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Ex-UpGrad chief Arjun Mohan to be Byju's next India CEO
Mint Mumbai
|September 21, 2023
Byju's has named Arjun Mohan as the chief executive officer (CEO) of its India operations, succeeding Mrinal Mohit, a founding employee of the Bengalurubased edtech startup
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Mohan assumes the role at a time when the embattled online tutor is trying to monetize non-core assets to repay loans. The group has put two of its businesses-reading platform Epic and higher education platform Great Learning-on the block to pay off a $1.2 billion loan raised in November 2021.
Byju's has been facing scrutiny for corporate governance issues from lenders and investors, including Prosus, which held a board seat until June.
Prosus's representative on Byju's board resigned, citing concerns that, despite rapid growth, the company's reporting and governance structures had not evolved sufficiently for a company of that scale.
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