Kiran Kulkarni, MD and co-founder of Mumbai-based technology company Geodesic, known for innovations such as live Internet TV service called Mundu TV has been arrested by the Economic Offences Wing on Monday. On December 15, 2005, the company made it to business publication Red Herring ’s Small Cap 100 list. In 2014, the Bombay High Court had passed an order of winding up the company for defaulting on loans and failing to pay foreign currency. Mr Kulkarni has been arrested for cheating.