Date: 27/09/2008

Bob Kondamoori to be the new MD of Semindia, as B.V. Naidu quits

The Managing Director of Semindia Systems B.V. Naidu has put in his resignation paper to join another company.

Semindia is the first company to announce fab investment plan after government has announced new SOPs for semiconductor chip manufacturing. The change in roles is happening amid the delay in establishing chip fabrication unit in Hyderabad.

Present vice-chairman of the group Bob Kondamoori will take over as the MD of SemIndia Systems, and Neeraj Saxena willl take over as the MD of SemIndia Fab.

B. V. Naidu, who was former-director for Software Technology Park of India (STPI) Bangalore and Hyderabad had played key role in India's IT development.