Did Aakash left Byju's?

No, Aakash hasn't completely left Byju's, but their relationship is fractured, with Aakash operating as an independent entity since March 2024 after withdrawing their merger plan due to Byju's issues, allowing Aakash to distance its brand and focus on its own "Aakash 2.0" strategy under new leadership, though Byju's still holds a stake, leading to legal tussles over control.

Are Aakash and Byju's separate now?

“We are now an independent company, having moved away from being a subsidiary of BYJU'S due to recent changes in ownership and our capital structure,” Mehrotra told Business Standard. Notably, BYJU's parent Think & Learn acquired AESL in 2021 for around $1 Bn in a cash-and-stock deal.

Why did Akash leave Byju's?

Once BYJU'S became entangled in insolvency proceedings, the commercial relationship with Aakash grew fraught. Creditors represented by GLAS Trust and the resolution professional for BYJU'S moved to prevent Aakash from taking steps they said would undermine the ability of lenders to recover value.

Who is the current owner of Aakash?

In Aakash, Think & Learn owns a 26 per cent stake while Byju Raveendran owns a 17 per cent stake. Manipal Education and Medical Group (MEMG), led by Ranjan Pai, owns the majority 40 per cent stake in Aakash, which it acquired in January 2024 by converting a USD 300 million debt investment into equity.

Did Aakash shut down?

Aakash Digital Classroom Program (AD-CRP), a programme by BYJU'S-owned edtech Aakash Educational Services, has been shut down by the firm, Deccan Herald reported. This comes after Aakash let go of around 200 employees between August-September, which included layoffs as well as resignations, the report added.

BYJUS - Lessons from Stunning Rise & Dramatic Collapse of India's Biggest Unicorn | Akash Banerjee

Is Aakash CEO left?

Deepak Mehrotra, the Managing Director and CEO of Aakash Educational Services Limited (AESL), is stepping down after 16 months. He joined in April 2024 to spearhead the company's "Aakash 2.0" strategy, which focused on business model transformation, role consolidation, and talent acquisition.

What is the salary of Aakash CEO per month?

As per the report by Entrackr, Deepak Mehrotra who was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Aakash in April this year will get a monthly salary of Rs 41.66 lakh, including HRA, special allowance, and provident fund effective from April 2024.

Who purchased Akash?

BYJU's Acquires Aakash: Ed-Tech Expansion. BYJU's has acquired Aakash Educational Services Limited (AESL) in an all-cash deal worth approximately $1 billion. AESL is a 33-year old test preparation institution for medical and engineering entrance exams, with over 200 coaching centers across India.

Who is better, Aakash or Allen?

Conclusion: Choosing between Allen and Akash depends on various factors like your child's learning style, budget, and preferences. While Allen is known for its structured approach and high success rates, Akash provides personalized attention and a comprehensive teaching methodology.

Why did Byju fail?

Abstract: Once an education IT pioneer, BYJU'S, failure convoluted startup workers, investors. Byju failed due to financial mismanagement. Bad decisions and inconsistent financing prevented the corporation from paying its obligations.

How much did Byju's pay for Aakash?

BYJU'S acquires Aakash Educational Services for $1 billion.

Who is taking over Byju's?

In a decisive move that could reshape India's education sector, the Manipal Group, led by Dr. Ranjan Pai, has submitted a second Expression of Interest (EoI) to acquire edtech unicorn Byju's, which is currently undergoing insolvency proceedings.

Who is the CEO of Akash?

Mr. Chandra Sekhar Garisa Reddy (Sekhar Garisa) is appointed as the Managing Director & Chief Executive Officer (MD & CEO) at Aakash Educational Services Limited with effect from 19th August 2025. Most recently, he was the Managing Director of Claypond Capital, Family Investment Office of Dr.

Is Aakash all over India?

With 300+ branches across India, 5000+ expert faculty, comprehensive study material, regular tests & assessments and an efficient doubt clearing system, backed by robust technology for an omni channel experience, Aakash provides one of the best coaching experiences for students aspiring to become a doctor or an ...

What is the valuation of Aakash?

Aakash Educational Services has raised $745M in funding from Blackstone, with last known valuation of ₹5,050Cr.

Is Aakash still under Byju's?

Byju's and Aakash Educational Services (AESL) have formally broken their partnership, with AESL now existing independently. This noteworthy development coincides with Byju's persistent financial difficulties and the ensuing modifications to its ownership structure.

Who is the current owner of Aakash Institute?

Ranjan Pai, the chairman of Manipal Education and Medical Group, may emerge as the majority shareholder in Aakash Institute, owned by Byju's, with 40 per cent stake, according to a report by The Economic Times (ET).

How much does Aakash Institute cost?

Fees vary by course, duration, and location — starting from ₹77,000 for foundation batches and going up to ₹3.5 lakh for NEET two-year programs. Scholarships through ANTHE, iACST, and merit-based programs offer students up to 100% tuition fee waivers.

Who is the no. 1 richest CEO in the world?

Highest Paid CEO in the World: Elon Musk is the highest paid CEO in the world with earnings around $23.5 billion. Following him are other big names like Tim Cook of Apple, Sundar Pichai of Alphabet (Google's parent company), Jensen Huang of Nvidia, and Reed Hastings of Netflix.

Is Aakash profitable?

Aakash Exploration Services Ltd's profitability score is 46/100.

Who is the CEO that pays everyone $70k?

The CEO famous for paying employees $70k is Dan Price, former CEO of Gravity Payments, who in 2015 dramatically cut his own $1.1 million salary to fund a $70,000 minimum wage for all his staff, a move that garnered international attention, initial criticism, and eventually, significant business success, though he later resigned amid unrelated legal issues. 

Who is Deepak Mehrotra?

Deepak has spent over 25 years as a successful serial entrepreneur, inventor and senior technology executive with world-class global technology companies. Deepak is the President, COO and Board Member of GTRAN, a company he founded in 2000.

Who is Dr. JC Chaudhry?

J C Chaudhry is Managing Director of Aakash Institute/Aakash IIT-JEE. Besides education, he has deep interest in Numerology also. He is practicing Numerology for the last 32 years. He has studied thousands of cases as his hobby and provided solutions.