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NXTDIGITAL Ltd appoints Mr. Vynsley Fernandes as CEO

Posted On: 2020-08-01 05:05:10

The Board of Directors of NXTDIGITAL LIMITED (Formerly known as Hinduja Ventures Limited) at its meeting held today i.e. August 01, 2020, on the recommendation of Nomination and Remuneration Committee appointed Mr. Vynsley Fernandes as the Chief Executive Officer (CEO) and Key Managerial personnel (KMP) of the Company with immediate effect.

Vynsley Fernandes is the Chief Executive Officer of IndusInd Media & Communications Ltd. (IMCL) - the flagship media business of the global Hinduja Group. He is a veteran media executive and one of India's foremost technocrats - with just under 30 years of experience in delivering and managing assignments globally - including DTH (Direct-to-Home) & HITS (Headend-In-The-Sky) platforms; digital cable networks; and news & entertainment channels.

Prior to joining IMCL in August 2018, Vynsley was the Executive Director at CastleMedia; a leading technology, media & entertainment consulting-to-delivery firm which he co-founded in 2010. At CastleMedia, Vynsley led the consulting practice, focussed on pay television platforms; with a client portfolio comprising amongst other - Lionsgate USA, UMS Norway, Econet Vision South Africa and Ansa Broadcast Malaysia. Vynsley also led the technical due diligence team - responsible for working with some of the top 500 private equity firms, looking to evaluate investments in the media technology space.

Prior to CastleMedia, Vynsley has managed high profile assignments for leading blue-chip media organisations including 21st Century Fox (then News Corporation), TATA SKY, ABP News and the 9X Network. He was the Principal Consultant at TATA Sky and part of the core team responsible for rolling out India's leading DTH platform, prior to joining the 9X Network as COO - responsible for setting up the technology and operations of India's first HD News channel NewsX.

Prior to that, he served as Operations Director - responsible for launching a 3-channel news network for STAR (now ABP News). He also spent a decade at STAR India managing key technology and operations portfolios.

With an academic background in Mass Communications and Media, Vynsley is considered a thought leader in the media & entertainment space and spearheads the Hinduja Group's media ventures of IMCL.

Shares of NXTDIGITAL LIMITED (Formerly known as Hinduja Ventures Limited) was last trading in BSE at Rs.394 as compared to the previous close of Rs. 401.95. The total number of shares traded during the day was 263 in over 20 trades.

The stock hit an intraday high of Rs. 403 and intraday low of 394. The net turnover during the day was Rs. 105360.

Source: Equity Bulls

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