Ajay Goel, CFO of Byju, has resigned, and the edtech startup has announced new finance leadership.


Byju’s stated on Tuesday that Chief Financial Officer Ajay Goel had left the firm. As India’s CFO, Nitin Golani has been given new responsibilities.

Pradip Kanakia has joined Byju's as a senior advisor. (Reuters)
Pradip Kanakia has joined Byju’s as a senior advisor. (Reuters)

 

Byju’s, an edtech startup, announced a substantial change in its finance department leadership on Tuesday. Ajay Goel, the company’s Chief Financial Officer, is likely to leave his position just six months after joining the business. Goel is returning to Vedanta, according to a company statement.

“I thank the founders and colleagues at Byju’s for helping me assemble the FY22 audit in three months,” said Ajay Goel, who is due to return to Vedanta Ltd on October 30. I appreciate the help I received throughout my brief but significant time at Byju’s.”

Byju’s also announced the appointment of Pradip Kanakia as Senior Advisor, and Nitin Golani has been given new responsibilities as India’s Chief Finance Officer (CFO), a post he will assume while continuing to serve as President – Finance.

“Pradip Kanakia brings extensive experience from a distinguished career spanning over 35 years, including leadership positions at Price Waterhouse and KPMG.” He has led audits for famous Indian and multinational firms, and he specialises in finance strategy, transformation, performance management, accounting, auditing, reporting, controls, compliance, and governance,” according to Byju’s.

Nitin Golani, the recently appointed India CFO and President – Finance, previously worked at Aakash Education as the Chief Strategy Officer.”He was instrumental in Byju’s $1 billion acquisition of Aakash in 2021, and he moved into an operational role at Aakash following the acquisition.” Nitin, a chartered accountant, started his career with Grant Thornton Bharat and has since worked for MetLife and Accenture Strategy. “On strategy development, capital planning, and financial analysis, Nitin will collaborate closely with the board, founders, and senior leadership,” said Byju’s.

The founders of Byju’s, Byju Raveendran and Divya Gokulnath, expressed their excitement over the new additions to the finance team. “Their experience, understanding and insights on business and finance will help us in our ongoing turnaround efforts,” their statement stated.

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