History of The Group
Indian Express was started by an Ayurvedic doctor, Perumal Varadarajulu Naidu, in 1931 at Chennai (then Madras), published by his “Tamil Nadu” press. But soon under financial difficulties he sold it to S. Sadanand, founder of The Free Press Journal, a national news agency.
In 1933 The Indian Express opened its second office in Madurai and launched the Tamil edition Dinamani. Sadanand introduced several innovations and reduced the price, but was later forced to sell part of the stake in form of convertible debentures to Ramanath Goenka due to financial difficulties. Later when The Free Press Journal collapsed in 1935 Sadanand lost the ownership of Indian Express after a long controversial court battle with Goenka, where blows were exchanged between some of the parties.
Read more about this topic: The Indian Express
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