BYJU's CFO Ajay Goel quits in 6 months, Nitin Golani gets additional charge of India CFO

Adding to the series of challenges faced by the crisis-hit ed-tech company, Byju's, its Chief Financial Officer, Ajay Goel, is stepping down after just 6 months.

In a statement, BYJU'S said that its Chief Financial Officer, Ajay Goel, is stepping down after successfully concluding the financial year 2022 audit. As stated in the company's official statement, Mr. Goel will be returning to Vedanta.

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Ajay Goel expressed his gratitude, saying, "I thank the founders and colleagues at BYJU'S for their support in helping me complete the FY'22 audit within just three months. I am appreciative of the teamwork and assistance I received during my brief but impactful tenure at BYJU'S."

Byju's CFO Transition

In response to this change, BYJU'S has enlisted the expertise of industry veteran Pradip Kanakia, who will serve as the senior advisor. Additionally, Nitin Golani, the current President (Finance), will take on the added role of India Chief Finance Officer (CFO), responsible for managing the company's financial operations.

Goel's exit will come at a time when Byju's is all set to announce its FY22 financials anytime soon.

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Goel will transition to his new role at Vedanta once he completes the necessary formalities for the financial year 2022 audit, as mentioned in the statement.

The company is presently awaiting certain approvals to file its much- delayed financial results for FY2022.

Goel’s departure follows Deloitte quitting the startup in June 2023 as the auditor, alongside three of Byju’s key board members.