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Suresh Rajpal quits Trigyn
New Delhi: Former
Hewlett-Packard India chief executive who quit the computer peripherals major and formed
his own outfit, eCapital Solutions which later merged with Leading Edge Systems to form
Trigyn Technologies, has quit his outfit.
He expects to stay on for a further one months till the company finds a successor to
replace him. The company's board has accepted the resignation and appointed the current
chief financial officer K S Sudarshan as the chief operating officer.
Mr. Rajpal, who has close to 5 per cent in the company through stock options, stated that
the decision to resign was a personal decision. He was contemplating setting up his own
company in New Delhi with two or three ideas that he was working on.
Chase Capital holds 32 per cent of the company's equity while 25 per cent is held between
the three original promoters of Leading Edge. Around 17-18 per cent is held among
employees as stock options while the public holds the balance.
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