Byju’s general counsel Roshan Thomas resigns from crisis-hit edtech
Roshan Thomas has resigned from the company adding to the spate of senior-level exits at the trouble edtech firm over the past few months.
Thomas, a former Shardul Amarchand Mangaldas partner had joined Byju’s in 2021.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Senior Management ProgrammeVisitIndian School of BusinessISB Digital TransformationVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitThe decision to move on came after “careful consideration of various factors,” Thomas posted on networking site LinkedIn. “I am grateful to have had the opportunity to work alongside talented colleagues and professionals. Navigating through challenging and tumultuous situations has been both a learning experience and a privilege,” he added.
Over the past year or so, Byju’s has faced several challenges, including an ongoing cash crunch, delayed financial results, alleged forex violations, multiple lawsuits, and parts of its business shutting down.
Other recent senior level exits include those of chief financial officer Ajay Goel, India business chief Mrinal Mohit, and business vertical heads Mukut Deepak, Pratyusha Agarwal, Himanshu Bajaj and Ananya Tripathi.
Beyond the top management churn, Byju’s cash problems have led to the company cutting down its workforce through the past year.
ET reported in September last year that the company took a major restructuring which included firing 4,000-4,500 employees.
Top shareholders of Byju’s have put forth conditions to facilitate any fresh capital infusion, asking company founder Byju Raveendran to loosen his control on the edtech firm, as reported by ET on November 29.
