Gantz and Sons also acquired The Spectator, the first major newspaper in South India.
During the 1870s and 1880s, the paper was edited by William Digby Seymour, the celebrated Indophile.
The Madras Times was purchased by business magnate John Oakshott Robinson in 1921.
The newspaper was liberal in its views and favoured amicable relationship between the British who ruled India and the Indian inhabitants.
The duo were later embroiled in a dispute with the management and quit to start The Madras Mail which was the Times' most popular rival and opponent throughout the late 1800s.