GTPL Hathway, one of India’s prominent digital cable TV and broadband service providers, has made key changes to its board of directors, signaling a new phase in its leadership. The company announced the resignation of independent directors Falgun Shah and Kunal Chandra, effective September 27, 2024, marking the end of their second term. Replacing them are Dhiren Dalal and Sunil Sanghvi, who joined the board on September 28 as independent directors.
This leadership transition comes at a time when GTPL Hathway, promoted by Anirudhsinh Jadeja, is expanding its footprint across India. The company’s latest annual report for FY 2023-24 highlights significant regional growth in areas such as Andhra Pradesh, Telangana, Tamil Nadu, the Northeast, Delhi, Haryana, and Uttarakhand.
GTPL Hathway reported an increase of 550,000 active subscribers, bringing the total to 9.5 million, and a surge of 600,000 paying subscribers, raising the total to 8.8 million annually. On the financial front, the company’s standalone revenue climbed to ₹2028.52 crore, with a net profit of ₹76.24 crore, reflecting robust growth.
The company remains optimistic that this change in board leadership will further strengthen its market position in India’s burgeoning digital and broadband sectors.
Key Highlights:
- GTPL Hathway has appointed Dhiren Dalal and Sunil Sanghvi as new independent directors, replacing Falgun Shah and Kunal Chandra.
- The company achieved significant growth in FY 2023-24, with active subscribers reaching 9.5 million and paying subscribers increasing to 8.8 million.
- Financial performance saw standalone revenue rise to ₹2028.52 crore, and net profit reached ₹76.24 crore.