Brightcom Group Appoints Dr. Prahlada Ramarao as Advisor

Global technology firm Brightcom Group announced on Tuesday the appointment of Dr. Prahlada Ramarao as Advisor to its Chairman and Managing Director, M. Suresh Kumar Reddy. Widely known as the Father of the Akash Missile, Dr. Ramarao brings decades of defence research and development experience to the company.

Appointment of Dr. Prahlada Ramarao

Dr. Ramarao is a veteran of India’s missile development programmes. He served as Distinguished Scientist and Chief Controller (R&D) at the Defence Research and Development Organisation (DRDO). He was a key contributor to the Integrated Guided Missile Development Programme and played significant roles in the development of Akash, BrahMos, Prithvi, Agni, and Nag missiles.

In addition, Dr. Ramarao headed the Defence Research and Development Laboratory and later became Vice Chancellor of the Defence Institute of Advanced Technology. His appointment is expected to strengthen Brightcom Group’s leadership and advisory framework.

Regulatory Updates

The ad-tech firm had earlier come under the scanner of the Securities and Exchange Board of India (SEBI) for alleged accounting norm violations. By July 2025, Brightcom Group confirmed that it had addressed past non-compliances and fulfilled all regulatory obligations.

However, SEBI had indicated serious concerns regarding Brightcom Group’s adherence to the financial reporting and disclosure standards mandatory for publicly listed entities. The market regulator criticised the company for concealing information, failing to comply with regulations, and violating norms.

Last year, SEBI issued a show-cause notice to top executives, including Chairman and Managing Director M. Suresh Kumar Reddy, citing understatement of expenses and overstated profits between 2014–15 and 2019–20.

Following its regulatory compliance efforts, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) revoked the suspension on Brightcom Group’s shares, and trading resumed on July 14, 2025.

Brightcom Group Share Price Performance

On August 25, 2025, Brightcom Group share price opened at ₹16.90, down from the previous close of ₹16.59. During the trading session, it touched a low of ₹16.30 and eventually closed at ₹16.35, marking a decline of 1.45% on the NSE.

Conclusion

The appointment of Dr. Prahlada Ramarao adds notable expertise to Brightcom Group’s advisory team. Alongside the resumption of trading on stock exchanges, these developments mark a significant step in the company’s ongoing efforts to strengthen governance and restore market confidence.

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