Jayant Chauhan, the Chief Product and Technology Officer of Mamaearth‘s parent company, Honasa Consumer, has stepped down from his role, according to a stock exchange filing by the company.
Jayant mentioned in his resignation letter to Honasa Consumer’s founder and CEO, Varun Alagh, “Due to personal reasons, I would like to tender my resignation from the post of chief product and technology officer of the company. My last working day with the organisation would be 30th November 2024.”
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Jayant Joined Mamaearth in 2020, Previously Part of Policybazaar
At Mamaearth, Jayant, who graduated from IIT Delhi, was in charge of product strategy and engineering. He headed the product development and infrastructure teams at the company’s Gurugram office. He joined the beauty and personal care company in November 2020. Before that, he was the chief product officer at Policybazaar and also worked at Paytm, Airtel, and Zomato.
Meanwhile, shares of Honasa Consumer rose 0.9% to Rs 428.90 on Tuesday at the BSE. Chauhan’s resignation was announced after market hours. He was classified as a “senior management personnel” by the company.
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Mamaearth’s Honasa Consumer sees growth of 19% YoY
In addition to Chauhan and co-founders Varun and Ghazal Alagh, Honasa Consumer’s senior management includes CFO Raman Preet Sohi, chief business officer Zairus Master, CMO Anuja Mishra, and company secretary Dhanraj Dagar. In August, senior vice president of commercial, Abhishekk Raj Pandey, who led sourcing, procurement, and manufacturing, left to co-found salon management software firm Zalon.
Moving further, Honasa Consumer’s operating revenue increased by 19% YoY to INR 554 crore for the April-June quarter. Their net profit went up by 62% YoY to INR 40 crore.
