (93.56) (169.95) (18.66) (209.71)

Employee Stock Compensation Expense 1.37 3.39 10.21

ProvisionforTax/Others* 3.71 5.64 1.86 4.98

Share of Minority (4.04) (4.88)

Shareinprotofassociates 1.06 0.61

Exceptional gain on dilution in stake in a

subsidiary 337.06

NetProt/(Loss)afterTax (98.64) (173.89) (20.52) 117.66

Balancebroughtforwardfrompreviousyear (77.93) 87.07 (57.41) (30.59)

Addition on account of merger 1.75 Adjusted against reserve & surplus as per

Scheme of Arrangement of merger

76.18 37.39

Appropriation:

Transfer to General Reserve NIL NIL NIL NIL

Proposed Dividend on Equity Shares NIL NIL NIL NIL

Tax on Dividend NIL NIL NIL NIL

ProtcarriedtoBalanceSheet (98.64) (49.42) (77.93) 87.07

*IncludesDeferredTax(Income)/Expense

Te Year under Revie

Duringtheyearunderreview,theCompanyachievedaturnoverofRs347.22croresandoperatinglossbeforedepreciationinterestandtaxofRs.(46.07)crores.

TheCompanysoperatinglossbeforetaxandESOPcostwasRs.(93.56)crores,operatinglossaftertaxwasRs.(98.64)croresandearningpershareRs.(15.30)(Basic)andRs.(15.30)(Diluted).

AdetailedreviewoftheCompanysoperationshasbeenprovidedintheManagementDiscussionandAnalysisReport,which forms part of this Report.

AuditedconsolidatednancialstatementsfortheyearendedMarch31,2011alsoformapartofthisReport.

Dividend

For the year under review, the Board of Directors do not recommend any dividend.

Deposits

TheCompanyhasnotaccepted/renewedanydepositsfromthepublicduringtheyear.


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Corporate Governance

The Companys Corporate Governance Report is attached and forms a part of this report.

Te Company

Duringtheyear,theCompanyenteredintosignicantagreementsinrespectoffollowingtransactions:

TheCompanythroughitssubsidiaryNDTVNetworksLimitedpurchasedthestakeheldbyNDTVNetworksPlc1.inNDTVLabs Limited,NDTV LifestyleLimited, NDTV ConvergenceLimited, TurnerGeneral EntertainmentNetworksIndiaPrivateLimitedandNGENMediaServicesPrivateLimited.

TheCompany,NDTVNetworksLimitedandNDTVLifestyleHoldingsPrivateLimitedenteredintoanagreement2.withSouthAsiaCreativeAssetsLimitedforsaleof49%oftheCompanysindirectstake(onafullydilutedbasis)intheLifestylebusinessoftheNDTVGroup.

TheCompanyenteredintoadistributionagreementwithStarDen,todistributefourofitschannelsNDTV24x7,3.NDTVProt,NDTVIndiaandNDTVGoodTimesacrossvariousdistributionplatforms.

Sceme of Amalgamation

Duringtheyear,theeightIndiansubsidiariesoftheCompanyviz:NDTVStudiosLimited,NDTVIndiaPlusLimited,NDTVBusinessLimited,NewDelhiTelevisionMediaLimited,NDTVDelhiLimited,NDTVHinduMediaLimited,NDTVNews24X7LimitedandNDTVNewsLimited(collectively,TransferorCompanies)mergedintotheCompany(TransfereeCompany)videorderoftheHonbleHighCourtofDelhidatedNovember8,2010.PursuanttotheCompanyhavingmadenecessarylingsoftheaforesaidordersoftheHonbleHighCourt,withtheRegistrarofCompanies,NCTofDelhiandHaryana,themergerhadtakeneffectfromDecember17,2010.ConsequenttothemergertheauthorizedsharecapitaloftheCompanyhas increased fromRs. 35,00,00,000/- dividedinto 8,75,00,000Equity Shares ofRs.4/-eachtoRs.173,30,00,000dividedinto43,32,50,000EquitySharesofRs.4/-each,w.e.f.December17,2010.

Inadditiontotheabove,theCompanyhadinitiatedstepstosimplifythestructureofitsdirectandindirectsubsidiaries

in India and overseas. As part of this exercise, the Company initiated steps with respect to the liquidation of someofitsoverseassubsidiariesandcompletedtheliquidationofNDTVMiddleEastVenturesFZLLC,UAE,NDTVFourHoldingsAB,SwedenandNDTVNetworksBV,TheNetherlands.NDTVNetworksPlc,theUKsubsidiaryoftheCompany,wasalsoplacedundermembersvoluntarywindingupinMarch2011.

Further,thesubsidiariesoftheCompanyinMauritius,namelyNDTVTwoHoldingsLimitedandNDTVThreeHoldingsLimited,werealsoplacedunderliquidation.Theliquidationprocessfortheseentitiesisexpectedtobeconcludedshortlyandaformalliquidationcerticateisawaited.

Sbsidiary Companies and Grot

Duringtheyear,inordertotransfertheCompanysstakeinnon-newsbusinessofthegroup,heldbyNDTVNetworksPlc,UKtoanIndianentityofthegroup,theCompanysetupNDTVNetworksLimited,itsdirectsubsidiaryinIndia.NDTVNetworksLimitedacquiredtheentiresharecapitalheldbyNDTVNetworksPlcinNDTVLabsLimited,NDTV

ConvergenceLimited,NGENMediaServicesPrivateLimitedandNDTVLifestyleHoldingsPrivateLimited.

Duringtheyear,theCompanyalsosetupNDTVLifestyleHoldingsPrivateLimited.NDTVLifestyleHoldingsPrivateLimitedistheholdingcompanyofNDTVLifestyleLimited,whichownsandoperatesthechannelNDTVGoodTimes.NDTVLifestyleHoldingsPvt.Ltd.,anindirectsubsidiaryoftheCompanyandAstroAllAsiaNetworksPlc,enteredintoanagreementfortheacquisitionof49%stakeintheLifestylebusinessoftheNDTVgroupbySouthAsiaCreativeAssetsLimited,asubsidiaryofAstroAllAsiaNetworks.

Financial Statements of te Sbsidiary Companies

TheMinistryofCorporateAffairs,Governmentof India,videGeneralCircular No.2/2011datedFebruary 8,2011hasgrantedgeneralexemptionunderSection212oftheCompaniesAct,1956,waivingtherequirementtopublishindividualbalancesheets,prot&lossaccounts,director'sreportsandauditor'sreportsofthesubsidiariesandother

documentsotherwiserequiredtobeattachedtotheCompany'saccounts.However,theannualaccountsofthesubsidiarycompaniesandtherelateddetailedinformationshallbemadeavailabletothemembersoftheholding


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andsubsidiarycompaniesseekingsuchinformationatanytime.Theannualaccountsofthesubsidiarycompaniesshallalsobekeptopenforinspectionbyanymemberinitsregisteredofceandthoseoftherespectivesubsidiarycompanies.TheCompanyshallfurnishahardcopyofdetailsofaccountsofsubsidiarycompanies,uponreceiptof

a requisition, from any shareholder.

Employee Stock Option Plan (ESOP-2004)

TheCompanyhadinstitutedtheEmployeeStockOptionPlan-ESOP2004tograntequity-basedincentivestoallitseligibleemployees.TheESOP2004asapprovedbytheshareholdersonSeptember19,2005providesforgrantof4057thousandoptionstoemployeesoftheCompanybytheESOPCommitteeatanexercisepriceofRs.4/-each,representing one share for each option upon exercise. The maximum tenure of these options granted is 7 years fromthe date of grant.

Further, the Company had amended the ESOP 2004 Scheme incorporating a clause giving the employees a right tosurrender the options. Consequently, employees holding options equivalent to 18,01,925 had exercised their right

to surrender.

ThedetailsaspertherequirementsofSEBI(ESOS&ESPS)Guidelines,1999areannexedtoandformpartofthisReport.

Employee Stock Prcase Sceme 2009 (ESPS -2009)

TheCompany hadinstituted theEmployee Stock PurchaseScheme2009(theScheme) foremployees oftheCompanyanditssubsidiariesbygrantingsharesthereunder.Accordingly,theschemewasformulatedinaccordancewiththeSEBI(ESOS&ESPS)Guidelines,1999.

TheschemewasapprovedbytheshareholdersonMarch10,2009,throughapostalballotandprovidesforallotmentof21,46,540(Twentyonelakhsfortysixthousandvehundredandforty)equitysharestotheeligibleemployeesoftheCompanybytheESOP&ESPSCommitteeatanexercisepriceofRs.4/-each.

Duringtheyear,t heCompanyhasallotted11,740equityshares(previousyear17,41,435equityshares)totheeligible

employees, out of 17,64,425 equity shares issued on March 31, 2009.ThedetailsaspertherequirementsofSEBI(ESOS&ESPS)Guidelines,1999areannexedandformpartofthisReport.

Signicant Events and Agreements

GREENAThON - Greenies Eco Aards

Initsendeavortocreateenvironmentalawareness,theCompanyhasbeenorganizinganationwidecampaignNDTVToyotaGreenathon,fortwoconsecutiveyears.Greenathon,initsrstandsecondyears,receivedanoverwhelmingresponse from Bollywood stars, Chief Ministers from different states of India, companies and individuals helping to

raisefundsandlightingupseveralvillagesacrossIndia.EventswereorganizedthroughoutthecountryasapartoftheGreenathoncampaignlikeMuralWallPaintingandplantingoftreesaplingsetc.THENDTVTOYOTAGREENATHON

isIndiasonly24-hourliveeventtobetelecastacrossallNDTVchannels,forpromotingenvironmentalawareness.Duringtheyear,NDTV,inpartnershipwithToyota,announcedtheGreeniesEcoAwards.Theseawardswereaimedat encouraging, acknowledging and awarding the champions of the earth for environmental leadership. It showcased

examplesofexcellenceandbestpracticesinndinginnovativesolutionstoenvironmentalchallenges.Thenominationsfor'NDTV-ToyotaGreeniesEcoAwardswereselectedfromallovertheworld.

ThewinnersofIndiasrstnationalenvironmentawards-GreeniesEcoAwardswereannouncedatanawardceremonyinNewDelhigracedbythePresidentofIndia,Smt.PratibhaDevisinghPatil.

Tigerton - Save Or Tiger

TakingforwardthecampaignSaveOurTigers,NDTVinassociationwithAircelembarkeduponauniqueinitiativetosupportitscampaignSaveOurTigerbytelecastinga12-hourTelethononitsnetworkchannels.Duringthecampaign,

wildlife champions from across the country came forward to extend a hand in saving the national animal, the Indiantiger.Thecampaignambassador,Sh.AmitabhBachchan,highlightedthekeyissuesoftigerconservation.




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As part of the campaign a special show was aired to engage all the key stakeholders and tiger experts to voice their

opiniononwhatneedstobedonetoprotectthetigers.Thecampaignalsoinvolvedongroundeventsandairingofdocumentariespromotingthecauseofprotectingthetiger.NDTVscampaigntosaveourtigersreceivedan

overwhelming response with people from across the country.

The 12-hour Save Our Tigers Telethon raised Rs 5 crore to set up tiger task forces in key reserves across the country.

ForthisNDTVhasbeenjoinedbyadedicatedpartnershippledgefromtheWildlifeConservationTrust(WCT).

world Economic Form Davos

The Company extensively covered 2011 World Economic Forum, held at Davos during January, 2011, where world

dignitaries,economists,politiciansandtopbusinessleadersfromaroundtheworldgatheredtodiscussfreemarketsandtheglobaleconomicrecovery.

Spport My Scool campaign

Initscontinuedeffortstohelpbuildsustainablecommunities,NDTVandCoca-ColaIndiainassociationwiththeir

NGOpartners,UN-Habitat,CharitiesAidFoundation(CAF)andSulabhInternationalembarkeduponauniqueinitiative- Spport My Scool campaign. The campaign aimed to develop over 100 healthy, active and happy schools in

ruralandsemi-urbantownsbyimprovingbasicamenitiesandsubsequentlygeneratingmonetaryresources,hencebenettingover50,000studentsacrossthecountry.

Aspartofaspeciallaunchevent,cricketinglegendandcampaignambassador,Mr.SachinTendulkarunveiledthecampaign

logo.Someoftheothereminentpersonalitiespresenttolendtheirsupporttothecampaignincluded,Sh.KapilSibal,Union

Minister,Ms.RaveenaTandon,actor,Ms.PriyaDuttandMr.SanjayRaut,MembersoftheParliament.

NDTV Campaign to Save Indias Coasts

NDTVhasstartedanewcampaigntoSaveIndiasCoasts.NDTVToyotaEtiosSaveIndiasCoas tisaninitiativetoraise awareness regarding the serious threat to the Indian coastline.

Aspartofthecampaign,NDTVreporterstravelledthelengthofIndiascoastlinetobringtolightthegroundreality,galvanizethelocalpopulationandraisenationalawareness.Aspecialpanelincludingenvironmentalists,politiciansand activists discussed the serious threat that the Indian coastline is under from unplanned development.

FurtherdetailsofthesignicanteventsandagreementsappearintheManagementDiscussionandAnalysisReport,which forms part of this Report.

Directors

In accordance with the provisions of theArticles ofAssociation ofthe Company, Mr. K V LNarayan Rao andMr.AmalGanguli,Directors,areliabletoretirebyrotation,attheensuingAnnualGeneralMeetingandareeligibletobere-elected.

The Board, on the recommendation of remuneration committee, has approved the revision in remuneration of

Mr.K VLNarayanRao,GroupCEOandExecutiveDirector,w.e.f.April1,2011,fortheremainingperiodofhisappointmenti.e.June10,2013.TherevisioninremunerationissubjecttotheapprovalofthemembersoftheCompanyat the ensuing Annual General Meeting and Central Government, if necessary.

Directors Responsibility Statement

Pursuantto therequirementunderSection217(2AA)of theCompaniesAct, 1956 withrespectto theDirectorsResponsibilityStatement,itisherebyconrmed:

1. thatinthepreparationoftheannualaccountsforthenancialyearendedMarch31,2011theapplicableaccountingstandardshavebeenfollowedandtherearenomaterialdepartures;

2. that the Directors have selected such accounting policies and applied them consistently and made judgments

andestimatesthatarereasonableandprudentsoastogivea trueandfairviewofthestateofaffairsofthe

CompanyattheendofthenancialyearandoftheprotorlossoftheCompanyfortheyearunderreview;3. thattheDirectorshavetakenproperandsufcientcareforthemaintenanceofadequateaccountingrecordsin




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accordance with the provisions of the Companies Act, 1956 for safeguarding the assets of the Company and for

preventinganddetectingfraudandotherirregularities;

4. thattheDirectorshavepreparedtheaccountsforthenancialyearendedMarch31,2011onagoingconcernbasis.

Aditors

TheAuditorsoftheCompany,M/s.PriceWaterhouse,CharteredAccountants,holdofcetilltheconclusionoftheensuingAnnualGeneralMeetingoftheCompanyandareeligibleforre-appointment.Theyhaveconrmedthattheirre-appointmentasAuditorsoftheCompany,ifmade,wouldbeinaccordancewiththelimitsspeciedunderSection224(1B)oftheCompaniesAct,1956.

Withreferencetopointno.4oftheAuditorsReporttothemembers,theDirectorsstatethattheCompanyisintheprocessof obtainingthe approval oftheCentralGovernment fortakingitsapproval inrespectofthemanagerialremuneration of the Directors.

TheobservationsoftheAuditorsintheirreportreadtogetherwiththeNotesonAccountsareselfexplanatoryandtherefore, in the opinion of Directors, do not call for any further explanation.

Conservation of Energy, Tecnology Absorption and Foreign Ecange Earnings and Otgo

PursuanttoSection217(1)(e)oftheCompaniesAct,1956readwiththeCompanies(DisclosuresofParticularsintheReportoftheBoardofDirectors)Rules,1988,thefollowinginformationisprovided:

A. Conservation of Energy

YourCompanyisnotanenergyintensiveunit.Howeverregulareffortsaremadetoconserveenergy.

B. Researc and Development

TheCompanycontinuouslymakeseffortstowardsresearchanddevelopmentalactivitieswhere byitcanimprovethe quality and productivity of its programmes.

C. Foreign Ecange Earnings and Otgo

During the year, the Company had foreign exchange earnings of Rs. 15.83 crores (previous year Rs. 11.62

crores).Theforeignexchangeoutgoonsubscription,uplinkingandnewsservicecharges,travelling,consultancy,softwareexpenses,websiteexpenses,repairsandmaintenanceandotherexpensesamountedtoRs.20.85crores(previousyearRs.28.63crores).OutgoonaccountofcapitalgoodsandotherswasRs.4.61crores(previousyearRs.2.72crores).

Personnel

AsrequiredbytheprovisionsofSection217(2A)oftheCompaniesAct,1956,readwiththeCompanies(ParticularsofEmployees)Rules,1975asamended,thenamesandotherparticularsoftheEmployeesaresetoutintheannexureforming part of this report.

TheDirectorsReportisbeingsenttoalltheshareholdersexcludingthisannexure.AnyshareholderinterestedinobtainingthecopyofthisannexuremaywritetotheCompanySecretaryattheregisteredofceoftheCompany.

Acknoledgements

Your Directors express their grateful thanks and appreciation for the assistance and cooperation received from the

investors,shareholders,banksandbusinessassociatesduringtheyearunderreview.YourDirectorsalsowishtoplaceonrecordtheirappreciationfortheexcellentperformanceandcontributionoftheemployeestotheCompanysprogress during the year under review.

For and on bealf of te Board

Place: NewDelhi Dr. Prannoy RoyDate : May 3, 2011 Cairman




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EMPLOYEE STOCK OPTION PLAN (ESOP-2004)

TheCompanyinstitutedtheEmployeeStockOptionPlan- ESOP2004tograntequity-basedincentivestoallitseligibleemployees.TheESOP2004,approvedbytheshareholdersonSeptember19,2005providesforgrantof4,057thousandoptionstoemployeesoftheCompanybytheESOPCommitteeatanexercisepriceofRs.4each,representing one share for each option upon exercise. The maximum tenure of these options granted is 7 years

from the date of grant. The shareholders of the Company had approved the resolution, on March 10, 2009, through

postalballottoamendtheESOP2004schemeforincorporatingaclausegivingtheemployeesarighttosurrenderthe options. Pursuant to the same, employees holding options equivalent to 18,01,925 had exercised their right to

surrender.

DisclosuresincompliancewithClause12oftheSEBI(ESOS&ESPS)Guidelines,1999,asamended,aresetbelow:

S. N. Particlars Details

1. Optionsgrantedduringtheyear(No.) NIL

2. The pricing formula ExercisepriceRs.4/-pershare3. Optionsvested(asofMarch31,2011)(No.) NIL

4. Optionsexercisedduringtheyear(No.) NIL

5. TotalnumberofsharesarisingasaresultofexerciseofOptionsduringtheyear(No.)

NIL

6. (a) Optionslapsed/forfeitedduringtheyear(No.) NIL

6. (b) Optionssurrendered NIL

7. Variation of terms of options Novariationintermsofoptionsduringtheyear

8. Money realized by exercise of Options during theyear(Rs.)

NIL

9. Total number ofOptions inforce (as ofMarch 31,2011)(No.)

NIL

10. Employee wise details of Options Granted to:

(a) SeniorManagementPersonnel During the year under review no Options weregranted to the senior management personnel of the

Company.

(b) AnyotheremployeewhoreceivesagrantinanyoneyearofOptionamountingto5%ormoreofOption granted during that year

Noemployee is inreceiptof the grantin any oneyearofOptionamountingto5%ormoreofOptiongranted during the year.

(c) IdentiedemployeeswhoweregrantedOptions,duringoneyear,equaltoorexceeding1%ofthe

issued capital (excluding outstanding warrantsandconversions)oftheCompanyatthetimeofgrant

Thereisnoemployeewhohasbeengrantedduringone year, equal toor exceeding 1% ofthe issued

capital.

11. Diluted Earning Per Share (EPS) pursuant toissue of shares on exercise of Option calculated

in accordance with Accounting Standard (AS) 20EarningPerShare

Rs.(15.30)




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S. N. Particlars Details

12. Where the Company has calculated the Employee

Compensation cost using the intrinsic value of StockOptions, the difference between the employeecompensation cost so computed and the employee

compensationcostthatshallhavebeenrecognizedif it had used the fair value of Options.

TheimpactofthisdifferenceonprotsandonEPSof the Company

The Company has used intrinsic value method for

calculating the Employee Compensation Cost withrespect to the Stock Options.

If the Employee Compensation Cost for the ESOP

hadbeendeterminedinamannerconsistentwiththeFair Value approach, the Stock Option Compensation

Expenses would remain the same. Accordingly, there

wouldbenoimpactontheLossfortheyearandtheBasic and Diluted EPS of the Company.

13. Weighted average exercise prices and Weighted

average fair value of Options for options whose

exercise price either equals or exceeds or is less

than the market price of the stock

Grant Date Eercise Price weigted

average

fair vale of

options as atte grant date

(Rs.)

June 30, 2005 Rs. 4 209.66

Sept. 19, 2005 Rs. 4 232.13

Dec. 1, 2005 Rs. 4 176.42

April 20, 2006 Rs. 4 250.63

April 20, 2006 Rs. 4 252.35

July 1, 2006 Rs. 4 167.14

Aug 1, 2006 Rs. 4 150.08

Oct 17, 2007 Rs. 4 352.21Oct 17, 2007 Rs. 4 349.79

14. Descriptionofthemethodandsignicantassumptionsused during the year to estimate the fair value of

Options, including the following weighted average

information:

RiskFreeinterestrate(%)Expected life

Expectedvolatility(%)Expected Dividends

The price of the underlying share in market at the

time of option grant

NotApplicable

TheCompanyhasreceivedacerticatefromtheAuditorsoftheCompanythatESOP2004Schemehasbeenimplemented in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and

EmployeeStockPurchaseScheme)Guidelines,1999,andtheresolutionpassedattheExtra-ordinary GeneralMeetingheldonJanuary29,2004andresolution(s)passedattheAnnualGeneralMeeting(s)heldonSeptember22,2004andSeptember19,2005andtheshareholdersoftheCompanyhaveapprovedtheresolutiononMarch10,2009throughpostalballottoamendtheESOP2004schemeforincorporatingaclausegivingtheemployeesarightto surrender the options.




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EMPLOYEE STOCK PuRChASE SChEME (ESPS-2009)

TheCompany hadinstituted theEmployee Stock PurchaseScheme2009(theScheme) foremployees oftheCompanyanditssubsidiariesbygrantingsharesthereunder.Accordingly,theSchemewasformulatedinaccordancewiththeSEBI(ESOS&ESPS)Guidelines,1999.

TheSchemewas approved bytheshareholdersofthe Company,on March 10,2009, throughpostal ballot.TheSchemeprovidesforissueandallotmentofnotexceeding21,46,540EquitySharestotheeligibleemployeesoftheCompanybytheESOP&ESPSCommitteeatanexercisepriceofRs.4/-each.

Duringtheyear,theCompanyallotted11,740EquityShares(previousyear17,41,435EquityShares)totheeligibleemployees, out of 17,64,425 Equity Shares issued on March 31, 2009.

DisclosuresincompliancewithClause19oftheSEBI(ESOS&ESPS)Guidelines,1999,asamended,aresetbelow:

S. N. PARTICuLARS DETAILS

1. ThedetailsofthenumberofsharesissuedinESPSScheme 17,64,425 Equity Shares

2. The price at which such shares are issued ExercisepriceRs.4/-pershare

3. Employee-wisedetailsofthesharesissued/allotedto;

(a) SeniorManagerialPersonnel; DuringtheyearunderreviewNilequityshareswereissued/allotedtotheseniormanagementpersonnelof the Company.

(b) Any other employee who is issued / allottedshares in any one year amounting to 5% ormoreissued/allottedduringthatyear

Noemployeeisinreceiptoftheissued/allottedofequitysharesinanyoneyearamountingto5%ormoreequitysharesissued/allotted duringthatyear;except the following:

Director / Employee(s)

Name

Eqity Sares issed /

allotted dring te year

(2009 10)

(no.)

Mr.KVLNarayanRao 1,37,500

Ms.SmeetaChakrabarti 1,16,700

Total 2,54,200

(c) Identied employees who wereissuedsharesduringanyoneyearequaltoorexceeding1%of the issued capital of the Company at the time

of issuance.

Thereisnoemployeewhohasbeenissuedequityshares during one year equal to or exceeding1%of the issued capital of the Company at the time of

issuance.

4. Diluted Earning Per Share (EPS) pursuant toissuance of shares under ESPS

Rs.(15.30)

5. Consideration received against the issuance of

shares

Rs. 4 per share

TheCompanyhasreceivedacerticatefromtheAuditorsoftheCompanythatESPS2009Schemehasbeenimplemented in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme

andEmployeeStockPurchaseScheme)Guidelines,1999,andtheresolutionpassedby theshareholdersoftheCompanyonMarch10,2009throughpostalballot.




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Corporate Governance




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Auditors Certicate regarding compliance of conditions of Corporate Governance

TotheMembersofNewDelhiTelevisionLimited

WehaveexaminedthecomplianceofconditionsofCorporateGovernancebyNewDelhiTelevisionLimited,forthe

yearended31stMarch,2011,asstipulatedinClause49oftheListingAgreement(s)ofthesaidCompanywithStock

Exchange(s)inIndia.

Thecomplianceof conditionsofCorporateGovernanceisthe responsibilityoftheCompany'smanagement.Our

examinationwascarriedoutinaccordancewiththeGuidanceNoteonCerticationofCorporateGovernance(as

stipulatedinClause49oftheListingAgreement),issuedbytheInstituteofCharteredAccountantsofIndiaand

waslimitedtoproceduresandimplementationthereof,adoptedbytheCompanyforensuringthecomplianceofthe

conditionsofCorporateGovernance.Itisneitheranauditnoranexpressionofopiniononthenancialstatements

of the Company.

Inouropinionandtothebestofourinformationandaccordingtotheexplanationsgiventous,wecertifythatthe

CompanyhascompliedwiththeconditionsofCorporateGovernanceasstipulatedintheabovementionedListing

Agreement(s).

WestatethatsuchcomplianceisneitheranassuranceastothefutureviabilityoftheCompanynortheefciencyor

effectiveness with which the management has conducted the affairs of the Company.

For Price Waterhouse

FirmRegisterationNo.-FRN007568S

Chartered Accountants

Anupam Dhawan

Partner

MembershipNo.-F084451PlaceofSigning:NewDelhiDate : May 3, 2011




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CORPORATE GOVERNANCE REPORT

Companys Pilosopy on Corporate Governance

NDTV is respected in the Industry for its credibility and the professional style of management. The corporategovernancephilosophyoftheCompanyisbasedonintegrity,ethicalvalues,transparency,respectforthelawandcompliance therewith, emphasis on quality and a caring spirit.

TheCompanystronglybelievesthatcorporategovernanceisapre-requisiteforenhancinglong-termshareholdersvalueandconsidersittobeaninternallydrivenneedthatdoesnotmerelyneedtobeenforcedexternally.

The Company is committed to the principles and features of corporate governance and has consistently followed

high standards in all its activities and processes.

Board of Directors

The present strength of the Board is seven, comprising three executive directors including the Chairman, and four

non-executive independent directors. The Board of Directors of the Company is a sound mix of executive andindependent directors to maintain the independence of the Board and to separate the Board function of governance

and management. The Board meets at least four times in a year and more frequently, if deemed necessary, with a

maximumtimegapoffourmonthsbetweenanytwoboardmeetings.Allthefournon-executiveindependentdirectorsareeminentprofessionalshavingexperienceinbusiness,nanceandotherkeyfunctionalareas.

TheCompositionoftheBoardandthenumberofdirectorships,membershipsandchairmanshipofcommitteesasonMarch31,2011,aregivenbelow:

Name of Directors Position Directorsips

eld as on

Marc 31, 2011*

Committee

member-

sip in all

Companies***

Cairmansip

in Committees

ere tey are

Members***

Dr. Prannoy Roy Chairman and Whole-timeDirector(Promoter)**

11 5 2

Mrs. Radhika Roy Managing Director

(Promoter)**10 5 -

Mr.KVLNarayanRao Group CEO and ExecutiveDirector

9 5 2

Mr. Amal Ganguli Non-ExecutiveIndependent Director

15 11 5

Ms. Indrani Roy Non-ExecutiveIndependent Director

3 2 1

Mr. Vijaya Bhaskar

Menon

Non-Executive

Independent Director

2 2 -

Mr. Pramod Bhasin Non-ExecutiveIndependent Director

5 2 -

* IncludesdirectorshipsinallPrivateandPublicIndianCompanies.TheforeignCompaniesandCompainesunderSection25oftheCompaniesAct,1956havenotbeentakenintoaccount.

** Mrs. Radhika Roy, Managing Director of the Company is the wife of Dr. Prannoy Roy, Chairman of theCompany.

***Incomputationofthenumberofcommittees,thecommitteesotherthantheAuditCommitteeandtheShareholdersandInvestorsGrievanceCommitteehavenotbeentakenintoaccount.

Meetings & Attendance

TheBoardmetsixtimesduringthenancialyearunderreviewon-April30,2010,August3,2010,August27,2010,

November2,2010,December27,2010andFebruary11,2011.ThemaximumtimegapbetweenanytwoBoardMeetings was less than four months.


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The presence of Directors at the Board meetings and last AGM was as follows:

Name of te Directors Board Meetings eld

dring te year

Board meetings

attended

weter attended last Annal

General Meeting (AGM)Dr. Prannoy Roy 6 6 Yes

Mrs. Radhika Roy 6 6 Yes

Mr.KVLNarayanRao 6 6 Yes

Mr. Amal Ganguli 6 3 Yes

Ms. Indrani Roy 6 5 Yes

Mr. Vijaya Bhaskar Menon 6 5 No

Mr.PramodBhasin* 6 5 No

*AppointedasDirectorw.e.f.April30,2010

Noneofthedirectorsisamemberofmorethantencommitteesoractsasthechairmanofmorethanvecommittees

inallPubliccompaniesinwhichtheyaredirectors.

Thedetailsofdirectorships/committeemembershipsarebasedonthedisclosuresreceivedfromthedirectors.

Adit Committee

TheprimaryresponsibilityoftheAuditCommitteeistomonitorandprovideeffectivesupervisionofthemanagementsnancialreporting process, to review thequality and reliability of theinformation used by the Board.TheAuditCommittee also focuses on the adequacy and appropriateness of the internal controls of the Company. The functions

of the Audit Committee include the following:

OverseeingtheCompanysnancialreportingprocess.

Recommending to the Board, the appointment, re-appointment or removal of the statutory auditors and their

remuneration.

Reviewing,withthemanagement,thequarterlyandannualnancialstatementsbeforesubmissiontotheBoard for approval.

Considering and approving changes, if any, in accounting policies and practices.

Overseeingcompliancewithlistingandotherlegalrequirementsrelatingtonancialstatements.

Reviewing the adequacy of the internal audit function and its operation.

Reviewingthendingsofanyinternalinvestigationsbytheinternalauditors.

Discussionwithstatutoryauditorsbeforetheauditcommences,aboutthenatureandscopeofauditaswellas post-audit discussion to ascertain any area of concern.

ReviewofManagementDiscussionandAnalysisofnancialconditionandresultsofoperations.

Reviewofstatementofsignicantrelatedpartytransactions,submittedbymanagement.

Approval of appointment of CFO (i.e., the whole-time Finance Director or any other person heading the

nancefunctionordischargingthatfunction)afterassessingthequalications,experience&background,etc. of the candidate.

ThetermsofreferencestipulatedbytheBoardtotheAuditCommitteeareasperClause49oftheListingAgreementandSection292AoftheCompaniesAct,1956,besidesothertermsformulatedbytheBoard.

The Audit Committee of the Board of Directors, as of March 31, 2011, is made up of the following directors:

Name of te Directors Category Position

Mr. Amal Ganguli Non-ExecutiveIndependentDirector Chairman

Mr. Vijaya Bhaskar Menon Non-ExecutiveIndependentDirector Member

Ms. Indrani Roy Non-ExecutiveIndependentDirector Member

Mr. Pramod Bhasin Non-ExecutiveIndependentDirector Member

Mr.KVLNarayanRao Group CEO and Executive Director Member




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Mr. Anoop Singh Juneja, Company Secretary is the Secretary to the Committee.

Four Meetings of the Audit Committee of the Company were held during the year on April 30, 2010, August 2, 2010,

November2,2010andFebruary8,2011.

TheattendanceofCommitteeMembersattheAuditCommitteemeetingswereasfollows:

Name of te Director No. of Committee meetings attended

Mr. Amal Ganguli 4

Mr. Vijaya Bhaskar Menon 4

Ms. Indrani Roy 4

Mr.PramodBhasin* 2

Mr.KVLNarayanRao 4

*AppointedasmemberofAuditCommitteeattheBoardmeetingdatedApril30,2010

CEO/CFO CerticationTheCompanyisfullycognizantoftheneedtomaintainadequateinternalcontroltoprotectitsassetsandinterestsandforintegrityandfairnessinnancialreportingandiscommittedtolayingdownandenforcingsuchcontrolsofappropriatesystemsandprocedures.TowardsthistheCEOandtheCFOhavecertiedtotheBoardbyplacingacerticateontheinternalcontrolrelatedtothenancialreportingprocessduringtheyearendedMarch31,2011.

Remneration Committee

The Remuneration Committee of the Board of Directors reviews, recommends and approves the matters connected

withxationandperiodicrevisionoftheremunerationpayabletotheExecutiveDirectors.

The Remuneration Committee is made up of the following Directors as on March 31, 2011:

Name of te Director Category PositionMr. Vijaya Bhaskar Menon Non-ExecutiveIndependentDirector Chairman

Mr. Amal Ganguli Non-ExecutiveIndependentDirector Member

Ms. Indrani Roy Non-ExecutiveIndependentDirector Member

Mr. Anoop Singh Juneja, Company Secretary acts as Secretary to the Committee.

During the year under review, no meeting of the Remuneration Committee was held.

Remneration Policy

TheremunerationpolicyoftheCompanyisaimedatrewardingperformance,basedonreviewofachievementsonaregularbasisandisinconsonancewiththeexistingindustrypractice.

The remuneration paid to executive directors during the year is as follows: (Amont in Rs.)

Name of te Director Salary* Perqisites Total

Dr. Prannoy Roy 57,98,404 2,13,236 60,11,640

Mrs. Radhika Roy 57,98,404 2,13,236 60,11,640

Mr.KVLNarayanRao 79,26,149 1,72,930 80,99,079

Total 1,95,22,957 5,99,402 2,01,22,359

*Salaryincludesallowancesandcontributiontowardsprovidentfund.

In addition, Directors have received directors fees aggregating Rs. 13,509 thousand (previous year received payment

onaccountofdilutiononconversionofCCPSofasubsidiary,directorsfeesandex-gratiaaggregatingRs.61,288thousand)fromitsoverseassubsidiaries.

Further, remuneration of the previous year amounting to Rs. 8,303 thousand paid to Director that exceeds theminimumremunerationpayableduetoinadequacyofprots,subjecttotheCentralGovernmentsapproval.




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Non-executivedirectorsarepaidsittingfeesforattendingmeetingsoftheBoardandanyCommitteethereof.Thedetails of the sitting fees paid to the non-executive directors during the year, is as under:

(Amont in Rs.)

Name of te Director Sitting Fee

Mr. Amal Ganguli 2,20,000

Ms. Indrani Roy 1,80,000

Mr. Vijaya Bhaskar Menon 1,80,000

Mr. Pramod Bhasin

Total 5,80,000

Inviewofthedutiesandresponsibilitiesundertakenbythem,inaccordancewiththeprovisionsoflawandtheoperatingneedsoftheCompanyandasapprovedbytheshareholders,theCompanymadeanapplicationtotheCentral Government for payment of remuneration to the non-executive directors for the year ended March 31, 2010,

forasumofRs.25.00lacsasperdetailsbelow.TheapplicationwasapprovedbytheCentralGovernmenton

October29,2010.Accordingly,independentdirectorswerepaidremunerationsubsequentlyonJanuary17,2011,asshownbelow:

(Amont in Rs.)

1. Mr. Amal Ganguli : 12,00,000

2. Ms. Indrani Roy : 5,50,000

3. Mr. Vijaya Bhaskar Menon : 7,50,000

EquitysharesoftheCompanyheldbythenon-executivedirectorsasonMarch31,2011areasfollows:

Name of te Director Category Nmber of sares eld

Mr. Amal Ganguli Non-ExecutiveIndependentDirector Nil

Ms. Indrani Roy Non-ExecutiveIndependentDirector NilMr. Vijaya Bhaskar Menon Non-ExecutiveIndependentDirector Nil

Mr. Pramod Bhasin Non-ExecutiveIndependentDirector Nil

Sareolders and Investors Grievance Committee

The Shareholders and Investors Grievance Committee comprised the following directors as on March 31, 2011:

Name of te Director Category Position

Ms. Indrani Roy Non-ExecutiveIndependentDirector Chairperson

Dr. Prannoy Roy Chairman & Whole-time Director Member

Mrs. Radhika Roy Managing Director MemberMr.KVLNarayanRao Group CEO and Executive Director Member

Mr.AnoopSinghJuneja,CompanySecretaryistheSecretarytotheCommitteeandtheComplianceofceroftheCompany.

The Shareholders and Investors Grievance Committee ensures that there is timely and satisfactory redressal of

all investor queries. The Committee approves, oversees and reviews all matters connected with share transfers,

rematerialisation, transposition of securities, redresses shareholders grievances like transfer of shares, non- receipt

ofbalancesheet,non-receiptofdeclareddividendandallsuchacts,thingsordeedsincidentalthereto.TheCommitteealso oversees the performance of the Registrar and Share Transfer Agent and recommends measures for overall

improvement in the quality of service to investors.

During the year seventeen meetings of the Shareholders and Investors Grievance Committee were held.

Thenumberof shareholderscomplaints receivedduring thenancialyear ended March 31,2011 were 14 andall the complaints were resolved to the satisfaction of the shareholders. There were no pending complaints as on

March 31, 2011.


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Code of Condct

TheCompanyinpursuanceoftheSecuritiesandExchangeBoardofIndia(ProhibitionofInsiderTrading)Regulations,1992andtheamendmentstheretohasformulated/revisedaCodeofConductforpreventionofInsiderTrading.Thecodelaysdownguidelines,whichadviseonprocedurestobefollowedanddisclosurestobemadewhiledealingwithshares of the Company and indicate the consequences of non-compliance.

TheCompanyhasalsolaiddownaCodeofConductforBoardmembersandseniormanagementpersonnel.TheCompanyiscommittedtoconductingitsbusinessinaccordancewithapplicablelaws,rulesandregulations,andthehigheststandardsofbusinessethics,andtofullandaccuratedisclosureincompliancewithapplicablelaws,rules&regulations.AlltheBoardmembersandseniormanagementpersonnelhaveafrmedcompliancewiththecodeofconductforthecurrentyear.ThecodeofconductisalsodisplayedonthewebsiteoftheCompanywww.ndtv.com.

Declaration regarding compliance with the Code of Conduct of the Company by Board members and seniormanagement personnel:-

IherebyconrmthattheCompanyhasobtainedfromallthemembersoftheBoardandseniormanagementpersonneloftheCompany,afrmationthattheyhavecompliedwiththeCodeofConductoftheCompanyduringthenancialyear 2010-11.

Place:NewDelhi KVLNarayanRaoDate : May 3, 2011 Group CEO and Executive Director

General Body Meetings

The Annual General Meeting (AGM) is the principal forum for interaction between the management and theshareholders.TheAnnualGeneralMeetingsareheldatDelhiwheretheregisteredofceoftheCompanyissituated.The Company ensures that the notice of the AGM, along with the annual report of the Company is dispatched to the

shareholderswellintimetoenablethemtoparticipateinthemeeting.

The location, date and time of the Annual General Meetings of the Company held during the las t three years are

givenbelow: Year Date Time Vene

2007-08 September22,2008 11:30 a.m. SiriFortAuditorium,AugustKrantiMarg,NewDelhi

2008-09 August 20, 2009 3.30 p.m. AirForceAuditorium,SubrotoPark,NewDelhi

2009-10 August 4, 2010 3.30 p.m. AirForceAuditorium,SubrotoPark,NewDelhi

Eleven(11)specialresolutionswerepassedbyshowofhandsbytheshareholderspresentatthelastthreeAnnualGeneralMeetings.TheChairmanoftheAuditCommitteewaspresentatalltheaboveAGMs.

Disclosres

Companies within the same Group(a)

Dr.Prannoy Roy,Mrs.Radhika Roy,RRPRHoldingPrivateLimitedandNDTVInvestmentsPrivate Limited,thetwonamedcompanieshavingtheirregisteredaddressesatE-186,Basement,GreaterKailash-I,NewDelhiand207,OkhlaIndustrialEstate,Phase-III,NewDelhi,respectively,aremembersofthesamegroupwithinthemeaning of the Monopolies and Restrictive Trade Practices Act 1969.

(b) RelatedPartyTransactions

The Company has not entered into any transaction of a material nature with its promoters, directors or the

management,theirrelativesorsubsidiariesoftheCompanyetc.thatmayhaveanypotentialconictwiththeinterests of the Company.

CompliancesbytheCompany(c)

The Company is in compliance with the various requirements of the Stock Exchanges, SEBI and other statutory

authoritiesonallmattersrelatingtothecapitalmarket.Duringtheyear2010-11,nopenalties/strictureswereimposedontheCompanybytheStockExchangesorSEBIoranystatutoryauthorityonanymatterrelatedtothe capital market.




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(d) Non-Mandatoryrequirements

Therelevantclausestatesthatthenon-mandatoryrecommendationsmaybeimplementedasperthediscretionof the Company. The Company has adopted the non-mandatory recommendation as regards the Remuneration

Committee.

Means of Commnication

The quarterly results of the Company are published in Financial Express/Business Standard (English(a)dailies)and inJansatta/Business Standard(Hindidailies) andare also available onthe Companys websitewww.ndtv.com.

AsrequiredbyClause54oftheListingAgreement,theCompanymaintainsafunctionalwebsite(b) www.ndtv.comcontainingbasicinformationabouttheCompanye.g.detailsofitsbusiness,nancialinformation,shareholdingpattern,compliancewithcorporategovernance,contactinformationofthedesignatedofcialshandlinginvestorgrievances.TheCompanyalsoensuresthatthecontentsofthesaidwebsiteareupdatedatanygivenpointoftime.

GENERAL ShAREhOLDER INFORMATION

Annal General Meeting (AGM)

The 23rdAnnualGeneralMeetingoftheCompanywillbeheldon:

Day, Date and Time: Wednesday the 3rd day of August, 2011 at 3.30 p.m

Venue:AirForceAuditorium,SubrotoPark,DhaulaKuan,NewDelhi-110010

Financial Calendar

ThenextnancialyearoftheCompanyisApril1,2011toMarch31,2012.

ThequarterlyresultswillbeadoptedbytheBoardofDirectorsinaccordancewiththefollowingschedule:

For te Qarter ending Time period

June 30, 2011 last week of July 2011

September30,2011-(resultsforthequarteraswellasHalfyear) 4thweekofOctober,2011

December31,2011 1stweekofFebruary,2012

March31,2012(yearending) 1st week of May, 2012

Book Closre

ThebookclosureperiodisfromThursday,July28,2011toWednesday,August3,2011(bothdaysinclusive).

Listing on Stock Ecanges and te Stock Code allotted:

The Equity Shares of the Company are listed on the following Stock Exchanges:

(a) BombayStockExchangeLimited(BSE)PhirozeJeejeebhoyTowers,DalalStreetMumbai-400001.

(b) NationalStockExchangeofIndiaLimited(NSE)ExchangePlaza,BandraKurlaComplex,Bandra(E),Mumbai-400051.

TheStockCodesallottedbytheseStockExchangesareasfollows:

Name Code

BombayStockExchangeLimited 532529

NationalStockExchangeofIndiaLimited NDTVEQDematISINNumbersinNSDLandCDSL INE155G01029




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Thelistingfeeforthenancialyear2011-12hasbeenpaidtoBombayStockExchangeLimitedandNationalStockExchange ofIndia Limited.TheCompanyhas also paid annualcustodian fee for the year 2011-12 toNSDL &CDSL.

Market Price Data (Face vale of Rs. 4/- per sare)

Mont Bombay Stock

Ecange Limited

(In Rs. per sare)

National Stock

Ecange of India Limited

(In Rs. per sare)

hig Lo hig Lo

April 2010 131.40 115.00 131.50 117.20

May 2010 123.00 91.30 121.85 96.00

June 2010 115.40 90.30 114.70 90.25

July 2010 115.55 102.15 115.60 102.65

August 2010 130.00 100.25 130.30 98.20

September2010 119.90 107.35 119.85 107.00

October2010 117.00 101.20 116.80 102.10

November2010 109.45 85.00 109.45 83.15

December2010 95.00 79.25 95.00 80.00

January 2011 90.80 73.00 90.60 73.00

February2011 78.45 65.10 78.90 65.10

March 2011 76.95 65.00 77.50 62.25

Performance in comparison to BSE Sense


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Sareolding Pattern

The shareholding pattern of the Company as on March 31, 2011 is as under:

NAME OF ThE COMPANY : NEw DELhI TELEVISION LIMITEDSCRIP CODE : 532529-NDTV NAME OF ThE SCRIP : NEw DELhI TELEVISION LIMITED CLASS OF SECuRITY :

EQuITY

NOT APPLICABLE

Partly paid-p sares No. of partly paid-p sares As a % of total no. of partly

paid-p sares

As a % of total no. of

sares of te Company

Heldbypromoter/promotergroup 0 0 0

Heldbypublic 0 0 0

Total 0 0 0

Otstanding convertible secrities: No. of otstanding

secrities


otstanding convertible

secrities


sares of te Company

assming fll conversion of

te convertible secrities

Heldbypromoter/promotergroup 0 0 0Heldbypublic 0 0 0

Total 0 0 0

warrants: No. of arrants As a % of total no. of

arrants


sares of te Company,

assming fll conversion of

arrants

Heldbypromoter/promotergroup 0 0 0

Heldbypublic 0 0 0

Total 0 0 0

Total paid-up capital of the Company,

assuming full conversion of warrants

andconvertiblesecurities

Category

code

Category of

sareolder

Nmber

of sare-

olders

Total

nmber

of sares

Nmber

of sares

eld in

demateri-

alized form

Total sareolding

as a percentage of

total nmber of

sares

Sares pledged

or oterise

encmbered

As a

percentage

of (A+B)

As a

percentage

of (A+B+C)

Nmber

of sares

As a

percentage

(Ix)=(VIII)/

(IV)*100

(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (Ix)

(A) PROMOTER AND

PROMOTER GROuP

(1) INDIAN

(a) Individuals/HinduUndividedFamily

2 20801240 20800831 32.26 32.26 0 0.00

(b) CentralGovernment/StateGovernment(s)

0 0 0 0.00 0.00 0 0.00

(c) Bodies Corporate 1 18813928 18813928 29.18 29.18 0 0.00

(d) FinancialInstitutions/Banks 0 0 0 0.00 0.00 0 0.00

(e) AnyOther(Specify) 0 0 0 0.00 0.00 0 0.00

Sb-Total (A) (1) : 3 39615168 39614759 61.45 61.45 0 0.00

(2) FOREIGN

(a) Individuals(NonResidentIndividuals/ForeignIndividuals)

0 0 0 0.00 0.00 0 0.00

(b) Bodies Corporate 0 0 0 0.00 0.00 0 0.00

(c) Institutions 0 0 0 0.00 0.00 0 0.00

(d) AnyOther(Specify) 0 0 0 0.00 0.00 0 0.00Sb-Total (A)(2) : 0 0 0 0.00 0.00 0 0.00




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Category

code

Category of

sareolder

Nmber

of sare-

olders

Total

nmber

of sares

Nmber

of sares

eld in

demateri-alized form

Total sareolding

as a percentage of

total nmber of

sares

Sares pledged

or oterise

encmbered

As a

percentage

of (A+B)

As a

percentage

of (A+B+C)

Nmber

of sares

As a

percentage

(Ix)=(VIII)/

(IV)*100

(I) (II) (III) (IV) (V) (VI) (VII) (VIII) (Ix)

Total Sareolding of

Promoter and Promoter

Grop (A)=(A)(1)+(A)(2)

3 39615168 39614759 61.45 61.45 0 0.00

(B) PuBLIC ShAREhOLDING NA NA

(1) INSTITuTIONS NA NA

(a) MutualFunds/UTI 2 596854 596854 0.93 0.93

(b) FinancialInstitutions/Banks 4 164957 164957 0.26 0.26

(c) CentralGovernment/StateGovernment(s)

0 0 0 0.00 0.00

(d) Venture Capital Funds 0 0 0 0.00 0.00

(e) Insurance Companies 0 0 0 0.00 0.00

(f) Foreign Institutional Investors 8 11389498 11389498 17.67 17.67

(g) Foreign Venture CapitalInvestors

0 0 0 0.00 0.00

(h) AnyOther(Specify) 0 0 0 0.00 0.00

Sb-Total (B)(1) : 14 12151309 12151309 18.85 18.85

(2) NON-INSTITuTIONS NA NA

(a) Bodies Corporate 769 3737729 3737729 5.80 5.80

(b) Individuals

(i)Individualshareholdersholding nominal share

capital up to Rs.1 lakh

35150 7347762 7328467 11.40 11.40

(ii)Individualshareholdersholding nominal share

capital in excess of Rs.1

lakh

21 1283950 1283950 1.99 1.99

(c) AnyOther(Specify)

ClearingMembers 136 174935 174935 0.27 0.27

NonResidentIndians 231 158814 158814 0.25 0.25

Trust 3 1600 1600 0.00 0.00

Sb-Total (B)(2) : 36310 12704790 12685495 19.71 19.71

Total Pblic Sare holding

(B)=(B)(1)+(B)(2)

36324 24856099 24836804 38.55 38.55 NA NA

Total (A)+(B) 36327 64471267 64451563 100.00 100.00

(C) Sares eld by cstodians

and against ic

Depository Receipts ave

been issed

0 0 0 NA 0.00 NA NA

(1) Promoter and Promoter

Grop

(2) Pblic

GRAND TOTAL (A)+(B)+(C) : 36327 64471267 64451563 100.00 100.00 0 0.00

NA: Not Applicable




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Distribtion of Sareolding, as on Marc 31, 2011 is as nder:

Category Sareolders Face vale of Rs.4/- per sare

Nmber % Amont (Rs.) %

1-5000 35,221 96.96 1,55,32,788 6.02

5001 - 10000 462 1.27 34,10,480 1.32

10001 - 20000 286 0.79 43,21,200 1.68

20001 - 30000 112 0.31 26,99,424 1.05

30001 - 40000 82 0.23 28,57,644 1.11

40001 - 50000 49 0.13 21,75,260 0.84

50001 - 100000 66 0.18 42,44,788 1.65

100001&Above 49 0.13 22,26,43,484 86.33

Total 36,327 100 25,78,85,068 100.00

Dematerialization of Sare and Liqidity

AsonMarch31,2011only19,704sharesconstituting0.03%ofthetotalequitycapitalare inphysicalform.ThesharesofNewDelhiTelevisionLimitedareactivelytradedonStockExchanges.

Employee Stock Option Plan (ESOP 2004)

TheCompanyhadinstitutedtheEmployeeStockOptionPlan-ESOP2004tograntequity-basedi ncentivestoallitseligibleemployees.TheESOP2004asapprovedbytheshareholdersonSeptember19,2005providesforgrantof4,057thousandoptionstoemployeesoftheCompanybytheESOPCommitteeatanexercisepric eofRs.4/-each,representing one share for each option upon exercise. The maximum tenure of these options granted is 7 years from

the date of grant.

Further, during the earlier years, the Company has amended the ESOP 2004 Scheme incorporating a clause giving

the employees a right to surrender the options. Consequently, employees holding options equivalent to 18,01,925

have exercised their right to surrender.

The details as per the requirements of SEBI (ESOS & ESPS) Guidelines, 1999 are annexed to the DirectorsReport.

Employee Stock Prcase Sceme 2009 (ESPS 2009)

Duringtheyear2008-2009,theCompanyhadinstitutedtheEmployeeStockPurchaseScheme2009(theScheme)foremployeesoftheCompanyanditssubsidiariesbygrantingsharesthereunder.TheschemewasformulatedinaccordancewiththeSEBI(ESOS&ESPS)Guidelines,1999.

TheSchemewasapprovedbytheshareholdersonMarch10,2009,throughapostalballotprocessandprovidesforallotmentof21,46,540equitysharestotheeligibleemployeesoftheCompanybytheESOP&ESPSCommitteeatanexercisepriceofRs.4/-each.

Duringtheyear,theCompanyhasallotted11,740equityshares(previousyear17,41,435equityshares)totheeligibleemployeesoutof17,64,425equitysharesissuedonMarch31,2009.

The details as per the requirements of SEBI (ESOS & ESPS) Guidelines, 1999 are annexed to the DirectorsReport.




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Registrar and Sare Transfer Agent

Registrar and Share Transfer Agent of the Company is:

KarvyComputersharePrivateLimitedUnit:NewDelhiTelevisionLimitedPlotNo.17-24VittalraoNagar,MadhapurHyderabad-500081.Phone : 040-44655000

Fax : 040-23420814

E Mail : [email protected]

Sare Transfer System

Requests for share transfers, rematerialisation and transposition are approved by Shareholders and InvestorsGrievance Committee. The share certicate is returned/ issued within the time period as stipulated under TheCompaniesAct,1956,TheDepositoriesAct,1996,ListingAgreementandotherapplicablerulesandregulations.

TheCompanyhasnotissuedanyGDRs/ADRs/WarrantsoranyConvertibleInstruments.

Addresses for Correspondence

Plant Locations:

The Company does not have any manufacturing or processing plants.

Investors Correspondence:

For transfer of shares in physical form and rematerialisation:

KarvyComputersharePrivateLimitedUnit:NewDelhiTelevisionLimitedPlotNo.17-24VittalraoNagar

MadhapurHyderabad-500081.Phone : 040-44655000

Fax : 040-23420814

E-mail : [email protected]

For Shares held in demat form:

To the respective depository participant.

Any qery on Annal Report:

The Company Secretary

NewDelhiTelevisionLimited

RegisteredOfce:-207, Okhla Industrial Estate, Phase III

NewDelhi-110020.Phone : 011-46176300

Fax : 011-41735110

E-mail : [email protected]

For and on bealf of te Board

Place: NewDelhi Dr. Prannoy Roy

Date : May 3, 2011 Cairman




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Management's Discssion

and Analysis




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MANAGEMENTS DISCuSSION AND ANALYSIS

Key Alliances

NDTVconcludedadenitiveagreementwithasubsidiaryofMalaysianmediagroupAstroAllAsiaNetworksPlcto

createastrategicallianceforlifestylechannelsinIndiainSeptember2010.SouthAsiaCreativeAssetsLimited,a

subsidiaryofAstroAllAsiaNetworksplc,acquireda49percentstakeinNDTVLifestyleHoldingsPrivateLimited,

infusing$40millionintothecompanyintwotranches,valuingthermataroundRs375crore.

InMarch2011,thecompanyhasenteredintoave-yeardealwithSTARIndiaforexclusiverepresentationfor

advertisingsalesforNDTVsnewschannels,inIndia.IthasendeditscontractwithAIDEMVentures.Underthe

airtimesalesalliance,STARwillbethesoleandexclusiverepresentativeofNDTVtoconductadvertisingsalesfor

allNDTVnewschannelsNDTV24x7,NDTVIndiaandNDTVProt.Inadditiontofrontlinesales,StarIndiawillalso

beresponsibleforcommercialback-ofcemanagementsuchastrafc,scheduling,billingandcollections.Itishoped

thatthecombinationoftheNDTVnewsbrandandSTARsleadershipwillunlocksignicantvalueforNDTV.

NDTVtiedup withinternationalchildrenschannel KidsCoforexclusivedistribution;it willrepresentthe channel

acrossIndia,acrossalldigitalplatforms.Thetie-upwillbringchildrensprogrammingtofamiliesintheregion.

Maintaining Dominance

NDTV24x7continuedtobetotallydominantwithamarketleadershippositionintheEnglishNewsgenrewiththree

nationwide surveys showing viewership of 50 per cent to 60 per cent and the other English news channels sharing

40-50percent.( ref:NielsenUMAR,Gfk-MODE).TheNielsenUMARsurvey2009establishedN DTV24x7asthe

mostwatchedEnglishnewschannelwithover60%viewership.IntheEnglishsegment,NDTVP rotmaintainsits

numbertwopositionandiswidelyrecognizedasIndiasmostcredibleandtrustworthybusinessnewschannel.Italso

successfullyhostedtheprestigiousBusinessLeadershipAwardslastyearinMumbaionSeptem ber1,2010,and

wasgracedbytheUnionFinanceMinister,ShriPranabMukherjee.

MovingontotheHindisegment,NDTVIndiaisrecognizedas thenationsonlynon-tabloid,credibleHindinews

channel.ThechannelhasmaintaineditssharedespiteincreasedentertainmentcontentonotherHindinewschannels.

AsaresultadvertisersarepayingahigherratepereyeballperslotthanmanyotherHindichannels.Thisisbecause

NDTV,asaresponsiblemediagroup,hasalwayssteeredawayfromsensationalism.Responsiblejournalismhas

beenthecornerstoneofNDTVsevolutionasthemostcrediblenewsnetwork.

Converging For Grot

Thenancialyear2010-11turnedouttobeasignicantyearforNDTVConvergence.Infact,theinternetandmobile

companyhasposteda48percentyearonyearincreaseinrevenuesforthescalyearendedMarch2011andhas

recordedanetprotfortheyear.Thevariousportalsownedbythedivision--NDTV.com,aswellassubsitesNDTVProt,Khabar,Movies,Cricket,Doctor,Cooks,GoodTimes,andvideositeTubaah--togetherhavereachedarecord

of 286 million page views in March 2011.

Withrapidgrowth,pageviewsofthedifferentportalshaveincreasedbyover100percentinthelastsixmonthsand

isnowtargetingclosetoabillionpageviewsbytheendoftheyear.Thewebsiteisalsoprojectedtostreamabillion

minutesofcontentthisyear.Now,NDTVConvergenceisexpectedtogrowrapidlywith3Gandbroadbandwireless

comingin.NDTVConvergencehasalsobeenaleaderinthemobilespace,workingwithalloperatorsinthe2Gand

3Genvironmentwithadenedapplicationstrategyinplace.Theapplicationswereavailableacrossallplatformsand

devicesbyendofNovember2010.

Videoandmobileremainedareourkeythrustareas.NDTVsiPhoneapplicationwasthenumberoneapplicationin

India,andamongthetoptenappsincountriesliketheUKandUAE.Thecompanyhaslaunchedthedesktopplayer


http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/http://www.reportjunction.com/


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andmobileapplicationsforAndroidandBlackBerryusersinNovember,2010.Thisfollowedthelaunchofapplications

fortheiPadandtheiPhone.TheiPadandiPhoneapplicationshaveconsistentlybeenthetopperformingnewsapps

in India, with 200,000 downloads since the launch.

Further,NDTVMusichasbeenlaunchedinpartnershipwithHungama,themarketleaderintheentertainmentspace.

Indoingso,GroupNDTVhassuccessfullytransformeditselfintoatotalmediaorganization.

widening te world

TherehasbeenaurryofactivitiesatNDTVWorldwide.First,thecompanyenteredintoanagreementwithIndiaCan

forabroadcastjournalismtrainingprogrammethatleveragesthestrengthsofbothpartners.IndiaCanisajoint

venture between Educomp (Indias largest education company) and Pearson (an international media company

withworld-leadingbusinessesineducation,businessinformationandconsumerpublishing).Therstbatchofthe

programmehasbeenlaunchedinNewDelhi.

ThecompanyhasalsobeeninvolvedinthreechannellaunchesforclientswithinIndiaandabroad.Inallthese

projects,NDTVWWprovidesconsultancyonallaspectsofbroadcasttelevisionincludingtechnologydesign,content

planning,operationalsetup,channelbrandingandbroadcasttraining.TheprojectsincludetheIndependentTelevision

forBeximcoGroupinBangladesh,MathrubhumiNewsinHD(HighDenition)forMathrubhumiGroupinKeralaand

SentinelNewsfortheSentinelGroupinAssam.ThelaunchdatesforthechannelshavebeensetforApril,August

and MayJune 2011 respectively.

Itisexpectedthattheexpansionofthissubsidiarywillberapidin2011-12,bothinIndiaandoverseas.

Realigning Global holdings

Tosimplifyinternationalholdings,10percentdirectstakeinNDTVBVand50percentstakeinEmergingMarketsBV

hasbeentransferredtoNDTVNetworksBVandNDTVBVhasbeenmergedwithNDTVNetwork sBVonOctober

15,2010.Also,theshares heldinNDTVLifestyleLimited,NDTVConvergenceLimited,NDTVLabsLimitedandNGENMediaServicesPrivateLimitedbyNDTVNetworksplc.havebeentransferredtostepdownsubsidiariesin

India.Apartfromthis,NDTVNetworksBVandNDTVMiddleEastVenturesFZ-LLCwereliquidated.

Jst Case, Bigger Sccess

Initsthirdedition,theNDTV-ToyotaGreenathonwasbiggerandgreenerasitexpandeditsreachinternationally,with

GreenathonhubsinTokyo,LosAngeles,Toronto,LondonandSydney.Itreceivedanoverwhelmingresponseand

garnered support from all corners of the world, including the countrys leading corporate houses, top Bollywood stars,

musicians,environmentalists,NGOsandeducationalinstitutions.

Some ofthe signicant corporate contributorsincludedPower FinanceCorporation, which adopted 169 villages;

UnionBankofIndiadonatedRs.2croresandadopted100villages.ICICIBankdonatedRs1crorefor90villagesandtheRuralElectricationCorpsignedupfor45villageswithRs90lakhs.TERItookon10villageswhileIMFA

donatedRs10lakh.ShahrukhKhantoppedthelistofcelebritiesbyadopting11villages,whileKaranJohar,Priyanka

ChopraandShahidKapooradoptedvevillageseach.ActorMilindSomanran550kmfromAhmedabadtoMumbai,

in 15 days, to raise awareness for the environment. Also supporting the Greenathon were Environment Minister

JairamRameshandDr.FarooqAbdullah,MinisterforNewandRenewableEnergy.

YearOneofGreenathon(2009)supported56villages,Greenathon2raisedoverRs2.5croresbutthisyearNDTV-

ToyotaGreenathon3 hasgenerated over Rs11crore60 lakhs,that willlightup580 villages.TheNDTV-Toyota

GreenathonCampaignisnowthemostcredibleplatformtogalvanisepeoplewhobelieveinagreenertomorrow.

In2008,NDTVwasthersttodrawtheattentionofcitizensandgovernmenttotherapiddeclineoftigerpopulationin

India. Our signature campaignSaveOurTigersledtothesettingupofSpecialTigerProtectionForcebythePrime




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Minister.Aircelhasadoptedthiscauseonalargerscale.NDTVsassociationwithAircelhasaddedfreshimpetus

tothecampaign.Thehighlightofthecampaignhasbeenthelive,non-stopprogrammingfora dayinDecember

2010dedicatedtotigers,withtheaimofcreatingpublicoutcryandhelpingtoraisefundstoprotectourtigersfrom

extinction.Actor andsuperstarAmitabh Bachchan is thebrand ambassador for thiscampaign.Yesteryears star

Dharmendraurgedthepeopletojointhecampaignanddotheirbit.

The 12-hour Save Our Tigers telethon raised Rs 5 crore to set up tiger task forces in key reserves across the country

- a force that can respond to any emergency. To implement this on the ground we have a dedicated partnership

pledgefrom theWildlife ConservationTrust (WCT).Additionally, The TigerAgenda waspresented to theChief

Ministers of eight states for implementation.

Te winner Takes It All

OnceagainNDTVswepttheNewsTelevisionAwardsfor2010acrossdifferentcategories.ShowssuchasTheBuck

StopsHere,WeThePeople,JaiJawan,TheGameChangers,IndiaDecides@9andTheBigFighthavebaggedNT

Awardsalongwithacoupleofpromotionalcampaignsthathavealsobeenawarded.NikhilNazhasbeenawardedSportsNewsShowPresenteroftheYear.NDTV.comreceivedtheSpecialAwardforBestNewsChannelWebsite.

NDTVIndiabagged10NewsTelevisionAwards--ViraatSamundarKaSikander(BestPresentedPopularNews

ShowHindi),AmanKaZaika(BestLifestyle&FashionNewsShowHindi),HumLog(BestPublicDebateShow

Hindi),JaiJawan(BestEntertainmentFeatureHindi),RavishKiReport(BestCurrentAffairsFeatureHindi),Aman

KaPul(BestCurrentAffairsProgrammeHome&International,Hindi),AbDilliDoorNahi(BestSportsFeature

Hindi),VinodDuaLive(BestDailyPrimeTimeNewscastHindi),AfshanAnjum(BestSportsNewsShowPresenter

Hindi)andParimalKumar(BestTVNewsReporterHindi).

ChhooneDoAasmanwasadjudgedBestNewsDocumentaryintheIndianNewsBroadcastingAwa rds,2010.Neeta

SharmawasawardedtheHindiNewsReporteroftheYear2010.MehrajDubeywontheBusinessNewsAnchorof

theYear2010(Hindi)andNidhiKulpatiwaschristenedNewsShowHostoftheYear2010(Hindi).

TheCommonwealthBroadcastingAssociationAwards2010alsohonouredNDTV24x7thatincludedtheCBA-IBC

Award for Innovative Engineering, One World Media Award for Extending Audience Reach and The Greenathon.

TheRollofHonourwasreservedforMrK.V.L.NarayanRao,CEOofNDTVGroup.

IndiaDecideswasadjudgedtheBestNewsShowoftheYear2010(English)attheIndianNewsBroadcasting

Awards(INBA)2010.TheNewsShowHostoftheYear2010(English)wasNidhiRazdanforLeft,Right&Centre,

andNewsTelevisionEditor-in-ChiefoftheYear2010wasawardedtoBarkhaDutt.NDTVProtssMahendraAuto

QuizwasadjudgedtheBestQuizShowattheIndianTelevisionAcademyAwards(ITA)2010.WhileSecretLives

wontheBestMiniSeriesattheITA2010,SutapaDebwontheUNFPA-LaadliMediaAwardsForGenderSensitivity

forModernLoveStoriesalongwithRedDotProductionsforChhooneDoAasman.

No Mere Pie in te Sky

TelevisionsawatremendousincreaseinthenetDTHsubscriberbasetotalingto28millionattheendof2010

Backedbygrowthinadvertisingandsubscriptionrevenues,thetelevisionindustrygrewby15.5percentin2010and

isexpectedtogrowataCAGRof16percenttotouchINR630billionby2015.Televisionisexpectedtoaccount

foralmosthalfoftheIndianM&Eindustryrevenues,andmorethantwicethesizeofprint,thesecondlargestmedia

sector.

Thedirect-to-home(DTH)marketinIndiaadded10millionsubscribersin2010takingthenumberofactivecustomers

toover23million.DTHachievedrobustgrowthof75percentinnetsubscriberbase.Withtheregulatorypushon

digitization, ongoing 3Grollouts, increasing mobileand broadbandpenetration, themarketfor digitaldistribution

platforms is only expected to grow.




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TheGovernmentsthrustondigitizationandaddressabilityforcabletelevision,isexpectedtoincreasethepaceof

digitizationleadingto tremendousgrowthin DTHanddigitalcable.TRAIhassubmittedrecommendationstothe

governmenttoincreasetheFDIlimitsacrossseveralbroadcastanddistributionplatformsTV,DTHandcable.Asthe

government,regulatorybodiesandmembersoftheindustryactivelyworktogether,reformsthataidthedevelopment

of Indian media companies will act as a catalyst to the growth of the sector.

It All Adds up

TheTVindustrywasintroublethelastfewyears.Advertisingrevenuegrowthhadslowed,contentandcarriagecosts

doubledinthelastfouryears.Payrevenuesstagnatedat10to15percentofthetoplineformostbroadcasters.The

operatingmarginsfortheindustryhalvedinthelastveyears.Thetitleofbeingtheworldssecond-largestcableTV

marketdidnotamounttomucheitherinreturnsforinvestorsorprot

New Delhi Television Ltd 2011

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Transcript of New Delhi Television Ltd 2011