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Byju’s CFO quits in seven months

Ajay Goel, who joined Byju’s as CFO in April this year, has already Quit the edtech giant, the two said Tuesday. Goel will leave the firm after “completing the audit formalities” for the financial year ending March 2022 and return to mining conglomerate Vedanta, Byju’s said. Byju’s said it has appointed industry veteran Pradip Kanakia as a senior advisor and elevated Nitin Golani, who currently serves as President of the startup’s finances, as its 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,” said Goel in a statement. Tuesday’s disclosure is the latest slide for Byju’s, India’s most valuable startup, which is grappling with scores of governance, financial and optics issues. The startup is dealing with a group of lenders over a $1.2 billion term-B loan, and fighting another conflict with Davidson Kempner, which had originally agreed to extend as much as $250 million credit to Byju’s but is now instead pushing …

The post Byju’s Cfo Quits in seven months appeared first on Skeptic Society Magazine.



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Byju’s CFO quits in seven months

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