DEN Announces the Joining of Sheetal Garg as Vice President - Finance for Its New Broadband Foray

Den Networks Limited, India's leading cable TV distribution today announced the appointment of Mr Sheetal Garg as Vice President-Finance for its broadband division.

Den Networks Limited, India's leading cable TV distribution today announced the appointment of Mr Sheetal Garg as Vice President-Finance for its broadband division. This is in accordance with DEN's recent augmentation of the broadband leadership with a number of key appointments in the business.

Garg comes with an exhaustive experience of over a decade in due diligence, statutory audit and internal audit with the Big 4 consulting firms; he was till recently Vice President, Transaction Advisory Services with Ernst & Young.

Having spent around 7 years with EY with a remarkable exposure to over 100 due diligence assignments including strategic buy-outs, PR investments and carve outs in diverse sectors including education, technology, media and entertainment, telecommunication, etc, Garg is all set to leverage his vast experience in the new space.

As a part of his new mandate, Sheetal Garg would spearhead the Finance function of the broadband business. Prior to EY, he was associated with Deloitte (A.F. Ferguson) as a senior team member.
FCA from Institute of Chartered Accountants of India, Garg is hands-on with some marquee transactions for corporate giants nationally and inter-nationally, he also has various publications to his credit.

On his appointment, Mr. Sameer Manchanda, Chairman and Managing Director, DEN Networks said, "We are delighted to welcome Sheetal as part of the broadband leadership team. His diverse experience and acumen will be a great asset as DEN aggressively expands its broadband business."

DEN's expertise in cable television coupled with its strong nationwide presence in an estimated 13 million homes and with ~6 million digital cable subscribers provides it a strong platform to rapidly grow its broadband services. With the vision of offering double and triple play services to its subscribers, DEN has been investing over the last few years to build a large fibre optic backbone through a combination of owned and leased fibre. DEN will be leveraging DOCSIS 3.0 technology to deliver high speed broadband services to its consumers.

About DEN Networks Limited:

DEN Networks Limited is India's leading cable TV distribution company reaching an estimated 13 million households in over 200 cities across India. The company has been one of the frontrunners in the digitisation process and has over ~6 million digital cable subscribers.

DEN is present in 13 key states across India including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand and Bihar. The company has a leading presence in the economically important Hindi Speaking Markets (HSM) belt and has large market shares in its major cities of operation.

DEN has been investing over the last few years to build a large fibre optic backbone through a combination of owned and leased fibre. DEN will be leveraging DOCSIS 3.0 technology to deliver high speed broadband services to its consumers. DEN Digital - DEN's digital cable services brand is one of the market leaders in India's digital cable TV industry.

It has a strategic content distribution JV with Star, Zee and Turner called MediaPro. MediaPro is the exclusive distribution house of over 70 leading pay TV channels in India.

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