CoinDCX CHRO Mudita Chauhan and CISO Sridhar G Step Down
CoinDCX has experienced another wave of executive departures as Mudita Chauhan, the Chief HR Officer, and Sridhar G, the Chief Information Security Officer, have resigned from their positions at the cryptocurrency exchange.
These resignations follow the earlier departure of Chief Technology Officer Vivek Gupta and legal head Tushar Tarun, who left the company three months prior, occurring as the exchange pursues international expansion plans.
In a post on X, Sumit Gupta, Co-founder and CEO, CoinDCX said, “After five impactful years at CoinDCX, Mudita Chauhan, CHRO, has decided to move on to pursue new opportunities. Sridhar G, CISO, is also moving on after three years with us, leaving behind a strong legacy through his contributions.”
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“Neeraj Khandelwal (Co-founder) and I have truly enjoyed working with both of them. They have been instrumental in shaping our journey not just by building systems and processes, but also by fostering a culture of resilience and trust. We remain deeply grateful and wish them the very best in their next professional endeavors,” he added.
According to Gupta, the company is actively working to identify successors for these positions and anticipates a seamless leadership transition.
The exchange encountered a security breach in July when hackers compromised one of its internal operational accounts responsible for liquidity management, resulting in approximately $44.2 million in losses.
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At the time, Gupta assured that customer funds remained unaffected and that primary assets were protected within their secure cold storage system. The platform's trading functions and INR withdrawal services continued operating without interruption.
Regarding business developments, CoinDCX introduced its virtual digital asset trading platform BitOasis in Bahrain as part of its broader expansion initiative across the Middle East and North Africa region, with plans to generate 30 percent of its revenue from this area by 2026. The company, which serves more than 15 million users, completed the acquisition of BitOasis in 2024.
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Previously, CoinDCX revealed a Rs.10 crore funding commitment for a countrywide financial education initiative designed to enable Indians to make well-informed investment choices within the digital asset sector. This program launches alongside India's 79th Independence Day festivities and aligns with the organization's goal of establishing India as the global cryptocurrency hub through educated market participation.
The educational effort will provide complimentary training sessions, resources in multiple languages, and instructional materials to clarify cryptocurrency and blockchain concepts for both traders and investors. The curriculum will encompass subjects from systematic investment plans (SIPs) to sophisticated options trading strategies, assisting participants in matching their investment decisions with their individual risk tolerance levels.
CoinDCX views the present expansion in cryptocurrency acceptance as a chance to develop a well-informed investor community and enhance India's standing within the worldwide digital financial landscape.