Television

Harish Thawani set to instal new Nimbus CEO

MUMBAI: Nimbus Communications Ltd CMD Harish Thawani is set to hand over the day-to-day management of the company he incorporated in 1987 to someone else, most probably from within his organisation. An announcement to this effect is expected by 25 May.

"The process of finalising a candidate is on at the moment," Thawani told indiantelevision.com, when asked who would be taking charge as CEO. "In the next 15 days we should hopefully have arrived at a consensus on just who that person will be and we hope to make an announcement by 25 May," Thawani said, adding his role would henceforth be to provide strategic direction to the company.

Thawani, who is out of the country at the moment, said he had consciously kept himself out of the selection process and the evaluations were being made by the company board comprising three independent members and four executive directors.

While refusing to commit on a name, Thawani said the next Nimbus CEO would be extremely strong on the creative side of the business. "We are looking for a leader who will provide the impetus to drive the creative side of the business and at the same time with whom our other business partners, whether it be advertisers, the sports side or production can be comfortable," Thawani said.

"To create consistency of output in the creative field" is the company's long term goal, Thawani said.

"This is not a sudden decision. We have been preparing for this for over a year and a half now. Internally, the decision had been taken that after the World Cup we would make the transition," he clarified.

"As I said earlier, what we will need is someone to manage the domestic business which is worth Rs 200 crores (Rs 2,000 million). Most of it though, is marketing led. We want to change that ratio toward content deliveries," Thawani pointed out.

While Thawani was mum on a likely choice of successor, the only one who fits the creative bill from within the company appears to be Nimbus COO Akash Khurana. An award winning actor and script writer (apart from being an engineering graduate, an MBA from XLRI, a former Telco executive and a Doctorate from TISS), is Khurana.

And what happens if a suitable candidate is not found after internal evaluation? "If we do not find a consensus choice from within the company we will then look outside."

Thawani said there were two personal interests that he wanted to devote more time to now. The first was the book that he was writing and the second a sports academy. "I have identified a place near Dehradun (in Uttaranchal)," he said. Initially the academy will offer sports scholarships to talented individuals. "But within two years we are looking at having a fully fledged sports academy running and it will be totally free for those who we believe have it in them to reach the top," he said.

But it is not as if the man will be taking a sabbatical or any such. "I will devote more energies to driving the global ambitions of the company. On the sports side, we have established ourselves. Now I am looking at pushing the film production side of the business globally," he said.

"We've already produced two movies and are in the process of completing our third. There are eight films in the pipeline that will roll out over the next 22 months. We expect to make an announcement about this in the next few weeks."

If all this comes as a bit of a shock, it's hardly surprising. It's a tad difficult to believe when looking at a company so closely linked in the mind and otherwise (Thawani holds 87 per cent of the stake in Nimbus) with its founder.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/mix%20%281%29.jpg?itok=RadP7NjK
Sony Mix's 'Media Ke Surtaj' season 2 ends amid fanfare

The Grand Finale of the second season of ‘Media Ke Surtaj’ was held on Friday at Bungalow 9 in Mumbai. Organized by SPN’s music cluster channels, Sony MIX and Sony Rox HD and hosted by RJ Salil.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/cnn%20%281%29.jpg?itok=fKi-fUKD
CNN-News18 revamp part two: 'India 360' & 'The Crux' launched

With an aim to provide differentiated content to viewers, CNN-News18 recently initiated a revamp of its primetime with the launch of new shows - Face-Off At 9 at 9 PM and Viewpoint at 10 PM. Continuing with this process, the channel will unveil two more shows starting tonight at 8 PM with India...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/cr%20%281%29.jpg?itok=63uALTqU
'Cristiano Ronaldo' & 'Sleeping Giant' to be premiered on Discovery

MUMBAI: Discovery is set to excite the audience in India by bringing the amazing stories of footballing legends to viewer’s screens across India. Cristiano Ronaldo - The world at his feet and Sleeping Giant – An Indian football story are the two movies Discovery will premiere under its recently...

Television TV Channels Factual & Documentary
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/brai%20%281%29.jpg?itok=Z-gKCljn
Tata Comm building global cloud-based media platform for VICE Media

MUMBAI: Tata Communications is building a global cloud-based media platform for VICE Media to enable the company’s producers and editors around the world to collaborate as if they were together in the same location. This represents a major shift in how VICE Media’s 5,000 employees work together....

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/GRB.jpg?itok=8aaGUN1Y
GRB brings Disney docu to UK & Japan, slate of docus to Germany

MUMBAI: GRB Entertainment has announced the sale of several of its top-selling docs to broadcasters in the UK, Germany, and Japan.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/Ekta%20Kapoor.jpg?itok=6xz7ukkM
Balaji seeks shareholder nod for consolidation of prod biz

BENGALURU: In September last year, the Balaji Telefilms Limited (BTL) board had approved the demerger of the film production business of Balaji Motion Pictures Limited (BMPL) and merger of Bolt Media Limited (Bolt) with the company. Both the companies are wholly owned subsidiaries of BTL. With...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/24/IPL.jpg?itok=auSlXz26
IPL 10 ramps up Sony channels ratings to numero uno position

BENGALURU: IPL 10 commenced on 5 April 2017. Just three days of the tenth season of the Indian Premier League cricket had catapulted Sony Pictures Networks India Private Limited (SPN) Hindi Movies channel Sony max to numero uno postion in the Hindi Movies genre for week 14 of 2017 (Broadcast...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Julia-Phelps.jpg?itok=E9GpScQg
Viacom names Julia Phelps as SVP comm & culture

Viacom Inc. has announced that Julia Phelps has been promoted to Senior Vice President, Communications & Culture. In the newly created role, Phelps will serve on the company’s senior executive team and lead corporate communications, corporate marketing and culture. Most recently, Phelps led...

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/04/22/Banatwalla-Shah-Hota_0.jpg?itok=39m1PqgF
Star World: Banatwalla, Shah, Hota & Prasad to battle it out in 'Game of Thrones' debate

MUMBAI: With season 7 set to launch soon, Game of Thrones fever has gripped the world yet again with fans speculating to see who will win the Iron Throne and who will die trying. Adding to this electrifying atmosphere, the country’s leading English entertainment channel, Star World will be hosting...

Television TV Channels English Entertainment

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories