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Lessons from the Corporate Governance Issues at BYJU’s

Book Chapter

Authors: Vijaya Kittu Manda; Lubza Nihar Khaliq

DOI: https://doi.org/10.1007/978-981-96-6366-8_7

Book Name: Developments in Corporate Governance

ISBN: Hardcover ISBN: 978-981-96-6365-1; Softcover ISBN: 978-981-96-6368-2; eBook ISBN: 978-981-96-6366-8

Publisher: SpringerNature Link, USA

Editor(s): Vinay Kandpal, Arun Kumar Tripathy, Nidhi S. Bisht (all from India)

Book Chapter Number: 8

Publication Date: July 1, 2025

Pages: pp 125–148

Book Chapter Link on Publisher Website

Book Link on Publisher Website

Abstract: BYJU’s is a major Indian Education Technology (EdTech). It is the poster boy of Indian startups and has set itself as an example of a successful startup globally. However, corporate governance issues hurt the company’s image, eroded stakeholder trust, and impacted its regular operations. The company, which is now on a thin line of survival, came to glory for being the most preferred educational platform during the COVID-19 pandemic. Funding was more accessible as venture capitalists lined up to fund the company’s future expansion. However, the company could not handle its situation well, leading to financial irregularities, inability to maintain transparency and disclosures, and took the blame for mismanagement. Board oversight and independence are often being questioned. Stakeholders’ issues are not correctly handled, and shareholders’ rights are often in trouble. A series of domestic and international court disputes and a spate of resignations at the senior leadership level have further hurt the company. As EdTech companies continue to grow and play a more critical role in education, adopting sound governance practices can help BYJU’s to ensure their long-term success. This case on BYJU’s highlights the importance of strong corporate governance and will be a classical lesson for EdTechs and any startup company globally.

Keywords: financial irregularities, stakeholder engagement, disclosure, corporate reputation, startup governance, related party transactions, board oversight, founder dominance, aggressive growth, growth at any cost, employee compensation issues

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