Niira Radia, the high-profile owner and promoter of the over Rs 100 crore Vaishnavi Group, has decided to call it quits
Media Release
Oct. 30, 2011

The leaked tapes of her alleged conversations was a key factor. The politicians want to distance themselves from her.

According to media reports, Most of the 110 employees handling clients are to be absorbed by the Tata Group and RIL as well as other clients. Including support staff, the agency had a little more than 300 employees. According to sources, about 40 have been absorbed in RIL. Some of the top managers have joined RIL’s corporate communications department, handled by the agency earlier. Radia, group sources said, had set up a team to make sure the employees got new jobs.

A Reliance Industries spokesman said the company regretted Radia’s decision not to renew any of her client mandates. “We have enjoyed a professional and fulfilling relationship with Radia and her team over the last three years.”

“Radia’s commitment has been very impressive and she has always led her team in a manner that tactical developments do not lead to a de-focus on the strategic issues. We do appreciate and respect her wishes for a compelling need to focus on her family and personal issues," he said.

Niira Radia, the high-profile owner and promoter of the over Rs 100 crore Vaishnavi Group, has decided to call it quits
Media Release
The leaked tapes of her alleged conversations was a key factor. The politicians want to distance themselves from her.
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