Management revamps at S Mobility

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Management revamps at S Mobility

S Mobility Limited is to have in place a highly experienced and professional leadership team comprising a well qualified CEO, CFO and other Business & Vertical Heads, appointed to individually manage specific operations within the company as part of its endeavor to aggressively explore and drive growth opportunities across all avenues of the dynamic and ever evolving Mobile Internet business. With respect to this transition, the founder of the Company, Dr. B. K. Modi and other members of the Modi family will cease to play an executive role in the Company's operations.

A new holding Company, Si2imobility Private Limited will hold the promoter holding of 68.65% in S Mobility Ltd. With Dr B. K. Modi as CEO and Chairman of the Company, Si2imobility Private Limited has been formed to provide dedicated focus on the group's Mobile internet interests and will have its own Board of Directors that comprises an equal distribution of highly respected professionals and members of Dr. Modi's family.

Dr. B. K. Modi, Chairman and CEO of Si2imobility said, "This transition is in line with our endeavor to completely professionalize the operations of our Mobile Internet businesses with a view to swiftly and aggressively identify and take advantage of opportunities. We believe Mobile Internet is clearly the new wave and the future. In order to leverage the potential of this space, there is need for a highly capable, experienced and dedicated leadership team. We have already identified and begun appointing relevant professionals and will empower them by providing the team with infrastructure and all other necessary resources. Our Global Innovation Centre in Singapore will play a strong role in supporting the initiatives of our Mobile Internet business with the design and development of some cutting edge offerings. We will also look to leverage our scale to put in place a global supply chain for mobile devices besides setting up our own Mobile Application store. All of this will enable us stay well ahead of the innovation and technology curve in the Mobile Internet space."


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