Is Aakash owned by BYJU's?

Yes, Byju's acquired Aakash Educational Services in a major deal in April 2021, making Aakash a Byju's-owned entity, though financial issues have led to restructuring, including Manipal Chairman Ranjan Pai acquiring significant stakes and debt, potentially reducing Byju's ownership share over time.

Why did Byjus leave Aakash?

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.

How much was Aakash Institute sold for?

Byju's had announced Aakash's acquisition for $1 billion in 2021, and the deal had two parts. Byju's paid 70% of the amount in cash, while the remaining 30% was to be covered through a share swap, in which the Chaudhrys and Blackstone would have received a stake in Byju's.

Is Aakash still owned by Byjus?

About $1 billion was paid for Byju's acquisition of Aakash Institute in April 2021. At Aakash Institute, Deepak Mehrotra has been appointed MD and CEO. The creator of Byju recognised his commercial skills. Currently, 40% of Aakash is owned by Ranjan Pai, the head of the Manipal company.

Byju: Aakash Was My Best Bet, Not A Mistake!

How much did Byju's pay for Aakash?

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

Is Aakash profitable?

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

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 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.

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 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 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 was the Supreme Court verdict on Byju's?

The Supreme Court on Monday refused to interfere with an order of the National Company Law Appellate Tribunal (NCLAT) which had allowed Aakash Educational Services Ltd., a subsidiary of Byju's (Think and Learn Pvt. Ltd.), to proceed with its proposed rights issue.

Which is no. 1 coaching in India?

List of Best Coaching Institutes For IIT-JEE & NEET in India with Fees Structure

• Motion Education Kota. ...
• Allen Career Institute Kota. ...
• Aakash Institute New Delhi. ...
• Sri Chaitanya And Narayana (CHAINA) Hyderabad. ...
• Career Point Kota. ...
• Resonance Kota. ...
• Vidyamandir Classes New Delhi (VMC Classes) ...
• Super 30 Patna.

What is the difference between BYJU's and Aakash?

Byju's has acquired Aakash Educational Services for $1 billion to bolster its presence in the test preparation segment in India. Aakash has over 30 years of experience operating 215 centers and serving over 2.5 lakh students, while Byju's provides online education through its app to over 80 million students.

Why are Aakash and Byju separated?

The Aakash saga

This happened after the Aakash board approved the conversion into equity of the $300 million invested by Pai in 2023. In November 2022, he had invested close to $200 million in Aakash Institute to help Byju's clear its debt and interest to Davidson Kempner.

Why did Byju close?

In 2024, the company faced severe financial and operational challenges due to which it laid off approximately 500 employees, mainly from its sales and marketing departments. As of 2025, the company is under insolvency proceedings in India.

What is the success rate of Aakash students?

Based on verified 2024-2025 data, Allen Career Institute in Kota has the highest success rate, with 14.2% of its students scoring above 680 in NEET. Aakash Institute and Resonance follow closely with 12.9% and 11.8% respectively.