Have A Look At Byju Raveendran’s Remarkable Success Story.
Byju Raveendran is an Indian entrepreneur, investor, and educator. He, along with his wife, Divya Gokulnath, co-founded Byjus, an Indian multinational educational technology company.
Byju Raveendran’s Family
Byju Raveendran was born in 1980 in Azhikode, Kerala. His father, Raveendran, is a physics teacher, while his mother, Shobhanavalli, is a mathematics teacher. Besides, Byju has a younger brother, Riju, who is appointed as director at Byju’s.
A scholar since childhood, Byju used to take physics and mathematics lessons from his parents at his home.
Career
Early Education And Graduation
Byju Raveendran, 43, received his schooling at a Malayalam Medium School, Azhikode, Kerala. Soon after completing his Higher Secondary Education, Byju pursued a Bachelor of Technology at the Government College of Engineering, Kannaur. After completing his formal education, Raveendran joined a multinational shipping company as its service engineer.
The Establishment of Byju’s
Discovered The Extent of His Brain
- Raveendran, while he visited his hometown in 2003, assisted his pals who were preparing for the CAT exams. Meanwhile, he took the CAT exams and scored 100 percentile in the exams. Nevertheless, for surety, Raveendra again sat in the exams. As a result, he scored 100 percentile again.
- Soon after scoring a 100 percentile in the CAT exams, Raveendran received calls from the top-five IIMs. Nevertheless, Raveendran’s had bigger plans than pursuing MBA.
From Engineering to Teaching
- Two years after the discovery, Byju started assisting CAT aspirants. Subsequently, overwhelmed with the response, Byju quit his well-paying job as a service engineer and decided to pursue a full-time career as a teacher.
- In 2007, Raveendran established a test-preparation business, Byju’s classes. Later, the class grew to a stadium-size class. His teaching earned immense popularity among students and at one point in time he was taking maths classes for around 20,000 students, across different states in India, including Tamil Nadu and Maharashtra.
The Foundation of Byju’s, An E-learning App
- The positive growth of his classes inspired Byju to record his lectures. Besides, his recorded lectures were sent to students across 45 cities
- In 2011, Byju Raveendran co-founded Byjus along with his wife, Divya Gokulnath.
- By 2015, his co-founded app achieved a milestone of over 5.5 Million downloads with more than 2.5 Lakhs annual subscriptions.
What is the Net Worth of Byju Raveendran?
Soon after the establishment of Byju’s, it is stepping toward a better experience and is constantly used by multiple students. As of 2023, Byju Raveendran’s family estimated net worth is $3.3 billion (INR 25,000 Crores).
Although we don’t have information about Byju’s Raveendran updated salary, in FY18, he received an annual income of INR 68 Lakhs.
Byju Raveendran’s Dropping Net Worth Amid the Company’s Crisis
Amid Byju’s crisis, the company not just experienced an enormous cut-off but also snatched Byju Raveendran’s billionaire tag. Meanwhile, in 2020, Byju entered the Forbes Billionaires List with a personal net worth of $1.8 billion.
Nevertheless, after three years, Raveendran dropped out of the elite ranking. Now, according to Forbes, his estimated net worth is $475 million.
In addition to it, the company is facing several accusations and has already cut thousands of jobs. Previously, Deloitte resigned as Byju’s auditor with immediate effect. Besides, the company has to repay a loan of $1.2 billion.
Byju Raveendran’s Car Collection
Besides having a staggering net worth, Byju Raveendran and his wife enjoy an impressive collection of cars. Moreover, as of 2023, their car collection includes,
- Land Rover Range Rover Sport – This car is worth INR 1.64 Crores.
- Mercedes-Benz S-Class – One of the most luxurious sedans, this car’s worth is INR 1.71 Crores.
- Mercedes-Benz C-class – This car is priced at around 60 lakhs.
Byju Raveendran’s Personal Life: The Teacher Who Fell in Love With a Student
We often come across novels and web series in which a teacher falls head over heels for his student. Nevertheless, this story came into reality after Raveendran decided to tie the knot with Divya Gokulnath, a former student of Byju.
Raveendran noticed Divya while he used to teach students at the auditorium and eventually fell in love. She (Divya) used to stay back and ask a lot of questions so she got noticed and I don’t know when it changed and we became life partners,” said Byju during an interaction with Business Times.
Subsequently, in 2009, the couple entered into a love-marriage relationship. Besides, Byju and Divya have two children.
Do You Know These Unknown Facts About Byju Raveendran?
- Byju Raveendran along with his family resides in the most expensive locality of Bengaluru, Epsilon. Reportedly, the bungalows of Epsilon are approximately worth INR 10-20 Crores.
- Owing to his early schooling at a Malayalam medium school, Byju faced difficulties in learning English. Nevertheless, he learned English from cricket commentary on the radio.
- He is an ardent sports player. In addition to it, Byju used to play six different sports during his university days.
- In recent years, Byju has surrounded himself with controversies related to delays in filing financials, sales practices, layoffs, and funding troubles.
FAQs
1. What is the net worth of Byju Raveendran?
As of 2023, Byju Raveendran’s family estimated net worth is $3.3 billion (INR 25,000 Crores). Besides, Byju Raveendran’s net worth is $475 million.
2. Who is the real founder and owner of Biju’s?
The giant educational company’s founder is Byju Raveendran, a former service engineer.
3. Is Byju Raveendran from IIM?
Byju Raveendran’s highest educational qualification is a Bachelor of Technology. Soon after scoring a 100 percentile in the CAT exams, Raveendran received calls from the top-five IIMs. Nevertheless, Raveendran’s had bigger plans than pursuing MBA.
4. Is Divya Gokulnath a founder of Byjus?
Divya Gokulnath and Byju Raveendran co-founded Byju’s, an edu-tech platform.
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