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.
“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.
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.