Byjus's India CEO Arjun Mohan quits six months after joining
Byju’s India CEO Arjun Mohan has quit his position in the firm just six months after taking over the role, the company announced in a statement on Monday.
The cash-strapped firm is now restructuring its business into three divisions with founder Byju Raveendran handling its day-to-day operations.
On Monday Byju’s said it was consolidating its businesses into three focused divisions.
The company is currently operating into the online learning app business, online classes and tuition centres, and test preparation. Each division will have a separate head.
“The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing Byju’s India CEO Arjun Mohan. Mohan will now transition to an external advisory role, lending his deep edtech expertise to the company and its founders during this transformation phase,” the company said.
The company hasn’t cited any reason for Mohan’s move.
Giving details of the proposed consolidation, Raveendran said, “This reorganisation marks the start of Byju’s 3.0 -- a leaner and more agile organisation ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalised education.”
“By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability,” he said.
Byju’s had made Arjun Mohan the chief executive officer (CEO) of its India business in September last year, replacing Mrinal Mohit. Mohan was previously employed at rival edtech firm UpGrad.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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