Byju Raveendran Success story, Byju Raveendran: The tuition teacher who built a company worth ₹ 189,000 crore, now why is it on the target of ED? – byju raveendran success story: how a maths tutor built rs 26700 crore networth

New Delhi: Edutech startup Byju is on the target of ED these days. ED has raided the house and office of Byju’s founder and CEO Ravindran Byju. Ravindran Byju and his company Think and Learn Pvt Ltd are under target of the ED. On Sunday, the ED seized important documents during the raid. Many questions are being raised on Byju who is embroiled in controversies. Questions were raised on him regarding rigging and financial irregularities. At the same time, the owner of the company Ravindran is engaged in giving clarification. Ravindran, who lived by teaching tuition, is today the owner of a company worth 29000 crores. He changed the outlook of studies with his Edutech company. Those who were once teaching mathematics, are now doing business worth billions of rupees.

Byju’s journey

Byju Raveendran, a resident of Kerala, was the topper in studies from the very beginning. He did his early education from a Malayalam medium school in Azhikode. Both his parents were teachers. After graduation, he started his career as an engineer. Got a job in a UK shipping company. When he returned home between work holidays, he used to help his friends study for timepass. He started enjoying teaching. Along with getting friends to prepare, he himself gave the entrance exam of IIM and scored 100%. However, instead of taking admission, he decided to take coaching classes.

Byju started teaching maths tuition

Now Ravindran decided to open a coaching center instead of a job. He opened his coaching center in the name of Byju. Along with maths, he used to make the children prepare for different competitions there. He also met Divya in the coating class. Later both of them got married. Ravindran was very good at teaching. The number of children in the coaching center was increasing. The space was getting less. In view of this, in the year 2011, he along with his wife Divya Gokulnath started Think and Learn Private Limited. He created the learning app Byju’s. In the year 2015, he launched this app.

Ravindran’s gamechanger plan

The learning app turned out to be a gamechanger for tuition teacher Raveendran. The craze for smartphones was on the rise and the new trend of learning from apps became a hit at that time. His app became popular in no time. Initially, he kept free content on Byju. Later started charging fees. Byju’s has more than 150 million app downloads. Students spend around 71 minutes on their platform every day. The company spent heavily on advertising. Spent money lavishly on sponsorship. Whose benefit he also got. To grow its business, Byju bought Aakash Educational Services (Aakash), which provides IIT, medical preparation, for Rs 7300 crore.

how much is the property

You will be surprised to know that in just 7 years his wealth increased tremendously. According to the Hurun Global Rich List for the year 2023, he was included as the 187th billionaire in India. According to Forbes, his net worth reached $ 3.3 billion i.e. around Rs 25000 crore. Byju Raveendran is no longer a tuition teacher but has become a businessman, investor. Ravindran’s edutech company Byju’s has been valued at over $22 billion.