Cable TV
Siti Cable CFO Sanjay Goyal resigns
MUMBAI: Siti Cable Network chief financial officer (CFO), Sanjay Goyal has called it a day at the company. Goyal resigned with effect from 8 June, 2015.
An B.SC.ICAI,ICSI,ICWAI an LLB, he joined Siti Cable as VP – finance and accounts in 2009 and later got promoted as CFO in 2012.
When contacted by Indiantelevision.com, a senior official from Siti Cable informed, “It was a mutually decided procedure between Goyal and the company and there were no unusual circumstances that forced the resignation. Goyal probably took the decision to explore something new which the company is not aware of yet. The CFO’s position will be taken care of by someone from the group itself. However, for the time being someone from the group will take care of the position.”
With over 17 years experience including entrepreneurship, Goyal served as VP – F&A/CFO at Vishal Retail Limited prior to joining Siti Cable. He started his career with Dharampal Satyapal Limited where he was the head F&A for more than nine years.
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.
