Pradip Kanakia has been appointed as a senior advisor in the finance section.
This comes at a time when Byju’s is yet to furnish its audited FY22 results, which have been delayed by more than a year and are a key concern for investors, as well as lenders of its $1.2 billion term loan B. Byju’s statement said Goel will leave after “completing audit formalities”.
“I thank the founders and colleagues at Byju’s for helping me assemble the FY22 audit in three months. I appreciate the support received during a short but impactful stint at Byju’s,” Goel said in a statement issued by the edtech firm.
Goel’s exit from Byju’s comes at a time when the firm is racing against time to close its Aakash acquisition with the promoter family, the Chaudhrys. The company said in a statement last week that its much-delayed FY22 results would be presented during the week but they haven’t been filed yet. The company is also looking to sell group assets such as Epic and Great Learning to clear its $1.2 billion term loan B.
Golani was previously the chief strategy officer at Aakash Education, a test-prep subsidiary of Byju’s. According to the company’s statement, Golani played a crucial role in Byju’s acquisition of Aakash in 2021 and moved into an operating role at Aakash post-acquisition.
Discover the stories of your interest
“Their (Golani and Kanakia) experience, understanding and insights on business and finance will help us in our ongoing turnaround efforts,” Byju’s cofounders Byju Raveendran and Divya Gokulnath said in a joint statement.
