The Indian Express
The Indian Express is an English-language Indian daily newspaper. It is published in Mumbai by Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split between the family members. The southern editions taking the name The New Indian Express, while the northern editions, based in Mumbai, retaining the original Indian Express name, with "The" prefixed to the title.
History of the Indian Express Group
In 1931, the Indian Express was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his "Tamil Nadu" press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of The Free Press Journal, a national news agency.
In 1933 The Indian Express opened its second office in Madurai, launching the Tamil edition, Dinamani. Sadanand introduced several innovations and reduced the price of the newspaper. Faced with financial difficulties, he sold a part of his stake to Ramanath Goenka as convertible debentures. In 1935, when The Free Press Journal finally collapsed, and after a protracted court battle with Goenka, Sadanand lost ownership of Indian Express.
Later Goenka bought the remaining 26% of the company held by Sadanand. The newspaper then came under Goenka's sole control, taking the already anti-establishment tone of the paper to greater heights. Also at that time, it faced stiff competition from the well established The Hindu and the Mail, as well as several other prominent newspapers. In the late 1930s the newspaper's circulation was no more than 2000.
In 1939 Goenka bought Andhra Prabha, another prominent Telugu daily newspaper. The name Three Musketeers was often used for the three dailies. In 1940 the whole premises was gutted by fire. The Hindu, a rival newspaper, helped considerably in re-launching the paper, by getting it printed temporarily at one of its Swadesimithran’s press and later offering its recently vacated premises at 2, Mount Road, which became the landmark Express Estates. This relocation also helped the Express obtain better high speed printing machines. Some claimed the Goenka had deliberately set fire to escape financial embarrassment.
In later years Goenka started the Mumbai edition with the landmark Express Towers as his office when he bought the Morning Standard in 1944. Two years later it became the Mumbai edition of The Indian Express. Later, editions were started in several cities; the Madurai edition in 1957, the Bangalore edition in 1965, and the Ahmedabad edition in 1968. The Financial Express was launched in 1961 at Mumbai, Kannada Prabha (Kannada Daily) at Bangalore in 1965 and a Bangalore edition of the Telugu Daily Andhra Prabha, and Gujarati dailies Lok Satta and Jansatta, from Ahmedabad and Baroda in 1952.
The Delhi edition started was when the Tej group's Indian News Chronicle was acquired in 1951, which in 1953 became the Delhi edition of Indian Express. In 1990 the group bought the Sterling group of magazines, along with it the Gentleman magazine.
After Ramanath Goenka’s demise in 1991, two of the family members split the group into Indian Express Mumbai with all the North Indian editions, while the Southern editions were grouped as Express Madurai Ltd. with Chennai as headquarters.
The Express Group has a Mumbai-headquartered division, which should not be confused with Express Publications Madurai, which has a South Indian chain of newspapers, including The New Indian Express a separate corporate entity from The Express Group.