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GTPL Hathway, one of India’s leading digital cable TV and broadband service providers, has announced a significant change in its board of directors.
In a communication to the Bombay Stock Exchange (BSE) on October 1, the company confirmed Falgun Shah and Kunal Chandra’s resignation as independent directors. Both completed their second term on September 27, 2024.
Effective September 28, Dhiren Dalal and Sunil Sanghvi have joined the board as independent directors, marking a new phase of leadership at GTPL Hathway. The company, promoted by Anirudhsinh Jadeja, is optimistic about this transition as it continues to expand its presence across India.
GTPL Hathway’s annual report for FY 2023-24 highlighted impressive growth across several regions, including Andhra Pradesh, Telangana, Tamil Nadu, the Northeast, Delhi, Haryana, and Uttarakhand.
The company’s active subscribers increased by 550,000, bringing the total to 9.5 million, while its paying subscribers surged by 600,000, reaching 8.8 million annually.
The company also reported robust financial growth, with standalone revenue rising to Rs. 2028.52 crore and net profit reaching Rs. 76.24 crore. The appointment of the new directors comes as GTPL Hathway continues to strengthen its position in India’s rapidly growing digital and broadband sector.
