. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company, once India's most valuable startup, said.
"As BYJU'S continues to chart its path to profitability and sustainable growth, we have undertaken a restructuring of businesses and verticals including the consolidation of four verticals into two key verticals - K-10 and Exam Prep," the spokesperson said.Byju's has let go of thousands of employees this year as it grapples with multiple legal and financial woes.
said that the company's management "regularly disregarded advice" despite repeated efforts by the Dutch-listed tech firm's former director to improve governance.due to "long-delayed" financial statements by the company, citing "significant impact" on its ability to perform audits according to necessary standards.In early July it
an advisory council with investor Mohandas Pai and former State Bank of India chairman Rajnish Kumar to address corporate governance issues.Our Standards:
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