Ekta Kapoor-owned movie, tv and net content material manufacturing home Balaji Telefilms has introduced the appointment of Abhishek Kumar as group chief govt officer. Kumar takes over from Nachiket Pantvaidya who had stop the corporate this Could inside a yr of becoming a member of for a second stint. Pantvaidya had returned to Balaji final July after having briefly moved to Asianet Information Media and Leisure, the place he was managing director, earlier than which he had served as group chief working officer at Balaji and CEO for its video streaming service ALTBalaji. At Balaji, Kumar can be liable for the general development and success of the group, the agency stated in a press release.
Kumar comes with 20 plus years of expertise in enterprise technique, mergers and acquisitions, operations and investing in expertise and media. He has been related to manufacturers like Rainforest Ventures, Snapdeal, TV18 Broadcast Ltd, and NDTV. He strikes to Balaji from personal fairness fund Jupiter Capital, the place he was chief working officer and basic associate of the brand new funds of the group. Earlier than Jupiter Capital, Kumar was working a enterprise capital community, at Rainforest Enterprise Community as managing associate and was additionally an advisor and associate to a number of household workplaces for expertise and client investments.
“We’re happy to have Abhishek as group CEO, and are assured that he’s the proper particular person to steer Balaji to the subsequent stage of development and worth creation. The Indian media sector is present process large change which additionally creates huge alternatives for us at Balaji, and Abhishek will lead the efforts with the remainder of the crew, to grab these alternatives and create worth for all our stakeholders,” Shobha Kapoor, managing director, Balaji Telefilms stated in a press release.
Balaji is thought for movies like Love Intercourse Aur Dhokha and Udta Punjab, moreover scores of each day soaps and its video streaming service ALTBalaji.
“I’m of the view that content material will proceed to stay a key and thrilling house regardless of the platform and worth is being attributed to creators of content material. Therefore, at Balaji, I imagine that I can add vital worth by way of my expertise in enterprise technique, and investing in expertise and media,” Kumar stated in a press release.
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Supply: Live Mint