One of India’s top mobile value added service (VAS) companies OnMobile Global Ltd has appointed Praveen Kumar KJ as chief financial officer (CFO), the company said on Friday.
A Chartered Accountant, Kumar has been with the company since 2006 and was part of the core team that worked towards the company’s IPO. Prior to this appointment, he was vice-president, finance, at OnMobile and also worked with Hewlett Packard, MetLife India, GE Capital and A. F. Ferguson in different capacities.
Kumar is the fourth CFO in the last three years. He replaces Rajesh Kunnath, who stepped down from the post in February this year. Back in 2011, Rajesh Moorti, OnMobile’s CFO at the time had put in his papers after serving the company for over five years. Post that, Amit Rastogi joined the firm as its CFO in early 2012, only to resign from his post within four months of joining the firm.
Besides the resignation of these CFOs, there has been a significant change in the leadership in other senior level management too. Last month, Barry White, an independent non-executive additional director on the company’s board left the firm. About two months ago, OnMobile’s co-founder and CEO Mouli Raman had resigned from the board of the company. Earlier, Arvind Rao, another co-founder and former CEO, had left the firm over corporate governance issues.
Founded in 2000 by Raman and Rao, OnMobile offers services like content management, aggregation and distribution, voice short codes, missed call alerts, multimedia push services, mobile search, ringtones, ring-back tones, phone backup, cloud address book, voice portals, music products, mobile radio, entertainment products like football, cricket, quizzes and gaming solutions, movies and a safety app called Help Me on Mobile.
Headquartered in Bangalore, the company offers services in 59 countries. With over 1,700 employees worldwide, it has offices in London, Paris, Madrid, Silicon Valley, Miami and Seattle.
For the quarter ended June 30, 2014, OnMobile had reported revenues of Rs 198 crore, an increase of 4.8 per cent over the year-ago period.
(Edited by Joby Puthuparampil Johnson)