iWorld
Shahabuddin Shaikh joins ALTBalaji as CTO
MUMBAI: ALTBalaji has appointed Shahabuddin Shaikh as the chief technology officer (CTO). In his new role, he will be responsible for designing a strong tech-driven ecosystem that seamlessly aligns with the brand’s tech vision and leading their overall technology transformation goals. Shaikh will directly report to ALTBalaji CEO and Balaji Telefilms Group COO Nachiket Pantvaidya.
With an experience of 20 years in the technology infrastructure, Shaikh’s expertise lies in envisioning solutions that propel product development. His in-depth knowledge of emerging technologies such as artificial intelligence, machine learning, deep learning, internet of things, and big data, among others, will help in expanding company growth. Prior to this, he has worked with brands like Vuclip Pvt Ltd , Mauj Mobile, Orios Ltd, Informatic Systems, among others.
Shaikh launched the VIU app to support 21 million active user base and generate 2.3 billion video minutes a month with an increase in revenue by 2.5 million. During his stint with Mauj Mobile, he was responsible for expanding and stabilising growing MVAS content management platforms.
Pantvaidya said: “We at ALTBalaji have been working towards building a strong application that’s supported by a talented team and flourishing technology. Shahabuddin has an impeccable record of building and aligning technology organisations with business objectives to achieve results. We welcome him to our organisation.”
Shaikh said: “I am elated to be undertaking a new responsibility with a leading OTT brand like ALTBalaji. I look forward to working towards building a more seamless and engaging experience for the customers while meeting brand’s tech needs.”
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.
