The edtech company promoted Mohan to CEO of its India operations in September of last year due to a severe liquidity shortage.
Arjun Mohan, who was appointed CEO of the edtech business Byju’s around seven months ago, abruptly resigned to take advantage of other opportunities, the company announced on Monday.
Following Mohan’s resignation, the company’s co-founder and CEO, Byju Raveendran, will assume a more active role in managing the day-to-day operations of the business. Mohan will continue to work with the edtech company in an “external advisory role.”
The goal of the change is to make the business run more efficiently and set it up for “long-term success.”.
“Mohan has done an outstanding job steering Biju’s through a challenging period. We are grateful for his leadership and look forward to his continued contributions as a strategic advisor,” Raveendran said.
The corporation has now made the decision to divide itself into three “focused” segments: test prep, online classes and tuition centers, and the learning app.
The firm stated that each of these divisions will have its own leaders who will manage the companies profitably and sustainably on their own.
“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,” according to Raveendran.
The edtech company promoted Mohan to CEO of its India operations in September of last year due to a severe liquidity shortage.
Mohan took over from Mrinal Mohit, the company’s founding partner and departing head of India business, who left to follow his own goals.
“By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability,” said Raveendran.
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