Byju’s Strengthens Leadership: Former CBO Arjun Mohan Takes Charge as CEO for International Business
Edtech giant Byju’s has announced the appointment of Arjun Mohan as the CEO of its international business. Mohan, who previously served as the CEO of upGrad, is returning to Byju’s after a decade-long tenure with the company.
Arjun Mohan joined upGrad three years ago and completed his stint there in January this year. His return to Byju’s comes as a significant development, as he takes on the responsibility of leading the company’s international operations. Before Mohan’s appointment, Byju Raveendran, the founder of Byju’s, oversaw the global operations, while Mrinal Mohit led the company’s operations in India.
Byju’s decision to bring back Arjun Mohan reflects the company’s focus on expanding its international presence and driving growth in global markets. Mohan’s experience and expertise in the edtech sector, combined with his previous association with Byju’s, make him well-suited to lead the company’s international business and contribute to its continued success on a global scale.
During Arjun Mohan’s previous tenure at Byju’s, he held various roles within the company. He served as a consultant and vice president, contributing to the company’s growth and strategic initiatives. Notably, from 2019 to 2020, Mohan held the position of Chief Business Officer (CBO), overseeing key business operations and driving revenue generation.
The news of Arjun Mohan’s return to Byju’s was initially reported on the anonymous social media app Grapevine. This announcement has since garnered attention and interest within the edtech industry, highlighting the significance of Mohan’s appointment as the CEO of Byju’s international business.
Mohan’s experience and previous contributions to the company, coupled with his expertise in the edtech sector, make him a valuable addition to the company’s leadership team. His return to Byju’s indicates the company’s focus on strengthening its international operations and further expanding its reach in global markets.
Byju’s, the prominent edtech company, currently operates entities in Singapore, the United States, and the Middle East. These international operations have played a significant role in the company’s revenue growth. In the fiscal year 2020-2021, the combined contributions from these entities amounted to over Rs 1,000 crore. It is important to note that the financial results for the fiscal year 2021-2022 are yet to be filed by Byju’s.
The international expansion of Byju’s reflects the company’s commitment to catering to global markets and reaching a broader audience with its educational offerings. The revenue generated from its international entities signifies the success in establishing a strong presence outside of its home market in India.
As the company continues to expand its global footprint, the upcoming financial results for the fiscal year 2021-2022 will provide further insights into the performance and growth trajectory of thecompany’s international operations. These results will shed light on the company’s continued expansion and success in delivering educational solutions to students worldwide.
The edtech company, recently conducted a virtual Extraordinary General Meeting (EGM) to address various ongoing issues, particularly in the realm of corporate governance. During the meeting, CEO Byju Raveendran made an important announcement regarding the establishment of a board advisory committee. The committee’s purpose is to provide guidance and advice to the company in its operations and decision-making processes.
However, it has been reported in the media that the EGM did not cover topics such as mass layoffs or other significant developments occurring within the company. The focus of the meeting seemed to center on addressing corporate governance concerns and introducing measures to enhance the company’s governance structure.
While the specific details surrounding mass layoffs or other important developments remain undisclosed, it is evident that the primary agenda of the EGM was centered around corporate governance matters. Its efforts to establish a board advisory committee reflect its commitment to strengthening its governance practices and ensuring transparency in its operations.
As the edtech sector continues to evolve, companies are facing increased scrutiny, and corporate governance remains a key area of focus. By addressing these concerns through initiatives like the board advisory committee, Byju’s aims to reinforce its commitment to good governance and maintain the trust and confidence of its stakeholders.
Byju’s, like many companies, has faced a series of challenges in recent months. These include a haircut in valuation, the resignation of key board members and auditors, as well as issues related to loan defaults, the Ministry of Corporate Affairs (MCA), and the Enforcement Directorate (ED).
However, Byju’s has stated that it has not received any communication from the MCA following reports suggesting that the Indian government had ordered a probe into the company’s account books. It is worth noting that these reports have not been officially confirmed or acknowledged by the MCA or Byju’s.
As the situation unfolds, it is essential to await official updates and statements from relevant authorities and Byju’s regarding any investigations or inquiries. The company’s assertion of not receiving any communication from the MCA suggests that they are awaiting further clarity on the matter and will address it accordingly.
Corporate governance and compliance are crucial aspects for any company, and it is expected that it will cooperate with regulatory authorities if any formal inquiries are initiated. It is important to follow official announcements and statements to gain a comprehensive understanding of the situation and its potential implications for Byju’s.
