Cable TV
MSO’s net worth should be positive for registration: Govt.
NEW DELHI: An inter-ministerial committee (IMC) of the government, grappling with the issue of differentiating between serious and non-serious players, has recommended that net worth of an MSO must be positive for grant of registration, but shied away from stipulating a minimum monetary ceiling.
The IMC, which met earlier this month, came to the conclusion after feedback from various other ministries, including finance, information and broadcasting and commerce, that in case an existing registered MSO applied for registration for additional areas, the net worth of the company must be positive for those areas too for a green signal from the government.
For an expenditure of about 25 lakh (Rs. 25,00,000) by a company to establish an MSO business, a loan can be availed of by a new applicant through banks, the IMC said.
Justifying its stand on the MSO company’s net worth being positive, IMC said it should be so as the government was providing loans without collaterals to small entrepreneurs for starting a business. “Hence the net worth of the entity applying for MSO registration has to be positive,” the government panel observed.
For the purposes of net worth evaluation, IMC reiterated that immovable/movable assets, generally included in the net worth certificates submitted by the applicants, could continue to be taken into account as per previous practice.
The panel took into consideration, among other issues, whether for registration purpose an entry level threshold net worth be specified and whether an MSO, already registered for certain areas, may be considered as eligible for registration in extended areas if its net worth was presently negative.
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.
