Mumbai: Balaji Telefilms has elevated Nachiket Pantvaidya as its Group COO. The board of Balaji Telefilms has approved the appointment in a meeting held yesterday. In addition to his new role, Nachiket will also continue to function as the CEO ALTBalaji.
In his additional role as Group COO of Balaji Telefilms, Nachiket will be working towards boosting the television and movies business of the company and drive earnings with his operational efficiency across the Group. He will help lead the development and implementation of strong processes and controls across the group to deliver on the business plans.
Commenting on the appointment, Balaji Telefilms MD Shobha Kapoor said, “Nachiket joined AltBalaji nearly two years ago and has successfully created a strong and valuable B2C brand at AltBalaji. He brings strong leadership and management skills and will now work closely with the television and movies business to help transform the company as we now work to reach Indians globally across multiple screen formats. We wish Nachiket the very best and look forward to bringing together all our collective strengths and expertise to create value for our shareholders.”
As part of his second stint with Balaji Telefilms, Nachiket joined the its Digital venture, ALTBalaji and launched its OTT platform. Nachiket has previously worked in senior leadership roles across Sony Entertainment Television, Star TV Network, Fox Television Studio, BBC, and Disney.
It may be noted that ALTBalaji has received a huge funding from Reliance JIO and its Group CEO Sameer Nair left the company to join Applause Entertainment, the media initiative of Aditya Birla Group.