Aakash Moondhra, the global chief financial officer of Prosus-owned PayU, announced his resignation from the payments company on professional networking platform LinkedIn on Thursday but stated that he would remain in his position until September 30.
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“September 30, 2023 will be my last day at PayU/Prosus Fintech in the capacity of global CFO. It has been an extremely enriching and a gratifying journey … The business grew almost 20x (twenty-fold) in volumes crossing $100 billion in transaction volume processed, approximately 10X (ten-fold) in revenues crossing a billion dollars in and profitable,” shared Moondhra in his LinkedIn post.
Moondhra joined PayU in 2015 after spending 13 years as the finance department manager at V-Mart. Prior to that, he had held positions in a variety of departments at businesses like Snapdeal, ZestMoney, Nokia, Bharti Airtel, and AT&T.
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In the process of crystallizing value, we decided to sell part of the business and put India on the path to IPO with the right leaders in place. A Completion of the most satisfying chapter, he added.
Operations in regions like Africa, Central and Eastern Europe, and Latin America were part of PayU’s global business.
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