ZEEL Implements New Organisational Structure to Drive Growth
ZEEL Implements New Organisational Structure to Drive Growth has unveiled a new organisational structure in response to recent senior-level exits.
ZEEL Implements New Organisational Structure to Drive Growth has unveiled a new organisational structure in response to recent senior-level exits. This restructuring, led by CEO Punit Goenka, aims to streamline operations and enhance efficiencies across key business segments. The move comes in the wake of the collapse of the merger deal with Sony Group Corp’s India entities and the departure of several top executives, including Rahul Johri, Punit Misra, and Nitin Mittal.
ZEEL Implements New Organisational Structure
Under the new structure, ZEEL Implements New Organisational Structure to Drive Growth will take direct charge of key business verticals, including the domestic broadcast business. Amit Goenka, who has been leading the streaming business, will now oversee original content, movies, international broadcast business, enterprise technology, and broadcast operations & engineering. Ashish Sehgal will be responsible for integrated ad sales for the broadcast and digital businesses, reporting to Amit for digital business revenue and to Punit for broadcast business revenue.
Elevating Key Executives:
The reorganisation includes elevating key executives to take on additional responsibilities. Siju Prabhakaran will now oversee the South and West cluster of channels, while Samrat Ghosh will lead the East, North, and Premium clusters. Ruchir Tiwari and Vishnu Shankar will continue to lead the Hindi Movies cluster and Hindi GEC &TV, respectively.
Strengthening Business Segments:
Following the exit of Zee Studios CEO Shariq Patel, Umesh Bansal will lead the movie business, while Anurag Bedi will continue to lead the music business. These changes are part of ZEEL’s strategy to enhance the contribution of each business segment to the company’s bottom line.
Cost-Cutting Measures:
In a bid to reduce costs, ZEEL has decided to lay off 15% of its more than 4,500 employees. This move is in line with the company’s goal of achieving an 18–20% EBITDA margin by FY26.
Future Outlook:
ZEEL Chairman R. Gopalan expressed confidence in the new structure, stating that it reflects the company’s deep bench strength and positions it well for the future. CEO Punit Goenka highlighted the restructuring’s focus on building a resilient and enterprising team to drive the company forward.
ZEEL’s new organisational structure signals a strategic shift aimed at enhancing operational efficiency and driving growth in a rapidly evolving media landscape. The company’s decisive actions reflect its commitment to adaptability and resilience in the face of industry challenges.
