Business Standard

Board is charting out glide path for listing of BharatPe: Rajnish Kumar

The company's transition from an individuals-driven private firm to a board-driven listed public one will be carried out in a well-thought-through and well-executed manner, said the BharatPe chairman

Rajnish Kumar

BharatPe chairman Rajnish Kumar

Tamal Bandyopadhyay
Ashneer Grover, co-founder and managing director of BharatPe, resigned on February 28 after he went on “voluntary leave” in January until end-March. This followed an expletive-laced tirade on Twitter. The alleged phone conversation, which happened in October, was with a private bank employee, regarding funding for buying shares of Nykaa during the beauty retailer’s initial public offering. He resigned after BharatPe sacked his wife Madhuri Jain Grover, head of controls at the company, over allegations of misappropriation of funds, and Singapore International Arbitration Centre rejecting Ashneer’s petition against the company for initiating an investigation against him.

In his first no-holds-barred

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First Published: Mar 28 2022 | 6:10 AM IST

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