Cable TV
Hathway bags ET Best Tech Brand 2015 award
MUMBAI: Hathway won the Economic Times Best Tech Brand 2015 in telecommunication, technology and media space for its significant contribution in the growth of digital cable television in the country.
The ET Edge-Best Tech Brands 2015 summit was held in Delhi on 17 December.
Technology brands like HP, Capgemini, IBM, Ricoh, Mphasis and Sify amongst others were part of this summit, which recognised key contributions of organisations in building and upgrading technology to create a robust ecosystem and providing a business edge in their respective industry.
Hathway Cable & Datacom managing director and CEO Jagdish Kumar G Pillai said, “We are extremely proud of this achievement and thank all stakeholders and team Hathway who have contributed towards the growth of Hathway in the digital cable television and broadband space. This recognition from one of leading and most trusted names in media, The Economic Times, is testament to the giant strides that Hathway has taken in the technological transformation of digital cable TV and wired broadband businesses in India and our continuing efforts in empowering our customers to build a better and robust service & brand.”
Hathway featured in the list of top 150 technology brands of India as per the Economic Times & MRSS industry agnostic study to understand what goes into the making of leading tech Brands in the B2B space.
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.
