Mamaearth's chief product and technology officer Jayant Chauhan resigns; Here's why

Jayant Chauhan, Chief Product and Technology Officer at Gurugram-based Honasa Consumer Limited, the parent company of MamaEarth, has announced his resignation.

The company revealed the news in a stock exchange filing, citing “personal reasons” as the cause for his departure. Chauhan’s resignation will officially take effect on November 30, 2024.

"Pursuant to Regulation 30 of Listing Regulations, we would like to inform that Mr. Jayant Chauhan, Chief Product and Technology Officer designated as Senior Management Personnel (“SMP”), has tendered his resignation with effect from closure of business hours on November 30, 2024 due to personal reasons," Mamaearth's parent company said in an exchange filing.

Jayant Chauhan shares letter

In a letter to CEO Varun Alagh, Chauhan wrote, "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 organization would be 30th November 2024. I would like to thank you, the Board and all my fellow colleagues for the invaluable support during my tenure and wish Honasa the very best for the years ahead."

Tenure and background

Chauhan joined MamaEarth in November 2020 and has been a crucial figure in shaping the company’s product strategy and technological advancements.

Before his role at MamaEarth, he was the Chief Product Officer at Policybazaar for nearly two years. He has also held senior leadership roles in companies such as Airtel, Paytm, Zomato, Reliance, and Samsung.

Chauhan is an alumnus of the Indian Institute of Technology (IIT) Delhi and has led the product development and engineering teams at the Gurugram-based company.

Mamaearth's financial performance

The resignation comes at a time when MamaEarth has reported significant growth in its financial performance. For the first quarter of FY25, the company posted revenue of Rs 554 crore, marking a 17.6% increase from Rs 471 crore in the previous quarter (Q4 FY24).

Its consolidated net profit rose by 62.9% year-on-year to Rs 40.2 crore, up from Rs 24.7 crore in the same quarter last year. The surge in profit was attributed to a strong sales momentum and expanding profit margins.