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This is an archive article published on June 5, 1999
Digital revamp plan okayed
MUMBAI, JUNE 4: The shareholders of Digital India approved company's restructuring plans including sale of the company's domestic compute...
MUMBAI, JUNE 4: The shareholders of Digital India approved company8217;s restructuring plans including sale of the company8217;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 India8217;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 focused software and services exports company.
Meanwhile, Compaq has announced the appointment of Balu Doraisamy, as the managing director of Compaq Computer India Private Limited. Balu was previously director, global accounts, Asia Pacific Division and comes with vast experience across Compaq8217;s international business. Doraisamy takes over from Mittal.
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