Ajay Goel, CFO of Byju, resigns and rejoins Vedanta

 Ajay Goel, CFO of Byju, resigns and rejoins Vedanta

Ajay Goel, the chief financial officer (CFO) of Byju, announced his resignation on Tuesday in order to rejoin Vedanta Ltd.

Before departing, Goel will complete Byju's FY2021–22 financial statement, according to the edtech company.

On October 30, Vedanta announced that he will be joining. Mr. Ajay Goel rejoins the business "as part of the structured re-hiring program called 'gharwapsi,'" according to Vedanta.

After a lengthy hunt for a chief financial officer, Byju's, run by Think & Learn Pvt Ltd, announced the appointment of Goel in April 2023 with considerable hoopla.

I appreciate the founders and employees at BYJU'S for assisting me in putting together the FY22 audit in only three months. In a statement, Goel stated, "I appreciate the support received during a brief but significant tenure at BYJU'S.

Goel, who served as Vedanta's chief executive officer from April 2023 until the present, is returning home.

Ajay has a prior connection to Vedanta as the company's interim CFO and key managerial figure from October 23, 2021, until April 9, 2023. Ajay made a substantial contribution in his previous position at Vedanta by leading the finance unit, managing the company's finances, and enhancing business performance. He also played a key role in the efficient management of regulatory clearances, investment issues, capital allocation, investor relations, and significant M&A-related activities, according to a statement from Vedanta.

Sonal Srivastava, CFO of Vedanta, announced her resignation on October 24.

Goel has had positions at Nestle, General Electric, Coca-Cola, and Diageo-USL in the past.

Byju's said that it was elevating Nitin Golani, who is now the President-Finance, to the position of Chief Financial Officer for India.

The business also announced that Pradip Kanakia, a former executive at Price Waterhouse and KPMG, had been added to its advisory council.

Byju's has had trouble meeting deadlines for the release of its financial audited statements. In May, it announced the resignation of Deloitte Haskins and Sells, its longtime auditor, which resulted in the hiring of BDO as its replacement.

The business will shortly release its financial accounts for FY21–22. It has previously promised to make its FY23 financial results available by December 2023.