Cable TV
Shaji Mathews appointed as Kerala MSO KCCL CEO
MUMBAI: From Gujarat, where he helped steer MSO GTPL towards its IPO, he is now headed back to his home city of Kochi in Kerala. Shaji Mathews has been appointed as the CEO of Kerala Communicators Cable Ltd (KCCL), a leading cable TV and broadband network in Kerala which is a consortium of operators who are shareholders and participate in management.
An initiative of Kerala’s independent cable operators it works under the guidance of the 4,000 member strong Cable Operators Association ( COA), the main objective of which is to develop Kerala’s cable TV sector by building wider networks, upgrading technology, finding new avenues of activity apart from addressing various issues and challenges before the industry for and on behalf of its members.
The company is led by the chairman Boobacker Siddique and managing director PP Suresh Kumar.
KCCL’s website states that these cable operators have cumulatively invested Rs 5 billion in equipment, networking, studios and other infrastructure all over Kerala. The cable operators have a consolidated turnover of Rs 2.5 billion per annum. KCCL has a network capacity of 300 SD channels and 60 HD channels, and provides 240 SD channels and 28 HD channels to its two million digital subscribers.
“KCCL has been one of the front runners in Kerala on digitisation and has received appreciation from the MIB and TRAI as well,” says Mathews. “The network derives huge strength from the dedicated team of operators who have active participation in the management. It is quite similar to the state my previous company GTPL was when I joined it four years back. While KCCL has completed its digitsation, there is a lot of scope in the area of broadband for which Kerala’s citizens have a huge appetite. My objective is to create a similar success story like GTPL with KCCL as it is poised for rapid growth going forward.”
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.
