Balaji Telefilms has announced the appointment of Abhishek Kumar as the Group Chief Executive Officer. He has replaced Nachiket Pantvaidya who quit the company earlier this year in May.
Kumar has moved on from Jupiter Capital, the private equity funds, wherein he was working as the COO and General Partner of the new Funds of the group. Before Jupiter Capital, Kumar was running a venture capital network, at Rainforest Venture Network as Managing Partner and was also an advisor and partner to multiple family offices for technology and consumer investments.
Shobha Kapoor, Managing Director, Balaji Telefilms, said, "We are pleased to have Abhishek as Group CEO, and are confident that he is the right person to lead Balaji to the next stage of growth and value creation. He is a seasoned leader with a stellar leadership reputation. The Indian media sector is undergoing massive change which also creates enormous opportunities for us at Balaji, and Abhishek will lead the efforts with the rest of the team, to seize these opportunities and create value for all our stakeholders.”
Kumar said, "I am of the view that content will continue to remain a key and exciting space irrespective of the platform and value is being attributed to creators of content. Hence, at Balaji, I believe that I can add significant value through my experience in business strategy, M&A, operations and investing in technology and media.”
Kumar comes with an experience of 20+ years array of experience in business strategy, M&A, operations and investing in technology and media. He has been associated with renowned brands like Rainforest Ventures, Snapdeal, TV18 Broadcast Limited, and NDTV.
At Balaji, Kumar will be responsible for the overall growth and success of the group.