On November 22, Nykaa's owner, FSN E-Commerce Ventures Ltd, announced the resignation of Arvind Agarwal, its chief financial officer (CFO).
On November 25, Nykaa told the stock exchanges that Agarwal will quit the company and resign from his position. He also stated that he would "pursue new opportunities in the digital economy and start-up arena."
The regulatory filing also stated that the company was hiring a new CFO.
Agarwal left Nykaa more than two years after he first arrived. In July 2020, he was hired to serve as the company's CFO.
Regarding his resignation, Agarwal stated, "I wish Nykaa the very best for the growth route ahead and will always be a part of the Nykaa family."
It's been wonderful to share in the amazing Nykaa trip thus far. All of my education and life experiences to date have prepared me for exploring many prospects for personal development in the start-up and digital economy sectors, he continued.
Falguni Nayar, the founder and chairman of Nykaa, praised Agarwal for the "vital role" he played in the company's development into a publicly traded and successful start-up. While we regret losing him, she continued, "we are aware of his personal goals and wish him luck."
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