Cable TV
Hathway Cable and Datacom reports revenue of Rs 1,793 crore in FY22
Mumbai: Hathway Cable and Datacom Ltd reported gross revenue of Rs 1,793 crore in FY22 an increase of four per cent over FY21. Its broadband revenue stood at Rs 621.9 crore while CATV revenue stood at Rs 1171.1 crore for the financial year. The company reported profit after tax of Rs 130.4 crore a decline of 49 per cent year-on-year.
“The business model for the company was protected in spite of Covid-19 led movement restrictions and disrupted supply chains,” said the statement.
In its fourth quarter results, the company saw gross revenues of Rs 448.8 crore, an increase of two per cent year-on-year. Broadband revenue for the quarter stood at 157.1 crore and CATV revenue at Rs 291.7 crore. It saw profit after tax of Rs 28.4 crore in the quarter, a 16 per cent decline quarter-on-quarter.
CATV business highlights
The company reported 5.4 million set-top-box connections and more than 109 cities and major towns. “In the last two years, the company has created an extensive incremental infrastructure for market share gain. We have connected over 250 new locations with IP links,” said the statement. “Our product/go-to-market strategy/infrastructure ready for taking benefit of a more conducive market and business scenario with pandemic becoming more manageable. Set top box procurement and market share gain plans being rolled out.”
It further added, “The casting of OTT apps through already seeded new generation HD boxes is being piloted. This unique feature can give access to OTT to millions of Hathway Cable TV customers without any need to buy an additional OTT box. We have also piloted TV Plug. Using this Hathway can provide the most reliable last mile cable TV connectivity from a mobile tower network.
Hathway Cable has also launched a digital platform to enhance the competencies of partner local cable operators in the cable TV business.
ISP business highlights
The company’s subscription revenue stood at Rs 157.1 crore with an increase of 32K customers in Q4 FY22 led by strong FTTH customer acquisition. FTTH consumers now account for 70 per cent of overall ISP consumers. “The company saw subdued revenue growth on account of higher speed and unlimited data limits now available at lower ARPU plans at industry level,” said the statement.
The company reported 1.11 million broadband subscribers at the end of the fourth quarter FY22.
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.
