Biggest Hiring Mistake: Ashneer Grover Slams BharatPe’s Board Chairman Rajnish Kumar
Launching an all-out attack at BharatPe’s board chairman and former State Bank of India (SBI) Chairman Rajnish Kumar, BharatPe’s ousted co-founder Ashneer Grover has called him his “biggest hiring mistake.”
Grover further claimed that this is “not only because of what transpired” but also because he overlooked the data.
Grover recently tweeted, “Rajnish Kumar was my biggest hiring mistake. Not only because of what transpired- but because I overlooked data. SBI stock tanked 25 per cent in 3 years (Rs 257 to Rs 192). That’s USD 8 billion of value destruction. After he left, it went up Rs 570 (up 200 per cent). Data is never dogla.”
Rajnish Kumar was designated as the chairman of the BharatPe board in October last year.
When hiring Kumar, Grover said that they look forward to invaluable guidance from Rajnish Kumar.
Grover added, "As we build India’s largest digital credit provider. We are confident that under his able guidance, BharatPe will attain new heights and build the best-in-class fintech for the new India."
This, however, is not his initial attack against BharatPe’s board members. Earlier this week, Grover dragged the CEO Suhail Sameer in his ongoing outburst and alleged that the latter led an elevated life on funds he brought up.
Grover tweeted, “Suhail (CEO)- bahut aish kar li Ashneer ke raised funds pe. Ladkiya bhi ghuma li Australia. Par hai to hum nalle- hiring, product, tech, UNITY bank, PA license, market share- kuchh nahi hil Raha humse. Kya Karen? Sumeet (GC)- Case karenge! Case karenge! Case karenge!”
These attacks came amid a legal scuffle between the Grovers, BharatPe and the fintech unicorn’s board. BharatPe has committed three lawful moves against Ashneer Grover, his wife and former head of controls, Madhuri Jain Grover, and their other family members.
BharatPe has filed a civil lawsuit in the Delhi High Court, a criminal complaint with the Economic Offences Wing and arbitration is clawing back Ashneer Grover’s local shareholding and taking away his co-founder’s title over alleged irregularities.
The fintech unicorn has sought over Rs 88 crore in harm.
His wife and former head of controls at BharatPe, Madhuri Jain Grover, are one of the accused in the civil and criminal lawsuits.
She has been prosecuted for creating fake bills, enrolling non-existent dealers to furnish services to BharatPe, overcharging BharatPe for recruitment, and hindering company funds for personal use.
