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 prominent edtech firm, made a notable announcement on Monday regarding its founder, Byju Raveendran, assuming direct oversight of the company’s day-to-day operations. This decision comes in the wake of CEO Arjun Mohan’s resignation from the edtech startup.
Byju’s Initiates Organizational Restructure, Founder Byju Raveendran Takes Hands-On Role
Byju’s revealed that, as part of a comprehensive restructuring endeavor, the company is realigning its operations into three primary divisions: The Learning App, Online Classes and Tuition Centres, and Test-prep. Byju’s underscored that this restructuring is aimed at bolstering agility, cost-effectiveness, and market responsiveness across its business verticals. Each division will be led by separate executives tasked with propelling sustainable growth and profitability.
Arjun Mohan, who took on the CEO role approximately 10 months ago, will transition into the role 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 appreciation for Mohan’s leadership during challenging times 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 adopt a more hands-on approach to overseeing the company’s operations.
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The reorganization heralds the dawn of “BYJU’S 3.0,” characterized by a leaner and more agile organizational structure geared 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 direct leadership, the company anticipates accelerated growth and innovation, reaffirming its status as a pioneering force in the edtech landscape.
