Chennai : Satyen Vyas, Promoter and Director of Benguluru-based Vitage Group has sold his stake in the company and joined Dell as Director, SMB. Company sources confirmed that he has quit the organization. However, they 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 organization. This development in Vitage will not cause any adverse impact to Vitage
Systems," Manikandan claimed.
When contacted, Vyas refused to comment on the scenario.
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.
Satyen Vyas joins Dell as Director, SMB
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