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AirAsia India CFO stands down

Sunday, 16 August 20153 min read

AirAsia India’s chief financial officer Vijay Gopalan has tendered his resignation citing personal reasons.

"Vijay Gopalan has decided to resign for personal reasons. This has been a long conversation and drawn out decision," said CEO Mittu Chandilya.

"His contribution to help fuel a start up like Air Asia India is immensely appreciated. I will definitely miss Vijay, who has been a partner and stand up colleague who has helped set up prudent financial practice."

The board of directors has already started the search for a replacement, he said.

Chandilya is expected to take on the additional role of managing director, India during a management shake-up.

Meanwhile, major shareholder Tata Sons is increasing its stake in AirAsia India from 30% to 41%.