Cable TV
Rajesh Sethi re-designated chief biz transformation officer of Siti Networks
MUMBAI: Rajesh Sethi, who had been appointed as executive director and CEO of Siti Networks sometime back, has been re-designated as chief business transformation officer of the company with immediate effect.
Before joining Siti Networks, Sethi served as CEO at Taj Television’s Ten Sports from 2013 to 2016 when it was still a subsidiary of Zee Entertainment. In a strategic decision last year, Zee sold its sports business, comprising TV channels marketed under Ten Sports brand, to Sony Pictures Network India.
Siti Networks also informed BSE that the the board of directors of the company at its meeting held on 14 July 2017, approved the appointment of Sidharth Balakrishna as a whole-time director of the company with immediate effect.
Balakrishna has over 13 years of experience in the energy, infrastructure and education sectors. In the past he has led strategy and headed projects including in the fields of oil & gas, renewable energy, education, water and vocational training. Balakrishna has also been a strategy consultant with Accenture and KPMG.
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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.
