Byju Raveendran is a well-known Indian educator turned entrepreneur, know his 2023 net worth
Find out more about his career, background, and much more.
On Saturday, the Enforcement Directorate announced that, as part of an investigation into possible foreign currency violations, it had raided the Bengaluru-based office and residence of Edtech firm BYJU and its CEO and co-founder, Byju Raveendran.
BJYU’s founder Byju Raveendran: Net worth in rupees 2023, education, family, wife, marriage, biography, age
Dear @BYJUS , is this what you believe in and support? Are you trying to portray are fringe elements are being supported by Modi?
This is the last time we will tolerate your nonsense. Sudhar jaao! pic.twitter.com/lfRwOXSAjh
— BALA (@erbmjha) April 23, 2023
The Enforcement Directorate (ED) is conducting searches at three locations in Bengaluru of Byju's founder & CEO Byju Raveendran on Saturday. ED is taking this action under FEMA. The raids have been conducted at the premises of Byju Raveendran & his company Think & Learn Pvt. Ltd. pic.twitter.com/lstKaFMrpp
— 𝔖𝔦𝔫𝔤𝔥🦁 (@Siingh777) April 29, 2023
According to the Foreign Exchange Management Act (FEMA), three locations—two commercial and one residential—including that of the registered firm Think & Learn Pvt. Ltd.—were searched. In a statement, the federal office in charge of conducting financial investigations claimed it had obtained a number of “incriminating documents and digital data.”
The representative for BJYU’s legal team claimed that it was a regular inquiry, and the firm has been fully honest with the authorities and has supplied them with all the information they have sought.
Due to this, Byju Raveendran has become a popular topic of discussion, with many people trying to find out more about him. So, here’s what we know about him:
Who is Byju Raveendran?
Byju Raveendran is a renowned Indian entrepreneur and educator. He has been in the news because ED recently raided his home and his firm’s offices.
He was born in 1980 in Azhikode, Kannur, Kerala, India. His father’s name is Raveendran, who is a physics teacher, and his mother’s name is Shobhanavalli, who is a mathematics teacher. He also has a younger brother named Riju Raveendran.
What amazes us is that biggest Edu-tech Startup @BYJUS didn't prepare its financial statement for last 3 years and accounts were not audited. This is Crazy and beyond understanding because the #BYJUS is valued at $22 Billion. If they didn't had any financial statements, how in… pic.twitter.com/eXxZFpghnh
— Corporate Soldiers 🔊 (@corporatesoldr) April 29, 2023
After completing his schooling at a local Malayalam-medium school, Byju Raveendran did his B.Tech. from the Government College of Engineering, Kannur.
He is married, and his wife’s name is Divya Gokulnath, who is also an educator and an entrepreneur. The couple also has two sons. Byju is currently 43 years old.
His career
Byju Raveendran began his career by working as a service engineer for a large shipping firm. Later, he began assisting others with their CAT exam preparation, and after seeing their positive outcomes, he made the decision to leave his position.
Eventually, he started the test preparation firm Byju’s Courses in 2007, and it quickly expanded. Byju’s released an app in 2015 that Raveendran had created for students to use while learning on their mobile devices.
He joined the National Startup Advisory Council as an unofficial member in January 2021. Later, his company acquired Aakash Educational Services Ltd., a test preparation company in India, in April 2021.
Net worth of Byju Raveendran
According to Forbes, he has a net worth of about $1.4 billion or Rs.25,000 crore.