In an interesting turn of events, India’s EdTtech company Byju’s CEO stepped down on Monday. This opened doors for the former CEO and founder, Raveendran, to step in. 
Who was the CEO?
Arjun Mohan, who took up the position last September, stepped down on April 15. Earlier, he had served as Byju’s Chief Business Officer and quit the firm in 2020 to join Ronnie Screwvala’s upskilling unicorn upGrad as its CEO. Six months ago, he returned to Byju as CEO. He had bid farewell to its India CEO, Mrinal Mohit, a founding employee and former student of Raveendran.
During his tenure, Mohan, with his new position, brought a transitional shift under ‘Byjus 2.0’. He led the business restructuring and clean-up of a large employee base. He was also closely involved in the daily affairs of Byju’s owned bricks-and-mortar coaching firm Aakash, a key asset for the EdTtech group.
It is reported that he is now leaving after significantly trimming the workforce at Think & Learn, which now has 5,000-6,000 employees left.
Who will be the next CEO?
After nearly four years, Byju Founder Raveendran will take charge as operational CEO of the day-to-day operations of the company’s India business, housed under Think & Learn. 
The founder, in a statement, said that this would be a new phase for the company which will mark 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-personalized education,” he further added.
The India business will be consolidated into three divisions–App & AI, test preparation and tuition centres. Each of these units will have separate leaders who will independently run the businesses sustainably to ensure profitability as the company continues to battle severe cash crunch issues. He said this will be executed “By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability”.
Upon his return at the helm after a gap of four years, this phase will be more cost-efficient and better positioned to seize market opportunities.
Earlier this year, four investors of Byju filed a suit against the EdTech firm’s founder, Byju Raveendran, and the top management at the National Company Law Tribunal in Bengaluru.
Mohan, however, is not completely ousted. He will be seen lending his deep EdTech expertise to the company and its founders during this transformation phase as an external advisor.
