Byju’s Ajay Goel resigns, re-joins Vedanta as CFO

Byju's Ajay Goel resigns, re-joins Vedanta as CFO

Byju’s Chief Financial Officer (CFO) Ajay Goel has quit barely six months after joining the ed tech.

Byju’s said it has made new appointments in its finance function, with Pradip Kanakia as Senior Adviser and Nitin Golani, currently the President-Finance, who will take charge as India CFO.
Goel has resigned to go back to Vedanta Ltd. He will join Vedanta on October 30.
Mining conglomerate Vedanta said on Tuesday that Sonal Shrivastava has resigned as the company’s CFO due to personal reasons. The company’s board has decided to reappoint Ajay Goel, who had left the company to join ed-tech startup Byju’s in April, as Shrivastava’s replacement.

Vedanta Resources Ltd faces about $3 billion of bond repayments in the next two years. The group has been engaging with bondholders on a potential restructuring of terms for the upcoming maturities.

The group recently announced a massive demerger, where it split its business into six different entities.

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