Mouli Raman steps down as OnMobile's MD and CEO

Mouli Raman, CEO and managing director of India's top mobile value added service (VAS) company OnMobile Global Ltd, has resigned from the post, the company said in a filing with the stock market. Raman, who is also a co-founder of the firm, will continue in the CEO's post till the management finds a replacement for him. OnMobile will make an announcement on the new CEO in due course, it said in the filing.

"It has been an extremely fulfilling journey as CEO and I look forward to OnMobile scaling newer heights," Raman said.

Raman, who is also a co-founder of OnMobile, took over as its chief in July 2012, after its CEO Arvind Rao stepped down from the position following alleged financial misappropriation charges.

A BE in Industrial and Production from Motilal Nehru National Institute of Technology, he had earlier worked at Infosys for almost 12 years.

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. Recently, OnMobile announced that it has agreed to sell its French subsidiary Voxmobili SA to New Jersey-headquartered Synchronoss Technologies Inc, a provider of synchronisation technology products, for $26 million. In the recent past, the firm was hit by corporate governance issues related to its co-founder and former chief Arvind Rao.

Earlier this year, OnMobile's CFO Rajesh Kunnath had resigned from his position at the company.

(Edited by Joby Puthuparampil Johnson)