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Aakash appoints Alka Garg as CFO and Kanika Kumar Nijhawan as SVP of Marketing

EntrackrEntrackr · 17h ago
Aakash appoints Alka Garg as CFO and Kanika Kumar Nijhawan as SVP of Marketing
Medial

Aakash Educational Services, a provider of test preparation services in India for engineering and medical entrance examinations, has announced the appointments of Alka Garg as Chief Financial Officer (CFO) and Kanika Kumar Nijhawan as Senior Vice President – Marketing. These appointments support the company’s ongoing commitment to strengthening and professionalising its management to achieve accelerated growth and business excellence. Alka Garg brings over 22 years of strategic and operational experience across listed enterprises and high-growth startups. She has partnered with founders, CEOs, and executive teams to drive enterprise value creation, enable profitable scaling, and ensure sustainable growth. In her role, she will lead AESL’s finance function, spearhead financial strategy, improve operational efficiency, strengthen governance structures, and support the company’s future growth plans. Before joining AESL, she served as Chief Financial Officer at Yum Restaurant India, where she played a key role in shaping the financial strategy for the KFC brand and improving overall business performance. Her prior leadership experience spans multiple industries, including roles at Siemens, GreyOrange, Bharti Airtel, and Deloitte. Kanika Kumar Nijhawan joins AESL with over 17 years of experience across the media, retail, and sports sectors. She brings deep expertise in brand building, strategic marketing, digital and performance marketing, and omnichannel engagement. Prior to AESL, she spent a decade at Adidas India as Director – Brand Marketing. She has also previously worked with HT Media and Sony Entertainment. Aakash Educational Services specialises in providing comprehensive preparation for high-stakes medical (NEET) and engineering (JEE) entrance examinations, as well as competitive exams such as NTSE and Olympiads. The company has a pan-India network of over 415 centres and more than 400,000 currently enrolled students.

Blinkit ropes in Flipkart’s Vipin Kapooria as CFO

EntrackrEntrackr · 1y ago
Blinkit ropes in Flipkart’s Vipin Kapooria as CFO
Medial

Quick commerce platform Blinkit has named Vipin Kapooria as its new Chief Financial Officer (CFO). This marks the Zomato-owned company’s first full-time CFO appointment in over two years. Kapooria previously held the role of Vice President and Business Finance Head at Flipkart, where he contributed for more than four years. According to Kapooria's LinkedIn profile, he served as the Business Finance Head for the mobiles, electronics, and large appliances categories at the Walmart-owned company. Moneycontrol reported the development first. Entrackr has reached out to Zomato for more information. This development follows the recent resignation of Hemal Jain, who oversaw finance operations for both Zomato and Blinkit. In August 2022, Blinkit's CFO, Amit Sachdeva, resigned and later assumed the role of CFO at IGT Solutions in early 2023. Most recently, Sachdeva was appointed as the CFO of the edtech unicorn PhysicsWallah. This marks the fifth high-profile departure from Flipkart, with its executives moving to rival companies. Notably, Swiggy has recruited four former Flipkart leaders, including Kanika Tiwari, Hari Kumar G (CBO of Instamart), Shalabh Shrivastava (SVP Driver Org), and Amitesh Jha (CEO of Instamart). Similar to Blinkit and Instamart, Flipkart has also ventured into the quick commerce space with its service, Minutes, currently operating in select areas of Bengaluru, Gurugram, and Mumbai.

Ranjan Pai’s stake buy in Byju's Aakash Educational Services gets CCI green signal

Economic TimesEconomic Times · 1y ago
Ranjan Pai’s stake buy in Byju's Aakash Educational Services gets CCI green signal
Medial

The Competition Commission of India has approved the acquisition of a significant stake in Aakash Educational Services Limited by Manipal Health Systems and MEMG Family Office. The move involves converting debt into equity and follows the approval of the conversion by the board of Aakash Institute. The acquisition comes as Byju's-owned Aakash Institute deals with disputes with investors, with Manipal chairman Ranjan Pai focusing on protecting his investments. Aakash Institute provides coaching classes and materials for medical and engineering entrance exams, as well as other educational programs. It reported strong financial performance for the year ended March 2022.

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