Balaji Telefilms Appoints Sanjay Dwivedi as Group CEO, Vimal Doshi Promoted to COO – Motion Pictures

Key Takeaways from the Announcement

• Sanjay Dwivedi is appointed as Group CEO of Balaji Telefilms while retaining his role as Group CFO, bringing 30 years of expertise in finance and operations to lead the group’s strategic growth.
• Vimal Doshi has been promoted to COO – Motion Pictures, where he will oversee operations, marketing, and new project development, bolstering Balaji’s film division.
• Balaji Telefilms remains committed to maintaining its legacy in TV production, and innovative films, and expanding digital offerings through its platform, ALT Digital.

A 30-year veteran in the Media & Entertainment and FMCG sectors, Dwivedi has played a pivotal role in Balaji's growth since joining the group in 2013. Over the years, he has spearheaded critical financial initiatives like fund-raising activities, tax optimisations, and Treasury management and has worked extremely closely with the Board and senior leadership.

Additionally, Vimal Doshi former EVP of Distribution & Syndication at Balaji Motion Pictures-will now serve as the newly designated COO for Motion Pictures. In a diverse career spanning over 26 years of working in the film industry and over ten years at Balaji, Doshi has made huge contributions to projects such as theatrical distribution, syndication, and strategic partnerships. He will oversee operating, marketing, distribution, and new project development in the film division in the new role.

Commenting on the leadership changes, Mrs Shobha Kapoor, Managing Director of Balaji Telefilms, said, “We are thrilled to elevate Sanjay and Vimal to these pivotal roles. Sanjay’s exceptional leadership and strategic expertise make him an ideal fit for leading the group as CEO. Vimal’s extensive industry experience will drive the growth of our motion pictures division, especially with exciting films in the pipeline. Under their guidance, I am confident Balaji Telefilms will achieve new milestones and create value for all stakeholders.”  

These strategic changes reflect Balaji Telefilms' commitment to strengthening its presence across television, film, and digital platforms while continuing to deliver impactful entertainment content.  

About Balaji Telefilms Limited  

Balaji Telefilms is a premier entertainment company in India, with good content from television, films, and digital. It has been the undisputed leader in the television space for more than two decades under the leadership of Mrs Shobha Kapoor and Ms Ektaa R Kapoor, with iconic shows like Kyunki Saas Bhi Kabhi Bahu Thi, Kasauti Zindagi Kay, and Naagin under its belt. To name its current hits, there are Kundali Bhagya, Kumkum Bhagya, and Bhagya Lakshmi.

In films, Balaji has delivered critically acclaimed and commercially successful titles such as The Dirty Picture, Ek Villain, and Dream Girl. The company’s digital platform, ALT Digital Media Entertainment, offers premium original content across diverse genres, targeting a digitally savvy audience.  

With a commitment to innovation and quality, Balaji Telefilms continues to set benchmarks in the entertainment industry and remains a household name across India.  

Key Takeaways from Expleo’s Arm Incorporation:

• The company has confirmed the incorporation of a wholly owned subsidiary in Saudi Arabia.
• The new subsidiary will provide Information Technology-enabled services to meet the demands of clients in the region.
• Expleo Solutions will hold 100% of the share capital in the new subsidiary, which will operate independently.
• The move aligns with Expleo's strategy to strengthen its global presence and expand its service offerings.

The new subsidiary will focus on providing Information Technology (IT) enabled services, catering to the needs of clients in the region. This move is in line with Expleo’s strategy to expand its global presence and enhance its service offerings.

The company has confirmed that Expleo Solutions Ltd. will hold 100% of the share capital in the new subsidiary. The subsidiary is expected to operate independently with a focus on IT services, and all transactions with it will be conducted on an arm's length basis.

About Expleo Solutions Limited:

Expleo Solutions Limited, part of the global Expleo Group, is a leading provider of engineering, technology, and consulting services. With over 30 years of experience, Expleo partners with organisations worldwide to drive business transformation, enhance operational excellence, and future-proof operations. The company is ISO certified and operates in multiple countries, including India, the USA, UK, UAE, and Singapore. Expleo supports clients across industries with services in digital transformation, product engineering, quality assurance, and innovation management. Its deep sector expertise and global delivery centres help businesses accelerate their digital initiatives and achieve long-term success.

Key Takeaways from the Announcement

• HCLTech and ServiceNow have launched an AI & Cloud Native Lab in Noida, adding to HCLTech’s global AI Lab network.  
• Labs will help clients leverage GenAI and agentic AI for enterprise service management and industry-specific solutions.  
• The initiative reflects the companies' 12-year collaboration to advance AI capabilities for businesses.  

The new AI Lab builds on the 12-year partnership between HCLTech and ServiceNow, focusing on leveraging GenAI and agentic AI to drive efficiencies in enterprise service management (ESM) and vertical-specific applications. Clients can explore proprietary assets, including HCLTech’s AI Force and Enterprise AI Foundry, along with accelerators like ValueNow for GenAI readiness, ComplyNow for security assessments, and AchieveNow for optimising AI outcomes.  

Jagadeshwar Gattu, President of Digital Foundation Services at HCLTech, remarked, “This collaboration reflects our commitment to helping clients adopt and scale AI capabilities early, unlocking efficiencies and driving business transformation.” Michael Park, SVP and Global Head of AI GTM at ServiceNow, added, “Our expanded partnership will accelerate AI adoption in India and the UK, empowering customers to maximise productivity and profitability.”  

Commenting on the announcement, Michael Park, SVP and Global Head of AI GTM at ServiceNow, said “Our expanded partnership with HCLTech will help us to accelerate AI adoption for more customers in the UK and India,” “These Labs will help empower customers to take control of their AI investments and unlock new levels of productivity and profitability across the enterprise.” 

About HCLTech  

HCLTech is a leading global technology company with over 218,000 employees across 60 countries, delivering cutting-edge digital, engineering, cloud, and AI solutions. With consolidated revenues of $13.7 billion for the 12 months ending September 2024, HCLTech serves clients across industries including financial services, healthcare, manufacturing, telecom, retail, and public services. 

Key Takeaways from the Announcement

• Valor Estate sold a 22,135 sq. meter land parcel to Prestige Estate; proceeds were used to reduce significant debt.
• Horizontal Ventures Pvt. Ltd. took ₹20.17 crore from Man Vastucon LLP. This helped increase the revenue flow.
• Valor's Debt-to-Equity Ratio is now at 0.34x (0.23x for real estate), the lowest in the industry.

The land parcel measuring 22,135 square meters in Village Mahajanwadi, Thane district, was sold for ₹262.42 crore. This is a vital step for Valor Estate on its journey to attainment of reduced debt burdens.

Valor Estate's subsidiary, Horizontal Ventures Pvt. Ltd., has an economic interest of 92.85% and received an additional ₹20.17 crore from Man Vastucon LLP, which includes an ongoing revenue-sharing arrangement related to property.

The entire consideration has been received, allowing Horizontal to redeem Non-Convertible Debentures (NCDs) totalling ₹234.68 crore. This transaction has substantially reduced the company’s debt, bringing the standalone secured debt at Valor Estate to zero and the consolidated secured debt to ₹1,650 crore, including ₹535 crore from hospitality ventures. The company’s Debt-to-Equity Ratio, as of September 30, 2024, stands at 0.34x, or 0.23x specifically for the real estate business, positioning it among the lowest in the industry.

This sale aligns with Valor Estate's strategic objective to achieve a debt-free status at the consolidated level in the near future.

About Valor Estate Limited

The company was incorporated in 2007, and the principal business activity had been construction, development of real estate, and undertaking related activities. The projects were mostly located in and around Mumbai at different stages of planning and under construction.