Dhiraj Rajaram, founder and chairman of MuSigma, a data analytics company has divorced his wife, Ambiga Rajaram, who is also the chief executive of the company, affecting the future of one of India's unicorns that helps customers such as Microsoft.
The split after 21 years of marriage comes months after Ambiga, who was elevated as the chief executive of the company, and Rajaram relocated to the US, the latter as chairman. Both of them are US citizens. The duo claimed that their decision to separate as husband and wife would not have an impact on the company, the Economic Times reported on Tuesday. While Dhiraj is a founder, Ambiga joined the company as an employee before climbing up the ladder as CEO. The couple have a 12 year old son.
In March, an investor Aon Corp founder Patrick G Ryan claimed that Dhiraj Rajaram had cheated him of hundreds of millions of dollars by downplaying the company's prospects and buying back shares from the investor. He has filed a lawsuit against Rajaram in a US court.
Sequoia Capital, General Atlantic Partners, Mastercard and Fidelity are the other investors in the company.
“I don't expect any change in the management of the company due to the divorce. This is just a personal matter and will not have any impact on the company. Our commitment is to the employees of Mu Sigma and the shareholders. I'm still the CEO of the company," Ambiga was quoted as saying by the Economic Times. Separately, Rajaram was quoted as saying that Ambiga would eventually exit the company, but would remain as the chief executive of MuSigma in the interim. The promoters own about 48% in Mu Sigma, the newspaper quoted Rajaram as saying.
