Cable TV
Mumbai-based companies claim to launch India’s first indigenous STBs
MUMBAI: Even as several multi system operators have announced tie ups with global conditional access companies and vendors for imports, a few Indian set top manufacturing companies have announced plans to launch their products and capitalise on the huge opportunity to go global.
Broadband Pacenet India has announced that its set-top boxes are highly sophisticated indigenous “home genies” that include features such as a peoplemeter and ethernet output (to enable Internet surfing).
Another Mumbai-based company Telenext Convergence has also announced the launch of an indigenous set top box (STB) in joint collaboration with the Indian Institute of Technology (IIT).
Six persons from the Kanwal Rekhi School of Information Technology at IIT and a team of 26 engineers from Bangalore based VLSI (Very Large Scale Integration) have worked for over two years to produce this indigenous set-top box for Telenext. The STB will be priced at Rs 3,500 and the organisation is in talks with MSOs and cable operators, as consumers cannot directly buy it, as the encrypted smart card of their cable operators may not match this.
Broadband Pacenet India CEO S Ravindran says that their advanced STBs (rather ‘home genies’) will be economically priced around the same level of Rs 3,500. ETC Networks JS Kohli says that he expects penetration to touch 50-60 per cent levels if the current “pay channels” remain “pay”.
Experts say the primary issue will relate to the smart-card user identification elements such as the public and private keys. “Pacenet’s STBs have RSA data security for enhanced security. The 128-bit configuration will take 50 years to crack whereas the 1024-bit configuration is almost impossible to crack. Pacenet home genies have the latter,” says Ravindran.
Ravindran goes on to add: “Our ‘home genies’ will have elements such as RSA 1024-bit; DES (Digital Encryption System) and AES (advanced encryption systems); with peoplemeter facilities. We have plans to get these STBs certified by companies such as Business Proton and Tata Consultancy Services and then sell them in the global markets.”
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.
