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Journalism of Courage
IT company Nucleus Software Exports announced the resignation of its Chief Operating Officer COO,Niraj Vedwa.
Vedwa had been associated with Nucleus Software for over a decade. In a statement,the company attributed the move to a change in its management structure effected by the board of directors.
Nucleus Software Chief Executive Officer and Managing Director Vishnu R Dusad will assume the additional charge of company COO as an interim arrangement.
8220;The company acknowledges the contributions made by Mr Vedwa at Nucleus Software growth during his tenure of over a decade with us,8221; Dusad said in the statement.
Nucleus Software provides IT solutions to banks and financial institutions. The company reported a revenue of Rs 194.15 crore and a net profit of Rs 33.74 crore for the 2009-10 financial year.
