Udaan CFO Aditya Pande resigns; Joins IndiGo's parent company as Group CEO

Udaan, India's largest business-to-business ( B2B) e-commerce platform, announced the resignation of its chief financial officer (CFO), Aditya Pande, the third top exit over the past few months. 

Prior to this, Udaan saw the exit of Vivek Gupta, the chief business officer of its Essentials business, and CTO Gaurav Bhalotia.

Pande's contribution

Vaibhav Gupta, CEO and co-founder of Udaan, said, "I would like to thank Aditya for his invaluable contribution to the organisation and wish him the very best in his future endeavours."

"During his tenure, Aditya played a pivotal role in shaping Udaan's financial strategy marked by strategic financial decision-making, implementation of resilient financial systems, successful fundraising and a razor-sharp focus on fiscal management," the company said.

Who is Aditya Pande? 

Aditya holds a Bachelor's Degree in Commerce from Shri Ram College of Commerce, Delhi University and a CA from the Institute of Chartered Accountants of India/is a member of Institute of Chartered Accountants of India.

He joined Udaan in February 2021 from the airline company IndiGo, where he also served as the CFO. He also had a stint at General Electric as the regional CFO, as per his LinkedIn page.

Over a career spanning 25 years, Pande has also worked at General Electric and US accounting firm Arthur Andersen.

Pande joins Indigo's parent

Following the departure, Pande joined InterGlobe Enterprises, the parent company of domestic carrier IndiGo, as its Group Chief Executive Officer, effective 01 March 2024.

Except for IndiGo, Pande will have overall responsibility for setting InterGlobe's strategic agenda and overseeing the company's line businesses and the corporate staff functions, Interglobe said in a statement.

Top executives set to fill in Pande's shoes  

Udaan did not announce a direct replacement for Pande. It would instead elevate two senior executives to give them additional finance responsibilities.

The startup's group finance controller, Kiran Thadimarri, has been elevated to an executive management team member. In his new role, Thadimarri will report to co-founder Vaibhav Gupta. Besides, Thadimarri will handle treasury operations, corporate finance, and audits, along with his existing responsibilities, as per media reports. 

Among other leadership changes, the head of corporate strategy and investor relations, Vishnu Menon, will take on the additional business finance responsibility. He will continue to report to the chief executive. 

Both Thadimarri and Menon will work towards further strengthening the financial and governance practices at Udaan to enable the company to achieve operational profitability.

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