Mumbai: Balaji Telefilms on Tuesday announced the appointment of Nachiket Pantvaidya as the group chief executive officer. He will be responsible for the overall growth and success of the group’s profit and loss of operations.

Pantvaidya moves on from Asianet News Media & Entertainment, where he was the managing director. This would be Pantvaidya's second stint with Balaji Telefilms post his brief exit in March. Before Asianet, he held the position of Balaji Telefilms' group COO and ALTBalaji CEO.

Commenting on the development, Balaji Telefilms' MD, Shobha Kapoor stated, "We have an excellent camaraderie with Nachiket, and we welcome him back into the family. His proven track record of groundbreaking work is sure to continue in his second stint with us as well. I wish him all the best for this new beginning."

Balaji Telefilms' joint MD, Ekta Kapoor added, "Nachiket is an experienced professional and I look forward to once again teaming up with him and doing stellar work. On the growth of the overall Group."

Pantvaidya said, "It's a homecoming for me with Ekta and team, however with a larger mandate now. I am looking forward to planning a roadmap for further accelerated growth of Balaji Telefilms group."

Pantvaidya comes with a rich experience of over 20 years of experience in the mass and urban mass media business. His portfolio includes huge brands like Star, Sony, Disney, and BBC, to new a few.