Adtech major Brightcom Group announced that Suresh Reddy has resigned from the role of Chairman and Managing Director and Narayana Raju has resigned from the role of Chief Financial Officer of the company, with effect from August 27, 2023.
According to the company’s exchange filing, “In just concluded Meeting of the Board Directors of the Company, the following matters have been considered and approved by the Board: Received and acknowledged resignation letters from Mr. Suresh Reddy, who was serving as the Chairman & Managing Director (CMD) of the company. Received and acknowledged resignation letters from Mr. Narayana Raju, who held the position of Chief Financial Officer (CFO) of the company.”
Suresh was the Chairman & CEO of Brightcom Group. Suresh founded two successful companies USAGreetings and Ybrant Technologies. He maintains a global network of trusted relationships with peer entrepreneurs, corporates, partners, institutions and the media. He has consummated, completed and integrated 10 major acquisitions for Ybrant Digital, coupled with fund raising.
Prior to co-founding two successful companies USAGreetings and Ybrant Technologies, he worked in various roles across different industries in Fortune 500 companies, such as Caterpillar, Chrysler, SBC(PacBell) and Charles Schwab.
Suresh holds an M. S. in Engineering from the Iowa State University and a B. Tech. in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, India.
Narayana Raju has over 29 years of experience in finance, accountancy, consulting, and business advisory across industry verticals. Before joining Brightcom Group, Raju worked with Cambridge Technology Enterprises Ltd. as Vice President of Finance and headed their Malaysian unit’s financial operations. He was also a part of a team responsible for initiating, stabilizing and operating a new revenue line by partnering with a few prominent companies in the IT / ITES industry.
Before Cambridge Technology Enterprises, Raju worked with Deloitte Consulting India Pvt. Ltd. as a Senior Business Advisor for ten years, with hands-on experience in functional analysis focusing on reducing complexity and improving efficiency and effectiveness. The aim was to shift the attention from operational matters toward supporting shareholder value.
In his previous roles, he was instrumental in setting up a costing system and group financial reporting system; these systems met statutory requirements, managed treasury and helped finance projects. Raju was involved in setting up accounting and finance back office, Amalgamation of group companies, project financing using the financial institutions / IPO route and managing the treasury, budgeting and planning for onshore capacity enhancements. He is a Grad. CWA, from ICWAI and Chartered Accountant (Final Group II) from ICAI, did his Bachelor of Commerce from Osmania University.
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