Another downturn in Byjus': Rajnish Kumar & Mohandas Pai exits Advisory Panel
Rajnish Kumar and T V Mohandas Pai, who joined edtech firm Byju’s advisory committee in July last year, will leave from the legal body toward the following month’s end.
As per Byju’s, Kumar and Pai have commonly chosen not to recharge the legally binding arrangement booked to end on June 30, 2024. Pai is the previous CFO and board individual from IT organization Infosys while Kumar filled in as the executive of the State Bank of India.
The pair mentored the board of directors of Byju’s and CEO Byju Raveendran during their time there. In September 2023, the organization designated Arjun Mohan as new Chief for India activities. In any case, Mohan likewise left the organization last month.
Raveendran, the company’s founder, is currently in charge of day-to-day operations. During Mohan’s ouster, Byju’s likewise declared that it is combining its organizations into three key divisions – The Learning App, Online Classes and Tution centres and Test-prep.
Kumar and Pai said in a joint statement says, “Our engagement with the Company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice. We wish the founders and the company the very best for the future”.
Byju Raveendran, founder & CEO, Think & Learn, states, “Rajnish Kumar and Mohandas Pai have provided invaluable support in the past year. The ongoing litigations by a few foreign investors have delayed our plans but their advice will be relied upon in the ongoing rebuild which I am personally leading”.
