Subex co-founder resigns as Executive Director
Bangalore: The co-founder and Executive Director of the Bangalore-based telecom software maker Subex Systems Ltd, Alex Puthenchira has resigned as executive director on Wednesday.

"For the past couple of years, Mr Alex was not handling any operational responsibilities and was a financial investor. He has quit to pursue other options," said Mr Subash Menon, CEO, Subex Systems.

Puthenchira, who had co-founded Subex Systems in 1992 along with Subash Menon, has sold twelve lakh shares but continues to own another three lakh shares. In addition, he also continues to hold significant stake in Subex Holdings, which owns about 10 per cent of Subex Systems.
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ICAI elects office bearers
Chennai: Kamlesh Shivji Vikamsey and T.N. Manoharan have been elected President and Vice-President respectively of the Institute of Chartered Accountants of India for the year 2005-06.
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