Sandeep Bhargava, Chief Executive Officer of The Indian Film Company (TIFC), a Network18 company, has recently put in his papers. June 30, 2010 will be his last day with the company. Haresh Chawla, Group CEO, Network18 and Viacom18, will take interim charge of the operations.
When contacted Chawla confirmed the development and said, “Yes, Sandeep has put in his papers and his resignation has been accepted. Over the last two years, Sandeep has made TIFC a successful business venture and we wish him luck in his future endeavours.”
When asked about future plans, Chawla said, “We are right now in the middle of planning our next phase of growth and will share the details with you, soon.”
The Indian Film Company is a specialist film investment company, which was admitted to trading on the AIM market in June 2007 and raised GBP 55 million in order to invest in a diverse portfolio of Indian films targeted at the Indian audiences across varying genre, language and budgets.
TIFC uses the services of Studio18, India’s largest vertically integrated motion picture company, to distribute, exploit and market its bouquet of in-house productions, co-productions and acquisitions. Studio18 is part of Viacom18, a 50/50 joint venture set-up between Viacom and Network18.