OnMobile Global CEO and co-founder Mouli Raman has resigned.
The Bangalore-based mobile value added services (VAS) provider did not share further details on the reasons for the departure.
Earlier, Arvind Rao, CEO and co-founder, had also stepped down from the company due to alleged controversies. He then moved to Reliance Jio Infocomm, a 4G LTE service provider promoted by RIL chairman Mukesh Ambani, and recently resigned.
OnMobile Global says the company made good progress in expanding its global footprint. Client wins for Ringback Tone business in Africa, Asia and Latin America were noteworthy, said OnMobile.
When he took over from Arvind Rao, the focus of Mouli Raman was to provide stability, continuity and focus to the company that he had co-founded.
His next move was not disclosed.
“He also led the company in laying the groundwork for the next stage of growth with increased focus on people, process and technology,” OnMobile said in a statement issued on Wednesday.
The VAS vendor, which is facing challenging market conditions in India due to telecom regulatory issues, will make an announcement on the new CEO in due course and Raman will continue as CEO till the new person is on board to facilitate a smooth transition.
OnMobile offers services in 59 countries to over 92 telecom and media customers. With over 1,600 employees worldwide, OnMobile has offices around the globe, including London, Paris, Madrid, Silicon Valley, Miami and Seattle.