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DB Corp Stage: Growth Date of Investment: 2006
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DB Corp, located in Ahmedabad in the state of Gujarat, India, is one of the largest newspaper groups in India, with a daily circulation of over four million copies across its various publications, including its flagship newspapers Dainik Bhaskar and Divya Bhaskar. Dainik Bhaskar is the second most widely read and circulated Hindi-language newspaper in India with a daily circulation of about three million copies across seven Indian states. Divya Bhaskar is one of the largest Gujarati-language newspapers in India, with a daily circulation of about one million copies.
Since expanding out of its home state of Madhya Pradesh, India, where Dainik Bhaskar has been a dominant leader for many years, DB Corp has attained leadership positions in most major print media markets that it has entered, beginning with the state of Rajasthan in 1996, and most recently the state of Punjab in 2006. The founders of DB Corp, the Agarwal family, have been able to build the only print media conglomerate in India with leadership in multiple Indian states, in an industry which is highly fragmented and dominated by regional news publications. The company is also diversifying into other forms of media such as magazines and radio, and is well positioned to become a leading media conglomerate in India.
