Three top professionals quit ICICI Venture
Chennai: Three top level professionals are said to be quitting ICICI Venture Funds Management Company, the country’s largest venture capital company. These include chief finance officer N Subramanian, chief of private equity investments Nitin Deshmukh, and group manager (private equity), R Sampath. The trio are believed to have been taken up by foreign venture capital outfits and insurance companies.

Subramanian, Deshmukh and Sampath are said to have put in seven years, 13 years and 10 years of service in ICICI Venture, respectively.

Towards the end of 2000 too, ICICI Venture lost many of its senior and junior level staff. ICICI Venture has seen some restructuring in recent times, with Renuga Ramnath, earlier CEO of ICICI's capital venture arm Econet, taking over as the managing director, and former ICICI Venture managing director and CEO A J V Jayachander moving to ICICI Bank. He has since left.

The management sees the resignations as routine, day-to-day affairs.
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