Is Aakash in loss?

Yes, Aakash Educational Services (AESL) faced a net loss in FY23, reporting a loss of ₹79.4 crore despite significant revenue growth, leading to cash flow issues and a major rights issue to raise funds, complicated by the insolvency of its parent company, Byju's (Think & Learn). While profitable in FY22, the company is navigating financial challenges, senior management changes, and legal battles with Byju's stakeholders over funding and control, though it shows signs of recovery with recent enrollment increases.

Is Aakash declining?

Recent Price Performance and Market Comparison

In the past week, it declined by 3.82%, nearly double the Sensex's 1.75% fall. Over the last month, the stock dropped 4.04%, while the Sensex managed a modest 0.99% gain. Year-to-date, Aakash Exploration Services has lost 4.81%, compared to the Sensex's 1.30% rise.

Is Aakash in debt?

Aakash Exploration Services's operated at median net debt / equity of 33.8% from fiscal years ending March 2021 to 2025. Looking back at the last 5 years, Aakash Exploration Services's net debt / equity peaked in March 2023 at 44.3%.

Is Aakash no longer with Byjus?

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.

How much did Byju's pay for Aakash?

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

Akash sold an article at a loss of 17%. If he had bought the item at 5% less and had sold it for

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.

Who is the new owner of Aakash?

Byju's closed the dealEconomic TimesByju's acquires Aakash Educational Services in nearly $1-billion deal for a reported $950 million.

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.

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.

Is Aakash better or Allen?

Allen usually wins with more top ranks—like AIR 1 in NEET 2023. Their strict style and Kota vibe push students hard. They've got a huge success rate, especially for droppers. Aakash is awesome if you like a gentler approach.

Is Aakash falling?

Over recent periods, Aakash Exploration's shares have consistently underperformed key indices such as the Sensex. In the past week, the stock fell by 1.79%, compared to a modest 0.21% decline in the Sensex. The one-month trend shows a 4.15% drop in the stock price, while the Sensex gained 0.64%.

Who owns Aakash Institute now?

Byju's acquired Aakash Institute in April 2021 for $950 million (approx.

Is Aakash profitable?

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

Is Aakash being sold to BYJU's?

Aakash Education Services Ltd (AESL), a coaching centre for medical and engineering students, was acquired by Byju's parent company, Think & Learn, for $950 million in 2021. At the time, it was one of the largest acquisitions in the Indian startup ecosystem.

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.

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 rank of Aakash?

The rank of the word "AAKASH" in dictionary order is 11.

Is Aakash better for NEET?

Aakash Institute is the oldest & Best Coaching in Bangalore for the best NEET preparation. Their years of experience and expertise in this field ensure that students get the best outcome while preparing for NEET Exam.