BYJU's CEO Arjun Mohan resigns, Raveendran to resume charge as CEO

Byju Raveendran, founder of prominent edtech company Think and Learn, which owns BYJU's brand, is set to assume role of handling firm's day-to-day operations. decision comes in wake of resignation of CEO Arjun Mohan, as announced by company on Monday.

Following this leership transition, BYJU's has unveiled a comprehensive restructuring plan, consolidating its business into three focused divisions - Learning App, Online classes and Tuition centres, and Test-prep.

According to company's statement, se changes are outcome of an extensive seven-month operational review and cost optimisation exercise spearheed by outgoing BYJU's India CEO Arjun Mohan. new phase will witness Byju Raveendran taking on a more active role in spearheing daily operations of company.

In his new capacity, Mohan will transition to an external visory role, leveraging his profound expertise in edTech sector to support company and its founders during this transformative phase.

Over past four years, Raveendran h primarily focused on strategic aspects such as capital raising and driving global expansion. However, with this new organisational structure, he is set to le BYJU's into its next chapter of growth, marked by innovation and scale.

company's statement furr stresses that return of Raveendran as operational leer positions BYJU's for innovation-led growth. It highlights imminent launch of a new suite of AI-first products, which have garnered overwhelmingly positive feedback during pilot phase.

As BYJU's navigates this period of transition and restructuring, leership change signifies a strategic move aimed at aligning company's operations with its long-term vision and goals.

(With PTI inputs)