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Saturday, June 5, 1999

Digital plan okayed

ENS ECONOMIC BUREAU  
MUMBAI, JUNE 4: The shareholders of Digital India approved company's restructuring plans including sale of the company's domestic computer products and services business to Compaq (India) Private Limited at the extra-ordinary general meeting (EGM) held here today.

The transactions will be effective from June 27, 1999, the beginning of Digital India's new financial year. Among other decisions as part of restructuring plans, the shareholders approved the proposed appointments of Som Mittal as managing director and C S Murali as the chief operating officer (COO) of the company.

Mittal has been the key driver behind the growth of Digital India since 1994 and is responsible for the successful establishment of its software business while CS Murali has over 20 years experience in the information technology sector working with Tata Consultancy Services and LEC India

The shareholders approved the proposal to cede the domestic products and services business to Compaq-transforming Digital India into a focusedsoftware and services exports company.

Meanwhile, Compaq has announced the appointment of Balu Doraisamy, as the managing director of Compaq Computer (India) Private Limited.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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