Network18 loses Group CEO Sai Kumar, COO Ajay Chacko

29 May,2014

By A Correspondent


Sai Kumar

It’s been doing the rounds for a while. That post the elections, there would be a huge churn at leading media conglomerate Network18.


This one though is huuuuge. B Sai Kumar, Group CEO, has put in his papers. Having worked with the group for over 14 years and propelled it to the status it enjoys today, Sai has been part of all key ventures of the group. From business channel CNBC to the jv with Viacom, the partnership with A+E Networks, the formation of IndiaCast, the licensing deal with Forbes and the very ambitious digital foray. He was also on the board of the Group’s various joint ventures. In his role as Group CEO, Sai charted out the company’s business turnaround and return to profitability.


Raghav Bahl

Commenting on the development Raghav Bahl, Founder & Editor of Network18 said; It’s not easy to describe Sai’s role and contribution to the Group. He has been one of the key pillars of the Network18 story. I am truly privileged to have been able to work with someone like Sai who has, I daresay, given the prime of his life to the growth & development of our baby called Network18, right from the days when it was a fledgling single channel operation to its evolution as one of India’s largest and most diversified and respected media companies. But there comes a time in  life when one takes a heed to one’s calling and wish Sai all the best for that.


Said Sai: “Network18 has been an extension of my family. I take with me very good memories and I will always cherish the time spent here. It has been a tremendous learning ground and I thank all my colleagues for the support, passion and hard work they brought to work every day. While all good things come to an end, I see it as a new beginning and I am positive and hopeful that Network18 scales new heights here on.”


Ajay Chacko

Meanwhile, it is learnt that Network 18 COO Ajay Chacko has also handed in his papers. There are rumours that IBN Editor-in-chief Rajdeep Sardesai may also be leaving the organisation, though there is no confirmation of the same.


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