Balaji Telefilms stock ends 10% up after appointment of Nachiket Pantvaidya as Group CEO

Nachiket will be responsible for the overall growth and success of the group’s profit and loss of operations.

Jul 23, 2021 03:07 IST India Infoline News Service

Balaji Telefilms has appointed Nachiket Pantvaidya as the Group Chief Executive Officer. Nachiket moves on from Asianet News Media & Entertainment, where he was the Managing Director. Nachiket will be responsible for the overall growth and success of the group’s profit and loss of operations.

Before Asianet, Nachiket held the position of Group COO, Balaji Telefilms Ltd., and CEO at ALTBalaji. This would be Nachiket's second stint with the company post his brief exit in March.

Commenting on the development, Shobha Kapoor, Managing Director Balaji Telefilms, stated," We have an excellent camaraderie with Nachiket, and we welcome him back into the family. His proven track record of groundbreaking work is sure to continue in his second stint with us as well. I wish him all the best for this new beginning."

Ekta Kapoor, Joint Managing Director, Balaji Telefilms, said, "Nachiket is an experienced professional and I look forward to once again teaming up with him and doing stellar work. On the growth of the overall Group."

"It's a homecoming for me with Ekta and team, however with a larger mandate now. I am looking forward to planning a roadmap for further accelerated growth of Balaji Telefilms group," said Nachiket Pantvaidya, Group CEO, Balaji Telefilms.

Nachiket comes with a rich experience of 20+ years array of experience in the mass and urban mass media business. His portfolio includes huge brands like Star, Sony, Disney, and BBC, to new a few.

On Sensex, Balaji Telefilms finished at Rs72.90 per piece up by nearly 10%.

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