Govt orders inspection of BYJU’s amid financial, corporate governance concerns

The corporate affairs ministry has ordered an inspection of the books of BYJU’S, a senior government official said on Monday amid the edtech major facing multiple headwinds, including delay in submitting financial statements and concerns over corporate governance issues.

The inspection of Bengaluru-based Think & Learn Pvt Ltd, which operates under the brand BYJU’S, will be carried out by the ministry, which is implementing the companies law.

The ministry decided to carry out the inspection after taking note of the developments, including that the company has been unable to finalise its financial statements and that its auditor has resigned, the official told PTI.