Ashneer Grover resigned from BharatPe as MD & Director

Ashneer Grover, who had lost an arbitration that he filed against BharatPe, on March 1 resigned from the fintech firm as managing director of the company.

Grover had filed an arbitration with the Singapore International Arbitration Centre challenging BharatPe’s decision to conduct a governance review.

He also announced to resign as a director of the Board.

Grover’s resignation comes days after the company’s board sacked his wife Madhuri Jain Grover over alleged financial irregularities. She called the ongoing governance review an “eyewash and means to an end”.

Points to Note:

  • Ashneer Grover – resigned as MD & Director of BharatPe
  • BharatPe was co-founded by Ashneer Grover and Shashvat Nakrani in 2018.
  • Headquarters – New Delhi

 

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