The appointment of the IT industry veteran and the career banker to the troubled edtech company’s newly formed advisory council is curious both in terms of the timing and motivation.
A little over six weeks ago, on 13 July, Byju’s, India’s largest education technology company that is fighting battles on multiple fronts at home and abroad, appointed T.V. Mohandas Pai and Rajnish Kumar as members to its advisory council. The council was hurriedly formed after the backlash Byju’s faced on corporate governance issues. The appointments of Pai and Kumar were aimed at “enhancing its financial governance mechanisms and leveraging expert advice to drive sustainable growth and strategic decision-making”, the company said in a press release.
Pai is an early investor in Byju’s through his private equity firm Aarin Capital and …
Pradip is a co-founder at The Morning Context and leads our newsletters vertical. He has previously worked at The Ken as a staff writer, at Mint as an assistant features editor and the Deccan Chronicle as a copy editor. He works with a slew of expert newsletter writers across subjects and domains. His own writing spans the gig economy, farmers caught in the crossfire of technology, global warming and parents trapped in the edtech wave. Some of his best stories have come at the intersection of technology and human endeavour.
Editor, Newsletters
pradip@mailtmc.com
Delhi