The Board of Balaji Telefilms Limited at its board meeting today approved the appointment of Nachiket Pantvaidya as Group COO Balaji Telefilms Limited. Nachiket will continue to remain as CEO AltBalaji while having additional responsibilities at Balaji Telefilms across the television and movies business.

Nachiket joined AltBalaji in December 2015 and has very quickly scaled AltBalaji to be one of the leading OTT player in the country with the largest collection of original shows in Hindi and other Indian languages. He brings with him extensive operational experience and an excellent understanding of the entertainment ecosystem having worked across all facets of the media industry. Nachiket has previously worked in senior leadership roles across Sony Entertainment Television, Star TV Network, Fox Television Studio, BBC and Disney.

At Balaji Telefilms as Group COO Nachiket will work closely with the television and movies business to drive profitability and operational excellence across the Group. He will help lead the development and implementation of strong processes and controls across the group to deliver on our business plans.

Commenting on the appointment Shobha Kapoor Managing Director, Balaji Telefilms 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". – Equity Bulls