Bombay Press Club blasts ‘Forbes India’ purge

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The Press Club of Bombay has reacted to the “termination” of services of Forbes India editor Indrajit Gupta, and the “resignation” of his colleagues Charles Assisi, Shishir Prasad and Dinesh Krishnan by the magazine’s India franchisee, Network 18.

The Club has termed the manner of the dismissals of the four journalists “nothing short of shameful”, and curiously , or perhaps not, drawn Reliance Industries chairman Mukesh Ambani into the debate.

The following is the full text of the resolution passed by office-bearers of the Club on Saturday.


“On Monday, May 27 and Tuesday May 28, four of the senior-most editors of Forbes India – editor Indrajit Gupta, Managing editor Charles Assisi, director photography Dinesh Krishnan and executive editor Shishir Prasad – were summarily dismissed from service either by unilateral termination or through resignations extracted by bullying and threats.

“We understand the immediate dispute was over payment of ESOPs that had matured and were due to them, but the HR and business teams thought otherwise.

The method of ejecting them from the company was nothing short of shameful. (emphasis added)

“Journalists are not only messengers of news and information, but are the collective voice of civil society. They have a special place in our democratic polity, especially in the current times of stress and confusion. Surely, this team of editors which has served Forbes India since 2008 deserved better.

“We don’t rule out changes in business plan the Forbes India management may have wanted to make; but there is the way of discourse and negotiation.

Editors with 15-25 years of experience cannot be forced out with a gun on their head.

The episode has shocked journalists throughout the country and shown the Network18 Group in bad light.

“We will be writing to [Reliance Industries chief] Mukesh Ambani, who has a special position of influence in the media group, as well as to the Network18 Group’s MD Raghav Bahl, to appeal to them to reverse this decision and to enter into discussion with the editors so that an amicable solution is found.”


Also read: How the Forbes India editors were forced out


  1. N.Krishnamurthy

    Nice to know for once (again) the editors are at the receiving end. Firstly they ate humble pie fed from the hands of N.Sreenivasan of BCCI. Now Mukesh, I hope, will prove one better.
    Editors, in general, think they are opinion makers; on the other hand they cook-up opinion. In these days it doesn’t take time to see through their machination.
    The days of Khushwant Singh days are over, alas!


    I think we have “MUMBAI MARATHI PATRAKAR SANGH ” and MUMBAI PRESS CLUB (refer ) So does “BOMBAY PRESS CLUB ” mentioned in story above really exist ? or it is nothing but the reporter’s resentment against change from BOMBAY to MUMBAI done way back in 1995.

  3. oommen joseph

    Editors of business papers and journals are generally the ones who echo the wishes of trade and industry organisations and lecture the government on enacting a labour policy that allows hiring and firing at will. Now, when some of them have been axed peremptorily in the very way they have been enthusiastic advocates of, such tears my God.

  4. Raj Kumar

    Aise Vani Bolye Jam Kar Jhagra Hoi
    Par us se na boliye jo aap se tagda hoi

    (Do not fight with those who are stronger than you.)

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