Thomas, a former Shardul Amarchand Mangaldas companion had joined Byju’s in 2021.
Elevate Your Tech Prowess with Excessive-Worth Ability Programs
|IIMK Senior Administration Programme
|Indian College of Enterprise
|ISB Digital Transformation
|IIML Government Programme in FinTech, Banking & Utilized Danger Administration
The choice to maneuver on got here after “cautious consideration of varied elements,” Thomas posted on networking website LinkedIn. “I’m grateful to have had the chance to work alongside gifted colleagues and professionals. Navigating by way of difficult and tumultuous conditions has been each a studying expertise and a privilege,” he added.
Over the previous yr or so, Byju’s has confronted a number of challenges, together with an ongoing money crunch, delayed monetary outcomes, alleged foreign exchange violations, a number of lawsuits, and components of its enterprise shutting down.
Different current senior degree exits embody these of chief monetary officer Ajay Goel, India enterprise chief Mrinal Mohit, and enterprise vertical heads Mukut Deepak, Pratyusha Agarwal, Himanshu Bajaj and Ananya Tripathi.
Past the highest administration churn, Byju’s money issues have led to the corporate slicing down its workforce by way of the previous yr.
Uncover the tales of your curiosity
ET reported in September final yr that the corporate took a serious restructuring which included firing 4,000-4,500 workers.High shareholders of Byju’s have put forth situations to facilitate any recent capital infusion, asking firm founder Byju Raveendran to loosen his management on the edtech agency, as reported by ET on November 29.