Prabhav Maniyar, 45, who took a local telecommunications company public, shepherded it through bankruptcy and emerged as its top executive, died of cancer Oct. 25 at Inova Fairfax Hospital. He lived in Vienna.
Well known in local technology circles, Mr. Maniyar joined Potomac-based Startec Global Communications Corp. in 1997. The company sells services to immigrants from Asia and India who use its voice-over-Internet-protocol network to phone relatives back home.
As chief financial officer, Mr. Maniyar and founder Ram Mukunda took the company public in 1997 in a $60 million stock offering. In December 2001, the company filed for protection from its creditors while it reorganized under bankruptcy law. Mr. Maniyar became chief executive, president and chairman when the firm emerged from bankruptcy proceedings last May, more than two years later.
He was a charter member of the Indian High Tech CEO Council and TiE (The Indus Entrepreneurs) and a board member of Net Commerce Corp. and Autoprof.com.
Mr. Maniyar was born in Ahmedabad, India, came to the United States in 1962 and grew up in Newport News, Va. He received an undergraduate degree in economics from Virginia Commonwealth University in 1982 and a master's degree in economics from Old Dominion University in 1985.
In 1985, he was recruited into the executive training program at NationsBank (now Bank of America), where he went to work in corporate finance. He advanced through several levels to manage a group responsible for financing technology companies in the Mid-Atlantic region.
In 1993, he left NationsBank to build the Witt Group of Companies from a small operation to an $85 million software and satellite concern within two years. He was the chief financial officer and senior vice president for corporate development of Eldyne Inc., Unidyne Corp. and Diversified Control Systems LLC (collectively known as the Witt Group of Companies). In 1996, he orchestrated the investors' exit of the Witt Group through a sale to the Titan Corp.
He enjoyed coaching youth basketball and served as an assistant to his wife, a commissioner of fourth-grade basketball in Vienna.
Survivors include his wife of 19 years, Manisha Maniyar of Vienna; two children, Arjun Maniyar and Ruhi Maniyar, also of Vienna; his mother, Pushpa Maniyar of Vienna; and a sister, Adya Maniyar of North Potomac.