Byju's advisors Rajnish Kumar and Mohandas Pai step down

Byju’s has revealed that advisory board members Rajnish Kumar and Mohandas Pai have opted not to renew their contracts this year. Their current contracts are set to expire at the end of June.

“Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice. We wish the founders and the company the very best for the future,” said Kumar and Pai reportedly said in a joint statement.
Sent by you: “Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice. We wish the founders and the company the very best for the future,” said Kumar and Pai reportedly said in a joint statement.

According to media reports quoted Byju Raveendran, founder and CEO, Think & Learn Pvt Ltd, as saying. “Rajnish Kumar and Mohandas Pai have provided invaluable support in the past year. The ongoing litigation by a few foreign investors have delayed our plans but their advice will be relied upon in the ongoing rebuild which I am personally leading,”.