Aakash CFO Vipan Joshi quits as leadership churn deepens

Vipan Joshi, chief financial officer at Aakash Educational Services Ltd, has resigned effective 31 October, two people aware of the development said, adding to a leadership churn as the company proceeds with a rights issue.

- Salman SH

Vimal Joshi's exit follows that of Deepak Mehrotra, who was succeeded by Chandra Sekhar Reddy Garisa as MD and CEO.

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Joshi tendered his resignation about six months earlier, they said.

A spokesperson for Aakash confirmed the development. "Vipan Joshi spent a decade with AESL and has moved on as its CFO. We wish him continued success in all his future endeavors as he moves for career growth," he added.

Mint reached out to Joshi through calls and text messages, but he did not respond.

In a LinkedIn post a week ago, Joshi said he is "taking a moment to reflect" as he turns "the page to a new chapter in my career" after spending over nine years at Aakash. Joshi said he was moving "forward to explore new horizons."

Before joining Aakash in 2016, Joshi held finance leadership roles at Blinkit (then Grofers) and Snapdeal. He was later elevated to the position of Aakash CFO in October 2022.