MUMBAI: Jyoti Despande has been appointed as the president of the chairman’s office for the media and entertainment business at Reliance Industries Ltd (RIL). 

With this appointment, Deshpande has stepped down from her current position of executive director at Eros International Media (Eros) but will continue as non-executive non-independent director at the company.

Kishore Lulla will continue to hold his position of group chairman and CEO of Eros.

In her new role at RIL, Deshhpande will lead the company’s initiatives in media and entertainment to organically build and grow businesses, such as broadcasting, films, sports, music, digital, gaming and animation, around the content ecosystem as well as integrate RIL’s existing media investments such as Viacom18 and Balaji Telefilms with a view to build, scale and consolidate the fragmented USD 20 billion Indian M&E sector.

Earlier this year, RIL acquired 5 per cent stake through its subsidiary, in Eros with a view of producing and acquiring digital originals and Indian movies across all languages.