Home / Business and Economy / Rivals Manipal and upGrad Vie for Bankrupt Byju's Parent Firm
Rivals Manipal and upGrad Vie for Bankrupt Byju's Parent Firm
17 Nov
Summary
- Two major Indian education firms, Manipal Group and upGrad, have filed expressions of interest to acquire assets of Byju's bankrupt parent company
- Byju's parent, Think & Learn Pvt. Ltd (TLPL), is in a long-drawn insolvency process after defaulting on a $1.2 billion loan
- Creditors, including US lenders, will evaluate the competing bids based on factors like cash, funding, and treatment of stakeholders
As of November 17, 2025, two of India's biggest education companies, the Manipal Group and upGrad, have filed expressions of interest to acquire some or all of the assets of Think & Learn Pvt. Ltd (TLPL), the bankrupt parent company of the edtech firm Byju's. This sets the stage for a closely-watched insolvency battle at the National Company Law Tribunal (NCLT).
