Second stint: He was the senior vice-president of engineering, fulfilment and services, before being elevated as the chief people officer, a post he held for nearly four years. Walmart-owned Flipkart’s chief human resources officer Krishna Raghavan is leaving the company after a stint of over six years, sources told us, adding that an internal announcement has been made regarding his exit. Krishna Raghavan, chief human resources officer at Flipkart Byju's interest cost on term loan may jump by $50-60 mn a year under new terms.Byju’s makes a surprise $1.2 billion repayment proposal to lenders.Byju's to hold board meeting to approve delayed FY22 financials.Byju’s appoints Arjun Mohan as India CEO incumbent Mrinal Mohit on way out.Byju’s creditors onboard Kroll to ‘safeguard’ assets including Great Learning.Byju’s new India CEO Arjun Mohan to cut more than 4,500 jobs.Read ETtech’s detailed coverage on Byju’s This is in addition to the multiple layoffs at the troubled edtech over the past one year. He has undertaken a significant restructuring at the firm starting with cutting at least 4,500 jobs to control spiraling costs. Layoffs underway: Arjun Mohan, a former executive at Byju’s, was recently brought back to head the edtech’s India business. Sources had told ET that Pai was close to infusing $170 million in the first stage, up from his initial plan of around $70 million. Ranjan Pai factor: Manipal Education and Medical Group chairman Ranjan Pai may invest as much as $250-300 million in Aakash Institute, ET reported on October 12. He is in the final stages of talks to close a stock-swap deal with the edtech firm as part of the 2021 acquisition.Īlso read | Byju’s puts Epic, Great Learning on sale to clear $1.2 billion loan His comeback is part of a broader arrangement being finalised with Byju’s. Quick catch-up: Following a meeting between Byju's auditor BDO and the company management in September, the edtech had said it would present the audited fiscal-2022 results to its board, advisory council as well as investors Peak XV Partners and Prosus - whose representatives recently quit the edtech’s board - in the second week of October.Ĭomeback at Aakash: Aakash Institute, one of the key assets of Byju’s, is likely to see its promoter Aakash Chaudhry return to the helm. Byju’s new CFO, Ajay Goel, had promised shareholders on June 24 that the audited FY22 results would be shared by the end of September, and those for FY23 would be ready by December this year. After more than a year’s delay, beleaguered edtech firm Byju’s is expected to file its financial results for the year ended March 2022 (FY22) this week.

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