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Jagdish Kumar quits Hathway; Rajan Gupta is made new MD
MUMBAI: Hathway Cable & Datacom has announced a series of major changes in its top management team.
The company’s managing director and CEO Jagdish Kumar has quit with immediate effect.
Rajan Gupta, who has been serving as president of Hathway’s broadband business since 2014, has taken over as the new MD.
In another major move, TS Panesar, the current president of the MSO’s video business, has been elevated to the position of CEO of video business.
Incidentally, Kumar had taken over as MD and CEO in December 2012 and led the company’s growth through the digitisation phase, establishing its position as one of the leading digital cable TV and broadband service providers in the country. Under him, Hathway became the first cable TV company to achieve milestone of 10 million digital subscribers. Another milestone under Kumar was the achievement of 0.5 million broadband subscribers.
Gupta, who had led Hathway’s aggressive foray into high-speed cable broadband business in the country, is now in charge of the company as MD. His mandate is to build on Hathway’s leadership in broadband and video business and take it to the next phase of strategic transformation by creating a profitable consumer-centric organisation and maximising innovation, execution and collaboration.
Hathway now boasts a broadband subscriber base of close to 0.8 million and its services reach more than 3.7 million homes, and Rajan is credited with establishing and building a profitable broadband business for the company, setting it way ahead of its competitors. Hathway has been a step ahead in offering cutting-edge broadband services under Rajan’s leadership with continued investments in high-speed technology such as Docsis 3.0 and GPON FTTH, providing 50 Mbps speed plans, better customer service and increasing market share.
Rajan is an engineering graduate and MBA in Marketing and Finance from IIM, Bangalore. He brings with him 18 years of experience across management, sales, marketing, P&L management, revenue growth management, go-to-market strategy, business turnaround and manufacturing operations. Over the years, he has handled various business leadership roles with Tata Teleservices, Hindustan Coca-Cola and Asian Paints.
Panesar, who had joined the company in December 2014, is an industry veteran with two decades of leadership experience in the consumer durables and TV broadcasting industry, having worked with leading brands like ESPN Star Sports and Star. He was part of the core management team that was instrumental in setting up the ESPN Star Sports brand in India and building its DTH business. He is credited with bringing a transformational shift in the cable TV operations of the company, making it more transparent, systematic and process driven.
Under Panesar’s leadership, Hathway has grown aggressively in DAS III markets, having crossed 11 million digital subscribers and launched many breakthrough initiatives such as ‘Hathway Connect’, the portal for LCOs that has been widely appreciated by the industry and the LCO fraternity for increasing their revenue and reducing operational costs. He also led the launch of new in-house channels, rebranding and repositioning the current stable to create a robust portfolio as well as leading the company’s foray into value-added services (VAS).