Balaji Telefilms Group announced on Wednesday the stepping down of Sameer Nair as its Group CEO from an executive capacity. He will relinquish his executive role with effect from 15 July, 2017. Balaji Telefilms has confirmed that he will return to a role in the advisory capacity.
On this development, he said, “It’s been an amazing experience working with Ekta, Shobhaji and all my other wonderful colleagues at Balaji. The company is in great shape; the TV business is doing well. We’ll soon add the DD shows to the mix in which the company retains IP. We now have in place a very measured approach to the movie business, and most recently we had a very successful launch of our global digital business with ALTBalaji. The management teams are in place and the company is well poised for its next phase of growth. On ALTBalaji, the shows have only just begun; the best of Ekta’s creative genius is yet to come. I remain a mentor and guide to the company and a close friend of the family.”
Nair has completed three years at Balaji Telefilms. Shobha Kapoor added, “Sameer is more like family to us; we have a relationship dating back to 2000 when we first worked together on Star Plus. In the past three years, the company has made many significant strides most notably in the digital domain and the launch of ALTBalaji. The leadership ranks of Ketan Gupta (COO – TV), Sanjay Dwivedi (Group CFO) and Nachiket Pantvaidya (CEO – ALTBalaji) and their teams continue to do a great job of driving topline growth and bottomline profitability. We wish Sameer the very best in his future endeavours and are happy to have his continued support as an advisor and friend.