Jiny Thattil replaces Anil Goel as BYJU'S CTO
CEO Arjun Mohan expressed enthusiasm about Thattil's promotion, citing his extensive experience and leadership skills as ideal for the crucial role.
- Republic Business
- 2 min read
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Amid a challenging phase, edtech giant BYJU'S witnesses a leadership transition as Jiny Thattil takes the helm as Chief Technology Officer (CTO), succeeding Anil Goel, who is stepping down. Thattil, previously the Senior Vice President of Engineering, brings a wealth of experience, having worked with companies like Happay, Amazon, and InMobi.
The move comes as BYJU'S undergoes significant business restructuring led by Arjun Mohan, the India CEO. The company aims to enhance operational efficiency and sustainability, consolidating various business units into two main lines—K12 and test prep.
Arjun Mohan expressed enthusiasm about Thattil's promotion, citing his extensive experience and leadership skills as ideal for the crucial role. The restructuring has already seen several high-profile exits, including Chief Business Officer Prathyusha Agarwal, WhiteHat Jr's CEO Ananya Tripathi, and CFO Ajay Goel.
Anil Goel joins the list of key departures, leaving the CTO role after almost three years with the company. This move aligns with the broader restructuring strategy aimed at reaching break-even next year.
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Thattil's elevation follows his role as senior vice president at BYJU'S-owned EPIC. Notably, BYJU'S is in the process of selling EPIC for $400 Mn – $500 Mn as part of its debt repayment strategy.
The restructuring initiative involves merging business units, regionalizing sales and marketing functions, and consolidating finance functions under the CFO. Approximately 3,500 roles have been eliminated, bringing the total workforce down to nearly 20,000 from over 24,000 in May.
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The departure of key executives adds to BYJU'S recent challenges, including delays in financial reporting, legal disputes with lenders, and an ED show-cause notice alleging forex rule violations amounting to over Rs 9,000 crore.
The company remains under scrutiny, facing the need for fresh capital and navigating a complex landscape. As it grapples with these challenges, the leadership changes signify a pivotal moment in BYJU'S journey, reflecting a strategic effort to navigate turbulent waters and emerge with renewed strength in the competitive edtech landscape.