Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.
He will be returning to his former position at Vedanta, a company currently undergoing a major demerger initiative dividing its operations into six separate entities.
This development is critical for Byju's, as it still needs to submit its FY22 results and is facing challenges with creditors regarding a substantial loan.
The company is also in the process of securing additional funding to sustain its operations. Byju's has announced new appointments in its finance department, appointing Pradip Kanakia as a senior advisor and elevating Nitin Golani, presently the president of finance, to the role of India CFO.
“I thank the founders and colleagues at Byju’s for helping me assemble the FY22 audit in three months. I appreciate the support received during a short but impactful stint at Byju’s," Goel said, according to Moneycontrol.
He will transition after completing the formalities of the FY22 audit.
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