---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-087576"
form_type: "8-K"
ticker: null
cik: "0001826671"
company_name: "Near Intelligence, Inc."
filed_at: "2023-11-15T23:59:59+00:00"
generated_at: "2026-06-08T02:42:10.347383+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Near Intelligence terminates CEO and President for cause; appoints new CEO, interim CFO, and GC

## Summary
- CEO Anil Mathews and President Shobhit Shukla terminated for cause effective Nov 14, 2023, following internal investigation into financial mismanagement and alleged fraud.
- New CEO Gladys Kong receives $75k retention bonus; base salary raised to $350k retroactive to Oct 1.
- Interim CFO John Faieta gets $50k retention bonus; employment agreement provides $300k base salary and quarterly bonus tied to EBITDA/revenue.
- CFO Rahul Agarwal remains on administrative leave while investigation into financial mismanagement is ongoing.
- Paul Gross appointed General Counsel.

## SEC filing metadata
- accession: 0001213900-23-087576
- form_type: 8-K
- cik: 0001826671
- company_name: Near Intelligence, Inc.
- filed_at: 2023-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/ea188478-8k_nearintell.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-087576
- JSON: https://secwatch.observer/filing/0001213900-23-087576.json
- Plain text: https://secwatch.observer/filing/0001213900-23-087576.txt

## Key facts
- Executive change
  John Faieta was appointed as interim Chief Financial Officer at Near Intelligence, Inc..
  - Action: appointed
  - Role: interim Chief Financial Officer
  source text: On November 10, 2023, the Company entered into an employment agreement with John Faieta for continued service as interim Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm
- Executive change
  Anil Mathews was terminated as Chief Executive Officer at Near Intelligence, Inc..
  - Action: terminated
  - Role: Chief Executive Officer
  source text: On November 14, 2023, the Restructuring Committee of the Board of Directors (the “ Restructuring Committee ”) of Near Intelligence, Inc. (the “ Company ”) terminated the employment of Anil Mathews, the Company’s Chief Executive Officer, and Shobhit Shukla, the Company’s President, for cause, effective immediately, pursuant to the terms of their respective employment agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm
- Executive change
  Gladys Kong was appointed as Chief Executive Officer at Near Intelligence, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: On November 10, 2023, the Company entered into retention bonus agreements with Gladys Kong, the Company’s new Chief Executive Officer, following the termination of Mr. Matthews.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm
- Executive change
  Shobhit Shukla was terminated as President at Near Intelligence, Inc..
  - Action: terminated
  - Role: President
  source text: On November 14, 2023, the Restructuring Committee of the Board of Directors (the “ Restructuring Committee ”) of Near Intelligence, Inc. (the “ Company ”) terminated the employment of Anil Mathews, the Company’s Chief Executive Officer, and Shobhit Shukla, the Company’s President, for cause, effective immediately, pursuant to the terms of their respective employment agreements.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1826671/000121390023087576/0001213900-23-087576-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.