“Not immediately”: Byju Raveendran's reaction to annoyed employees about the unpaid salary Deployment

Byju Raveendran, the CEO and co-founder of insolvency-bound Edtech company BYJU's, has assured an employee that the salaries that are unpaid for three months will finally be credited. Raveendrank went to LinkedIn at the beginning of this week to recognize his absence, ask his employees to forgive forgiveness and to refute certain charges against him.

The 45-year-old CEO behind the competitive Edtech Company referred the claim that his family had made a fortune through the sale of shares and explained that the entire money was invested in BYJU. He also called for a “thorough investigation” in alleged agreements and fraud in which the lender Glas Trust, the consulting company EY and the former professional professional resolution -Profi Pankaj Srivastava was involved.

While Raveendran was repeated his innocence and promised to return “more than ever”, some of his employees had many questions about the impressed former billionaire who was accused of walking away to Dubai to avoid charges.

“Stranded without salaries”

A BYJU employee went to the comment area to ask the founder whether the salaries of the employees were unpaid for three months.

The employee reminded Raveendranis of his responsibility towards employees who stood for the company even in bad times. “We hear their passion, but passion does not pay for our bills. While they speak of victims, we – the employees built by JU – were stranded without salaries for three months, ”wrote Kaushik Lade.

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“Our PF remains unpaid. We stood for this company, did our best and now we are only fighting to survive. Please let the people who suffer silently. Inspiring words, but actions are important, ”he added.

Byju Raveendran's answer

Byju Raveendran assured the employee based in Hyderabad that pending salaries were paid at some point, but not “immediately”. He said that he was not only fought for himself, but also for his employees.

“The invoices are paid, comeback are paid, the fees are released. Not immediately, but at some point. I don't just fight for myself. Until then, you have to rely on my words. Until then, they have my word, ”wrote the former billionaire as an answer.

Byju Raveendran's journey from a small town teacher to the founder of the most valuable ED-Tech company in India is a remarkable story in itself. He was born in Kerala and started as an engineer, but soon discovered his passion for class.

In 2011 he founded Byju's, an online learning platform that soon became a known name. During Covid-19, the schools closed, and more students turned to learning online and increased BYJU's growth. This increased demand helped the company to expand more funds and attract what it was doing in India's top-edch platform.

However, the cracks showed up by 2023. Reports on late salaries, unfulfilled reimbursements, aggressive sales tactics and opaque financial information were created. The regulatory test increased and investors were careful when the Edtech company fought its financial reports in good time.