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 significant shift in leadership dynamics, Byju’s, the leading edtech firm, made headlines on Monday with the announcement that founder Byju Raveendran will now spearhead the day-to-day operations of the company. This strategic move comes in the wake of CEO Arjun Mohan’s resignation from the edtech startup.
Byju’s Founder Byju Raveendran Assumes Day-to-Day Operations, Unveils Restructuring Plan
Byju’s disclosed 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 stressed that this restructuring is aimed at bolstering agility, cost-efficiency, and market responsiveness across its business verticals. Each division will be led by separate executives entrusted with propelling sustainable growth and profitability.
Arjun Mohan, who assumed the CEO role approximately 10 months ago, will transition into the role of an external advisor for the company. Prior to his tenure at Byju’s, Mohan served as the CEO of upGrad, bringing invaluable expertise to his leadership stint at Byju’s.
Founder and Group CEO Byju Raveendran expressed gratitude for Mohan’s leadership during a challenging period and underscored 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 adopt a more hands-on approach to the company’s day-to-day operations.
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The reorganization marks the advent of “BYJU’S 3.0,” characterized by a leaner and more agile organizational structure poised to navigate evolving market dynamics, particularly in the domain of hyper-personalized education. Byju’s aims to harness its core strengths through specialized business units to unlock new growth avenues while upholding a steadfast commitment to profitability.
As Byju’s embarks on this new phase under Raveendran’s stewardship, the company anticipates accelerated growth and innovation, reaffirming its stature as a trailblazing force in the edtech arena.
