Vedanta’s Chief Financial Officer, Sonal Shrivastava, steps down from her position

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On Tuesday, Vedanta revealed that its Chief Financial Officer (CFO), Sonal Shrivastava, has tendered her resignation in the midst of a significant restructuring initiative announced last month. The company stated that Ajay Goel, the current CFO of the Indian edtech startup Byju’s, will return to serve as Vedanta’s CFO, assuming his role from October 30th.

Vedanta, led by billionaire Anil Agarwal, had previously disclosed plans to reorganize its diverse conglomerate into six distinct businesses as part of a strategy to enhance the group’s financial performance.

Sonal Shrivastava had joined Vedanta in June and was the third individual to hold the CFO position since 2021, following GR Arun Kumar and Ajay Goel. Ajay Goel had resigned from Vedanta in April to take on his role at Byju’s.

Ajay Goel, currently incumbent CFO at Indian edtech startup Byju’s, will return as Vedanta’s CFO effective from Oct. 30, the company said in a statement.