Samir Bangara, MD (Digital) at Disney India, has resigned, MediaNama has learned from reliable sources. Bangara had joined Disney India from Indiagames Ltd, which Disney had acquired seven months ago, alongwith its acquisition of Indiagames shareholder UTV. At the time of filing this report, Bangara was unavailable for comment, and we’re still awaiting a response from Disney. Word is that Bangara, who was a part of the promoter group whose shareholding was bought by Disney, is planning to start up.
Bangara had joined Indiagames over seven years ago as Chief Operating Officer, heading the mobile business, and as Head of Strategy, Corporate Development, Business Development and Finance, and responsible for the mobile business P&L (as per his LinkedIn profile). He had joined Indiagames from Ernst & Young, where he was VP (Investment Banking) shortly after Cisco and Macromedia had acquired stake in Indiagames. He took Indiagames through multiple shareholder buys alongwith Indiagames founder Vishal Gondal – in 2007 when UTV acquired a majority stake in Indiagames from TOM Online, and in 2011 when Disney acquired Indiagames. Bangara and Gondal also ran the Sweat and Blood Venture Group, doing seed investments, but we’re not sure of the status of that initiative.