CEO, Balaji Telefilms, quits; Vikram Malhotra joins as COO, Balaji Motion Pictures

R Karthik has quit the company after 12 years. Malhotra comes in from Kingfisher Airlines, where he headed the marketing function

A re-structuring is underway at Balaji Telefilms. Following the exit of two of its CFOs (including Sandeep Jain), R Karthik, chief executive officer, has also resigned.

Karthik, who was the CEO since April 2007, says that he will continue to be a part of the media and entertainment industries.

Speaking to afaqs!, Karthik says, "I've learnt a lot of things at Balaji in the 12 years that I've spent here. I wish to take those learnings to a new place."

Having an experience of 14 years in the media industry, Karthik has spent about 12 years of it at Balaji. He started at the media house as a senior marketing executive and rose to be its chief operating officer and eventually, CEO.

However, with numerous changes in the core team, Karthik chose to look for new opportunities. Though there have been offers from within the media and entertainment space, Karthik says that he hasn't made a decision yet.

Vikram Malhotra has been roped in as chief operating officer, Balaji Motion Pictures. The news has been confirmed by senior officials at Balaji Motion Pictures. Malhotra, however, was not available for comment.

Earlier, Malhotra was head, marketing, Kingfisher Airlines.

Ajit Thakur was the previous chief executive officer at Balaji Motion Pictures. He quit in July this year to join Multi Screen Media as business head.

Malhotra spent close to four years at Kingfisher Airlines and was an integral part of the launch of its international flights. He also took care of the Force India Formula One Team.

With about 10 years of experience in the industry, Malhotra was group marketing manager at the UB (United Breweries) Group prior to taking up the position at Kingfisher. He has also worked as product manager at Tata Communications and as brand manager and national sales manager at SC Johnson India.

Malhotra is a management graduate from the University of Mumbai. He graduated in 1999.