Ashok Nambissan & Nitin Nadkarni To Retire From SPNI

Sony Pictures Networks India (SPNI) has reported the retirement of two key leaders, General Counsel Ashok Nambissan and Chief Financial Officer (CFO) Nitin Nadkarni, effective August 31, 2024. Their contributions have been instrumental in shaping SPNI's success. 

Nitin Nadkarni, who joined SPNI in 2005, has been an invaluable leadership team member, driving the financial mandate and leading strategic financial initiatives for SPNI globally. As CFO, Head of Broadcast Operations and Network Engineering (BONE), and Head of Commercial, Nitin has been pivotal in optimising SPNI's commercial operations, ensuring maximum efficiency, and driving profitability through innovative strategies and diligent management. His sharp business acumen and analytical mindset have been instrumental in SPNI's financial growth strategy. He has guided SPNI on its sustainability journey, implementing numerous initiatives to achieve a zero environmental footprint by 2050.

With over four decades of experience in the financial sector, Nadkarni has garnered extensive expertise across industries, including engineering, speciality chemicals, and media & entertainment. His deep knowledge has significantly influenced SPNI's strategies and operations, providing a solid foundation for the company's future. Throughout his tenure, he has played a crucial role in fortifying SPNI's financial resilience, implementing robust internal controls, and enhancing our financial reporting systems. His steadfast commitment to transparency and accountability has set benchmarks within the organisation, ensuring the company's financial stability and growth.

"Working alongside the leadership team at SPNI has been an enriching experience. Our efforts have always focused on maintaining the highest financial integrity and operational excellence standards. I am proud of our efforts to foster a culture of accountability and precision. This commitment to excellence continues to drive our success and innovation in the industry," says Nadkarni.

According to NP Singh, MD & CEO, SPNI, “Nitin has been a pillar of strength for SPNI. His financial expertise, strategic insights, and unwavering commitment to excellence have significantly contributed to the company’s success. His leadership has been invaluable in navigating complex financial landscapes and driving sustainable growth. We are immensely grateful for his dedication and wish him all the best in his future endeavours.”

Ashok Nambissan, on the other hand, has been a vital part of SPNI since 2007, playing a crucial role in shaping its legal and regulatory framework and ensuring compliance across all operations. He oversaw the corporate relations, legal and regulatory affairs, and standards & practices functions for SPNI's businesses in India. As the company's ombudsperson, he demonstrated exemplary dedication to integrity and ethical conduct. His leadership successfully navigated SPNI through complex legal landscapes, safeguarding the company's interests and fostering a culture of compliance. Notably, Nambissa was instrumental in significant achievements such as renegotiating IPL rights and acquiring Ten Sports. His strategic insights and legal expertise have consistently propelled the organisation forward.

Reflecting on his time at SPNI, Nambissa remarks, "My journey at SPNI has been enriching and filled with growth and learning. I am grateful for the opportunities and the support of my colleagues, who made this journey memorable. Contributing to major negotiations and acquisitions and collaborating with industry bodies to shape regulatory frameworks have been career highlights. I am honoured to have been part of the network's evolution and the launch of new channels and digital platforms, which have been significant milestones."

N.P. Singh, MD & CEO of SPNI, shares, "Ashok’s contributions have been fundamental to our success. His legal expertise and strategic vision have guided SPNI through many challenges and opportunities. Ashok’s leadership in major acquisitions and his skill in navigating complex legal issues have set a high standard for our legal and regulatory practices. His involvement in initiatives like the joint venture with BBC Earth and the expansion of SonyLIV has been crucial. We extend our best wishes to Ashok for a fulfilling retirement."