Zomato’s global head of finance Hemal Jain steps down; “After much …,” wrote Jain in her resignation letter to CFO Akshant Goyal – Times of India

Zomato’s global head of finance and chief financial officer of its business-to-business grocery supply vertical Hyperpure Hemal Jain has resigned. The food and grocery delivery company Zomato informed the same to the stock exchanges. Jain’s departure comes close on the heels of Zomato being slapped with Rs 803 crore demand notice by goods and services tax (GST) authorities. In a statement, Zomato said that the company will contest the GST demand.
Hemal Jain has been with Zomato for over six years. She joined Zomato in the year 2018. Her last date at the Gurgaon-based company will be January 31. She reported to Zomato chief financial officer Akshant Goyal. Jain is among Zomato’s senior management team that worked on the company’s July 2021 initial public offering, and has spent more than a decade at Hindustan Unilever prior to joining the Deepinder Goyal-led company.

Hemal Jain’s resignation letter to Zomato chief financial officer Akshant Goyal

“I hereby tender my resignation as Head – Business Finance of the Company. Please accept my last working day as 31st Jan, 2025. I have had the privilege of being part of the Zomato journey and its dynamic team over the past 6 years. However, after much reflection, I have taken this tough decision to move on and explore a different path. I take this opportunity to thank everyone in Zomato for the support extended to me during my tenure. I wish Zomato the very best for continued success,” wrote Jain in her resignation letter shared by the company with BSE.

What Zomato told BSE on Hemal Jain’s resignation

“Pursuant to Regulation 30 of SEBI Listing Regulations, we would like to inform that Ms. Hemal Jain, Head- Business Finance, designated as Senior Management Personnel (“SMP”), has tendered her resignation today, December 16, 2024.

Zomato co-founder Akriti Chopra resigned with “immediate effect” in September

This is the second senior management departure at Zomato over the last few months after Akriti Chopra, the company’s cofounder and chief people officer resigned in September with “immediate effect”. Just days after Akriti’s resignation, Zomato’s independent director Gunjan Tilak Raj Soni too stepped down from her position with “immediate effect”. According to a stock exchange filing by the company, Soni left the online food delivery company due to ‘increased work commitments’. Soni joined Zomato’s board of directors before the food delivery company’s initial public offering (IPO) in July 2021.