On Tuesday, Abhishek Maheshwari became the CEO (Chief Executive Officer) of Aakash Educational Service Limited (AESL). Earlier, he was the president of International Business for Byju’s. He was then responsible for driving the growth of the ed-tech firm.
He graduated from the Indian Institute of Technology (Delhi) and Columbia Business School, New York. He has worked in McKinsey, a consulting firm, and Kubera Partners, a private equity firm.
In 2019, private equity giant Blackstone bought a 37.5 percent stake in Aakash, and its values at $500 million.
In a statement, Aakash Education Service Ltd said, “Abhishek will be responsible for strategy formulating and management of core offerings, which include digital along with classroom, hybrid, and distance learning.”
Byju’s a 12-billion-dollar firm aiming to expand internationally, including the US market. Towards this aim, in 2019, Byju’s acquired US-based Osmo, which will offer learning solutions for kids from ages 3-8, for $120 million.
In 2019, Byju’s bought Whitehat Jr for $300 million is also targeting the US market for expansion.
