Cable TV
Hinduja Ventures PAT rises marginally Q1FY18, Nxt Digital HITS 640 districts
NEW DELHI: Hinduja Ventures Ltd (HVL) on Thursday announced standalone net profit after tax of Rs. 255 million for three months ended 30 June 2017 as against Rs. 242.1 million during the same period a period ago.. The net PAT for the period ended grew by 5.33 per cent.
The total income for the period under review stood at Rs. 506.6 million as against Rs. 619.1 million for the same period a year ago.
The board of HVL at its meeting held on 10 August 2017 approved un-audited standalone financial results for the quarter ended 30 June 2017.
HVL is the holding company of big Indian integrated media entities comprising MSO IndusInd Media & Communications Limited (IMCL) and Grant Investrade Limited (GIL) that has launched the HITS digital platform under brand name NXT Digital.
The company in a statement claimed the HITS platform is making good progress in its expansion plans in the rural markets. The services, being now provided in all the states of the country and 640 districts, are available in more than 1,000 locations. The company claimed that GIL has also been successful in getting more than 97 per cent of its operators/customers on a pre-paid payment mode.
According to HVL, IMCL is continuing to consolidate its position in phase I and II markets on its own, while its joint ventures too were progressing well. As part of cost rationalisation and improvement in efficiency, IMCL has outsourced the management of its extensive fibre network so that it gets optimized in a focused way.
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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.
