MUMBAI: RDS “Binni”  Bawa has joined the ranks of the senior management departing from the Network18 group. The chief financial officer, who was with the group for over 19 years, is a trusted aide of Network18 founder Raghav Bahl. Among those who have announced their resignations over the past 24 hours include Group CEO B. Sai Kumar, and Group COO Ajay Chacko, leaving Network18 leaderless. The industry is abuzz with the news that more resignations are expected over the next few days.

The company announced Binni's resignation through a notice to the Bombay stock exchange early this morning.

The 61 year old has about 34 years of work experience in cash flow planning, budgeting, liaison with banks and financial institutions, handling of public issues, project implementation, taxation, secretarial and other legal matters, MIS etc.

Prior to joining Network18, he worked with BHEL, Trackparts of India, Weston Components and Bestavision Electronics.

Said Bahl in the release: “Binni is decidedly the most dependable and trustworthy friend  who has unequivocally seen the Network18 group through its peaks and troughs.  His contrinbution to the group is immeasurable and I thank him for his support….”