Brands
Cygnet Digital rebrands to Cygnet.One
Mumbai: Business process digital transformation company Cygnet Digital has rebranded itself as CYGNET.ONE to help consolidate its products, services, and solutions offerings.
With this consolidated portfolio of offerings, CYGNET.ONE will help organizations tackle industry challenges through business process transformation centred on cutting-edge technologies such as artificial intelligence and machine learning.
Niraj Hutheesing, founder and managing director of CYGNET.ONE said, “Every step, every innovation at CYGNET.ONE strives towards a future where technology converges with human creativity, emotions, and intuitive intelligence. We aim to unlock the power of the human mind through out-of-the-box ideation until last-mile execution for solving organizational challenges.”
With this rebranding, CYGNET.ONE brings all its specialized offerings, such as compliance transformations, digital and quality engineering, enterprise modernization, data, AI & analytics hyper-automation, test automation, e-signing, and more, under one roof. Cygnet envisions to be one of the top three leaders in the tax technology space within India.
Since the inception of GST in 2017, Cygnet has been a key enabler for India’s compliance journey, providing essential support and solutions for businesses navigating the complexities of tax regulations. This foundation serves as the cornerstone for Cygnet’s aspiration to emerge as a global compliance leader, particularly in the realm of e-invoicing on a global scale.
To expand its services business and enhance in-house expertise, Cygnet is actively seeking partnerships in the tech sector, particularly with ERP and CRM providers. In a strategic move to accelerate growth, Cygnet aims to establish dynamic partnerships with industry-leading hyperscalers such as AWS, Azure, and Oracle, solidifying its position at the forefront of innovation and scalability. These collaborations will not only broaden Cygnet’s service offerings but also deepen its knowledge base, allowing for more comprehensive and effective solutions for clients. With deep roots in product engineering and unparalleled expertise in SAP testing, bots, and more, we stand as the foremost consultants, renowned for our ability to architect ideal solutions.
Founded in 2000, the Ahmedabad-based IT firm has grown exponentially in the last 24 years. From a small office in Ahmedabad, Cygnet has emerged as a leading partner for business process transformation with a presence in more than ten countries and is strategically expanding its presence to African countries, the APAC region, and Europe, broadening its global footprint and enhancing its reach to diverse markets. Cygnet’s revenue has exceeded USD 25 million, growing almost three times in the past five years. With a plan for 30% year-on-year growth, the company is poised for significant expansion.
With the world of technology rapidly evolving, Cygnet embraced AI to meet the industry’s changing demands. It has expanded its horizons to build solutions such as HR Automation tools, Tech Due Diligence, AI-based ETL tools, and more.
“AI will significantly impact businesses, and we are prepared to help our customers make that leap. Our offerings will enable a seamless transition, all while adopting the latest technologies,” Abhijit Sen added, VP Head of Architecture and Innovation at Cygnet.One.
Cygnet’s solutions, services, and other products will help organizations deploy AI across their value chains to reap the benefits of the technology. In HR, AI-driven tools streamline recruitment, improve employee engagement, and optimize talent management processes. Tech Due Diligence (DD) powered by AI enhances decision-making processes, accelerates M&A activities, and mitigates risks. With AI data converters, businesses can unlock valuable insights from their data, driving innovation and informed decision-making.
Hutheesing said, “From North America to Europe, UK & Africa, from Asia Pacific to the Middle East, our local expertise, combined with a global perspective, enables organizations around the world to navigate cultural nuances and regulatory landscapes easily.”
Brands
JioHotstar EVP, head subscriptions (SVOD) and media Piyush Kothari exits
Streaming executive signs off after 6.5-year run across DisneyStar and JioStar
MUMBAI: Piyush Kothari, EVP and head subscriptions (SVOD) and media at JioHotstar, has stepped down from his role, bringing the curtain down on a 6.5-year stint spanning the DisneyStar and JioStar eras.
Kothari shared the update in a note reflecting on what he called a “transformative” phase for the media industry and a personal journey through the fast-evolving world of streaming and sports entertainment.
“The last few years have been transformative for the media industry and experiencing this journey up close over the past 6.5 years with DisneyStar and now JioStar has been a thriller,” he wrote, thanking colleagues and collaborators who shaped his time in the business.
Kothari joined JioHotstar in November 2024 as EVP, head subscriptions (svod) and media, where he oversaw subscription revenues and subscriber growth for the platform’s svod business.
Before that, he spent over five years at The Walt Disney Company in a series of leadership roles. His last position there was head of product, growth, partnerships and international expansion for Disney+ Hotstar, where he led efforts to scale subscription revenues across direct to consumer and partnership channels. The role also involved overseeing the service’s standalone businesses in markets such as Singapore, Canada and the UK.
Earlier, he served as lead, corporate office and strategic projects, working across the company’s entertainment, sports and streaming businesses. He also headed business operations at Mashal Sports, the entity behind the Pro Kabaddi League, where he helped steer the league through key commercial milestones including a five year broadcast and streaming media rights deal.
Alongside his operational roles, Kothari also served as nominee director on the board of Mashal Sports and was a director on the board of Novi Digital, the company that operates Hotstar.
Before entering the media and entertainment space, Kothari held senior roles across consulting, fintech and conglomerates. He worked with Welspun Group as head, group executive office, with Aditya Birla Group as joint president and business head, digital, analytics and strategy at Aditya Birla Idea Payments Bank, and earlier served as vice president in the chairman’s office at the group.
His career also includes stints at Accenture as principal, Accenture Strategy, and earlier at Shell in channel development and sales.
Reflecting on his time in the media sector, Kothari said he leaves with a lasting belief in India’s subscription economy. He also joked about picking up a new affection along the way.
“Carrying with me love for kabaddi, a deep belief in the potential of the subscriptions business in India, and fond memories and friendships,” he wrote, adding that he is now “onward to the next chapter”.
