BharatPe Co-founder Ashneer Grover resigns from the company

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BharatPe Co-founder Ashneer Grover resigns from the company
01 Mar 2022
7 min read


News Synopsis

The conflict between the Board of fintech company BharatPe and its co-founder Ashneer Grover has finally come to an end, as the latter submitted its resignation letter to the company’s management. There were serious allegations against Ashneer Grover and his wife Madhuri Jain for financial irregularities and fraud. Recently the  Singapore International Arbitration Centre (SIAC), provide no relief to Ashneer Grover as it rejected Grover's emergency petition last week against the ongoing 'Governance Review' within the company. Ashneer in his letter wrote:  "I am writing it with a heavy heart because today I am being forced to say goodbye to a company of which I am the founder. I say with my head high that today this company stands as a leader in the world of fintech. Since the beginning of 2022, there have been baseless allegations by some people against me and my family. This has not only hurt my reputation but also tarnished the reputation of the company. Being recognized as the face of Indian entrepreneurship, I am now wasting my time fighting a long, lonely battle against his investors and management. Unfortunately in this fight, the management has lost what is really at stake - Bharatpe.'' A few days back his wife Madhuri Jain has also submitted her resignation.

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