Ashok Mansukhani, a whole-time Director of Hinduja Ventures Limited ( HVL) , the holding company of the Hinduja Group’s media companies, will take-over from Tony D’Silva, on completion of necessary formalities. D’Silva, after being with the Hinduja group for over four and half years, since August 2012, has expressed his desire to demit office in order to pursue other interests and spend more time with family.
D’Silva had joined the Hinduja Group on August 1, 2012 as President – Hinduja Ventures Limited and strategised on the Group’s Media Business. He went on to head it as the MD and CEO of IndusInd Media Communications Limited and Grant Investrade Ltd. He completes his contract today on January 31, 2017.
D’Silva, in a span of nearly five years, had successfully managed to overhaul the Hinduja Group’s Media businesses in a very challenging and changing environment and put it on a strong platform for future growth. Under his leadership, the media business of the group, successfully conceived and launched the unique Headend – in – the – Sky (HITS) platform, designed to boost the digitisation of local cable operators and MSOs in the country. He and his team established the concept of prepaid model in the cable industry, contrary to the prevailing high credit extension norms that always stresses the business architecture.