Cable TV
GTPL Hathway closes FY22 as largest MSO; revenue at Rs 24,154 million
Mumbai: GTPL Hathway witnessed revenue growth (excluding EPC) of 12 per cent year-on-year (YoY) at Rs 24,154 million. The profit after tax grew by six per cent YoY at Rs 2,006 million, according to the company’s financial results for the year FY22 shared on Friday.
It ended the year by adding 400K cable TV subscriptions and 181K broadband subscribers.
The company’s digital cable TV revenue increased marginally by 0.4 per cent to Rs 10,753 million. Total paying subscribers as of 31 March stood at 7.80 million. GTPL Hathway expanded cable TV operations in five additional states in FY22. It also launched a new product ‘GTPL Genie’ which is an Android TV-based hybrid set-top-box with attractive subscription bundles.
The company’s broadband revenue growth for FY22 was 46 per cent to reach Rs 4,075 million. Total broadband subscribers increased by 29 per cent to reach 816K out of which 360K are FTTX subscribers. In FY212, the company added 830K home-pass. Home-pass as of 31 March stood at 4.70 million.
GTPL Hathway Limited reported fourth-quarter revenues of Rs 6,209 million and profit after tax of Rs 552 million. Broadband revenue stood at Rs 1,098 million and digital cable TV revenue at Rs 2,695 million. The average revenue per user (ARPU) for Q4 FY22 stood at Rs 450.
“We are proud to announce another year of consistent performance across all business segments,” said GTPL Hathway managing director Anirudhsinh Jadeja. “GTPL is now the largest MSO in the country, continues to be the largest MSO and broadband player in Gujarat, and has a significant presence in all other markets.”
“We continued to deliver on our KPIs and grew by expanding in new geographies as well as penetrating deeper into existing markets. The key highlights of FY22 are stable subscription revenues, profitability and return ratios with a healthy balance sheet. The Company’s Board has recommended a dividend of Rs four per share for FY22,” he added.
“The launch of GTPL Genie is a path-breaking initiative bringing subscriptions of bundled Live TV and OTT applications at competitive prices to our consumers. We are committed to delivering value to all our stakeholders with adept and prudent financial practices,” Jadeja further stated.
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.
