Nachiket Pantvaidya, chief executive officer at Balaji Telefilms has stepped down from his post after a stint of one year.

“Pursuant to Regulation 30 of Listing Regulations, we would like to inform you that the Board of Directors at their Meeting held today i.e. May 20, 2022, through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) have taken on record, the resignation of Mr. Nachiket Pantvaidya, Group Chief Executive Officer of the Company, effective from the closing of business hours on May 31, 2022,” Balaji Telefilms said in a BSE filing.

The company appointed Priyanka Chaudhary as an additional director.

Balaji Telefilms appointed Pantvaidya as the Group CEO in July 2021. Prior to Balaji, he worked with Asianet News Media & Entertainment, where he was the managing director.

Before Asianet, Nachiket held the position of Group COO, Balaji Telefilms, and CEO at ALTBalaji.

As this was Nachiket’s second stint with the company post his brief exit in March 2021. Nachiket was responsible for the overall growth and P&L of the company.

Nachiket has 20+ years of experience in media houses. He has worked with organizations like Star, Sony, Disney, and BBC.