Satyen Vyas, Promoter and Director of Benguluru-based Vitage Group has sold
his stake in the company and joined Dell as Director, SMB. Sources declined to
share any details pertaining to the stake that has been sold or its value. The
Corporate Communications in Dell too confirmed that Satyen Vyas has joined Dell
as Director of SMB.
Commenting on the exit of Vyas from Vitage, E Manikandan, CEO, Vitage Systems
said, "Satyen has played a very important role in building Vitage Systems and
Vitage Group to take it to this position." He also said that Vitage would remain
the same and wouldn't be acquired by any other company post Vyas' exit. "Vitage
would remain as usual and focus on its business as per plans. There are many
others, who have been part of the organization and group and continue to drive
the organiza tion. This development in Vitage will not cause any adverse impact
to Vitage Systems," Manikandan claimed.
When contacted, Vyas refused to comment on the scenario.
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Vyas was a promoter of Vitage Group and Director since 1996. A mechanical
engineer from REC-Nagpur and Management graduate from IIM-Bangalore he was
responsible for building the organization from scratch, which now has more than
500 employees and has clocked a turnover of Rs 125 crore in 2007-08. Prior to
his 12-year tenure in Vitage as a Promoter and Director, Vyas was working as a
Regional Manager for six months in PowerTel BOCA. Before that he worked for
almost five years as a Business Manager in Godrej Trading and Services, which
later become Tech Pacific India and was eventually merged with Ingram Micro
India and continues to remain one of largest distributor of IT products in the
country.
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