Business News: BYJUs Considering to Remove Byju Ravindran From The Board

Business News: Edtech company BYJUs is going through a tough time right now. Amidst all the struggles the edtech was facing from last year, investors in BYJUs are seriously considering removing Byju Raveendran, the company’s founder and CEO. After BYJUs fall in valuation, its parent company, Think and Learn’s investors sent a notice for an EGM meeting in which discussions regarding how to run the company ahead, their compliance, and many other issues will be addressed. Along with this, the company's leadership will also be discussed. 

Byju Ravindran Shares in BYJUs

Byju Ravindran, his wife Divya Rukulnath, and his brother, Riju Ravindran are members of the company’s board currently. Along with this, Byju Ravindran said that he had recently issued an announcement that he is trying to resolve issues related to bad management and compliance for several months. BYJUs shareholders had also requested the board to call for a sit-in in July and December, but it was disregarded. As per media reports, to save the company crisis, Ravindran had to mortgage two of his houses, and he also has a personal loan of Rs 40 crore.