Byju's CTO Anil Goel resigns; company elevates Jiny Thattil as the Group CTO

Anil Goel, the Group Chief Technology Officer (CTO) and President of Technology, is resigning from troubled edtech giant Byju's after working for almost three years in the company.

Jiny Thattil, previously the Senior Vice President at Byju's owned EPIC, has been elevated to the role of the Group CTO.

Byju's is undergoing a significant leadership change amid high-profile exits and internal restructuring.

The appointment of Jiny Thattil is part of Byju's strategic efforts to enhance operational efficiency and sustainability.

Byju's reported an EBITDA loss of Rs 2,253 crore in FY22 and is attempting to sell EPIC for $400-$500 million to pay off its debt.

Byju's and its founder Byju Raveendran have been served a show-cause notice by the ED for alleged violations of the Foreign Exchange Management Act (FEMA) amounting to Rs 9,000 crore.

Byju's is focused on achieving profitability and aims to reach break-even next year.

The departure of Anil Goel is part of a broader restructuring at Byju's as the company consolidates its businesses and reduces costs by eliminating thousands of jobs.