Ashneer Gover writes an emotionally charged resignation letter to BharatPe | Know what he has to say

Forced to bid adieu to BharatPe - Ashneer Grover

- In a letter sent to the Board, he said that he is being forced to bid adieu to a company of which "I am a founder".

- "Your views of businesses and problems on the ground are so coloured by the windows of the Ivory Tower in which you all reside that you have no connect whatsoever with the human element of the business. It is sad that you have even lost touch with the Founder. You`ve lost touch with me," he wrote in the letter.

 

(Pic: IANS)

The Founder of this company reduced to a button - Ashneer Grover

- He said in the letter that for the board of directors, "the Founder of this company has been reduced to a button to be pressed when needed".

- "I cease to be a human for you. Today, you have chosen to believe gossip and rumours about me instead of having a frank conversation. You are so easily spooked because you have no touch with reality," he added.

 

(Pic: IANS)

Ashneer claims to leave the company with three times the funds he utilised

- "I will not be participating in your charade".

- "Since you clearly believe you can run this Company better without me -- I am leaving you with this challenge. Build incrementally even half of the value I created so far -- I am leaving you with three times the funds I`ve utilised till date," said Ashneer.

"I hereby resign as the Managing Director of BharatPe, effective immediately. I also resign as a Director of the Board. I will continue as the single largest individual shareholder of the Company," he added.

 

(Pic: IANS)

Ashneer Grover called himself rebel slave

- In the letter, Ashneer said that he has founded and built "BharatPe into what it is today, and this identity, none of you can take away from me".

- "I am the rebel slave who must be hung by the tree so none of the other slaves can dare to be like me ever again. Unfortunately, I refuse to walk that path and refuse to tolerate this continuous and shameful vilification of me and my family," he wrote.

 

(Pic: IANS)

The company has created a network of more than 1 crore - Ashneer Grover

- "I have been the one who founded this company and built it up to its enviable position today, no wonder you want to oust me for your vested interests. So when do we end this? We end this now," the letter stated.

- "With my efforts and hard work, the company has created a network of more than 1 crore (10 mn) shopkeepers who transact more than Rs 100,000 crore ($16 bn) annually and lent out more than Rs 4,000 crore ($0.5 bn) as loans. It is indisputable that BharatPe loans have helped lakhs of small businesses fight organised e-commerce and COVID," Grover wrote in his resignation letter.

"With a team of less than five hundred on-roll employees, aggregate spending of less than $150 mn, and by raising $615 mn from ten of the marquee investors without using a single banker, the success story of BharatPe is for everyone to see," he continued.

 

(Pic: IANS)

"Am I perfect?” - Ashneer Grover

- "Am I perfect? As every other human being does, I am sure I have my follies. I have been told that I am too straight forward, headstrong, and have very demanding standards when it comes to work," Ashneer said in the letter.

- "Unfortunately, what has happened in the recent past seems to be a battle of egos being played to the gallery of the media under the charade of "good governance", he lamented.

 

(Pic: https://twitter.com/Ashneer_Grover)