New Delhi
Edtech company BYJU’S Chief Financial Officer Ajay Goel has quit the company after completing the audit process for the financial year 2022 and is returning to Vedanta, the company said in a statement on Tuesday.
The edtech major has roped in industry veteran Pradip Kanakia as the senior advisor, and President (Finance) Nitin Golani has been given additional responsibility as India Chief Finance Officer (CFO) to handle the finance function of the company.
I thank the founders and colleagues at BYJU’S for helping me assemble the FY’22 audit in three months. I appreciate the support received during a short but impactful stint at BYJU’S, Goel said.
He will transition after completing the formalities of the financial year (FY) 2022 audit, the statement said. The company had planned a board meeting in the second week of October to adopt the result but it could not be held due to the resignation of Goel in process, according to sources.
While the audit process by Goel is complete, the auditor BDO (MSKA & Associates) will sign off the audit after doing due diligence as the resignation of the CFO has a material impact on the company’s audit process. The FY 2022 result will be placed before BYJU’s board for adoption after BDO (MSKA & Associates) completes the process, the source said.
Goel has resigned after his six-month stint at the company. BYJU’s announced his appointment in the first week of April as Group CFO but due to internal restructuring he was given charge of handling finance at India level. Within two months of Goel’s joining, BYJU’s auditor Deloitte resigned in June citing a delay in the submission of financial statements for FY 2022.
