Arjun Mohan, the CEO of the Indian operations of Think and Learn (TLPL), which owns the Byju’s brand, has resigned from the company.

Founder Byju Raveendran will now return to lead the start-up after a gap of nearly four years.

The business rejig will see Byju’s consolidating its operations into three verticals, with Raveendran taking on a more hands-on role.

Over the past four years, he has focused primarily on the strategic aspects of operations such as raising capital and driving global expansion.

Mohan had joined Byju’s in July last year as the CEO of international business after quitting as the head of rival UpGrad in February.

He was given charge of the Indian operations of the start-up in September after Byju’s then CEO Mrinal Mohit resigned.

Mohan proceeded to undertake restructuring of the organisation which led to layoffs of around 4,000 employees.

A press statement from Byju’s said Byju Raveendran will look after the company’s day-to-day operations following the resignation of Mohan.

The business will be consolidated into three focused divisions — The Learning App, Online Classes and Tuition centres, and Test-prep.

“The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing Byju’s India CEO Arjun Mohan.

“This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company,” Byju’s said.

Mohan will now transition to an external advisory role.

According to Byju’s, the new structure will enable
each vertical to be nimbler, cost-efficient, and better equipped to capitalise on
market opportunities.

Each of the new verticals will have separate leaders who will independently run the businesses sustainably to ensure profitability.

Byju’s, which was once India’s most-prized start-up worth $22 billion, has seen a big drop in its valuations particularly after restrictions were withdrawn after Covid 19.

In a separate statement, Think and Learn said the majority of its shareholders have approved the resolution to increase its authorised share capital to absorb the $200 million raised through the rights issue. The EGM was held on March 29.

The founders have been locked in a dispute with a group of four investors.