Mumbai: Zee Entertainment Enterprises Ltd. (ZEEL) has witnessed two more senior-level departures from its advertising sales division, with Gunjarav Nayak and Nitin Shetty stepping down from their respective roles, marking the latest in a series of leadership changes across the company’s commercial organisation.
According to media reports, Gunjarav Nayak has exited his role as Chief Sales Officer – HMG, Brand Works, IP and Digital Sales, while continuing responsibilities as Branch Head for the West market until his departure. Separately, Nitin Shetty has also moved on from the company after serving as Head – Sales Strategy & Planning (Linear and Digital).
The exits come at a time when ZEEL’s sales and business leadership has been undergoing an extended phase of restructuring, with several senior executives leaving the organisation over the past year even as new leaders have been brought in across key functions.
Nayak had assumed an expanded mandate in March 2026 following the company’s reorganisation of its national sales leadership across business verticals. In his role, he was responsible for strengthening premium revenue streams by driving branded content, intellectual property-led initiatives and digital sales, while also working to integrate ZEEL’s linear and digital offerings through cross-platform advertising solutions.
Shetty, meanwhile, concludes an association with ZEEL that began in 2015. During his more than decade-long tenure, he held several leadership responsibilities spanning media sales, strategic planning, revenue partnerships, key account management and cluster operations. As Head of Sales Strategy & Planning, he worked closely with advertisers, agencies and internal teams to develop revenue-led solutions across the broadcaster’s television and digital portfolio.
Over the years, Shetty also played a significant role in strengthening relationships with key advertisers and agencies while contributing to strategic account growth and national sales initiatives.
The twin departures add to the continuing churn within ZEEL’s commercial leadership, as the broadcaster recalibrates its sales organisation amid changing market dynamics and evolving advertiser expectations. Industry observers note that the company has seen an ongoing cycle of senior exits and fresh appointments across multiple levels of the organisation as it reshapes its leadership structure.
Neither executive has announced their next professional move.
