“Byju’s Appoints Arjun Mohan as CEO for India Operations as Mrinal Mohit Resigns”
Edtech giant Byju’s has appointed Arjun Mohan as the CEO of its India operations, replacing Mrinal Mohit, who is leaving the company for personal aspirations. The leadership change comes amid challenges for Byju’s, including financial and operational issues, as it strives to maintain its position in the global edtech landscape.
Edtech powerhouse Byju’s has announced the appointment of Arjun Mohan as the Chief Executive Officer (CEO) of its India business, taking over from Mrinal Mohit. Mohit’s departure from the company is attributed to his personal aspirations, according to a statement released by Byju’s on September 20. Mrinal Mohit had been leading Byju’s India operations since May of the previous year, with Byju Raveendran, the company’s co-founder and CEO, shifting his focus to international operations.
Byju Raveendran commented on Mohan’s appointment, stating, “Arjun’s return is a testament to his belief in our mission and the unparalleled opportunities that lie ahead. His expertise will undoubtedly help our turnaround efforts and strengthen our position in the global edtech landscape.”
Arjun Mohan previously served as Byju’s Chief Business Officer but left the firm in 2020 to become the CEO of Ronnie Screwvala’s upskilling unicorn, upGrad. In July, he rejoined Byju’s to head its international business, though no official announcement was made at the time.
Meanwhile, Mrinal Mohit had been a part of Byju’s founding team and had spent over a decade with the company. He began as the head of business development at Byju’s and was later promoted to the role of Chief Operating Officer in June 2016. Raveendran acknowledged Mohit’s significant contributions to the organization, calling his exit a “bittersweet farewell.”
In an email to employees, Raveendran expressed his personal connection with Mohit and assured employees that with the transition plan in place, the company had the capability to sustain its regular operations and continue its growth trajectory.
Mrinal Mohit’s departure comes at a challenging juncture for Byju’s, as the company grapples with various difficulties involving lenders, employees, and regulators. Recently, Byju’s made a commitment to repay the entire disputed $1.2 billion loan to its term loan B lenders, while also initiating a strategic review of its assets. As part of this review, Byju’s has put two significant subsidiaries, Great Learning and Epic, up for sale.
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