Key Highlights
- Gaurav Banerjee’s five‑year mandate as Managing Director and Chief Executive Officer now runs until August 2029.
- Two seasoned executives were elevated to Whole‑time Director positions – Ritesh Khosla as General Counsel (from 1 December 2024) and Sibaji Biswas as Chief Financial Officer (from 1 February 2025).
- In FY 2024, the company reported consolidated revenue of ₹6,511 crore and a net profit of ₹840 crore.
- SonyLIV, the group’s OTT arm, boasts 424 million subscribers as of June 2025.
Detailed Insights
Following the exit of long‑standing CEO NP Singh, Gaurav Banerjee was appointed as Additional Director in August 2024 and later confirmed as Managing Director & CEO via a shareholder resolution under the Companies Act, 2013. The new five‑year term officially commenced in August 2024 and is slated to conclude in August 2029, thereby ensuring leadership continuity.
In parallel, the board’s composition was strengthened with the accession of Ritesh Khosla (General Counsel) and Sibaji Biswas (Chief Financial Officer). Their appointments, effective from December 2024 and February 2025 respectively, signal a strategic focus on legal oversight and financial stewardship.
Financially, the group delivered impressive metrics in FY 2024: Revenue of ₹6,511 crore, Net Profit of ₹840 crore, Subscription Income of ₹3,206 crore, and Advertising Income of ₹2,825 crore. The enterprise operates 28 television channels across diverse genres and has positioned SonyLIV as a pivotal driver of digital viewership and subscription growth. The OTT platform’s subscriber base reached 424 million in June 2025, underscoring its expansive footprint in India’s entertainment market.
Key Concepts
- Managing Director and Chief Executive Officer (MD & CEO) – The chief executive responsible for the overall strategic direction and day‑to‑day operations of the company.
- Whole‑time Director – A board member who serves a full term and engages in ongoing corporate governance duties.
- OTT Platform – Over‑the‑top digital streaming service that delivers television and original content directly to consumers via the internet.