BYJU’S forms advisory council, appoints Mohandas Pai and Rajnish Kumar
BYJU’S, a leading edtech company, has recently established an advisory council and appointed prominent industry figures. Former Chief Financial Officer of Infosys, TV Mohandas Pai, and former Chairman of State Bank of India, Rajnish Kumar, have been named as council members. The council’s primary role will involve mentoring and advising the BYJU’S team, including CEO Byju Raveendran, according to a statement from the company.
TV Mohandas Pai brings a wealth of experience to the advisory council, having served as CFO and board member of Infosys, one of India’s prominent IT companies. He is also the co-founder of Aarin Capital, a private equity fund. Pai has been involved with BYJU’S since its early days, having made investments in the edtech company during its initial years.
Rajnish Kumar, currently leading the business at BharatPe, a fintech unicorn, joins the advisory council with his extensive expertise in the banking sector. As the former Chairman of State Bank of India, one of India’s largest public sector banks, Kumar has a deep understanding of financial services and strategic management.
The formation of the advisory council reflects BYJU’S commitment to seeking guidance from seasoned industry professionals. The council’s collective knowledge and experience will provide strategic direction and mentorship to the BYJU’S team, supporting the company’s growth and expansion initiatives.
The addition of TV Mohandas Pai and Rajnish Kumar to BYJU’S advisory council further strengthens the company’s leadership and brings diverse perspectives from the technology and finance sectors. Their involvement signifies the company’s ambition to leverage the expertise of industry stalwarts to navigate the dynamic edtech landscape.
As the advisory council assumes its role, BYJU’S aims to leverage their insights and guidance to continue its mission of transforming education through innovative digital learning solutions.
Praising the founders of BYJU’S, TV Mohandas Pai expressed his admiration for their entrepreneurial skills and highlighted their impressive achievements in building the largest global edtech company and one of India’s largest startups.
Having worked with them since their early days, Pai acknowledged their drive and emphasized their potential to transform the group into a successful corporation while fulfilling their mission as category creators and market leaders in the education sector.
Pai further mentioned his eagerness to provide guidance to BYJU’S in areas such as corporate governance and financial reporting. His experience as a former CFO and board member of Infosys, coupled with his expertise in investment and finance through Aarin Capital, positions him well to offer valuable insights and advice in these crucial areas. His involvement in mentoring the company in matters related to governance and financial transparency reflects the commitment of BYJU’S to upholding high standards in its operations.
With Pai’s support and expertise, BYJU’S can benefit from strategic guidance and best practices in corporate governance and financial reporting. As the company continues its expansion and aims to solidify its position as a leader in the edtech industry, Pai’s insights can contribute to further strengthening the organization’s foundation and ensuring its continued success.
Overall, the appointment of Pai to BYJU’S advisory council brings a wealth of knowledge and experience that will assist the company in its pursuit of growth, innovation, and maintaining its position as a frontrunner in the global edtech market.Rajnish Kumar expressed his confidence that the appointments to BYJU’S advisory council will provide the right direction for the company.
After discussions with Byju Raveendran and Divya Gokulnath, he acknowledged their sincere efforts in initiating a course correction of the company’s governance structure. Kumar believes that with the support of experienced advisors who have joined forces to assist these dynamic entrepreneurs, BYJU’S will be able to progress and make continued contributions to the field of education.
By emphasizing the importance of governance and the need for a strong structure, Kumar highlights the commitment of BYJU’S to uphold best practices and ensure transparency. The engagement of experienced advisors, including Kumar himself, signifies the company’s dedication to benefit from the insights and guidance of seasoned professionals.
The collaboration with respected advisors will enable BYJU’S to navigate challenges effectively, make informed decisions, and stay at the forefront of the education sector. The shared vision of the advisory council, combined with the drive and dedication of the founders, will contribute to the company’s growth and enable it to continue its positive impact in the field of education.
With Kumar’s belief in the company’s commitment to governance and the guidance of experienced advisors, BYJU’S is poised to move forward with strengthened direction and expertise, reinforcing its position as a leader in the edtech industry.BYJU’S has recently faced scrutiny and challenges.
The company has encountered delays in its financial year 2022 reporting, which has drawn attention. In addition, controversies have emerged regarding mis-selling of courses and concerns related to corporate governance, among other issues.
Last week, three board members, namely GV Ravishankar of Peak XV Partners (Sequoia Capital India), Russel Dreisenstock of Prosus, and Vivian Wu of Chan Zuckerberg Initiative, resigned from their positions within the company. Their resignations have added to the evolving landscape surrounding BYJU’S.
Furthermore, reports have surfaced regarding the appointment of Arjun Mohan, former CEO of upGrad, as the head of BYJU’S international initiatives. This move suggests BYJU’S intention to bolster its international presence and explore new avenues for growth.
It is essential to note that these developments represent the current state of affairs for BYJU’S and are subject to further updates and clarification. To stay fully informed, it is advisable to refer to reliable news sources and official announcements from the company.
As BYJU’S navigates through these challenges and changes, the company will likely focus on addressing concerns, enhancing corporate governance practices, and leveraging experienced professionals to guide its international expansion efforts.
