Net Worth of Byju Raveendran: Building the World’s Leading Edtech Through Explosive Improvements: Byju Raveendran Story. An engineer by accident, a businessperson by choice, and a teacher by choice. Introducing Byju Raveendran, the owner, founder, and CEO of BYJU’S, the top tech firm in the world.
OVERVIEW
- As per the recently released Forbes Billionaire Index 2024, the embattled tech major’s founder and CEO’s Raveendran Byju net worth plummeted to zero in 2024, pushing him out of the coveted list
- Byju Raveendran’s net worth stood at INR 17,545 Cr ($2.1 Bn) last year
- The tech major has been grappling with fires on multiple fronts including multiple legal cases, a looming debt crisis, mass layoffs, a funding crunch, and a public standoff with investors
Who is Byju Raveendran
The creator of the tech startup Byju’s is Byju Raveendran. Born into a family of math and physics professors in Azhikode village, Kannur district, Kerala, Raveendran was a teacher before he became an entrepreneur. After working for a few years at a shipping company, the engineering graduate began instructing friends and anyone else who wished to learn arithmetic. He would assist pupils in getting ready for entrance examinations such as the Common Entrance Exam (CAT). He took the CAT exam himself in 2003 and received a perfect score even though he didn’t prepare enough. After assisting a few others in passing the CAT two years later, he decided to become a full-time teacher.
From teaching a small group of friends, Raveendran progressed to instructing hundreds of students in large auditoriums while employing satellite connectivity for instruction. Before releasing his primary app in 2015, he founded Think & Learn in 2011 to provide online instruction. Byju Raveendran was the recipient of the 2018 EY Entrepreneur of the Year Award in the startup category.
Raveendran’s initial Byju works on a freemium model and prepares students for both foreign and Indian exams, including the GRE and GMAT, as well as exams like IIT-JEE, NEET, CAT, and IAS. Byju purchased the jersey rights to the Indian cricket team in July 2019.
Byju’s has developed into one of the most prosperous tech start-ups globally, boasting 33 million users and 2.2 million customers who pay for their services. Data that was available as of July 2019 shows that in the previous year, its valuation had quadrupled. It now ranks among the top five most valuable internet companies in the nation as a result. This unicorn company is currently worth $3.6 billion.
Harvard Business School is now using Byju’s app as a business case. Numerous honors have been bestowed upon it, such as the 2018 Business Standard Annual Award for Corporate Excellence.
Byju Raveendran Net Worth
Byju Raveendran Net Worth: A year ago, Byju Raveendran’s net worth stood at Rs 17,545 crore ($2.1 billion), and he was prominently featured in various prestigious ‘world’s richest’ lists. However, the recently released Forbes Billionaire Index 2024 reveals that Raveendran’s net worth has plummeted to zero.
This dramatic decline follows a series of crises that have severely impacted the once-thriving ed-tech startup, representing a notable downfall for the iconic figure in India’s startup ecosystem.
Byju Raveendran Net Worth in Rupees: ₹17,545 crore
Byju Raveendran removing from the list of billionaires
In the Forbes billionaires list, Byju Raveendran, an Indian who co-founded the educational program BYJU’S, was one of the names left off. Raveendran’s net worth dropped from $2.1 billion to $0, per Forbes. BlackRock had previously slashed Byju’s valuation to roughly $1 billion, a significant drop from the company’s projected $22 billion in 2022 because the company struggled to raise capital and allegations of accounting irregularities.
It was earlier in the year that the shareholders fired Byju as CEO of the company.
Raveendran Awards
| Year | Title |
|---|---|
| 2017 | The Indian Express IT Awards |
| 2019 | Manorama News Newsmaker award |
| 2020 | Ernst & Young Finalist, Entrepreneur of the Year, India and Winner, Business Transformation Award |
| 2020 | Fortune Magazine’s ’40 Under 40′ list |
| 2021 | Forbes India Leadership Award (FILA) Entrepreneur for the Year |
FAQ’s
What is the highest salary in BYJU?
The highest-paying job at BYJU’S is a Vice President of Engineering with a salary of ₹119.0 Lakhs per year. The top 10% of employees earn more than ₹13.50 lakhs per year.
Is Byju Raveendran a billionaire?
Byju Raveendran, once a billionaire, now sees his net worth drop to zero, as per the Forbes Billionaire Index 2024.
Why is BYJU’s net worth zero?
The valuation cuts came amid media reports that Raveendran pledged his homes for funds to pay staff, following the exit of several Byju executives and board members, prompted by a delay in the company filing its 2021/22 financial results.
Where is Byju Raveendran now?
However, according to the most recent Forbes Billionaire Index 2024, Raveendran’s net worth has completely collapsed.
What is the salary of freshers in BYJU’s?
Average Base Pay
The estimated total pay range for a Fresher at BYJU’S is ₹3L–₹5L per year, which includes base salary and additional pay.
What is the salary of BYJU’s director?
Experience wise BYJU’S Director salaries
| Experience | Avg Annual Salary |
|---|---|
| 7 years(6 salaries) | ₹42.2 Lakhs ₹27 L/yr – ₹69.2 L/yr |
| 8 years(1 salary) | ₹43.3 Lakhs ₹21 L/yr – ₹77.9 L/yr |
| 9 years(2 salaries) | ₹44.3 Lakhs ₹35 L/yr – ₹79.7 L/yr |
| 10 years(9 salaries) | ₹45.3 Lakhs ₹21 L/yr – ₹81.6 L/yr |
In conclusion
The book “Byju Raveendran Net Worth: From the Top to Zero” by SGX-Nifty is an engrossing account of the ascent and decline of a well-known personality in the educational technology industry. The paper clarifies the nuances of entrepreneurship, the dynamics of success, and the fleeting nature of luck through painstaking investigation and perceptive analysis. The voyage of Byju Raveendran is a potent reminder of how unstable the business world can be and how crucial it is to be flexible when faced with challenges. In the end, his tale serves as a reminder of the importance of resiliency, creativity, and an unwavering dedication to one’s goal despite obstacles faced along the path.