Think and Learn Private Limited — Cyborg Score 2/10

Challenged
Online K-12 education technology

Strategic Profile

By October 2024, the company's valuation had effectively dropped to zero amid severe operational challenges. In July 2024, India's NCLT appointed an Insolvency Resolution Professional to oversee operations, and as of 2025, the company is under insolvency proceedings in India. The company employs 9,341 professionals under leadership including founder Byju Raveendran as Managing Director.

Cyborg Score Rationale

In May 2024, a US bankruptcy court penalized the company's director for refusing to disclose the location of $533 million in loan proceeds, with co-founders found complicit in this dispute with bondholders. The company faced severe financial and operational challenges in 2024, laying off approximately 500 employees. Insolvency proceedings and extensive legal battles make near-term recovery unlikely.

Top Insights

  • As of April 2023, BYJU'S claimed over 150 million registered students.
  • In October 2023, India's Supreme Court set aside an NCLAT judgment that had closed insolvency proceedings, directing that escrowed funds move to the Committee of Creditors in a case initiated by creditor Glas Trust over a ₹158 crore debt.
  • The company is currently under CIRP (Corporate Insolvency Resolution Process) as a private limited company established 30 November 2011 in Bangalore.
  • As of May 31, 2026, the company employs 19,251 employees.

Named Competitors

  • Physics Wallah — Online tutoring for school students and competitive exam preparation
  • Unacademy — Online learning platform for K-12 and competitive exams
  • Embibe Education — Learning analytics and test preparation platform
  • Vedantu — Live online tutoring for K-12 and competitive exams

Recent Developments

  • (February 2026) Supreme Court issued notice in BYJU'S insolvency case with orders to maintain status quo
  • (December 2025) NCLT issued notice to BYJU'S resolution professional on Aakash's rights issue plea
  • (December 2025) Delaware court reversed $1 billion damages ruling against founder Byju Raveendran

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