Byju Raveendran Age, Wife, Family, Biography
Byju Raveendran Age, Wife, Family, Biography
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Quick Infoâ
Age: 46 Years
Hometown: Azhikode, Kerala
Wife: Divya Gokulnath
| Bio/Wiki | |
|---|---|
| Profession(s) | Entrepreneur, Teacher |
| Famous for | Being the founder of the Byju's |
| Physical Stats & More | |
| Height (approx.) | 5' 11" (180 cm) |
| Weight (approx.) | 80 Kg (176 lbs) |
| Eye Colour | Brown |
| Hair Colour | Black |
| Personal Life | |
| Date of Birth | 30 May 1978 (Tuesday) |
| Age (as of 2024) | 44 Years |
| Birthplace | Azhikode, Kerala |
| Zodiac sign | Gemini |
| Nationality | Indian |
| Hometown | Azhikode, Kerala |
| School | A local school of Azhikode, Kerala |
| College/University | Government Engineering College, Kannur, Kerala |
| Educational Qualification | B.Tech in Mechanical Engineering |
| Religion | Hinduism |
| Hobbies | Playing Football, Cricket, and Table Tennis |
| Controversies | ⢠Summoned by NCPCR On 17 December 2022, the National Commission for Protection of Child Rights (NCPCR) summoned Byju Raveendran after the commission received complaints from parents and children that BYJU'S lured them into loan-based agreements for their courses. check sources The Hindu ⢠Loan repayment row In March 2023, BYJU'S lenders in the United States led by investment management firm Redwood accelerated the TLB repayment alleging certain non-monetary and technical defaults, and they also seized control of Byjuâs Alpha, the holding company for Byjuâs, and appointed their own management. According to lenders, Byjuâs Alpha was set up solely to receive the Term Loan B. Byjuâs and its subsidiaries along with its acquisitions and is controlled by its parent company âThink & Learn Pvt. Ltd. According to a Bloomberg report, Byjuâs Alpha was accused by the lenders of defaulting on their payments, and the lenders sought to replace Byju's chief Riju Raveendran, younger brother of Byju Raveendran, with their representative, Timothy R Pohl. The move later triggered a legal battle between the edutech group and its lenders in US courts in Delaware and New York. check sources The Hindu ⢠ED Raids On 29 April 2023, the Enforcement Directorate (ED) raided the premises of Byju's in Bengaluru in connection with alleged foreign exchange violations by the firm. According to the agency, Byju's had allegedly remitted abroad over Rs 9,700 crore of the Rs 28,000 crore it received as Foreign Direct Investment (FDI) since 2011. The ED also alleged that the firm had remitted Rs 9,754 crore (approx) to various foreign jurisdictions during the same period in the name of overseas direct investment. The ED claimed that the agency started probing against Byju's after receiving complaints from various private persons. The agency also claimed that even after several summonses issued to the founder & CEO Raveendran Byju, he always remained evasive and never appeared during the investigation. While reacting to the ED raids, a spokesperson for Byjuâs termed it a âroutineâ inquiry and said, âWe have been completely transparent with the authorities and have provided them with all the information they have requested. We have nothing but the utmost confidence in the integrity of our operations, and we are committed to upholding the highest standards of compliance and ethics.â check sources The Indian Express In February 2024, the ED urged the Bureau of Immigration to issue a Look Out circular (LOC) against him. check sources Onmanorama ⢠Byjuâs Alpha accused of hiding $500 million On 19n May 2023, lenders of Byju's Alpha accused the American arm of Byjuâs of defaulting on their payments and transferring half a billion dollars out of the company following which a hearing was initiated at the Delaware Chancery Court, and the court ordered the managers not to make any substantive changes in the organisation and scheduled a trial to decide who will have control of the company. On 5 June 2023, Byju's filed a complaint in the New York Supreme Court, challenging the acceleration of the loan payments, and the company refused to make any further payment to its lenders till the dispute over its terms gets settled. check sources The Hindu |
| Relationships & More | |
| Marital Status | Married |
| Affairs/Girlfriends | Divya Gokulnath |
| Family | |
| Wife/Spouse | Divya Gokulnath |
| Children | Son- Nish Daughter- None |
| Parents | Father- Raveendran (Physics Teacher)  Mother- Shobhanavalli (Mathematics Teacher) |
| Siblings | Brother- Riju (Younger; Director at Byju's) Sister- None |
| Money Factor | |
| Net Worth | $0 (as of 2024) check sources NDTV |
Some Lesser Known Facts About Byju Raveendran
He created the learning app âByjuâs-The Learning Appâ, and it is the only startup in Asia which is funded by Mark Zuckerberg and his wifeâs foundation- the âChan Zuckerberg Initiativeâ.
Once, in an interview, he said that âAlthough my parents are teachers, they never pressurised me to perform well at academics. Instead, my father pushed me towards sportsâ. It resulted in Byju playing six sports at the university level, including Football, Cricket, Table Tennis, and Badminton.
Despite being a sportsperson, Byju never planned to pursue a career in sports. Like most of the students, he only thought of two professions- medical science (Doctor) and engineering. He knew that he would not get any time for sports as a medical student, he chose to become an engineer.
After graduating, he secured a job as a âservice engineerâ at a multi-national shipping firm.Â
Once, when he was on a vacation in Bangalore, his friends were preparing for the CAT exam. Since Byju was good at maths, his friends asked him to guide them. Not only did he help his friends, but he also appeared for the exam, just for âfunâ. To his surprise, he scored a perfect 100 percentile.
He wanted to ensure that his 100 percentile was not a fluke, hence, he attempted the exam once again and scored 100 percentile. He got a call from all six of the IIMâs, but, he declined all the offers; as he had no interest in doing an MBA.
His friends also cleared the exams with good marks. Thus, his journey of becoming a professional teacher began from the terrace of his friendâs house. He would guide MBA aspirants with tips and tricks to solve mathematics problems in the least time-consuming way. In an interview, he said, âAs the number of students grew, the venue of his classes moved from friendâs terrace to a classroom, to an auditorium, and eventually to a stadium.â.
Since he was enjoying teaching, he gave up his job and began teaching. He kept the initial workshops âfree of cost:â. He charged money for the advanced workshops only when the students were comfortable with his style of teaching.
He became so popular among students that at one point in time, he was taking maths workshops for around 20,000 students, across different cities, including Delhi, Pune, Mumbai and Chennai.
In 2009, he began recording his lectures to make them available to students across 45 cities.
A few students, who had just passed out of IIMâs, contacted him and proposed the idea of taking Byjuâs classes to an all-new domain. Therefore, he, along with his former students, founded a company named âThink and Learnâ, which was aimed at creating content for school students. Byju operated on the idea that- âto perform well in competitive exams, students should have complete concept-clarity, which can only be imparted during a personâs schoolingâ.
By August 2015, Byjuâs Android and iOS apps had over 5.5 million downloads with more than 2.5 Lacs annual subscribers.
In September 2016, the Chan-Zuckerberg Initiative, a philanthropic organisation created by Facebook founder Mark Zuckerberg and his wife, Priscilla Chan, invested $50 million in Byjuâs firm, making it the first start-up in India to be funded by the initiative.
The following snapshot sums up Byjuâs journey:
In 2017, Byjuâs- The Learning App was incorporated by the âHarvard Universityâ as one of its case studies.
On 15 September 2017, Byju Raveendran was featured on the cover of the Forbes India magazine.
Byju Raveendran Featured on the Cover of Forbes India Magazine
In 2019, Byju Raveendranâs net worth grew to $1 Billion.
In July 2019, âByjuâs-The Learning Appâ became the official sponsor for the Indian Cricket Team Jersey.
On 14 February 2019, he was awarded the Entrepreneur of the Year Award by Ernst & Young.
Byju Raveendran with the Entrepreneur Of The Year Award
As of July 2019, Byjuâs-The Learning App has more than 10 million downloads on Androidâs Play Store and has more than 35 Lacs annual paid subscribers.
In April 2024, Arjun Mohan resigned as the CEO of Byjuâs following which Byju Raveendran took over control of day to day operations at Byjuâs.
Hereâs an interesting video about Byju Raveendranâs biography:
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