Cable TV
IndusInd Media undergoing complete top management overhaul
MUMBAI: Hinduja Ventures Limited-owned IndusInd Media & Communications Ltd is going in for a complete overhaul of its top management.
After having appointed Tony D’silva as the MD and CEO of IndusInd Media and also as Hinduja Venture’s Group CEO – media, the company is also looking at bringing in fresh faces in other key positions, sources said.
D’silva’s appointment has combined the positions of the managing director and chief executive officer at IndusInd Media, which were earlier held by two persons – Ravi Mansukhani as the MD and Nagesh Chabria as the CEO.
Ravi Mansukhani’s resignation has already been accepted by the company’s board of directors. Chabria’s position as CEO has become untenable with D’silva’s appointment.
According to sources in the company, Chabria has resigned and is currently serving a notice period. Indiantelevision.com could not reach Chabria for a comment.
The company sources also said IndusInd Media’s chief financial officer Dilip Panjwani and chief technology officer Vivek Garg too could be replaced soon.
When contacted, Panjwani denied rumours that he has resigned. “This isn’t true. I haven’t resigned and neither am I serving my notice period,” he said.
Hinduja Ventures reported that for the nine months ended 31 December, 2013, IndusInd Media and Communications had revenues of Rs 21.86 million, down 50 per cent from Rs 43.73 million a year ago.
Surprisingly, IndusInd Media and Communications’ revenue for the quarter ended December 31, 2013 has been shown as nil.
For the nine months ended 31 December, 2013, IndusInd Media Communications had a loss of Rs 84.47 million against profit before tax of Rs 16.72 million a year ago.
The poor operational performance and the appointment of D’silva comes in the midst of IndusInd Media’s plans to launch new digital cable services like HD services, hybrid set-top boxes for cable TV and internet and other value-added services.
IndusInd Media has an estimated 8.5 million subscribers across 36 cities and offers over 350 channels in digital mode. It has a backbone of 10,000 kms of hybrid fibre optic network through which it also offers broadband services.
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.
