MB Kapadia, part of the top management, Mid Day Multimedia Ltd. has put in his papers. Kapadia, a veteran in the organisation, has spent 15 years in the company. During his tenure, he headed various departments — among them Finance & Administration.
For the last one year he has been taking care of HR as well. He was recently given charge of the IT department.
An official communiqué sent across by the company which mentioned Kapadia’s departure yesterday stated that Kapadia had played an important role in bringing the company from Rs 6 crore to Rs 100 crore.
In a recent restructuring, Kapadia was to report to Manajit Ghosal, CFO of the company. In the same restructuring, Bikash Banerjee, COO, News Media has been shifted from Ad Sales to Head Circulation. Ad Sales would now be led by Cyriac Mathew, who is presently heading the company’s North operations. Mathew, before leaving for Delhi, was heading circulation department of Mid Day.
As is known, Mid Day recently switched to two editions, one competing with morning national dailies and other in its older avatar. The late edition has been done away with.
As per sources, there were quite a few structural changes on the cards.