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Cleartrip’s CFO Aditya Agarwal Quits; Akshat Mishra To Lead Business Finance
Inc42
·
1y ago
Medial
Cleartrip's Chief Financial Officer (CFO), Aditya Agarwal, is stepping down due to personal reasons. Akshat Mishra will take over as the new head of Business Finance. Agarwal played a key role in shaping Cleartrip's financial strategy and organizational growth, including its merger and integration into the Flipkart Group, where he will remain for a few months to ensure a smooth transition. Mishra, with two years of experience within Cleartrip and eight years within Flipkart, reflects the company's commitment to nurturing internal talent. Cleartrip reported a net loss of INR 676.5 Cr in FY23.
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Paisabazaar appoints new CEO; cofounder Naveen Kukreja moves to PB Fintech as group president
Economic Times
·
4m ago
Medial
Paisabazaar has appointed Santosh Agarwal as its new CEO, while co-founder Naveen Kukreja becomes group president of PB Fintech. Agarwal, previously Policybazaar's chief business officer, will lead Paisabazaar into new savings and pension products. The company faced a 20% decline in its credit distribution business, though secured lending saw revenue increase. Vivek Audichya, the CFO, will be replaced by Neeraj Tripathi as Audichya moves to Policybazaar as CFO.
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Zomato’s Business Finance Head Hemal Jain Quits
Inc42
·
6m ago
Medial
Hemal Jain, the head of business finance and Hyperpure CFO at Zomato, has announced her resignation. Jain, who joined the foodtech company in 2018, will leave on January 31, 2025. This comes after Akriti Chopra, Zomato's co-founder and CPO, resigned earlier this year.
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Cleartrip names Manjari Singhal as Chief Growth and Business Officer
YourStory
·
3m ago
Medial
Cleartrip appointed Manjari Singhal as Chief Growth and Business Officer, succeeding Anuj Rathi who led significant company growth and campaigns. Singhal, currently at Flipkart, brings expertise in consumer behavior and strategic leadership. Ajay Veer Yadav from Flipkart expressed confidence in Singhal's ability to drive Cleartrip's expansion. Cleartrip reported a 96% revenue increase in FY24 despite higher expenses. Additionally, Aditya Agarwal will step down as CFO after nine years for personal reasons.
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Sterlite Power unit’s CEO Manish Agarwal quits
Livemint
·
1y ago
Medial
Manish Agarwal, the CEO of Sterlite Power Transmission Ltd (STPL), has resigned as the company prepares for its IPO. The exit of Agarwal, who has 25 years of experience in the energy infrastructure sector, was announced in an internal email by Sterlite Power MD Pratik Agarwal. Saikrishna Bendapudi, senior director and business head of overhead products, will serve as the interim CEO. Sterlite Power is currently awaiting approval from the NCLT for the demerger of its transmission business.
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Udaan CFO Aditya Pande resigns; firm announces senior-level changes
Economic Times
·
1y ago
Medial
Udaan, a B2B e-commerce firm, has announced that its CFO, Aditya Pande, is leaving the company after a three-year tenure. The company has also made other organizational changes, elevating Kiran Thadimarri to the executive management team and giving Vishnu Menon additional responsibilities. Thadimarri will oversee treasury operations, corporate finance, and corporate audit, while Menon will take charge of business finance. The goal of these changes is to strengthen financial and governance practices as Udaan seeks operational profitability and prepares for the public market.
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InCred CFO Vivek Bansal Quits To Float His Own NBFC Venture
Inc42
·
10m ago
Medial
Vivek Bansal, former group CFO of InCred, has resigned and is planning to launch his own NBFC venture called Saarathi Finance. Bansal is collaborating with Sunil Daga, president of Kotak Mahindra Bank, for this venture. Saarathi Finance is currently seeking approval from the RBI and is in discussions with investors to raise INR 600 crore at a potential valuation of INR 1,000 crore.
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Aditya Birla Finance to merge with parent in 12 months
Thehindubusinessline
·
1y ago
Medial
Aditya Birla Capital has announced the merger of its wholly-owned subsidiary, Aditya Birla Finance, to create a unified operating non-banking financial company (NBFC). The merger is expected to be completed within the next 9-12 months and will consolidate the business and entities, simplify the group structure, enhance financial stability, and align business plans. Aditya Birla Capital will convert from a holding company to an operating NBFC after the merger, with the equity investment in Aditya Birla Finance being cancelled. The merger is in line with RBI's scale-based regulations and is subject to regulatory approvals.
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Zomato's global finance head Hemal Jain quits
YourStory
·
7m ago
Medial
Zomato's global finance head, Hemal Jain, will be leaving the company by the end of January 2025 to pursue other opportunities. Jain, who has been with Zomato for six years, served as the global head of finance and CFO of Hyperpure. During his tenure, Jain played a significant role in financing Zomato's largest acquisition of Blinkit. Additionally, he focused on cost optimization and profitability enhancement, leading the company from a high monthly burn to organizational profitability. Jain's departure follows the resignation of Zomato's co-founder and chief people officer, Akriti Chopra, in September 2024.
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Byju’s CFO quits and rejoins Vedanta to oversee restructuring
Economic Times
·
1y ago
Medial
Byju's Chief Financial Officer (CFO) Ajay Goel has left the company after about six months and returned to Vedanta, which is restructuring its businesses. Nitin Golani, the current president (finance) at Byju's, will take on additional responsibilities as India Chief Finance Officer. Goel's departure comes as Byju's is yet to furnish its audited FY22 results, which have been delayed and are a key concern for investors and lenders. Byju's has seen several top-level exits recently and is looking to sell group assets to clear its $1.2 billion term loan.
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Walmart-backed Flipkart promotes Ravi Iyer as Flipkart CFO
YourStory
·
1m ago
Medial
Flipkart has promoted Ravi Iyer to CFO of its ecommerce division, effective immediately. Iyer, who has been with Flipkart for over 11 years, will handle CFO duties alongside his current roles in corporate development, group finance planning, analysis, investor relations, and the CEO's office. He will report to Sriram Venkataraman, Flipkart Group CFO, who recently moved to lead the Flipkart Group. Iyer's promotion comes amid other leadership changes within the company.
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