Hires & Promotions: Arvind Fashions, Byju's, CarDekho

Apparel Group India's Sneha Mahant Mehta joins Arvind Fashions as Head- Marketing: US Polo Assn (USPA)

Sneha Mahant Mehta, who led Apparel Group India as Head - Marketing (Victoria's Secret, Bath & Body Works, Charles & Keith, Aldo and more), has joined Arvind Fashions as its Head Marketing : US Polo Assn (USPA), reveal industry reports.

Mehta started her career at Madura Fashion & Lifestyle (Aditya Birla Fashion & Retail) and went on to work across Ocean Blue Bloating, The Indian Luxury Expo, GQ India, Gulf News and Vogue.

As the marketing manager of Louis Philippe, Mehta was involved in brand and product marketing for Louis Philippe, sub-brands LP, and Luxury and footwear business. She also looked after degree planning and execution at a national level across medium - print, online, PR, events, direct marketing, alliances & CRM. 

Byju's advisory board members Rajnish Kumar and Mohandas Pai quit

Rajnish Kumar and Mohandas Pai, who were Byju's advisory board members, have decided to move on and to renew their contract which is slated to expire by the end of June.

Kumar and Pai were roped in July 2023 by Byju Raveendran, the edtech firm's chief executive officer, to assist him on crucial subjects.

Currently, Kumar is the chairman of Mastercard, a role he assumed in September 2023.

Byju's, which has been embroiled in various legal battles with the investors, also saw the departure of Arjun Mohan, its CEO for India operations in April. Mohan, who was appointed in September 2023, at present, the company's day-to-day functioning, as per a media report, is being looked at by Raveendran.

In March, to cost-cut efforts and address the imminent liquidity crisis, Byju’s gave up all offices across India, retaining only its headquarters at IBC, Knowledge Park, Bengaluru.

This development came at a time when the company has been engaged in a dispute with its investors regarding the validity of the funds raised from a recently concluded rights issue offering.

As a result of the decision, the company mandated that all employees work from home indefinitely, except for those working out of its headquarters and approximately 300 Byju's Tuition Centres across the country.

This also came at a time when the company had held back part of February salaries for about 75 per cent of its employees. The company currently has close to 14,000 employees in India. Byju's, disbursed the payments after delaying it for about 10 days and promised to pay the balance once it is allowed to use the funds from the recently closed rights issue.

CarDekho Group appoints Neelesh Talathi as Group CFO

CarDekho Group has named Neelesh Talathi as the group's Chief Financial Officer (CFO). Talathi brings over 20 years of experience in business transformation, financial planning and analysis, equity financing, corporate governance and mergers and acquisitions etc.

Talathi’s appointment will further bolster the group's progress towards a successful IPO, stated the company. In his new role, he will be tasked with optimising capital allocation, enhancing M&A activities, driving financial planning and analysis, and unlocking new growth opportunities at the group level.

Before joining CarDekho, Talathi was associated with Mensa Group of Companies as its CFO. His expertise in navigating capital market volatilities, regulatory landscapes, and compliance requirements across geographies will further strengthen CarDekho’s position in national and international markets.

Talathi, in his new role, says, “It is an honour for me to take on the role of Chief Financial Officer at CarDekho Group. It is impressive to witness how the Group has sustained continued growth since its inception and changed the outlook of the auto and finance industry with its deep-rooted commitment to innovation and customer-centric solutions. Joining them on their journey, I am excited to further strengthen our financial foundation, enhance customer value, and foster sustainable growth.”