Sai Kumar has spent over 14 years with the group, since its formative days, and was Group CEO at the time of his leaving
BestMediaInfo Bureau | Delhi | May 28, 2014
In a surprise development, B Sai Kumar, Group CEO, Network18, has decided to move on from the group. The announcement was made on the Bombay Stock Exchange website. Sai has spent over 14 years with the group, since its formative days. As Group CEO, Sai charted out the companyâ€™s business turnaround and return to profitability.
Sai started his career with the Network18 group in Sales. Over the years he was responsible for creation and management of the groupâ€™s various ventures â€“ from the business news network in partnership with CNBC, to general news in partnership with CNN, to the groupâ€™s entertainment foray in partnership with Viacom, the infotainment play with A+E Networks, besides leading Network18â€™s digital forays. He also helped set up the groupâ€™s distribution foray â€“ IndiaCast â€“ in partnership with Viacom.
Commenting on the development, Raghav Bahl, Founder & Editor of Network18, said, â€śIt is not easy to describe Saiâ€™s role and contribution to the group. He has been one of the key pillars of the Network18 story. I am truly privileged to have been able to work with someone like Sai who has, I daresay, given the prime of his life to the growth and development of our baby called Network18, right from the days when it was a fledgling single channel operation to its evolution as one of Indiaâ€™s largest and most diversified and respected media companies. Needless to say, the Network18 family and I shall miss him dearly.â€ť
Sai said on his departure, â€śNetwork18 has been an extension of my family. I take with me very good memories and I will always cherish the time spent here. It has been a tremendous learning ground and I thank all my colleagues for the support, passion and hard work they brought to work every day. While all good things come to an end, I see it as a new beginning and I am positive and hopeful that Network18 scales new heights hereon.â€ť