Archive · 31 Jul 2025
JioStar's Ajit Varghese Resigns, Joins Madison Media as CEO
Ajit Varghese, who was in charge of revenue at JioStar, is now going to be the Group CEO at Madison Media.
This change comes after the merger of Reliance and Disney, which created JioStar.
Before, Varghese worked at The Walt Disney Company and also at Madison Media.
Mahesh Shetty will take over Varghese's old job.
JioStar, which includes streaming platform JioHotstar, was formed by combining different media companies.
The streaming platform had a lot of viewers during a recent cricket tournament.
Ajit Varghese is leaving JioStar to become Group CEO at Madison Media and OOH.
Varghese's resignation follows the Reliance-Disney merger and JioStar's formation.
Mahesh Shetty will replace Varghese as JioStar's new CRO.
Varghese previously served as COO at Madison Media from 1999 to 2006.
JioStar was formed after the merger of Reliance, Viacom 18, and Walt Disney media businesses.
- Who
- Ajit Varghese and Mahesh Shetty.
- What
- Ajit Varghese is resigning as CRO of JioStar to become Group CEO at Madison Media and OOH.
- When
- Varghese's resignation comes seven months after the Reliance-Disney merger in November 2024.
- Where
- JioStar and Madison Media.
- Why
- The reason for the move was not explicitly stated, but it involves a leadership change.
- Outgoing Role
- Chief Revenue Officer (CRO) at JioStar
- Incoming Role
- Group CEO at Madison Media & OOH
- Former Employer
- The Walt Disney Company
- Replacement
- Mahesh Shetty
- JioStar Formation
- Post-merger of Reliance, Viacom 18, and Walt Disney
- JioStar Valuation
- $8.5 Bn
- JioHotstar Subscribers
- 100 Mn
