Byju’s onboards Mohandas Pai, Rajnish Kumar on its newly-constituted advisory panel

• Former SBI chief Rajnish Kumar says that he is convinced that Byju’s will make sincere efforts to steer a course correction.
• Pai calls the founders of Byju’s the “most impressive entrepreneurs”.
• The constitution of the advisory committee is a fallout of three board members quitting recently.

Ed-tech giant Byju's has roped in TV Mohandas Pai, former CFO of Infosys and an early investor in the company, to join its newly-constituted advisory panel. Also on the panel will be former SBI and current BharatPe chairman Rajnish Kumar. The advisory committee will provide advice and guidance to the CEO Byju Raveendran on crucial matters.

Pai welcomed the seat and called the founders of Byju’s the “most impressive entrepreneurs”.

"Byju and Divya are among 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 this sector as a category creator and market leader," said Pai in a statement.

The Byju’s Advisory Council is aimed at bringing fresh perspectives and finance acumen and help the edtech company maintain its position as a global leader.

Rajnish Kumar said that his discussions with the founders convinced him that they are dedicating sincere efforts to steer a course correction of the company's governance structure.

“The company has achieved an impressive growth trajectory and has built significant scale in its base of revenue, operations, and global presence. With calibrated guidance from experienced advisors who have come together to support these dynamic entrepreneurs, the company will be able to move forward and continue to contribute to this very important field of education," he said.

Byju's, earlier in the day, announced that Arjun Mohan, former CEO of upGrad, would be joining the the company as the CEO of its international business.

It is noteworthy that the constitution of the advisory committee is a fallout of three board members – GV Ravishankar of Peak XV Partners (Sequoia Capital India), Russel Dreisenstock of Prosus and Vivian Wu of Chan Zuckerberg Initiative - stepping down a few weeks earlier from the company's board. All three have cited differences with the founder.