The alleged sexual assault by Tehelka Editor-in-chief Tarun Tejpal on a young journalist, who has now resigned from the magazine, has brought the well-known journalist's business under the scanner.
Think 2013, the brainstorming festival organised by Tejpal in Goa during which the alleged incident took place, had a distinguished set of speakers: Robert De Niro, VS Naipual, Amitabh Bachchan, Javed Akhtar, Farooq Abdullah, Nandan Nilekani, Vinod Rai and Medha Patkar, to name a few, and even Abdul Salam Zaeef, a founder member of the Taliban.
To put together such a distinguished list of guests and host them for three days in five-star comfort would have cost Tejpal a lot of money.
How did a magazine, which made losses in excess of Rs 16 crore in 2010-11 and Rs 10 crore in 2011-12 (the last year for which such information is available) and has cumulative losses of Rs 66 crore on its books, according to information available with the ministry of corporate affairs, manage to bankroll it?
Though it appeared that the festival was organised by the magazine, and many sponsors believed it to be so, it was actually under a separate company called Thinkworks.
Text: Sundaresha Subramanian & Manu Balachandran, Business Standard
Image Courtesy: taruntejpal.com