Who is the current owner of Aakash?

Aakash Educational Services Limited (AESL) is majority-owned by Manipal Education and Medical Group (MEMG), led by Ranjan Pai, who acquired a 40% stake in early 2024 by converting debt. While BYJU's acquired the company in 2021, its stake has been diluted, with BYJU's parent (Think & Learn) holding 26% and founder Byju Raveendran holding 17%, and the Chaudhry family (founders) holding the remaining.

Who is the owner of Aakash now?

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 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 still owned by Byju's?

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.

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.

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

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.

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. 

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%.

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.

Why did Byju's collapse?

In 2022 Byjus laid off nearly 4000 people from its team amid funding crunch and road to profitability. Byju's was experiencing a severe funding crunch as of December 2023. The business was at odds with US lenders over unpaid interest on a $1.2 billion term loan.

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 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.

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.

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.

Has Byjus sold Aakash?

The Aakash saga

Ranjan Pai, chairman of Manipal Education and Medical Group, has emerged as the single largest shareholder in Byju's-owned Aakash Institute, with a 39 per cent stake. This happened after the Aakash board approved the conversion into equity of the $300 million invested by Pai in 2023.

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.

Who is the CEO of Aakash?

Chandra Sekhar Reddy Garisa

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.

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 is the most overpaid CEO?

At the top of the list: Warner Bros. Discovery's David Zaslav, who received $246 million in 2022 even though the company's stock fell 60% in the same year and roughly 40% of shares voted against his pay package.

What CEO gave his employees 1.4 billion?

Here are his 3 secrets to being a great boss. Delta Air Lines CEO Ed Bastian was 25 when he first got on a plane. Since then, he's become one of the most admired CEOs on the Fortune 500.

Which CEO makes $1 a year?

CEOs take a $1 salary as a symbolic gesture, signaling commitment and shared sacrifice, especially during tough times or to align interests with shareholders, but they still earn millions through stock options, bonuses, and perks, making it a strategic move rather than true altruism, as seen with figures like Mark Zuckerberg, Larry Page, and Elon Musk. This tradition dates back to Lee Iacocca at Chrysler and serves as a powerful signal of alignment and long-term belief in company growth, often making it a status symbol in the tech world.
 

Who is the poorest CEO in the world?

15 Lowest Paid CEOs of Major Corporations

• Mark Zuckerberg. Surprised? ...
• Meg Whitman. As the CEO of Hewlett-Packard, Whitman earns just $1 every year. ...
• Richard Kinder. The CEO and founder of Kinder Morgan also makes just $1 per year. ...
• Sergey Brin. ...
• Carl Icahn. ...
• Richard Hayne.