Prannoy Lal Roy, an emblem of Indian television journalism’s evolution, was born on October 15, 1949, in Calcutta, West Bengal. His dynamic career as an economist, chartered accountant, psephologist, journalist, and author has profoundly shaped the Indian media landscape.
Early Life and Education
Roy hails from a lineage of achievers, with his father, P. L. “Hurricane” Roy, an executive at a multinational corporation, and his grandfather, Paresh Lal Roy, revered as the “father of Indian boxing.” Surrounded by such luminaries and with a heritage that includes suffragist Lolita Roy and flying ace Indra Lal Roy, Prannoy Roy’s path to greatness seemed inevitable. His formative years at The Doon School in Dehradun laid the groundwork for his remarkable journey.
Prannoy and Radhika Roy, his future wife, pursued higher education in London. His academic brilliance earned him a scholarship at Haileybury and Imperial Service College. After graduating with first-class honours in economics from the Queen Mary University of London, he later became a certified chartered accountant and a fellow of the Institute of Chartered Accountants in England and Wales.
Pioneering Psephology in India
Returning to India, Prannoy pursued a Ph.D. in agricultural economics from the Delhi School of Economics, fueling his passion for analysing election results. His collaboration with David Butler and Ashok Lahiri in the 1980s aimed to popularise psephology in India. Their groundbreaking work produced insightful books, establishing Roy as a foremost election analyst for India Today magazine.
In 1984, Prannoy Roy’s vision led to the establishment of New Delhi Television Ltd (NDTV). Initially conceived as a production firm, NDTV evolved into India’s premier independent 24×7 news channel, marking a watershed moment in the country’s media landscape.
Media Entrepreneurship and Legal Challenges
While Radhika Roy spearheaded NDTV, Prannoy’s role as a news presenter solidified his position as the channel’s face. NDTV’s foray into election results coverage during the 1989 Indian general election showcased Roy’s foresight. However, the journey was not without obstacles. Legal battles and allegations emerged, with the Central Bureau of Investigation filing cases against Prannoy Roy and others. The prolonged legal ordeal culminated in their acquittal in 2013, vindicating their innocence.
Despite government pressure, NDTV persisted in its critical reporting. The Roys’ resilience and commitment to journalistic integrity were evident when the government sought to ban NDTV India in 2016. CBI raids on their residence in 2017 sparked widespread protests, underscoring concerns about press freedom.
Literary Contributions and Recent Developments
Prannoy Roy’s intellectual pursuits extend beyond journalism. His collaboration with psephologist Dorab Sopariwala resulted in the publication of “The Verdict: Decoding India’s Elections” in 2019, offering profound insights into India’s electoral dynamics.
Recent years have seen legal challenges, with SEBI imposing fines on the Roys in 2020. However, their appeal secured a stay order. The saga continued, with Prannoy and Radhika Roy selling a significant stake to the Adani Group in December 2022, heralding a new phase for NDTV.
Accolades and Recognition
Prannoy Roy’s academic achievements include prestigious accolades such as the Leverhulme Trust (UK) Fellowship and the Queen Mary Prize. In 2015, he was honoured with the Red Ink Award for lifetime achievement by the Mumbai Press Club to recognise his consistent and pioneering contributions to news television.
Prannoy Roy’s journey, characterised by resilience, innovation, and an unwavering commitment to journalistic principles, has left an indelible legacy on the Indian media landscape. As the media industry continues to evolve, his legacy as a trailblazer and visionary remains unmatched.