Airtel Digital head Adarsh Nair has resigned from the company after a five-year stint, according to a regulatory filing.
Nair joined Airtel five years ago and was elevated to the position of Director of Airtel Digital about four months back.
"We wish to inform you that Mr Adarsh Nair, Chief Product Officer of the company has resigned and accordingly, ceases to be a Senior Management Personnel. His resignation has been accepted on November 3, 2023, and will be relieved from his duties upon closure of business hours on February 15," the filing said on Friday.
While the regulatory filing mentioned his designation as chief product officer, the company's website mentioned it as director of Airtel Digital where he was responsible for Airtel ads, Airtel IQ, Wynk Music, and Xstream Video.
Advertisement
According to his resignation letter, he has put in his papers citing his plan to relocate back to the US early next year.
Last month, Bharti Airtel, the parent company of Airtel Digital and a prominent player in the telecommunications industry, unveiled its financial results for the second quarter of the fiscal year 2023-24. The company's net profit for this period was Rs 1,341 crore, marking a 37 per cent decrease compared to the Rs 2,145.2 crore it had reported in the corresponding period of the previous year. However, the company managed to achieve a total revenue of Rs 34,527 crore, which reflected a 7 per cent increase from the Rs 37,044 crore it had generated in the same quarter of the previous year.
Just one email a week