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BYJU’S-Owned Aakash Institute Unlikely To See Chaudhry’s Return

Inc42 · 1y

Aakash Education's operating revenue for the financial year ended March 31, 2023, is expected to have surpassed INR 2,000 crore. Aakash Institute, owned by BYJU's, has decided not to reappoint Aakash Chaudhry as CEO and instead, the board and management council, led by Ranjan Pai, will guide the business. Pai is set to become the primary investor in Aakash. In FY23, Aakash Education's operating revenue is projected to reach INR 2,325.1 crore, indicating a 63% growth compared to the previous year. However, the figure fell short of BYJU's estimate of INR 3,000 crore.