iWorld
Raj Malik joins Miraj Group as business head
MUMBAI: Raj Malik, the producer of the acclaimed film Madaari has now joined Miraj Group as film production and acquisition business head.
Miraj Group’s recent release was Pati Patni Aur Woh starring Riya Sen. The show was launched on MX Player. The organisation wants to accelerate its efforts towards producing engaging content that would find resonance with audiences across revenue streams. Malik will be leading the film production business for Miraj Group and build a slate of films, and OTT offerings.
With a career spanning over 22 years in the M&E sector, Malik in his earlier assignments has held senior positions at Rhiti Group, Cinestaan, Krian Media, Walt Disney, Eros and Warner Bros.
Miraj Group is a 34-year-old organisation with a diverse portfolio of businesses like food snacks, printing, and packaging, pipes and fittings, engineering, hospitality, retail, real estate and film production besides the award-winning “Miraj Cinemas”, India’s fifth-largest multiplex chain with 121 Screens across 33 cities.
iWorld
Tips Music CEO Hari Nair to step down
Girish Taurani and Sushant Dalmia to jointly steer the company as the hunt for a new chief begins
MUMBAI: A leadership shuffle is under way at Tips Music. Hari Nair, the company’s chief executive, will step down on April 30 as the music label begins the search for a successor.
The company said Girish Taurani, executive director, and Sushant Dalmia, chief financial officer, will jointly oversee operations during the transition while the board identifies a permanent replacement.
Nair joined Tips Music in 2023 and set about reshaping the veteran music label into a more digital, data-led enterprise. During his tenure, the company secured licensing and partnership deals with global platforms including Sony Music Publishing and TikTok, while renewing agreements with Warner Music Group.
Drawing on earlier experience in technology and entertainment, including a stint at ByteDance, Nair pushed the organisation towards a performance-driven culture. He built a brand partnerships division and introduced proprietary software systems aimed at strengthening digital distribution and data capabilities.
Kumar Taurani, chairman and managing director, credited Nair with embedding a data-led culture within the company and driving revenue growth in line with shareholder commitments.
In his resignation note, Nair said that after helping transition the label into a modern, digitally focused and process-driven organisation, the time had come to pursue his next leadership challenge.
The leadership change comes as the broader Tips Films group shows signs of financial stabilisation. In the third quarter of FY26 the company reported a net loss of Rs 2.86 crore, narrowing sharply from Rs 14.2 crore in the previous quarter. For the nine months ended December, losses stood at Rs 12.37 crore.
Yet revenue told a more volatile story. Income from operations slid to Rs 4 crore in Q3 FY26 from Rs 56 crore in the preceding quarter, taking total operating income to Rs 4.56 crore.
For a company built on a catalogue of more than 34,000 tracks and decades of Bollywood hits, the next chief will inherit both a digital engine and a volatile music market. The playlist may be familiar, but the next act at Tips Music is only just beginning.
