Cable TV
Rajesh Sethi succeeds Wadhwa as ED & CEO of SITI Networks
NEW DELHI: Senior media expert Rajesh Sethi has been appointed Executive Director CEO of SITI Networks Limited, as V D Wadhwa is stepping down.
Wadhwa has been asked by the management to help in smooth transitioning by being with Sethi over the next couple of months.
Sethi has over 22 years of experience in varied industries like Media, Insurance and Automotive sector across India and South East Asia.
Sethi joined Ten Sports (Taj Television – a then subsidiary of Zee Entertainment) in July 2013 as Chief Executive Officer, where he spearheaded the turnaround and divestment of Ten Sports from multi year losses to a profitable entity and has placed the Distribution & Placement Business on a consistent growth path.
Before joining Zee Entertainment, Sethi has been associated with large conglomerates like Tata, General Electric and Allianz with a proven track record of progressive leadership and entrepreneurial success. He specializes in enhancing Stakeholder value through large-scale Business Transformation, Leadership Development, Innovation, Organization change management and Customer strategies.
Sethi completed his under graduation in Mechanical Engineering and received his Executive Education from Harvard Business School, Kellogg School of Management & INSEAD and is a GE certified Quality Green Belt.
He has been conferred with prestigious awards of “Rashtriya Udyog Ratna” by N.E.H.R.D.O. and “Global Indian Achievers Award for Business Excellence 2012″ by Economic Development Forum.
Speaking on his tenure at SITI Networks, Wadhwa said, “It was one of my most satisfying careers at SITI. Under the guidance of the Board, we have managed to establish SITI as one of the leading profitable players today. I thank the Board for the opportunity and wish Rajesh and his team all the success.”
Commenting on his new role, Sethi said “Post our very successful turnaround & divestment of Tensports and thereafter implementation of Digitisation of our broadcasting business, I am very excited to further transform our Delivery Platform with SITI Networks which has immense growth possibilities & opportunities. The sector is on the cusp of reinventing itself with smarter Business Models and ways of delivering & connecting to customers with varied products and services”.
In a statement, the Board placed on record its appreciation for the role played by Wadhwa during his tenure in turning around the business profitably and inculcating the highest ethical standards and professional work culture in the Company.
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.
