11 April 2025
Bengaluru

Byju Raveendran defends himself amid crisis

The founder of embattled edtech giant BYJU’S refutes claims that his family had financially benefited from the company’s rise, stating that any wealth accumulated was reinvested to keep the start-up afloat

Staff Writer
1 MAR 2025

In a LinkedIn post, Byju Raveendran, founder of embattled edtech giant BYJU’S, alleged “criminal collusion” between EY India, GLAS Trust, and an interim resolution professional (IRP), accusing them of working against the company’s interests.

He claimed to have received “conclusive evidence” of wrongdoing and called for an immediate investigation but did not disclose further details. “Several employees and I received a document with conclusive evidence of criminal collusion between EY India, which I otherwise held in high regard, GLAS Trust, which claims to represent lenders it does not represent, and the IRP, who was appointed by an Indian court to protect BYJU’S but ended up destroying it,” he wrote.

“I am sure a thorough investigation of this evidence will reveal the truth. I request the authorities to take that up immediately,” he added, demanding a probe into the alleged misconduct. Shortly after his post gained traction, Byju Raveendran’s LinkedIn account and the post were allegedly taken down. His wife, Divya Gokulnath, took to social media to highlight the removal, questioning the reason behind it. “Byju’s post and account taken down. Investigating why. But no problem. Here we go again,” she wrote, sharing screenshots of the deleted post. However, at the time of writing, both the account and post were restored. Raveendran’s statement comes as BYJU’S battles a legal and financial storm.

The company is entangled in disputes over a $1.2 billion term loan, with lenders pushing for governance changes amid an ongoing insolvency resolution process.