How is the Manipal Group involved in the Byju's insolvency?

The Manipal Group, led by Ranjan Pai, has also submitted an expression of interest, primarily focused on acquiring Aakash Educational Services, a subsidiary of Byju's, where the group already owns a 58% stake.

What is the current status of Byju's?

Byju's, once valued at $22 billion, is now facing multiple legal and lender challenges as it undergoes insolvency proceedings after the BCCI moved the NCLT seeking recovery of ₹158 crore owed for a sponsorship deal.

Home / Business and Economy / Upgrad and Manipal Group Vie for Byju's Assets in Insolvency Proceedings

Upgrad and Manipal Group Vie for Byju's Assets in Insolvency Proceedings

Q: What is Upgrad's interest in the Byju's assets?

Upgrad, led by Ronnie Screwvala, has submitted an expression of interest to bid for the bankrupt parent company of Byju's, Think & Learn, and is especially interested in assets linked to higher education and upskilling.

15 Nov

•

Summary

Upgrad submits EoI to bid for Byju's parent company Think & Learn
Manipal Group also interested in acquiring Aakash Educational Services
Byju's facing legal challenges and bankruptcy proceedings

Upgrad and Manipal Group Vie for Byju's Assets in Insolvency Proceedings

As of November 15th, 2025, the edtech industry is in a state of flux, with major players vying for the assets of the bankrupt parent company of Byju's, Think & Learn. Upgrad, led by Ronnie Screwvala, has formally submitted an expression of interest (EoI) to bid for the company, while the Manipal Group, led by Ranjan Pai, has also expressed interest, primarily in Aakash Educational Services, a subsidiary of Byju's.

Upgrad is currently studying the entire set of assets under Think & Learn, which includes the K12 business, Aakash Educational Services, Great Learning, and other digital learning units previously acquired by Byju's. The Manipal Group, on the other hand, is primarily focused on Aakash, where it already owns a 58% stake.