The Company was originally incorporated as ‘Multi-Tech Energy Limited’ under the provisions of the Companies Act, 1956. A certificate of incorporation was issued on October 27, 1995 by the Registrar of Companies (“RoC”) Gwalior, Madhya Pradesh. The certificate of commencement of business was issued on June 26, 1998. Subsequently, the name of the Company was changed to ‘D.B. Corp Limited’ pursuant to shareholders resolution dated November 28, 2005. A fresh certificate of incorporation consequent to the change of name was issued on December 1, 2005 by the RoC. On December 22, 2006, the High Court of Gujarat approved the scheme of arrangement following which the publication business and the windfarm business of Writers and Publishers Limited was transferred to the Company.
It is one of the leading print media companies in India, publishing 7 newspapers, 48 newspaper editions and 128 sub-editions in three languages (Hindi, Gujarati and English) in 11 states in India. Its flagship newspapers, Dainik Bhaskar, Divya Bhaskar and Saurashtra Samachar, have a combined average daily readership of 15.5 million readers, making it one of the most widely read newspaper groups in India. Dainik Bhaskar, with a total average daily readership of 11.7 million readers, is a widely read newspaper in Madhya Pradesh, Chattisgarh, Rajasthan, Haryana, Punjab, and Chandigarh. Divya Bhaskar is the number one Gujarati daily newspaper in terms of circulation in Gujarat.
Its other newspapers are Business Bhaskar, DB Gold and DB Star and, on a franchisee basis, DNA (in Gujarat and Rajasthan). It is one of the fastest growing major newspaper groups in India with a growth in readership of more than 5.0% from 2003 to 2009 (with a combined readership of 15.5 million readers). In addition to newspapers, it publishes 5 periodicals, namely, Aha Zindagi, a monthly magazine published in Hindi and Gujarati, Bal Bhaskar, a Hindi magazine for children, Young Bhaskar, a children’s magazine in English and Lakshya, a career magazine in Hindi. The ownership of newspaper “Dainik Bhaskar” vests with persons other than the promoter group.
The company through its subsidiary, Synergy Media Entertainment (SMEL), has a significant presence in the radio business under the brand name MY FM. Through SMEL, it operates 17 FM radio stations. Through its subsidiary, I Media Corp Limited ('IMCL'), it also operates internet portals and short messaging service (SMS) portals.It has one of the largest newspaper production and distribution platforms in India. It produces its print products at 31 facilities spread across 31 cities, with a total installed capacity of approximately 1.94 million copies per hour. It distributes its newspapers through a multi-tiered distribution and marketing network consisting of city distribution centers, agents, sub-agents, vendors and sub-vendors.
The company sells advertisement space in its publications through advertising agencies as well as directly to underlying customers. It has one of the largest pools of advertisers in India. As of September 2009, it had relationships with 1,552 accredited agencies and 2,745 non-accredited agencies and served approximately 308,134 advertisers in that fiscal year. It strives to maintain strong journalistic integrity and high editorial standards through the editorial and reporting staff, which consisted of 1355 persons as of September 30, 2009 and a sizeable team of freelance journalists.
In May, 2010, the company has approved the proposal to demerge the radio business from its subsidiary, Synergy Media Entertainment into itself.