Byju's CEO Arjun Mohan steps down serving 7 months of Exceptional Leadership
The chief executive officer of Byju’s India operations, Arjun Mohan has recently stepped down from his post within just 7 months of joining the edtech firm. Arjun, who was the former CEO of international business in UpGrad resigns ahead of Byju’s bankruptcy.
According to the company’s official statement, now, the founder of the startup Byju Raveendran will take care of daily operational responsibilities. It also says that, Arjun’s departure is part of the company’s efforts to restructure and streamline its businesses.
The official Press Release added, Mohan will now transition to an external advisory role, lending his deep edtech expertise to the company and its founders during this transformation phase.
Byju is restructuring its business operation, to achieve positioning in the market. As part of this strategic shift, Byju’s is consolidating its businesses into three key divisions – The Learning App, Online Classes & Tuition Centres, and Test-prep.
According to the company, this new structure will enable each vertical to be nimbler, cost-efficient, and better equipped to capitalize on market opportunities while leveraging the power of its brand and ecosystem.
The founder and group CEO, Byju Raveendran said, “This reorganization marks the start of BYJU’S 3.0 – a leaner and more agile organization ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalized education.”
He added, “This reorganization marks the start of BYJU'S 3.0 - a leaner and more agile organization ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalized education.”
Over the pan of four years, he had focused primarily on strategic aspects such as raising capital and driving global expansion. On April 8 2024, Byju’s began salary payments after delaying for the past two months even as it is barred from using proceeds of recently floated rights issue. Recently, Aakash Educational Services, owned by Byju’s, appointed Deepak Mehrotra as its managing director and chief executive officer. Presently, the both companies are running independently.
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