Facebook India managing directorUmang Bedi has stepped down from his position, according to a statement by the social networking giant. Facebook India, in a statement, said "Umang Bedi will be leaving his role at Facebook at the end of this year". "He has built a strong team and business during his time with us, and we wish him all the best".
Umang Bedi joined Facebook after serving as managing director for India operations for Adobe.
Prior to that, Bhushan was a part of Hindustan Times, where he spent several years working first as the COO of Livemint and later as the VP Digital of HT Media. At the time of appointment Bedi had termed the new role as a promising opportunity, "I am thrilled to join Facebook and am looking forward to working with the talented teams in India, to help brands and agencies grow their business on our platform". Reports claim that, "under his leadership, Facebook revealed a three-fold business strategy for India". The aim of the initiative is to enable local entrepreneurs to earn a steady income by providing quality Internet access to neighbours. He will make his final exit from the company by the end of this year.
TRAI banned Free Basics past year, but since then, Facebook has launched Express Wifi which is another attempt at the Free Basics program, which brings connectivity to the masses.
Facebook which counted 142 million Monthly Active Users (MAS) as of March 2016, escalated to 201 MAS as of July, increasing over 50 million users in just the half of 2017.