BYJU’S-Owned Aakash Ropes In Former Pearson India Executive Deepak Mehrotra As MD And CEO

April 8, 2024, 9:37 pm
BYJU'S
BYJU'S
Location: India, Delhi, New Delhi
Employees: 1001-5000
Founded date: 2008
Total raised: $7.13B
BYJU’S-owned Aakash Educational Services Limited (AESL) has appointed Deepak Mehrotra as its managing director (MD) and CEO, aiming to enhance its offerings and expand its reach in the education landscape. Mehrotra, with over 30 years of experience in various sectors, including FMCG, telecom, and education, brings valuable business expertise from his time at Pearson India. This strategic move comes amidst BYJU’S reported decision to not bring back Aakash Chaudhry as the CEO of the institute. The appointment aligns with AESL's goal to leverage Mehrotra's experience and drive aggressive growth plans. This development follows the withdrawal of the merger petition between BYJU’S and AESL in March, highlighting governance issues and share-swap arrangements. BYJU’S itself is facing financial challenges and legal disputes with investors, with its US division filing for bankruptcy earlier this year. Despite these challenges, the appointment of Mehrotra signals AESL's commitment to progress and innovation in the education sector.