MUMBAI: Hinduja Ventures Limited (HVL)'s whole-time director Ashok Mansukhani will take over from Tony D’Silva aftre the latter completes necessary formalities.

D’Silva, after being with the Hinduja group for over four and half years, since August 2012, had expressed his desire to demit office in order to pursue other interests and spend more time with his family.

On 1 August, 2012, D’Silva took over as the HVL president and strategised the group’s media business. He went on to head Hinduja Group companies -- IndusInd Media Communications Limited and Grant Investrade Ltd. - as their MD and CEO, where he completed his service contract on 31 January ’17.

D’Silva, in a span of around five years, overhauled the group’s media businesses in a challenging and changing environment and put it on a strong platform for growth. Under his leadership, the business conceived and launched the unique Headend-in-the-Sky (HITS) platform, designed to boost the digitisation of local cable operators and MSOs.

D'Silva and his team established the concept of prepaid model in the cable industry, a revolution in the prevailing system of credit extension which was stressing out business.