Prakash Nedungadi quits Madura Garments
Bangalore: Prakash Nedungadi has left the post of president of the AV Birla group-managed Madura Garments. Nedungadi was heading the domestic branded apparel major for three years following its acquisition by AV Birla from UK's Coat Plc in 1999. Nedungadi told the company staff about his decision to leave through an internal address on Friday afternoon.

He said the decision to step down was part of a career move and purely personal. He is expected to take up a new assignment abroad and most probably not in the garment sector. It is not clear who will succeed Nedungadi even though Vikram Rao, group executive president, Indian Rayon, informed the company management that AV Birla group will find a replacement for top man shortly. Reports say that speculation is also rife that Rao, who has been actively involved with the affairs of Madura Garments, in the past 18 months might assume complete charge now.
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