- All resolutions, including the approval of financial accounts for FY 2022, were successfully passed during the AGM.
- India CEO Arjun Mohan unveiled Byju’s 3.0 plan focused on a hybrid model combining online and offline education to boost productivity and expand product options.
- Founder Byju Raveendran addressed challenges related to litigation surrounding loans, TLB lenders’ demands, and plans to resolve the liquidity crisis through the sale of assets like Epic and Great Learning.
- Nitin Golani, CFO of Byju’s India, shared financial insights, revealing a consolidated revenue of Rs 5,015 crore for FY 2022, showcasing growth compared to previous years.
- Byju’s is aiming to reduce losses significantly to establish a sustainable business model. The delay in submitting FY 2022 results has raised concerns among investors and lenders, impacting the company’s valuation.