Cable TV
Shareholders to meet on 15 Oct for Hathway demerger approval
MUMBAI: The court has convened meeting of Hathway Cable and Datacom Ltd equity shareholders and Hathway Broadband Private Limited and their respective shareholders and creditors on 15 October, 2016, in Mumbai.
The meeting is for the purpose of considering and, if thought fit, approving with or without modification(s), the demerger of the broadband business of Hathway Cable and its transfer to Hathway Broadband, Ajay Singh, head, legal, company secretary and chief compliance officer, at Hathway Cable, stated in a communiqué to the BSE and the NSE.
The court appointed Jagdiskumar G. Pillai, Hathway Cable managing director and CEO, to be the chairman of the said meeting. The voting period begins on 11 0ctober, 2016 , at 10.00 am and ends on Friday, 14 0ctober, 2016, at 5.00 pm. Himanshu S. Kamdar, practicing company secretary, has been appointed as the scrutinizer. The results shall be declared on 17 0ctober, 2016.
The proposed demerger of the ISP Business (defined below) from Hathway Cable to Hathway Broadband may happen upon payment of Rs. 98.05 crore by the latter to the former. The plan is to demerge the ISP Business from Hathway Cable and transfer it to vest in Hathway Broadband.
Hathway Cable is a multi-system operator (MSO) engaged in the business of distribution of television channels. Hathway Broadband is a private limited company incorporated under the Companies Act, and a wholly owned subsidiary of Hathway Cable.
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.
