After Sai Kumar, Ajay Chacko decides to step down at Network18

Chacko was with the group for over nine years and was elevated as COO in May last year

BestMediaInfo Bureau | Delhi | May 28, 2014

Ajay Chacko

Close on the heels of the departure announcement of Network18's Group CEO B Sai Kumar, it is learnt from reliable sources that Network 18 COO Ajay Chacko has put in his papers. The sources informed BestMediaInfo.com that the official announcement in this regard is likely to come anytime soon.

Chacko was elevated as Chief Operating Officer in May last year. He was with the group for over nine years and was also heading A+E Networks | TV18, the joint venture between A+E Networks, USA, and TV18. Additionally, Chacko was entrusted with the role of being the custodian of 'Brand Network18'.

In his earlier roles at Network18, Chacko has led many of the group's businesses such as CNBC-TV18, CNBC Awaaz and Forbes India, and has been instrumental in their ascendance as market leading media brands. He has also led the group's efforts in the business media domain as well as the successful launches of key digital properties of Network18. He has been responsible for the functioning of the JV between A+E Networks and TV18, now a key player in the Indian factual entertainment space with HistoryTV18 emerging as a top tier brand.

Prior to joining Network18, Chacko worked in financial services and media for over a decade. His earlier stints were with IL&FS (Infrastructure Leasing & Financial Services) and with Sharekhan as part of the start-up team. He started his career in the Indian Express Group where he worked in various capacities.

Also read: B Sai Kumar moves on from Network18

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