Summary:
Byju’s, a leading edtech firm, has undergone a significant leadership transition, with founder Byju Raveendran taking over the day-to-day operations following the resignation of CEO Arjun Mohan. The company has streamlined its operations into three divisions to enhance agility and market responsiveness. Arjun Mohan will transition into an advisory role. The restructuring signifies the onset of “BYJU’S 3.0,” focusing on leaner operations and hyper-personalized education. Byju’s anticipates accelerated growth and innovation under Raveendran’s leadership.
In a notable leadership transition, Byju’s, the leading edtech firm, announced on Monday that founder Byju Raveendran will now spearhead the day-to-day operations of the company. This decision follows the resignation of CEO Arjun Mohan from the edtech startup.
Byju’s Founder Raveendran to Oversee Day-to-Day Operations
Byju’s revealed that as part of a comprehensive restructuring endeavor, the company is consolidating its operations into three primary divisions: The Learning App, Online Classes and Tuition Centres, and Test-prep. Byju’s underscored that this restructuring aims to bolster agility, cost-efficiency, and market responsiveness across its business verticals. Each division will be led by separate executives tasked with driving sustainable growth and profitability.
Arjun Mohan, who assumed the CEO role approximately 10 months ago, will transition into the position of an external advisor for the company. With prior experience as the CEO of upGrad, Mohan brings 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 stressed that while he had previously focused on strategic initiatives such as fundraising and global expansion, he would now adopt a more hands-on approach to the company’s day-to-day operations.
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The reorganization heralds the advent 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 embarks on 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.
