Cable TV
FY-2015: Hinduja Ventures reports 13% growth in standalone profit
BENGALURU: Hinduja Ventures Limited (HVL), the holding company of IndusInd Media & Communications Limited (IMCL) reported a 12.9 per cent growth in standalone net profit after tax (PAT) to Rs 92.59 crore in FY-2015 as compared to a PAT of Rs 82.03 crore in FY-2014.
The company reported total standalone income of Rs 110.45 crore for the current year ended as against Rs 106.54 crores in FY-2014.
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
HVL consolidated total income for the year ended was Rs 786.11 crore as compared to Rs 773.49 crore for the same period in the previous year. Consolidated total income grew by 1.63 per cent y-o-y. Consolidated net profit after tax and minority interest has increased for the year ended 31 March, 2015 from 0.21 crore to 18.25 crore. EBIDTA for the year end stood at Rs 146.75 crore as against Rs 144.11 crore in the previous year.
Its media segment reported a 15 per cent drop in revenue in FY-2015 to Rs 536.16 crore as compared to the Rs 638.84 crore in the previous year. The loss from this segment widened to Rs 239.71 crore in FY-2015 from Rs 197.33 crore in the previous year.
During the year, IMCL, has disposed its investment in one of its subsidiary company – Jagsumi Perspectives Pvt. Ltd. and the said company has ceased to be a subsidiary of the company effective 31 December, 2014. IMCL booked a loss of Rs 6.2 crore in the said transaction and the same is disclosed under exceptional item in the Consolidated Profit and Loss Statement.
During the year, the company entered into a business Transfer Agreement with a Bangalore based company viz. Mplex Networks Private Limited (Mplex), to acquire their Digitally Addressable Cable Television Network (CATV) rights pertaining to Bangalore and Mysore region together with certain fixed assets pertaining to CATV division for an overall consideration of Rs 35 crore.
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
