Page 9 - Arjun Mohan News Today

By Peerzada Abrar ‘Byju’s financials only reflect the core business. At a group level, they are experiencing substantial losses.’ Beleaguered edtech giant Byju’s is grappling with the need to significantly reduce its losses in order to establish a sustainable business for the long term, according to industry insiders and analysts. The company is currently facing

Byjus financials only reflect the core business. At a group level, they are experiencing substantial losses.

With Byju’s releasing only partial numbers for FY22, the mystery around its overall financial health continues

The well-known edtech decacorn BYJU'S is presently going through a number of turbulent changes led by Arjun Mohan, the company's new India CEO. The corporation is navigating through a number of difficulties that have attracted the attention of the industry, including plans to sell subsidiaries, layoffs, and leadership departures.

Ramachandran's departure follows the resignation of the company's Chief Operating Officer, Vivek Sinha, just two months earlier.

Byjus said it has made new appointments in its finance function, with Pradip Kanakia as senior adviser and Nitin Golani, currently the President-Finance, who will take charge as India CFO.

Chaudhry served as the CEO till November 2020 as part of the founding family that ran Aakash Institute independently.

The troubled edtech is mired in multiple issues, such as repayment of a $1.2 billion term loan, and is the subject of a government probe.

NEW DELHI — After a delay of more than 19 months, edtech major Byju's on Monday said it is expected to announce its financial results for FY22 by the end of

After a delay of more than 19 months, edtech major Byju's on Monday said it is expected to announce its financial results for FY22 by the end of this week.In a statement to IANS, the company said the audit of all the group subsidiaries has been ...