Tag: Byju Raveendran

Byju Raveendran’s Net Worth Was Rs 17,545 Crore A Year Ago. Today It Is…

April 3, 2024 admin

Byju Raveendran featured on the Forbes Billionaires list last year. (File) New Delhi: Byju Raveendran’s net worth a year ago was Rs 17,545 crore ($2.1 billion) and he featured in several prestigious ‘globe’s richest’ lists. However, according to the recently released Forbes Billionaire Index 2024, Mr Raveendran’s net worth has fallen to zero. This sharp…

Nation

Byju’s Shuts All Offices Except HQ, Asks 14,000 Employees To WFH: Report

March 12, 2024 admin

Byju’s has asked about its14,000 employees to work from home (File) New Delhi: Edtech firm Byju’s has asked its14,000 employees to work from home as it vacated all its offices except the headquarters in Bengaluru amid the ongoing crisis. Sources told the NDTV Profit that except for IBC Knowledge Park in Bengaluru – where over…

Nation

Mystery Of Byju’s ‘Hidden’ $533 Million Stuck In Offshore Trust

March 3, 2024 admin

Byju’s has witnessed a staggering decline of approximately 90 per cent in the past year. New Delhi: Edtech firm Byju’s parent company, Think & Learn Pvt, has found itself embroiled in a complex web of financial mismanagement, offshore dealings, and legal disputes. At the centre of it is $533 million, a Florida hedge fund, a…

Nation

Byju’s unable to pay salaries as rights issue funds locked in separate a/c amid rift with investors

March 2, 2024 admin

Byju’s logo. | Photo Credit: REUTERS Byju’s founder Byju Raveendran on March 2 said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Mr. Raveendran said the rights…

Business

Byju’s Contests Shareholders’ Move To Oust Byju Raveendran As CEO

February 24, 2024 admin

Byju’s said the resolutions taken at the meeting were “null and void” (File) New Delhi: Crisis-hit edtech star Byju’s has contested Friday’s decision of its shareholders to oust its founder as the chief executive officer. The company said the resolutions taken at the shareholders’ meeting were “invalid” since its founders were not present. “The resolutions…

Nation

Majority of Byju’s shareholders vote for removing CEO, family members; company calls vote invalid

February 23, 2024 admin

Majority of Byju’s shareholders on Friday voted unanimously for removing founder CEO Byju Raveendran and his family from the board over alleged “mismanagement and failures” at what was once India’s hottest tech startup, but the company dug in its heels, calling the voting done in absence of founders as invalid and ineffective. Founder CEO Raveendran…

Business

BYJU’S $200 million rights issue fully subscribed: CEO Byju Raveendran

February 21, 2024 admin

A file photo of Byju’s logo | Photo Credit: Reuters Edtech major BYJU’S top official said the company’s $200 million rights issue has been fully subscribed and asked all shareholders to participate in the “renewed mission”. Think and Learn Private Limited, which operates under BYJU’S brand name, has floated $200 million rights issue at less…

Business