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Byju's Brings Back Its Founding Member Arjun Mohan As India Chief

Arjun Mohan will replace Mrinal Mohit who will be leaving the company after nearly 10 years of association

Byju's Brings Back Its Founding Member Arjun Mohan As India Chief
POSTED ON September 27, 2023 11:41 PM

Beleaguered Edtech Byjus has appointed Arjun Mohan as its India chief executive. Mohan will replace Mrinal Mohit who was considered close to founder Byju Ravindran.

Mohan was the founding member of  Byju's and last served as the chief business officer at the company. Mohan has also worked for Edtech UpGrad for almost two years. With this announcement, he will join the company for the second time.

As a founding member, he served the company for nearly 10 years before quitting as chief executive officer at the Byju's.

Reacting to the decision made by Edtech, Mohan said, "While challenges are aplenty, I am ready to play my role in helping Byju’s empower our current and future generations to thrive in a rapidly changing world.” 

Ravindran, in an email to the employees, welcomed the company's new India Head. He wrote, "Mohit was on his way to starting a new trip in order to pursue his personal goals. "By combining his expertise in sales, operations, and technology, he has helped us go beyond what we previously believed was feasible. I shall always have the pleasure of Mrinal's advice on significant issues on a personal level." He further added, "Arjun is the right candidate for this position since he has a thorough understanding of our goals and a demonstrated track record."  

Last month, Bengaluru-based Edtech saw the exit of Prathyusha Agrawal who was chief business officer, Mukut Deepak (Head of class 4-10 business), and Himanshu Bajaj who was leading the tuition centre business of the company.

In its effort to return funds it recently promised to repay its loan. The company said that it intends to repay the $1.2 Term B loan in six months. According to the sources, the company is planning to pay an initial $ 300 million in the first three months, and the remaining amount will be paid in another three months.

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