wordpress blog stats
Connect with us

Hi, what are you looking for?

Sameer Nair steps down as Balaji Telefilms’ Group CEO

Sameer Nair has stepped down as the Group CEO of Balaji Telefilms. He was previously in an advisory role with the company, and has relinquished his role in an executive capacity on the 15th of July 2017, following the end of a three year term. Nair will continue to advise the company.

Nair had joined Balaji Telefilms as Group CEO on the 15th of July 2014. Prior to joining Balaji Telefilms, he had been the CEO of NDTV Imagine, for five years. Before that he was the programming head, COO and eventually the CEO of Star India, in a career spanning 12 years. Balaji has, as the announcement says, a long relationship with Nair, especially since he was the programming Chief at Star TV when Balaji’s shows went on air in 2000.

Note that Nair is also a co-founder and a director on the board of One Network Entertainment, a YouTube MCN, running several channels.

Financial Results during Nair’s tenure

During Nair’s tenure, Balaji Telefilms reported both significant growth in revenues and profitability, although profitability declined in FY17.

  • FY14: Revenues of Rs 131.54 crores, profit of Rs 10.2 crores
  • FY15: Revenues of Rs 209.69 crores, profit of Rs 12.27 crores
  • FY16: Revenues of Rs 256.85 crores, profit of Rs 43.67 crores
  • FY17: Revenues of Rs 284.13 crores, profit of Rs 30.98 crores

In addition to that:

  • Balaji launched Alt Balaji, which houses as many as 32 original web shows produced by Balaji. Till 31st March 2017, Balaji had invested Rs 49.7 crores in ALT Balaji.
  • Acquired a controlling stake in Marinating Films Private Limited (MFPL) to showcase the Box Cricket League
  • STAR India exited Balaji Telefilms

 

 

Advertisement. Scroll to continue reading.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ