Why is FIITJEE closing?

FIITJEE is closing numerous North Indian branches due to a severe financial crisis, mass faculty resignations over unpaid salaries, and alleged mismanagement, leading to protests from angry parents demanding refunds, with issues compounded by regulatory actions and internal conflicts between central management and local partners. While the company blames "overnight desertion" by managing partners, reports point to a deeper problem with underperforming centers and financial mismanagement over time.

Will FIITJEE come back?

Three months after it abruptly shut operations across the country, FIITJEE has reopened one of its coaching centres in the National Capital Region (NCR), marketing the move as 'FIITJEE 2.0. '

Is FIITJEE closing in Delhi?

Several branches of coaching institute FIITJEE in Delhi NCR and north-India have shut down due to the institute's financial crisis. The closure has left hundreds of parents protesting against the institute demanding refund of their fees.

Has Aakash bought FIITJEE?

Aakash has extended its hand with unmatched compassion and vision, merging with FIITJEE centers in Dwarka and Lucknow, and more are rumored to follow. Even more remarkable is their decision to retain and support the entire faculty.

Which company acquired FIITJEE?

16/01/2011 - QInvest Acquires a Stake in Leading Indian Education Company. QInvest, Qatar's leading investment bank, has acquired a stake in FIITJEE Limited, India's leading test preparation company for engineering and medical entrance examinations.

FIITJEE Centres Closed Down, FIRs Filed: What Went Wrong With The Coaching Giant?

Who is FIITJEE's owner?

DK Goel, a Mechanical Engineering Graduate from IIT Delhi, founded FIITJEE in 1992. FIITJEE offers coaching for students primarily aiming for admissions into IITs and NITs in India along with various science olympiads. FIITJEE Limited was incorporated on 13 October 1997 as a public company limited by shares.

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.

Which is no. 1 coaching in India?

List of Top 10 Best IIT Coaching Institutes India

• Aakash Institute. ...
• Sri Chaitanya and Narayana. ...
• T.I.M.E. ...
• BASE Educational Services. ...
• Abhyaas Practice for IIT-JEE. ...
• Kalrashukla Classes. ...
• Gupta Tutorial. ...
• ICR Education Society.

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 better, Allen or FIITJEE?

Allen is better if you want overall JEE success. They've got more study hours—like six a day—and tons of tests. They've helped thousands, like Ved Lahoti, with AIR 1 in 2024. So, pick FIITJEE for Advanced, Allen for both Mains and Advanced.

Who is No. 1 school in Delhi?

Top 10 Schools in Delhi for 2026-2027

• The British School. ...
• Delhi Public School. ...
• Shri Ram School. ...
• Vasant Valley School. ...
• Chinmaya Vidyalaya. ...
• Modern School. ...
• Bal Bharati Public School. ...
• Sardar Patel Vidyalaya.

What is the success rate of FIITJEE?

Securing both Tamil Nadu State Ranks 1 & 2, and achieving a remarkable success rate of over 75%, our students have truly exemplified excellence through dedication and perseverance.

Who is buying FIITJEE?

QInvest, Qatar's leading investment bank, has acquired a stake in FIITJEE Ltd, India's leading test preparation company for engineering and medical entrance examinations.

Will FIITJEE refund money?

Fees paid are strictly non-refundable under any circumstances. They are also not transferable or adjustable against any other current or future courses at FIITJEE, nor transferable to another student.

Which is no 1 IIT in India?

As of recent rankings (like NIRF 2025), IIT Madras is consistently ranked as the #1 engineering institute in India, followed closely by IIT Delhi, IIT Bombay, IIT Kanpur, and IIT Kharagpur. IIT Madras has held the top spot for several years due to strong performance in research, placements, and overall academic quality.
 

Which academy is best for JEE?

Popular Tutorials For IIT JEE in Bangalore

• Excel Acadamics. 4.62.4k Ratings. ...
• Deevige Classes Pvt Ltd. 4.9933 Ratings. ...
• Elite IIT. 4.21k Ratings. ...
• IISE-Indian Institute Of Specialised Education. 4.8862 Ratings. ...
• Ideal Centre For Educare. 4.7669 Ratings. ...
• T T T Academy. ...
• Advaith International Academy. ...
• Bhat And Bhat Tutorials.

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.

Is Aakash owned by BYJU's?

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.

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 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 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.

Why did Byju fall?

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