Aakash Educational Services Limited (AESL), an edtech company owned by Byju, said that Deepak Mehrotra has been named as the company’s new CEO and Managing Director (MD). Abhishek Maheshwari left the role in September 2023.

According to the company officials, Deepak Mehrotra’s appointment is a part of AESL’s strategic strategy to improve its offerings and broaden its reach. “I am honoured to join AESL, a pioneer in the education sector and I look forward to working closely with the talented team to deliver quality education and empower students to achieve their full potential,” said Deepak Mehrotra.

According to the company representative, Mehrotra has 35 years of experience in leadership roles in industries like education, telecom, and FMCG. He was the Managing Director of Ashirvad Pipes before coming to work at AESL. In addition, he has held positions with well reputed companies like Asian Paints, Coca-Cola, Bharti Airtel, and Pearson India. He is an electrical engineering graduate of IIT Roorkee who also holds an executive degree from The Wharton School in Philadelphia, Pennsylvania (USA).

At a time when the edtech behemoth has been dealing with a number of difficulties, such as significant losses, difficulties obtaining new funding, delays in financial reporting, and legal problems with lenders, Aakash has proven to be Byju‘s best-performing purchase. Based on regulatory papers obtained from business intelligence platform Tofler, AESL’s sales increased by 44.6% in FY22 from Rs 983 crore in FY21. In FY22, the company’s net profit rose by 82.2 percent.

The organization serves around 400,000 students and has a network of over 310 Aakash institutions, including franchisees. AESL aspires to maintain its position as a leader in test-taking and educational services under Mehrotra’s leadership.

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