Byju has announced changes in its leadership structure, with CEO Arjun Mohan stepping down from his position after just six months. Byju Raveendran, the company's Founder and Group CEO, will resume his responsibilities in overseeing the day-to-day operations, while Mohan will transition to an advisory role outside the company.
Raveendran stated that this reorganization marks the start of "BYJU'S 3.0," aimed at creating a leaner and more agile organization ready to adapt quickly to evolving market dynamics, particularly in hyper-personalized education. The restructuring aims to make the company more agile, cost-efficient, and better positioned to seize market opportunities, with each division having its own leaders responsible for sustainable growth and profitability.
Raveendran praised Mohan for his leadership during a challenging period and expressed gratitude for his contributions. He highlighted Mohan's outstanding job in steering Byju through challenges and emphasized his continued value as a strategic advisor.
The decision to streamline operations into three main divisions - The Learning App, Online Classes & Tuition Centres, and Test-prep - comes as Byju's aims for long-term success. This restructuring follows a comprehensive review and cost-saving initiative led by Arjun Mohan during his tenure as CEO.
Raveendran sees this transition as the beginning of Byju's 3.0, focusing on personalized education and unlocking new growth prospects while maintaining profitability. Taking a more hands-on approach to daily operations, Raveendran aims to leverage his expertise to guide Byju through its next phase of growth and innovation, previously focused on strategic aspects like fundraising and global expansion.
