aha has announced the elevation of Ajit Thakur - the current Chief Executive Officer (CEO) - to the Board of Directors where he will be driving its future-facing initiatives, including aha Studio.
Further, Ravikant Sabnavis will be taking charge as the new CEO with immediate effect.
The OTT platform had recently announced that it will invest over Rs 1000 crores over the next three years to expand into newer genres and languages as well as to finance its ambitions of becoming a complete regional entertainment platform. These decisions are part of its growth plans.
aha's promoter, Ramu Rao Jupally said, "We are delighted to have Ravikant on board as the new CEO. aha will surely benefit from his rich experience, which spans many industries. Ravikant is passionate about fostering the growth of homegrown businesses in India, encouraging new ventures, and nurturing emerging talent. We are confident that Ravikant's unparalleled pedigree and exemplary leadership will propel aha to its next growth phase."
aha's promoter, Allu Aravind, said, "Ajit has been with aha since the inception of the company. He has managed to build aha into a brand that has captured the hearts of the Telugu-speaking audience and extended its presence into Tamil. In recognition, we are elevating him to the Board of Directors. In his new role, he'll continue to guide aha and focus on building newer initiatives, including aha Studio."
Sabnavis has over 30 years of experience in diverse industries, including Star TV, Kingfisher Airlines, Force India Formula One Team, United Breweries, Heinz India, and ConAgra Foods. He presently holds concurrent roles as a Charter Member of TiE - Mumbai and a member of the Startups and Entrepreneurship sub-committee of the Confederation of Indian Industry (CII) Western Regional Council.
Sabnavis said, "The aha team and I would like to create a truly experiential entertainment platform that every family member can enjoy, ranging from shows and daily series to movies, games, news, and very soon Metaverse. At aha, we are on a mission to redefine how people experience entertainment and tell the stories from deep India to the rest of the world through diverse and unexplored genres."