Ronnie Screwvala Holds Byju’s CEO and Investors Accountable for the Chaos Unfolding within the Company.

In a discourse at the ASU+GSV & Emirtus Summit’s second installment in Gurugram, serial entrepreneur and investor Ronnie Screwvala pointed fingers at Byju Raveendran and the investing cohort for the quagmire currently encasing the company.

Screwvala, in his allocution, staunchly championed the narrative of Indian educational technology, stressing that the malfeasance of a solitary entity should not cast a shadow over the entire domain. He articulated, “They, the investing cohort, deemed it pertinent during board deliberations to prioritize inquiries about the timeline for subsequent investments rather than address the conspicuous absence of a Chief Financial Officer. It is my firm belief that this solitary facet should not be the harbinger of doom for the entirety of the educational sector.”

Expressing his solidarity, Screwvala took to X platform to endorse the decisive action of Byju’s primary stakeholders in ousting the current managerial echelon and orchestrating a structural overhaul within the board.

Reflecting on what could have been, Screwvala lamented, “Had the pertinent questions been raised four years prior, the trajectory could have been markedly different,” as cited in a report by Moneycontrol.

A coalition of stakeholders wielding more than a 30% ownership stake in Byju’s purportedly intends to seek judicial intervention from the National Company Law Tribunal should the forthcoming extraordinary general meeting, slated for the week subsequent to the impending Friday, prove fruitless in effectuating a regime change.

Read More: Farmers’ Protest Gains Momentum: Major Unions Unite for ‘Rail Roko’ in Punjab

• BJP President JP Nadda Issues Notice to Dilip Ghosh Over Controversial Remarks on Mamata Banerjee
• Ram Charan and Kiara Advani’s ‘Jaragandi’ Song from Game Changer Released
• Pre-Match Banter: Rohit Sharma’s Flying Kiss Recreation Adds Spice to MI vs SRH Clash
• Swami Smaranananda Maharaj, President of Ramakrishna Math and Ramakrishna Mission, Passes Away at 95
• Stand-up Comedian Munawar Faruqui Breaks Silence on Social Media After Mumbai Police Detention