Who has bought Aakash Institute?

BYJU'S, the Indian online education giant, acquired Aakash Educational Services (Aakash Institute) in a major deal valued around $1 billion in April 2021, merging the online and offline learning models to create an omnichannel player, though the companies later faced integration challenges and disputes over the share swap portion of the deal.

Who is the owner of Aakash Institute?

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.

Has Aakash Institute been acquired?

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

Who bought Aakash Institute?

Edtech BYJU's in April 2021 acquired Aakash Educational Services Ltd (AESL) for nearly USD 950 million. The deal was a cash-and-stock deal, and the acquisition was one of the largest in the Indian startup ecosystem. The deal involved a 70 per cent cash component and a 30 per cent equity component.

How much did Byju's pay for Aakash?

Chaudhry's sprawling educational institute, the Aakash Educational Services Ltd (AESL), was bought by edtech decacorn Byju's for nearly $1 billion in 2021.

Why Byju’s Buy Aakash Institute ?

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.

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 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. Ranjan Pai.

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.

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.

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.

Where was JC Chaudhry born?

Chaudhry was born in Panoh, a village in the Una district of Punjab (now Himachal Pradesh), India with a population of 800. The village did not have running water or electricity until he was a teenager. His parents, Bhagat and Surjeet Chaudhry, were small-scale farmers, and he was the youngest of three sons.

Why did Byju collapse?

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

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 took over Aakash Institute?

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

Who bought 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.

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.

Is Aakash Institute worth the investment?

Why choose Aakash Educational Institute Franchise? Aakash Educational Institute, a coaching company with over 35 years of experience in the education sector, has a proven track record of delivering outstanding results in medical and engineering entrance exams, competitive and scholarship exams.

Who is the new MD of Aakash?

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.

Who is the CEO that pays everyone $70k?

The CEO famous for paying employees $70k is Dan Price, who in 2015 slashed his own $1.1 million salary to set a $70,000 minimum wage at his company, Gravity Payments, leading to increased revenue, employee retention, and positive media attention, though he later faced legal issues and resigned in 2022.
 

Is Aakash profitable?

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