IANS | 08 Apr, 2024
Aakash Educational Services, owned by Byju’s, has appointed former
Pearson India executive, Deepak Mehrotra, as its Managing Director and
CEO, effective immediately, the company said on Monday.
Mehrotra has more than 35 years of experience in top roles in sectors like FMCG, telecom and education industries.
“In
his role as CEO, he (Mehrotra) will be responsible to deliver on our
aggressive growth plan and to build on the significant momentum the
company is currently experiencing," according to Byju Raveendran,
Co-founder and CEO, Byju’s.
Mehrotra has a Bachelor's degree in
Electrical Engineering from IIT Roorkee, an MMS from JBIMS, and has
completed an Executive programme from The Wharton School, Philadelphia,
US.
“His strategic vision and proven operational expertise will be
instrumental in solidifying our position as an industry leader,” said
Shailesh Haribhakti, the Chairman of AESL (Aakash Educational Services
Limited).
The appointment comes almost seven months after CEO
Abhishek Maheshwari and CFO Vipan Joshi had quit the leading test
preparation company amid a shareholder tussle.
Before Aakash,
Mehrotra was the Managing Director of Ashirvad Pipes, and also worked
with Bharti Airtel and Coca-Cola, among other companies.
There
were reports earlier that Aakash Chaudhry, the promoter of Aakash
Educational Services, will return as Aakash’s CEO but the talks did not
materialise.
Byju’s had acquired Aakash Educational Services for almost $1 billion in 2021 in an equity and cash deal.
In June 2023, the edtech company had said that Aakash would go public later this year.
