Who bought Akash?

Byju's (Think & Learn Pvt Ltd) acquired Aakash Educational Services (a leading test prep company) in a cash and stock deal valued at nearly $1 billion in April 2021, making it one of India's largest ed-tech acquisitions. The deal aimed to merge online and offline learning, with Aakash promoters and Blackstone receiving Byju's shares, though the equity swap faced roadblocks later, and investor Ranjan Pai later bought a significant stake in Aakash to help Byju's.

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.

Who bought Akash Deep in IPL?

Akash Deep sold to KKR for his base price of 1 crore #iplauction2026 #ipl2026 #IPLAuction.

Who purchased Aakash Institute?

Edtech BYJU's in April 2021 acquired Aakash Educational Services Ltd (AESL) for nearly USD 950 million.

Is Aakash acquired by Allen?

Byju's acquired Aakash in April 2021 for a cash and stock deal of nearly $1 billion.

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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.

How much did Byju's pay for Aakash?

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

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.

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.

What is Byju Raveendran doing now?

Philanthropy. Byju Raveendran along with his wife Divya Gokulnath started a foundation whose program Education For All(EFA) provided free education and courses to 3.5Million underprivileged students. with the aim to touching this number to 5 Million.

Is Arjun Tendulkar sold or unsold?

The franchise managed to acquire him for his base price of Rs 30 lakh. Arjun Tendulkar was sold to the Mumbai Indians in the IPL 2025 mega auction.

How rich is Akash Deep?

Cricketer Akash Deep Net Worth

The gifted Indian cricketer Akash Deep is estimated to be worth USD 5 million or approximately Rs 42 crore, according to reports by cricfit.com. He earns approximately Rs 3 to 4 lakh per month through his IPL contract and annual wage from the Cricket Association of Bengal (CAB) and Yeezy.

How did Preity Zinta buy the IPL team?

In 2008, Zinta took a gamble: she invested ₹35 crores in an IPL franchise when the Indian Premier League was merely in its nascent stages. Cut to 2025, and her holding is today valued at over ₹350 crores, Business Today reported. This is not a celebrity's piece of luck.

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.

Who is better, Aakash or Allen?

Aakash: Clear books, especially for NEET. They add online tests and doubt chats. Allen: Short notes that hit key points. Tough tests for both exams.

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 Sanjay Mehrotra a billionaire?

Sanjay Mehrotra has an estimated net worth of at least $373.3 million*, as of Oct. 29, 2025. They own 1.1 million shares of MU stock. They have sold 1.1 million shares of MU stock since 2021, for an estimated $111.0 million.

Is Deepak Kumar Mishra from IIT?

Deepak Kumar Mishra, an IAS officer of the 2019 batch belonging to the Bihar cadre, holds a B. Tech in Mechanical Engineering from IIT Delhi.

How much is Deepak Chopra worth?

Deepak Chopra's net worth is estimated to be over $80 million as of around 2014, derived from his extensive work as an author, physician, and spiritual leader, with significant income from his Chopra Center for Wellbeing, supplements, books, and courses, generating millions annually from his business ventures.
 

Why did Byju collapse?

Abstract: Once an education IT pioneer, BYJU'S, failure convoluted startup workers, investors. Byju failed due to financial mismanagement.

Who owns Aakash Institute now?

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

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.

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.

What is the net worth of JC Chaudhry?

Chaudhry, the 65-year-old founder and CEO of cloud security giant Zscaler, has an estimated net worth of more than $11 billion.

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.