Through this partnership, Magic Bus India Foundation will train master trainers who will, in turn, train approximately 18,000 teachers across 9000 government schools in the state

In a visionarymove to shape a brighter future for the adolescents of Madhya Pradesh, the State’s Department of TribalAffairs,whichoverseeseducationacross 89 tribal development blocks, has partnered with Magic Bus India Foundation, a leading non-profit organisation in the education and skilling space. Together, they aim to empower a cadre of master trainers and government school teachers, equipping them to deliver Life Skills Education while nurturing the well-rounded development of adolescents across 20 districts and 89 blocks in the state.

The Memorandum of Understanding (MoU) was signed in the presence of esteemed dignitaries that includedDr. Pallavi Jain Govil, IAS, Principal Secretary, Dept of Tribal Affairs, Govt of Madhya Pradesh,Dr. Satendra Singh, IAS, Additional Commissioner, Dept of Tribal Affairs, Govt of Madhya Pradesh,and Jayant Rastogi, Global CEO,Magic Bus India Foundation.

Magic Bus is poised to provide training to master trainers who will then train18,000 government teachers to impart life skills to around one million adolescents across 9,000 government schoolsthat include – CM Rise Schools, Middle Schools, Special Residential Schools including Eklavya Model Residential Schools (EMRS), Kanya Shiksha Parisar (KSP), Model Residential Schools (MRS) Hostels and Ashram, specifically targetingadolescentsfrom grades 6 to 10.

This partnership is set to span four years, with the initial phase encompassing 20 districts and 53 blocks. As it progresses, the programme will cover all schools within the 89 tribal blocks by the second year.This initiative is supported by Echidna Giving.

Remarkably, the Department of Tribal Affairs, Madhya Pradesh, has displayed unwavering dedication to delivering education that emphasises diverse skill sets, encourages learning, and fosters all-around growth in adolescents. This visionary approach is in perfect harmony with the National Education Policy (NEP) 2020. In a state where government-run schools educate a substantial number of young minds, this partnership emerges as a monumental milestone.

Dr. Pallavi Jain Govil, IAS, Principal Secretary, Department of Tribal Affairs, Government of Madhya Pradesh, expressed,”We are committed to translating the vision of the National Education Policy (NEP) 2020 into tangible action. We firmly believe that arming our adolescents with the right skills is the catalyst for unlocking their boundless potential and shaping a radiant future. Our partnership with Magic Bus India Foundation marks a crucial stride towards equipping our adolescents with life skills and empowering them to become self-reliant.”

Jayant Rastogi, Global CEO, Magic Bus India Foundation, said, “In partnership with the Department of Tribal Affairs, Government of Madhya Pradesh, we are committed to co-creating a contextualised curriculum and building capacities within the system to train teachers to deliver life skills education in line with National Education Policy (NEP) 2020 priorities. In a fast-changing world with huge technological developments, adolescents need to think critically, problem-solve, use creativity, adapt to changing situations, collaborate and communicate effectively. This initiative is aimed at equipping adolescents for the 21st century and it is our proud privilege to contribute to the ambitious education goals of the government and the objectives of NEP.”

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Continuing with its mission to evaluate 21st-century skills among young minds, HCL Jigsaw announced India’s top 12 young problem solvers today, as part of its fourth edition.

Over 5500 students from 735 schools across 213 cities of 27 states and Union Territories registered for the multi-stage virtual championship.The girl students’ participation increased from 35% to 41% in this year’s competition as compared to the previous years.Crowned as ‘India’s Top Young Problem Solvers’, the top three students from each grade (Grade 6 to 9) were selected as winners along with 6 runners-up from each grade. A total prize purse worth Rs. 12 Lakhs for 12 winners and 24 finalists was disbursed during the award ceremony.All the winners received prizes along with a learning opportunity at the prestigious HCL innovation lab.

Congratulating the winners, Rajat Chandolia, Associate Vice President and Headof Brand, HCLsaid,
“HCL Jigsawis a testament to the incredible potential of India’s young talent. It plays a key role in recognizing the importance of 21st-century skills, blending life and academic competencies to equip students for success in both their careers and school. Aligned with our brand’s core philosophy of multiplying human potential, HCL Jigsaw provides an opportunity to students to engage in critical problem analysis. This includes research, effective communication, collaborative teamwork and the cultivation of innovative solutions.These skills are not just essential for an individual’s success but also for the greater good of our society.”

The top students of this year’s HCL Jigsaw are:

Grade 6 participants were assessed to design a solution around the theme of‘Waste Management’ where students were asked to create a superhero who has the power to manage waste. The winning team is:

• Jheel Himanshu Trivedi, One World International School, Sarjapur
• K. Govinda, Lalaji Memorial Omega International School, Chennai
• Kabir Chandra, Euro Group of Schools, Bengaluru

Grade 7participants were assessed to design a solution around the theme of‘Making museums more engaging’. The studentshad to demonstrate effective utilization of technology to elevate the learning and interactivity ofmuseums. The winning team is:

• TrishikaSekar, Podar International School, Mumbai
• Simran Khindria, JBCN International School, Mumbai
• Shivansh Sehgal, Bal Bharati Public School, Ganga Ram Hospital Marg, Delhi

Grade 8participants were assessed to design an innovative solution aimed at addressing the critical issue ofclimate change. The winning team is:

• Saanvi Singla, Inventure Academy, Bengaluru
• Sharanya Varshney, The Hyderabad Public School, Begumpet
• Aarav Singh, Shiv Nadar School, Gurgaon

Grade 9participants were assessed to design a solution around the theme of‘Traffic Management’. The students had to design a solution to address the challenges and needs of efficient traffic flow. The winning team is:

• Grishma Sharma, ST Kabir Public School, Chandigarh
• Hamza Anzar, Delhi Public School, Bengaluru
• Karthik Sivakumar, SAN Academy, Chennai

Assessment Process
• Qualification Stage (Round 1): The winners were selected through a pan-India Critical Reasoning Olympiad held earlier this month. This round featured an adaptive multiple-choice question format.
• Semi-Finals Stage (Round 2): The Participants that were shortlisted for the semi-finals were grouped into teams of three. They were tasked with solving real-world project-based challenges, each centered around different themes. This stage assessed students on their creativity, collaborative skills, problem identification, and solution design abilities.
• Final Stage: The top five teams from each grade, totalling 60 finalists, were selected to compete in the final stage. During this phase, they presented their comprehensive plans to address a real-world case scenario to a panel of esteemed jury members.
The four editions of HCL Jigsaw have witnessed registration from over55,000students across the country.The winners of previous editions got anopportunity to visit HCL innovation labs like the Mechanical and Medical labs in Chennai and the STRIDE and Tear Down labs in Bengaluru. During these visits, the students learned about a diverse range of topics, including concept introduction to design, the industrial design process, and career opportunities in design. Through interactive demonstrations and hands-on experience, the students gained valuable insights into emerging technologies such as Smart Helmet, AR/VR/XR, real-time logistic tracking, and IoT in manufacturing setups.

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Gracing the event with their presence were Chief Guest – Ms. Sindhu Gangadharan, SVP &MD at SAP Labs India;Prof Debabrata Das, Director, IIIT-Bangalore;and upGrad’s Co-founder MrMayank Kumar.

The collaborative hybrid valedictory ceremony took place at the IIIT-Bangalore campus, uniting 700 in-person attendees, while simultaneously streaming live to over 3000 online participants, making it an inclusive celebration hosted by the Institute and upGrad. The batch embodies the readiness and vital skills required for the future workforce. Some of the top skills that the learners acquired during the program include Predictive Analytics using Python, Machine Learning, Data Visualization, Big Data, Natural Language Processing, Fundamentals of Computer Science, Software Development Processes, and Building Robust and Scalable Websites, among others.

MsSindhuGangadharan highlighted the exponential technology evolution in the above programmes areas and congratulated the gradates on embarking on an exciting journey to contribute significantly to the digital economy of India and the world. Prof. Das emphasized the importance of upskilling in the continually evolving fields of digital technologies as per the vision of the Government and pointed out the role of IIIT-Bangalore and upGrad in supporting India’s vision of reaching $1 trillion digital economy by 2026. He also highlighted that this year marks the end of the Silver Jubilee year of the Institute and that the Institute will accelerate its mission to enable India to play a key role in the global IT industry through its focus on education, research and innovation in cutting edge digital technology areas.

Mayank Kumar, further commented on the wider adoption of emerging technologies that have been encouraging upGrad to ensure their innovation/pedagogy remains at par with the industry requirements and helps them build a market-ready talent pipeline. He further expressed excitement about recording an academic milestone which IIIT-Bangalore and upGrad, together, have achieved with this batch that brings a strong geographical diversity and represents India’s ambition of becoming a teaching capital.

About IIIT-Bangalore

IIIT-Bangalore is a premier institute focused on Post-Graduate IT education and research, located in the heart of Electronic City, Bangalore. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). In the National Institutional Ranking Framework (NIRF) for 2022, IIIT-B has secured 74th ranking. The institute was ranked number 1 among India’s Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations.
The institute’s specially designed courses make the students cognitive of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

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I would like to discuss how artificial intelligence (AI) may play a critical role in changing education, allowing individualized learning, and equipping both educators and students with cutting-edge skills to succeed in the digital era.
Embracing ChatGPT in Schools for Teaching
The incorporation of AI models has opened up a world of possibilities for improving teaching and learning experiences. Among these game-changing AI models, ChatGPT, a strong language model chatbot developed by OpenAI, stands out as a possible game-changer.

This huge language model has a wide range of features, including text production, language translation, creative content creation, and instructive question responding.

One significant feature of ChatGPT is its capacity to analyze large volumes of data, allowing for tailored education for pupils. Consider having a virtual tutor who creates individualized learning plans based on each student’s specific requirements and interests.

ChatGPT’s ability to create text that closely mimics human writing makes it an essential tool for giving students critical feedback. ChatGPT can assist students in evaluating their writing projects or problem-solving activities.

Teachers may use ChatGPT’s integration into the educational environment to create more dynamic and interesting classes, while students can obtain individualized help and insights tailored to their individual learning styles. The promise for a more accessible, efficient, and inclusive learning environment grows as the educational journey accepts AI help.

ChatGPT includes a variety of other possible educational benefits in addition to these aspects. It can, for example, be used to:

● Give kids access to educational materials that they would not otherwise have.
● Assist pupils in learning at their own speed.
● Make learning more dynamic and interesting.
● Allow instructors to focus on more vital duties by freeing up their time.

AI models like ChatGPT bring both intriguing opportunities and problems in the ever-changing educational landscape. While they have the potential to transform the way we teach and learn, there are some key issues to consider.

It is critical to ensure that these models are used ethically and fairly, since we must be aware of biases that may unwittingly impact educational outcomes.

Despite these obstacles, the transformational power of AI models in education cannot be underestimated. Students can benefit from a more efficient and successful learning experience by receiving tailored teaching and timely feedback.

These AI models can continually learn and adapt, resulting in a dynamic and engaging environment for both instructors and learners.

Here are some specific applications of ChatGPT in education:

1. ChatGPT may be used to develop personalized learning programs for each student based on their unique requirements and interests. Students may learn at their own speed and concentrate on the things that are most relevant to them.
2. ChatGPT can be used to provide students with feedback on their writing, problem-solving abilities, or other aspects of their work. This feedback may be personalized to each student’s specific needs and can assist pupils in improving their abilities over time.
3. ChatGPT may be used to generate text, translate languages, compose various types of creative material, and provide helpful answers to your inquiries. This may be a useful tool for students working on generative activities like writing essays or making presentations.
4. Access to resources, ChatGPT may be used to provide students access to educational materials that they might not have otherwise. Textbooks, essays, and videos are examples of resources.
5. Learning that is engaging and interactive, ChatGPT may be used to make learning more engaging and interactive. This may be accomplished by creating games, simulations, and other interactive learning experiences with ChatGPT.
6. ChatGPT may be used to free up instructors’ time so that they can concentrate on more vital duties. This involves responsibilities such as lesson preparation, grading work, and offering feedback to students.

ChatGPT and other AI models have the potential to transform education. These models can help students learn more effectively and quickly by offering tailored teaching, producing feedback, and learning over time. As AI technology advances, we should expect to see many more ways in which AI may be utilized to improve education.

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The Indian IT industry, valued at $150 billion and employing over 5 million professionals, invests a staggering $3 billion annually in workforce upskilling. With this dynamic partnership, Scrum.org is primed to make a substantial impact on the industry by providing high-quality Agile training that aligns with international standards and best practices.

By joining forces with edForce, Scrum.org taps into its extensive reach and expertise in the Indian market, while edForce gains access to Scrum.org’s premium content, courses, and esteemed Professional Scrum Trainer (PST) network. Together, they will ensure consistent delivery of top-notch Scrum training and drive the adoption of Agile methodologies across the Indian IT landscape.

Dave West, CEO of Scrum.org, emphasized the significance of consistent Scrum training, stating, “Inconsistent teaching of the Scrum Framework often hampers Scrum teams from grasping essential concepts when learning from different sources. edForce’s membership in the Professional Training Network (PTN) exemplifies their commitment to delivering the highest quality and most consistent Scrum training.”

Ravi Kaklasaria, Co-Founder and CEO of edForce, expressed his enthusiasm, stating, “Partnering with Scrum.org, a global leader in the Agile community, is a game-changer for edForce. This collaboration empowers us to provide our clients with exceptional Scrum training delivered by highly experienced Professional Scrum Trainers. We are committed to delivering consistent, high-quality training experiences that enable professionals and organizations to thrive in Agile environments.”

edForce will incorporate Scrum.org’s comprehensive courses into its portfolio, offering clients a wide range of training programs, including preparation for the industry-recognized Professional Scrum certification. Each Scrum.org course includes an assessment attempt, and participants who score 85% or better receive certification, bolstering their career prospects and industry recognition.

This partnership between Scrum.org and edForce comes at a pivotal time when Agile methodologies are gaining rapid traction in the IT industry. By combining edForce’s training expertise and Scrum.org’s globally recognized methodologies, this collaboration is set to revolutionize Agile adoption, driving innovation and business success in organizations across India.

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StartupIndia SmartIDEAthon encourages student innovators help build sustainable and resilient communities through social innovation

StartupIndia SmartIDEAthon — an annual pan-India mega pitch-fest by GITAM (Deemed to be University) for undergraduate and postgraduate student innovators to showcase  their entrepreneurial ideas — is accepting applications for innovative ideas by Indian students across four themes: Food & Health, Toys for STEM, Sustainable Fashion and Frugal Innovation till June 10, 2023. The pitch fest will culminate in a reality show-style grand finale on August 24-25 at GITAM’s Hyderabad campus.

The student pitching competition is inviting individuals and ideation-level startups to pitch ideas for sustainable and resilient community building. It is organized by Venture Development Centre, GITAM (Deemed to be University) in collaboration with StartupIndia, Northeastern University Center for Emerging Markets, Boston and Northeastern University Center for Entrepreneurship Education (NUCEE), Boston.

Winning student entrepreneurs stand a chance to win personalised coaching and bootcamps by internationally-trained venture coaches, a sponsored trip to the USA to showcase at Boston Entrepreneurship Week, and cash and grants worth INR 30 Lakh for winners and runners-up.

“StartupIndia SmartIDEAThon 2023 is a brilliant platform for students and aspiring student entrepreneurs from all across the country to present their ideas to the world and win some exciting prizes and the opportunity to network with renowned experts. This is an invaluable opportunity to meet like-minded people and be a part of the vibrant entrepreneurship ecosystem!” said  Prof. Balkumar Marthi, Dean – Innovation, GITAM (Deemed to be University).

“StartupIndia SmartIDEAthon 2023 is a great opportunity for students across INDIA to not only showcase their venture ideas on an international stage but to compete to visit the vibrant start-up hub of Boston and experience the ecosystem firsthand,” iterated Krish Nangegadda, Chief Innovation Officer, GITAM (Deemed to be University).

In Round 1, a panel of top venture leaders will review the submitted minute-long video pitches and presentations for relevance and innovation. Up to 100 shortlisted applicants will make it to Round 2 and be invited for online Bootcamp sessions and coaching by ace entrepreneurship practitioners. After the panel re-assesses submitted ideas for innovation, scalability and impact, 32 shortlisted teams from Round 2 get to walk into the semi-finals.

The semi-finals and the grand finale will be organised in person at GITAM’s Hyderabad campus, where the teams will network with industry experts, entrepreneurs and other prominent guests. The competition hots up and finally only eight teams will pitch to an eminent jury and live audience on stage in an auditorium setting.

The 2022 edition of SmartIDEAthon challenge proved to be cradle of innovation & entrepreneurial spirit as 1200+ students from across 28 states and 3 UTs pitched socially innovative startup ideas. Last year, students of Netaji Subhash University of Technology from Bihar’s Hajipur — Animesh Kumar and Hrithik Jaiswal emerged winners — made a winning pitch for their startup Feetwings, which develops Internet of Things (IoT)-based solutions for early detection and monitoring of diabetes to prevent foot ulcers.

Who can participate?

Student participants currently enrolled in any undergraduate or postgraduate programs and recent graduates can showcase their venture ideas in teams not exceeding two members.

Important Dates for SmartIDEAthon 2023:

Applications will be accepted till June 10, followed by round 1 results on June 22 and Round 2 Results on July 15. Semi-Finals will be held on August 24 and the Grand Finale on August 25, 2023.

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The MOU signing ceremony, held at NIU, was graced by esteemed representatives from both institutions. Leading the delegation from AIC-BIMTECH was Dr. Harivansh Chaturvedi, Director of BIMTECH, accompanied by Mr. Sanyam Dhingra – Deputy General Manager – Venture Development, AIC-BIMTECH, Mr. Anmol Chaturvedi – Senior Manager – Government Programs, AIC-BIMTECH, and Mr. Manish Singh – Sr. Associate – Operations, AIC-BIMTECH. They were warmly welcomed by Prof. (Dr.) Uma Bhardwaj, Vice Chancellor of Noida International University, Prof. (Dr.) Parsanjeet Kumar, Pro Vice-chancellor of Noida International University, Dr. Mukesh Parashar, Registrar of Noida International University, and other senior functionaries associated with NIU’s Incubation Centre.

The MOU signifies the mutual commitment of both institutions to collaborate in establishing a vibrant and dynamic environment for innovation and entrepreneurship. By leveraging their combined resources, expertise, and networks, NIU and AIC-BIMTECH aim to create a platform that provides cutting-edge facilities, mentorship programs, networking opportunities, and access to funding sources.

Following the signing of the MOU, a comprehensive discussion took place, delving into various aspects of the Atal Incubation Schemes, other government initiatives, and the remarkable success stories and milestones achieved by BIMTECH’s Atal Incubation Centre. The exchange of knowledge and experiences between the two institutions promises to significantly impact the startup ecosystem by nurturing budding entrepreneurs and facilitating their growth.

According to Dr. Devesh Kumar Singh, Chairman of Noida International University, this collaborative initiative between NIU and AIC-BIMTECH reflects the shared vision of fostering innovation, entrepreneurship, and economic development in the region. By bringing together the collective strengths that aim to cultivate an ecosystem that empowers startups, stimulates technological advancements, and promotes job creation.

The ceremony concluded with a vote of thanks to the Atal Incubation Centre- BIMTECH for their presence and valuable contributions. This partnership sets the stage for a fruitful collaboration, fueling the growth of startups and inspiring the next generation of innovators and changemakers.

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Investigation done by Consumer Complaints Council (CCC) found that the brand used false photographs & inflated ranks 

Owner of Lucknow Franchise of Law Prep, Nitin Rakesh published fake information around Lucknow CLAT 2023 toppers in various promotional activities  

CCC took action against the brand after investigations revealed that the brand has violated various clauses of the ASCI code & stands guilty of wrong practices

June 2023: With the board examinations results being declared, the next major step for students and their parents is to make a career decision and start a new journey to build a future. Educational institutions and entrance exam coaching centers across the country gear up their promotional activities to enroll students.

In such a promotional activity recently done by a CLAT coaching institute Law Prep Tutorials came under scrutiny for publishing fake and misleading ads.

Law Prep Lucknow, owned by Nitin Rakesh has been claiming Lucknow CLAT topper, All India Rank 1 to 10 and over 500 selections in NLUs in their various print, digital and offline advertisements across the city. Surprisingly, the claims made by them were found to be fake and unsubstantiated.

The Advertising Standards Council of India (ASCI) came heavily on Law Prep Tutorial for publishing advertisements that had misleading and wrong information showcasing their students as AIR toppers and directed them to immediately take down advertisements. 

Such advertisements confuse the customers and it is important that advertisements should be based on results that can be proven, the governing body rules out. 

“This incident raises several concerns on the intentions of Law Prep Tutorials as such advertisements are a blatant attempt to mislead vulnerable students and their families into enrolling in the coaching institute. Where are their ethics,”said an Industry leader on the request of anonymity. 

The advertisement was recently published in a large and reputed newspaper in Lucknow and in various social media and online platforms. This was reported to be a serious violation of various clauses of the ASCI Code. A complaint was filed against the heinous act of Law Prep Tutorials with the Consumer Complaints Council (CCC) which investigated the matter and found Law Prep Tutorials guilty.

As per the copy of the ruling made by the governing body in this matter it was found that Law Prep Tutorials claims of producing “Lucknow CLAT 2023 toppers” and ” 500+ selections in NLUs” were baseless.

Despite the ASCI requesting Law Prep Tutorials to address the complaints, the coaching institute did not respond to the council or the complainant. As a result, the CCC upheld the complaint and advised Law Prep Tutorial to modify or withdraw the advertisement by May 9, 2023. 

“Such predatory and exploitative practices by coaching institutes can have a severe impact on the mental health and financial stability of students and their families. Law Prep Tutorial has been found guilty of such practices and is advised to take this matter seriously and ensure that its future advertising practices are in compliance with the ASCI Code, ” shared officials of a well-known entrance exams preparation brand. 

We will never support such acts. It is a matter of shame for Law Prep Tutorials. Students treat us as their Gurus and if we do such things then it is a complete loss of respect. This brand should be boycotted. They owe an apology to each industry player” they added.

Last year, Law Prep Tutorial, Marwari Catalysts’ Portfolio Startup, raised USD 100K in seed round from MCats.Founded in 2008 by Sagar & Anupama Joshi, Law prep Lucknow is a franchisee of Jodhpur based Law Prep Tutorials. The franchisee owner Mr Nitin Rakesh has cases of extortion and cheating (IPC Section 386 & 420) pending against him in the Lucknow court. He is out on bail.

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The seed of interest towards Engineering is mainly sown in young minds when they realise their affinity towards science and technology. They are fascinated by the latest technological innovations that they have come across. They explore the three aforementioned subjects and eventually excel in one or more of them. However, the disconnect to the stream starts to seep in once they reach the third or fourth semester of their course. The curriculum that they study in college has barely any connection to the current technological advancements that drew them in in the first place. Slowly they start moving on from engineering when they also get a glimpse of the skimpy number of job opportunities in core Engineering.

Chaturvedi says that there are myths in our society about what constitutes science and what constitutes engineering. He believes it to be the responsibility of the people in STEM to raise awareness that engineering education is not divorced from, but built on the foundations of physics, chemistry and maths. The word “science” per see should not be conceived as simply physics, chemistry, maths and biology.

Usually, students grow disinterested towards engineering seeing the rising level of difficulty in the subjects they perceive as “science”. This disappointment often stems from the societal conditioning that engineering is something different from the “science” subjects they have studied.

Chaturvedi also perceives engineering students to be a byproduct of the engineering colleges: and like any product, they also have a shelf-life. We rarely see a product which retains its relevance in the market even after two to three years of its introduction in the market. This is exactly the challenge faced by the engineering curriculum.

Chaturvedi advises both internal and external efforts that can be made to retain the students’ interest in engineering. “The schools, societies and IITs can help prepare prospective engineering students with a better understanding of what they can expect from engineering education and how they can relate it to the technical world we see and experience”, he says. With the collective external addressing of this issue on the part of the IITs, the students and the curriculum both can be saved.

Internally, he says, the engineering curriculum should have a revision and necessary reform every two to three years to keep the curriculum from being redundant to the learner. Minor changes should keep being made on a continuous basis. Then, it might be possible to strike a balance between teaching the “Science of Engineering” and keeping the passion for engineering alive in students.

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Various incriminating documents and digital data were seized during the raid. The company runs a popular online education portal under the name Byjus. The FEMA searches have revealed that the company has earned Rs 28000 crore during the tenure of 13 years from 2011 to 2023. In the same time period, the company has also made Rs 9754 crore payments to various foreign jurisdictions in the name of overseas direct investment.

In the name of advertisements and marketing expenses, the company has booked around Rs 944 crore which also included the amount paid to foreign jurisdiction. Allegedly, the company has also not prepared its financial statements since the year 2020-21. The audition of these accounts has also not been conducted which is mandatory.

The authenticity of the figures provided by the company is not yet determined as it is being cross examined with that of the bank. Several complaints from private persons initiated the investigation against Byjus. The founder and the CEO of the company did not even appear during the investigation in spite of several summons issued.

Byjus legal team spokesperson labelled the raid as ‘routine inquiry under FEMA’ in the statement released by Byjus. The company has stated that it has been transparent and completely aligned to the ethics and high standards for integrity of its operations. And it shall co-operate with the authorities to provide all the required information and resolve the matter soon.  It also posited that it would still focus on delivering high quality educational products and services to its customers in India and across the world.

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