Abhishek Kumar steps up as new Group CEO of Balaji Telefilms; stock jumps ~1.5%

14 Jul 2022 , 01:49 PM

Mr. Abhishek Kumar has been named Group Chief Executive Officer of Balaji Telefilms Limited, an entertainment conglomerate. Abhishek leaves Jupiter Capital, one of India’s oldest homegrown Private Equity Funds, where he was the COO and General Partner of the group’s new Funds.

Prior to joining Jupiter Capital, Abhishek was the Managing Partner of Rainforest Venture Network, as well as an Advisor and Partner to multiple family offices for technology and consumer investments.

Abhishek has over 20 years of experience in business strategy, M&A, operations, and investing in technology and media. He has worked with well-known companies such as Rainforest Ventures, Snapdeal, TV18 Broadcast Limited, and NDTV.

Abhishek will be in charge of the group’s overall growth and success at Balaji.

Mr. Abhishek Kumar, Group CEO of Balaji Telefilms, commented on the appointment, saying, “I am of the opinion that content will continue to be a key & exciting space regardless of the platform, and value is being attributed to content creators. As a result, I believe that my experience in business strategy, M&A, operations, and investing in technology and media will be of significant value to Balaji.”

At around 1.52 PM, Balaji Telefilms was trading at Rs43.70 up by Rs0.65 or 1.51% from its previous closing of Rs43.05 on the BSE. The scrip hit intraday high and low of Rs44.40 and Rs42.10 respectively.