Vodafone Idea on Wednesday announced that the company’s Chief Regulatory & Corporate Affairs Officer P Balaji has resigned from his position. He will be relieved from the services of the company with effect from close of business hours on January 10, 2024.
“We wish to inform you that P Balaji, Chief Regulatory & Corporate Affairs Officer of the Company has resigned. Accordingly, he will cease to be a Senior Management Personnel of the Company w.e.f. close of business hours on January, 10, 2024,” the company said in a regulatory filing.
In his resignation letter, P Balaji said that he is resigning from the company to pursue his personal and professional goals outside of VIL. P Balaji said, “I appreciate the opportunity given to me by Vodafone Idea Limited (VIL) to serve for over 9 years and am proud of the work we have done together to help transform the company. However, at this point in my life, I am eager to pursue my personal and professional goals outside of VIL. Accordingly, I would like to resign from the services of the Company with immediate effect. I shall be grateful if the Company releases me from my responsibilities at the earliest and waives the contractual notice period obligation.”
Earlier in December, Vodafone Idea reported an increase in active subscribers in September for the first time in 1.5 years. Per the data from the Telecom Regulatory Authority of India (Trai), out of the total 227.5 million subscribers, the company’s active subscribers at the end of September were at 199.8 million, an increase of 0.4 million from the previous month.
The last time Vodafone reported an increase in active subscribers base was in March 2022, when it was at 226.1 million. The reason for this surge in September this year can be attributed to improvement in subscriber mix with the addition of 4G users, according to analysts.