BharatPe’s Madhuri Jain denies tendering resignation

In a written communication to the company board, Madhuri Jain, head of controls at BharatPe, claims she never actually tendered the resignation it is said to have accepted, adding a new twist to developments at the fintech startup. Jain is the wife of Ashneer Grover, BharatPe's embattled cofounder.

Surprisingly, the firm stated that it had not requested Jain's resignation. "The board of BharatPe has never requested Ms Madhuri Jain's resignation." "As a result, the issue of the board accepting her resignation does not arise." On January 20, she was asked to take a mandatory leave of absence." In a letter to the Board, Jain describes the governance review as a "roving inquiry" aimed at tarnishing his reputation. Following multiple controversies, Ashneer and his wife Madhuri Grover took a voluntary leave of absence from the company, and the startup later launched an investigation into its corporate governance.

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