Byju's, the tech company, has revealed significant changes in its financial leadership team. Ajay Goel, who had been serving as the Chief Financial Officer, is departing from the company just six months after joining. The statement from the company mentioned that he will be returning to Vedanta Ltd.
Ajay Goel, scheduled to rejoin Vedanta Ltd on October 30, expressed his gratitude, saying, "I thank the founders and colleagues at Byju's for their assistance in enabling me to assemble the FY22 audit in a mere three months. I am appreciative of the support I received during my brief yet impactful tenure at Byju's."
In addition to Goel's departure, Byju also announced new appointments to bolster its financial leadership team. Pradip Kanakia has been named the Senior Advisor, and Nitin Golani has been entrusted with additional responsibilities as India's Chief Finance Officer (CFO). Golani will continue in his existing role as President of Finance.
Pradip Kanakia brings a wealth of experience from a distinguished career spanning over 35 years, having held leadership roles at Price Waterhouse and KPMG. He has overseen audits for prestigious Indian and multinational companies and possesses expertise in various financial aspects, including strategy, transformation, performance management, accounting, auditing, reporting, controls, compliance, and governance.
Nitin Golani, the newly appointed India CFO and President of Finance had previously served as the Chief Strategy Officer at Aakash Education. He played a pivotal role in Byju's $1 billion acquisition of Aakash in 2021 and transitioned into an operational role at Aakash following the acquisition. Nitin, a chartered accountant by profession, initiated his career at Grant Thornton Bharat and has held positions at MetLife and Accenture Strategy. His responsibilities will include close collaboration with the board, founders, and senior leadership in strategy development, capital planning, and financial analysis.
The founders of Byju's, Byju Raveendran and Divya Gokulnath, expressed their optimism about the latest additions to the finance team, stating, "Their wealth of experience, understanding, and insights in business and finance will significantly contribute to our ongoing efforts in revitalizing our organization."
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