Cable TV
IndiaCast appoints Sanjay Jain as head of International Business; restructures Organisation
MUMBAI: IndiaCast, the domestic and international distribution arm of Viacom18 and TV18, has announced an organizational realignment within its top management, where in Chief financial officer Sanjay Jain has been additionally appointed as head of international business and will continue reporting to IndiaCast Group CEO Anuj Gandhi. All the International Business heads along with Outbound Sales and International Operations teams will report into Jain. IndiaCast also announced a series of leadership changes by establishing empowered business responsibilities across regions.
After successfully managing the business in UK, Govind Shahi has now been elevated to manage the US region along with his existing remit as business head UK & USA, followed by Sachin Gokhale, who will also oversee the companies’ activities in APAC, in addition to his current role as the business head of the MEA. Debkumar Dasgupta is now the business head of Syndication, New Media & South Asia.
Commenting on the organizational restructuring, IndiaCast Group CEO Anuj Gandhi said, “Over the last several years our top management has demonstrated innovative approaches in content monetization and marketing across the globe. Sanjay brings to the table nearly two and half decades of financial and general management experience. I am confident that Sanjay’s proficiency and experience coupled with our bold growth agenda will help us excel in our business ambitions.”
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.
