Facebook India's MD resigns to pursue his startup dream
Umang Bedi, the MD of Facebook India and South Asia has resigned from the company today. Bedi will be leaving his role at the end of this year to pursue his startup dream.
Bedi joined Facebook to lead its South Asia and India operations in July 2016. Prior to that, he was leading Adobe's South Asia operations as a managing director. Facebook has expanded its business operations across the South Asia region under Bedi's
Facebook has crossed 240-million mark in India, making it the largest social network in India. Bedi's leadership has helped the company grow by 27 percent in India in last six months. The social network reported the growth of 12 percent in the US over the same period. Despite the strong gains, the social media penetration in India is just 19 percent of country's total population.
Facebook had appointed Umang Bedi to build strategic relationships with top clients and regional agencies in India and South Asian markets. Bedi took over the role as MD of Facebook from Kirthiga Reddy, who moved to the company's HQ in the US. Bedi focused on many verticals, brands, and agencies during his tenure at Facebook.
Umang Bedi will exit from Facebook in December 2017, Sandeep Bhushan will take over Bedi's role after his exit. Bhushan is currently a director of consumer and media for South Asia region at Facebook. Facebook has decided to hand over the role to Sandeep Bhushan as the interim MD.
Bedi has led multiple positions in his career. He was heading Sun Microsystems, Symantec, Intruit, and Adobe prior to his current position at Facebook. Umang Bedi has completed his engineering education from the University of Pune and the management program from Harvard Business School. He wishes to pursue his entrepreneurial dream after exiting from Facebook.