DTH
Tata Sky hires Arun Unni as senior vice president – content
MUMBAI: Tata Sky has roped in Arun Unni as senior vice president – content.
Unni steps into the shoes on Mukund Sharma, who recently resigned to join Lukup Media.
Unni has previously been a consultant with 14 years of experience in strategy development and operational improvement across B2C and B2B companies.
A source close to the development tells Indiantelevision.com that Unni will be reporting to Tata Sky chief content and business development officer Paolo Matteo Agostinelli.
“Arun has already joined the company and he will be heading content acquisition and strategy at Tata Sky,” the source added.
Deeply passionate about TV and media, Unni is an avid follower of content and distribution models globally. A Civil engineer from IIT Mumbai and an IIM – Ahmedabad pass out, he is an early adopter of nearly all types of content distribution hardware – Tata Sky HD DVR, Chromecast, Xbox, Media players, Mobile apps etc. His earlier work stints have been with A.T. Kearney, KPMG and Arthur Andersen India.
DTH
SITI Networks reports Rs 435.69 million loss amid insolvency process
Mounting losses and legal challenges continue to weigh on operations
MUMBAI: SITI Networks Limited, currently undergoing a Corporate Insolvency Resolution Process (CIRP), has reported its un-audited financial results for the quarter and half-year ended 30 September 2025. The company’s financial position remains under significant pressure, with ongoing losses and uncertainty around its ability to continue as a going concern.
The company reported a consolidated net loss of Rs 435.69 million for the September 2025 quarter, taking its accumulated losses to Rs 29,388.36 million. Its net worth stands at a negative Rs 12,445.09 million, while current liabilities exceed assets by Rs 16,861.18 million, raising serious concerns about financial sustainability.
For the half-year period, consolidated revenue from operations declined to Rs 5,667.78 million from Rs 6,108.28 million in the corresponding period last year. Total current liabilities rose to Rs 24,796.07 million, driven largely by trade payables of Rs 11,030.22 million and borrowings of Rs 7,573.85 million.
The Resolution Professional has admitted financial creditor claims of Rs 11,292.66 million, along with operational and employee claims amounting to Rs 7,066.86 million. Meanwhile, statutory auditors have issued a “Disclaimer of Opinion,” citing lack of access to key information, including minutes of Committee of Creditors (CoC) meetings due to confidentiality constraints.
A dispute also continues over Rs 1,230 million appropriated by lenders from the company’s bank accounts during a “stay period.” The National Company Law Appellate Tribunal (NCLAT) has directed that this amount be held in a separate interest-bearing account until the matter is resolved.
Operationally, pay channel costs for the half-year stood at Rs 3,754.03 million. The company noted that if these costs were reported on a net basis, both revenue and expenses would appear lower, though there would be no impact on the net loss.
Additionally, Siti Jind Digital Media Communications ceased to be a subsidiary in October 2025 following approval of a resolution plan. SITI Networks’ future now depends on the successful implementation of its own resolution plan as it continues through the insolvency process.
