Page 12 - Byju's

BCCI takes edtech major Byju's to NCLT over jersey sponsorship dispute

"We are in discussions with BCCI to settle the matter and we hope to achieve that soon," according to a Byju's spokesperson

Edtech major Byju's elevates Jiny Thattil to CTO as Anil Goel moves on

This transition is part of Byju's ongoing strategic restructuring and reorientation of its leadership team to further enhance operational efficiency

Byju's names Jiny Thattil as Chief Technology Officer, replacing Anil Goel

Jiny Thattil has previously worked at companies such as cred-owned Happay, Amazon, InMobi and GE Healthcare

Edtech firm BYJU'S appoints Jiny Thattil as Chief Technology Officer

Edtech firm BYJU'S on Monday said it has appointed senior vice president for engineering Jiny Thattil as its Chief Technology Officer. Thattil takes over from Anil Goel, who is leaving the company after three years as Chief Technology Officer (CTO). "We are delighted to promote Jiny Thattil as the CTO of BYJU'S. His extensive experience and leadership skills make him the ideal candidate for this crucial role as we continue to rebuild for greater efficiency and sustainability. We would also like to extend our heartfelt gratitude to Anil Goel for his exemplary work," BYJU'S India CEO Arjun Mohan said. This transition is part of BYJU'S ongoing strategic restructuring and reorientation of its leadership team to enhance operational efficiency, the statement said. With over 25 years of experience, Thattil has an understanding of diverse domains, including e-commerce, advertising, analytics, payments, online banking, personal finance, business intelligence, healthcare, and ...

Edtech major Byju's faces ED heat for Rs 9.4k crore 'forex violation'

Legal proceedings against the edtech firm have begun

Always been fully compliant with FEMA regulations: Byju's assures investors

The edtech giant has reached out to all its investors regarding an alleged show-cause notice issued by ED and assured them that the firm has not violated any foreign exchange rules

ED issues notice to Byju's for violation of forex rules, firm denies

The agency has alleged violations by the company worth Rs 9,000 crore ($1.1 billion) under the Foreign Exchange Management Act (FEMA), the television channel reported

Byju's ex-employees charge it of missing full and final settlement deadline

Edtech major BYJU'S former employees have alleged that the company has failed to meet the deadline for full and final settlement of laid-off workers. BYJU'S workforce has come down to 31,000-33,000 at group level from 50,000 in October 2022. "I am writing to bring to your attention that I have not received my Full and Final (FNF) payment within the specified timeframe of 45 days and it's about 90 days and I did not get proper resolve from separation team fnf team and all," a former BYJU'S employee wrote on a social media platform. When contacted, the employee claimed that full and final settlement of many employees whom he knows has not been settled yet. An employee sent out an email to several media persons claiming that he was promised by the HR manager at BYJU'S that he would be paid the September month salary along with one month's severance pay by October and later he got an email which deferred the date to November 17. The employee said that the payment is still getting ...

Life with Pai: What does Ranjan Pai's re-entry mean for Byju's and Aakash?

Given the past and the present, it was not a surprise that early this year Raveendran reached out to Pai and the outcome has been prompt

Edtech major Byju's loses unit in US, gains Ranjan Pai as an ally in Aakash

This gave the lenders, which include Redwood Investments LLC and Silver Point Capital LP, the right to replace Riju Raveendran, the founder's brother, from Alpha's board

Ranjan Pai invests $168 mn in Byju's Aakash to clear Davidson Kempner debt

Industry sources said that Pai of Manipal Group paid out Davidson Kempner in a bilateral debt transaction

Ranjan Pai buys out Byju's Rs 1,400 cr debt with Davidson Kempner

Manipal Education and Medical Group Chairman Ranjan Pai has also secured a seat on Byju's subsidiary, Aakash

Byju's lenders win fight over $1.2 billion loan default, control of unit

Lenders have been pushing hard for the repayment of the $1.2 billion loan amid the company's mounting distress after a pandemic-era boom in online learning fizzled out

Byju's in talks with 3-4 strategic buyers to sell Epic for $450 million

Byju's and its term loan B lenders then decided to postpone the ongoing disagreement in the US courts and achieve an out-of-court resolution

Byju's CFO Ajay Goel returns to Vedanta Ltd to oversee restructuring

The development comes at a time when the firm was to present its audited financials for FY22 in the second week of October

Byju's core business sees 2.3x revenue growth, Rs 2,253 cr net loss in FY22

The financials revealed by Byju's are based on an 'unqualified FY22 audit'; it will file the financials with MCA in the next few weeks, according to the sources

Core business loss at edtech giant Byju's may only be tip of iceberg

The financials announced by Byju's are based on an 'unqualified FY22 audit' that indicates the auditor is satisfied with the company's financial reporting

Byju's in talks to sell US unit Epic for $400 mn to ease financial pressure

Byju's and its creditors are locked in conflict over a missed interest payment on a term loan that the startup had taken out to help finance a global acquisition spree during the pandemic

Will soon begin audit process for FY23: Byju's CEO Raveendran tells staff

Byju's parent firm Think and Learn reported 2.3 times growth in its core business to reach a total income of Rs 3,569 cr for FY2021-22, and a loss of Rs 2,253 cr y-o-y

Byju's FY22 result: Revenue doubles, operating loss falls 6% to Rs 2,400 cr

Byju's result is only for its core business, and does not include its multi-billion dollar acquisitions