The Press Trust of India Ltd., commonly known as PTI, is the largest news agency in India. It is headquartered in New Delhi and is a nonprofit cooperative among more than 450 Indian newspapers. It has over 500 full-time employees as of 1 January 2022, including about 400 journalists. It also has nearly 400 part-time correspondents in most of the district headquarters of the country. PTI also has correspondents in major capitals and important business centres around the world. It was incorporated in Madras in 1947 with The Hindu's proprietor, Kasturi Srinivasan, as its Founding Chairman. It took over the operations of the Associated Press of India from Reuters in 1948–49. It provides news coverage and information of the region in both English and Hindi.