Jangoo Dalal quits D-Link India

Mumbai: Jangoo Dalal, MD and CEO, D-Link India has resigned from the company. Since D-Link India is a public limited company, this information was furnished to the Mumbai Stock Exchange and Dalal even announced his decision at the company's annual distributor gathering held in Mumbai on May 22, 2009.

A D-Link regional partner, who attended the distributor meet, said that Dalal announced his plans to join a financial institution which is into the mutual funds business. "This news did come as a surprise to us, because we thought that with the de-merger of D-Link India and Digilink, he would have played an even more important role in the latter organization," shared a partner on condition of anonymity.

Dalal joined D-Link in May 2007, prior to which he was President-India and SAARC, Cisco.

According to sources, the company will now be spearheaded by KR Naik, CMD, D-Link India. Three VPs of administration, manufacturing and sales and marketing will respectively report to him.

Dalal's resignation is amongst the latest in a string of developments in D-Link, which in October 2008, announced its de-merger plan where its passive business would be spun off into a separate company called Smartlink Network Systems, focused on passive components business. Naik owned a majority stake in it and therefore was to head the business.

This meant that D-Link India with a majority stake holding of 62 percent from D-Link Corporation, would continue with the active component business and would operate out of a new head office in Mumbai.

Earlier this year, D-Link and Digilink started working as two separate and independent entities. At that time, Naik had said, "Earlier we had thought of naming the new company as Smartlink Network Systems, however, on consideration we realized our cabling brand is already popular and hence it makes sense to retain Digilink as the company name."

Read full report in the coming edition of The DQ Week.