Veteran leaders Rajnish Kumar, T V Mohandas Pai to join BYJU's board advisory council
Edtech startup BYJU'S announced on July 13 that former State Bank of India chairperson Rajnish Kumar and TV Mohandas Pai -former Chief Financial Officer (CFO) and board member of Infosys will be joining the startup's Advisory Council. The new appointments come after the startup's three key investors–Peak XV Partners, Prosus and Chan Zuckerberg Initiative–resigned from the board leaving CEO Raveendran, co-founders Divya Gokulnath and Riju Ravindran as part of board members.
TV Mohandas Pai's firm Aarin Capital - proprietary venture fund, is one of BYJU'S investors. Pai was one of the edtech startup's early backers. ‘’Rajnish Kumar and TV Mohandas Pai have accepted their invitation to join the company's newly constituted Advisory Council.
This council will play a pivotal role in advising and mentoring BYJU'S board and CEO Raveendran, on crucial matters that shape the company's future,'' according to a statement released by BYJU'S today. The Advisory Council is poised to bring fresh perspectives and finance acumen to help BYJU'S maintain its position as a global leader in the ed-tech space, it added.
The appointment of the two thought leaders in finance and governance to the Advisory Council is likely to enhance the company's financial governance mechanisms and leverage expert advice to drive growth and strategic decision-making, according to the startup. "Byju and Divya are amongst the most impressive entrepreneurs I have worked with from the startup ecosystem.
Since our first contact more than a decade ago, they have built the largest edtech company globally and amongst the largest startups in India. I see in them the drive to build the group into a successful corporation, and to ensure they deliver upon their mission in
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