Byju Raveendran biography : in this article we will tell you more about Raveendran, he is the founder and Chief Executive Officer (CEO) of BYJUS's, a popular and popular learning app in India. Today in this story we are going to tell you how a teacher became a successful entrepreneur.
Even though today we may find it a bit strange to hear that a child brought up in a middle-class family first became a teacher, and then when his ambitions got wings, he came into the world as a billionaire entrepreneur.
Yes, the success story of any entrepreneur, whether it is that of Byju Raveendran or anyone else, its purpose is to motivate and inspire people to achieve their goals.
Many such extraordinary individuals and entrepreneurs have been born in the world, who have written a new story of success by being born in extreme poverty and deprivation. If you also want to know how a teacher took advantage of this digital era by imagining a learning app like BYJU's and making it a reality. So you have to read this success story of Byju Raveendran till the end.
Biography of Byju Raveendran
|Byju Raveendran (Byju Raveendran)
|date of birth
|6, July 1981
|Todaykode, Kannur, Kerala (India)
|Government College of Engineering, Kannur
|playing football, cricket and table tennis
Byju ‘s early life
Byju Raveendran was born in a middle-class family on 6 July 1981 in Azhikode, a small village in the state of Kerala, India. His mother's name is Shobhanvalli and father's name is Ravindran. His mother was a teacher of mathematics and father of physics. Byju got the full benefit of his parents being teachers, which is why he always stood first in studies.
Byju Raveendran Success Story in Hindi: Byju completed his schooling from his village school and also engineering from Government College, Kannur. Byju was interested in sports since childhood, that is why he used to play sports like football, cricket, badminton and table tennis during his school and college days.
It is said that his parents not only encouraged him towards studies, but also emphasized on playing sports and their importance. It is said that Byju had achieved 100% score in CAT. After this he got a call from the top IIM of the country, but he refused because he was not interested in doing MBA.
Wanted to make a career in medicine or engineering
Since Byju Raveendran's parents themselves were physics and mathematics teachers. Therefore, under his guidance, he also became very adept and smart in studies. And they wanted to make their career in engineering or medical field. This is the reason why he decided to do mechanical engineering.
After completing his engineering studies, he got a job in a multinational company. This was a shipping company, in which he took responsibility as a service engineer.
Meanwhile, since he was a very good and brilliant student in studies. Therefore his friends used to reach out to him for help in their studies or courses. This is the reason why he started teaching subjects like mathematics etc. to some of his friends.
started my coaching class
When Byju Raveendran was working in a multinational shipping company, some of his friends were preparing for CAT exam to get admission in IIMs. And this same friend was also taking part time coaching from Byju's to pass that exam. It is said that out of fun, Byju also decided to appear in the CAT exam with his friends.
And when the result of the exam came, everyone was surprised, because Byju Raveendran had got 100% marks in that exam. After that it is said that he got calls from the top IIMs of the country, but due to lack of interest in MBA, he refused.
After that some of his friends and relatives suggested him to start coaching classes and prepare students for competitive exams. Which he also liked and he resigned from his job in a multinational company. After that Byju Raveendran started teaching the children of his coaching class on his friend's terrace.
Journey from classroom to auditorium
Initially Byju's started teaching only students preparing for the MBA entrance exam. That's why he was teaching them in his friend's terrace. But after that he arranged a classroom for full-time classes, and started teaching children from there. It is said that Byju Raveendran started his coaching business by investing only Rs 2 lakh at that time .
In 2009, he started a video-based learning program for the CAT exam in which he scored 100%. And it was liked a lot by the people. This was the occasion when Byju used technology in this field for the first time.
As the number of students increased, they also started adding teachers who taught coaching. And in 2011, he started his own education technology firm named Byju. In this, his students who were fresh MBA pass outs helped him a lot. This education technology firm was started under the name of ByJu under “Think and learn Private ltd”. Whose main objective was to provide educational material to the students.
His coaching method of teaching became very popular, and at one point he had more than 20,000 students from different cities.
Launched Byjus Learning App in 2015
After starting his own company in 2011, it took 4 years to create Byjus Learning app, which is the flagship product of Byju Raveendran today. He launched this app in 2015.
This learning app mainly provides coaching for various competitive exams like CAT, NEET, GMAT, JEE, GRE etc. At present the main objective of this learning app is to provide online coaching to the students from class 4 to class 12.
Apart from this, Byjus Learning app also provides coaching facilities for competitive exams like CAT, IAS, JEE, NEET, GRE and GMAT. This use of technology in the field of education was new and unique, hence this startup of Byju Raveendran is one of the successful ventures.
Who invested in Byju Raveendran ‘s company?
Even though Byjus Learning app was launched in 2015, this work of teaching coaching was going on since 2009. The first investment in Byju Raveendran's coaching classes was Rs 50 crore in 2013 by Mohandas Pai and Ranjan Pai. After this, in September 2016, Facebook founder and his wife Priscilla Chan also invested $50 million in it.
According to a data, the turnover of Byju's company increased at a very rapid pace year after year. While in the year 2011-12 it was Rs 4 crore, in the financial year 2012-13 it was twelve crore and sequentially it crossed the figure of Rs 20 crore, 48 crore, 120 crore and in the financial year 2016-17 it crossed the figure of Rs 260 crore. . Today his NET WORTH has reached $1 billion.
Byju Raveendran ‘s career timeline
Job – After completing his studies in mechanical engineering, Byju started working as a service engineer in a multinational shipping company. He worked in this company for a few years.
Started coaching –
To help his friends along with the job, he started teaching them. The children whom he taught scored good marks in CAT. Byju himself also gave that exam and scored 100% marks.
Birth of Byju Classes –
After the children he taught, i.e. his friends, performed well in CAT, his friends and relatives advised him to start coaching classes. And in 2011 he established his own company.
Birth of Byju’s Learning App –
When people started liking Byju's classes and their way of teaching started liking them. So in 2015, Byju Raveendran launched Byjus Learning App. And by 2018, this app was also expanded to many other English speaking countries like America, Britain etc.
Acquisition of Aakash Institute – Aakash is one of the most prominent educational institutions in India. It has more than 215 centers across India. Byju played a major role in its acquisition.
Achievements and Awards of Byju Raveendran
There is no doubt that Byju Raveendran has helped in realizing the vision of a new India by using technology in the educational field. This is the reason why he has received many awards, details of which are given below.
- In 2019, he was awarded the Manorama Newsmaker Award by Manorama News.
- He was awarded the Ernst & Young Finalist (Entrepreneur of the Year) award by Ernst & Young in the year 2020.
- He was also awarded the Business Transformation Award by Ernst & Young in the year 2020.
- In the year 2020, he was given 40 under 40 award by Fortune magazine.
- Awarded the Forbes India Leadership Award Entrepreneur of the Year by Forbes India in the year 2021.
- This educational mobile app has more than 100 million downloads on Android's Play Store.
- Byju has a special passion for sports, and has played many sports at the university level.
- Byju Raveendran is a good teacher, people liked his way of teaching so much that he has already given his lectures in many cities.
- Byju's app has had the honor of being included in a case study of Harvard University.
- Byju's company is also the official sponsor of the jerseys worn by Indian cricket. Although it keeps changing.
There is no doubt that Byju Raveendran was a brilliant student, and later he also proved to be a very successful teacher. And recognizing his potential, he also left his job in a multinational company. And by using technology in education, they not only made profit but also benefited the society.