BYJU’S CFO Ajay Goyal resigns: Will return to Vedanta after 6 months, additional charge given to Nitin Golani

Ajay Goyal, Chief Financial Officer (CFO) of BYJU’S, the country’s largest education-technology company, has resigned from the post. He had joined the company only 6 months ago. Now he will again return to his previous company Vedanta. Goyal has stepped down after completing the audit process for the financial year 2021-22.

Nitin Golani will take over the post

According to a statement issued by the company, education sector veteran Pradeep Kanakia has been appointed as Senior Advisor. The company’s Director (Finance) Nitin Golani has been promoted and given additional responsibility as the Chief Finance Officer (CFO) of the company to handle the company’s finance work.

Kanakia has 35 years of industry experience, having held leadership positions at Price Waterhouse and KPMG, while Golani was previously Chief Strategy Officer at Aakash Education.

Company could not declare results for financial year 2021-22

The company has not been able to declare financial results for the financial year 2022-23. Let us tell you that the Enforcement Directorate (ED) had raided the company’s premises in April. ED had taken action under the provisions of the Foreign Exchange Management Act (FEMA).

Will take over as CFO in Vedanta from October 30

Before joining Byju’s, Ajay Goyal was working as Deputy CFO at Vedanta Resources. He joined BYUJS in April 2023. Goyal will rejoin Vedanta after completing the audit formalities for FY 2022.

According to the statement issued by Vedanta, Ajay Goyal will take over as the CFO of Vedanta from October 30, replacing Sonal Srivastava, who resigned on October 23 due to personal reasons.