You can be on Entrepreneur’s cover!

SoftBank Loses Nikesh Arora Nikesh gave more details about his resignation via his Twitter handle

By Sneha Banerjee

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Nikesh Arora

SoftBank Group Corp Ltd President Nikesh Arora has announced his resignation from the post and the former Google executive will not be re-appointed to the post on Wednesday's shareholder meeting.

Nikesh said he would continue as adviser to the firm for a year. Since on boarding SoftBank, Nikesh has invested billions of dollars in start-ups including Oyorooms and Housing.com.

In a series of tweets in response to queries about his resignation, Nikesh said that he would continue to help startups. Via his Twitter handle @nikesharora, he said that Masayoshi Son, Chairman & CEO of SBG, will continue to stay at his post for another 5-10 years.

Nikesh was touted to be a potential successor to Son. Nikesh has been under the radar for quite some time by investors who had asked for an investigation into some of the deals signed by him with high-profile executives.

However, he was given a clean chit by a special committee of board members less than 24 hours ago by the company.

Sneha Banerjee

Entrepreneur Staff

Former Staff, Entrepreneur India

She used to write for Entrepreneur India from Bangalore and other cities in South India. 

Business Solutions

Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More

Pick up this package of popular Microsoft products for only a fraction of the price through April 16.

Business Solutions

Visualize Data for Better Business: MS Visio is $23.99 Through April 16

Set your team up for success with a reliable tool for creating organizational charts, diagrams, and more.

Business Solutions

Handle In-House Projects More Efficiently with MS Project Pro — Just $24 Through April 16

It's designed to help teams stay on task with features like management templates, timesheets, generators, and more.

Business Solutions

Scan Easier and More Affordably with This 20% Discount

iScanner is a mobile app that makes document management, editing, and sharing easier.

Marketing

Save Big and Get This Pro Collage App for $39.99

Edit, adjust, and create collages in seconds.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.