Byju’s taps Mohandas Pai, Rajnish Kumar for board advisory council

livemint.com:

NEW DELHI : Edtech giant Byju’s on Thursday named former State Bank of India chairman Rajnish Kumar and former Infosys chief financial officer T.V. Mohandas Pai to a newly formed council to advise its board.

“This council will play a pivotal role in advising and mentoring Byju’s board and its chief executive officer (CEO) Byju Raveendran, on crucial matters that shape the company’s future," Think and Learn Pvt. Ltd, which runs Byju’s, said in a press statement.

“The appointment of these two esteemed thought leaders in finance and governance to the Advisory Council underscores Byju’s commitment to enhancing its financial governance mechanisms and leveraging expert advice to drive sustainable growth and strategic decision-making," the statement added. News reports earlier in the day said Byju’s had appointed former chief business officer Arjun Mohan as CEO of its international business; however, Mohan said in response to a query that he was working on several things along with founder Raveendran, denying he had been appointed to the role.

A spokesperson for Byju’s declined to comment. While Pai has been among the early backers of Byju’s through his family office, Aarin Capital, Kumar has helped payments firm BharatPe to strengthen its compliance and governance standards after one of its founders, Ashneer Grover, was ousted on allegations of fraud.

“As part of the Advisory Council, I look forward to advising the leadership in evolving the systems of governance and financial reporting, as well as to grow an organisational structure that can serve as a resilient foundation for the future of the company," Pai said. “My discussions with Byju and Divya convinced me that they are dedicating sincere efforts to steer a course