In a significant leadership transition, Byju’s, the leading edtech firm, announced on Monday that founder Byju Raveendran will now oversee the day-to-day operations of the company. This decision follows the resignation of CEO Arjun Mohan from the edtech startup.
The company revealed that as part of a comprehensive restructuring initiative, Byju’s is streamlining its operations into three primary divisions: The Learning App, Online Classes and Tuition Centres, and Test-prep. Byju’s emphasized that this restructuring aims to enhance agility, cost-efficiency, and market responsiveness across its business verticals. Each division will have separate leaders tasked with driving sustainable growth and profitability.
Arjun Mohan, who assumed the role of CEO approximately 10 months ago, will transition into the position of an external advisor for the company. Prior to joining Byju’s, Mohan served as the CEO of upGrad, bringing valuable expertise to his tenure at Byju’s.
Founder and Group CEO Byju Raveendran expressed gratitude for Mohan’s leadership during a challenging period and highlighted his contributions to the company. Raveendran emphasized that while he had previously focused on strategic initiatives such as fundraising and global expansion, he would now take a more hands-on approach to the company’s operations.
The reorganization signifies the dawn of “BYJU’S 3.0,” characterized by a leaner and more agile organizational structure poised to adapt to evolving market dynamics, particularly in the realm of hyper-personalized education. Byju’s aims to leverage its core strengths through specialized business units to unlock new growth opportunities while maintaining a steadfast commitment to profitability.
As Byju’s enters this new phase under Raveendran’s leadership, the company anticipates accelerated growth and innovation, reaffirming its position as a pioneering force in the edtech landscape.
The Entrepreneur Today Desk