Cable TV
Distribution vet Tony D’silva departs from IMCL
MUMBAI: Tomorrow, Tony D’silva will serve his last day as the MD and CEO of IMCL, a wholly-owned subsidiary of Hinduja Ventures.
“I have decided not to renew my contract (with IMCL) as I wanted to take a break,” D’Silva told Indiantelevision.com. He denied knowledge of his replacement. “They may announce it tomorrow, or whenever,” he said.
During his stint at IMCL, he helped roll out the Hinduja-promoted headend in the sky (HITS) project NXT Digital, a process which took the group sometime, courtesy regulatory cholestrol. He also rolled out pre-paid subscriptions for the both NXT Digital and the cable network INCable which resulted in a consistent revenue stream for the latter. However, the haphazard management of the DAS III and DAS IV process by the government resulted in idelays. This meant that NXT Digital could not get fair digital content deals with some broadcasters. And this impacted its business planning.
Looking back at the broadcast industry in India, the cable veteran of 20 years said that he witnessed exciting times in the industry. “There were tremendous challenges as well — some were natural and others created,” he remarked.
The cable and broadcast industry was at cusp of a paradigm change, he said. “With new regulations, changes are taking place at least in spirit — if not (practically, or) legally. I hope it changed the course of the industry’s progress,” he said.
With the positive changes — from push to a pull economy, each constituent and stakeholder of the distribution value chain, he said, must be able to sustain on its own. He said he hoped the industry’s fortunes would turn around sooner than later. He would not hazard a guess on the possible changes the budget may bring in.
About the recent development that one MSO licence would permit pan-India service, he said the regulation, rather amendment, had come rather late in the day. “Simply, allowing the MSOs to function across India would not help immediately. From where would they get head-ends or how soon can they lay their fibre connectivity in newer area?” he questioned with a puzzled tone in his voice.
“Until and unless, infrastructure sharing is allowed (and practically operational), there is no point in relaxation of rules which allow a cable operator to operate pan-India with a single licence,” he quipped.
After his break, D’Silva said that he might start a business independently. On prodding about the sector he would be haring into, he shared that he only knew the broadcast industry, with a smile. .
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.
