Cable TV
Top management revamp clears path for investment in IndusInd Media
MUMBAI: IndusInd Media and Communications is finally set to get Rs 300 crore of investments from its promoter Hinduja Ventures, following a complete revamp of the top management at the multi-system operators with Tony D’silva as the new Managing Director and CEO.
The board of directors of Hinduja Ventures today reviewed the performance of IndusInd Media and decided to go ahead with its planned investment in the company to grab acquisition and growth opportunities arising from digitisation of cable TV services.
Hinduja Ventures, in a statement after the board meeting, said the investment is to take advantage of ‘several consolidation opportunities coming up in the digital environment’. The investment will also help IndusInd Media in expanding its customer base in the digital regions as well as spruce up its customer service.
Hinduja Ventures has also decided to invest Rs 2 crore in its subsidiary Grant Investrade, which is spearheading its head-end in the sky (HITS) plans.
IndusInd Media has planned several new services in the coming months such as broadband services, HD television, hybrid STBs for cable and internet and value added services for customers. The multi-system operator claims to have 8.5 million subscribers across 36 cities.
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.
