Byju’s recently argued before the National Companies Law Appellate Tribunal (NCLAT) that Riju Raveendran, a director and brother of founder Byju Raveendran, infused Rs 2,600 crore into the company to sustain business operations and pay salaries to its 27,000 employees. Although this move helped BYJU’S avoid bankruptcy proceedings, employees are still awaiting the salaries that the funds were meant to cover.
Several former employees, according to a DH report, revealed that they had not received their salaries for several months before leaving the company. Furthermore, the company still owed other dues, including gratuity payments.
Employees have begun to consider collective action and are reportedly pursuing the legal route. The 27,000-strong workforce includes approximately 20,000 employees from Aakash Educational Services, which Byju’s acquired in 2021.
Reportedly, the former employees received a part of their salaries in February but nothing since, despite working until April. They also noted issues with getting responses to emails regarding income tax documents and pay slips. Current employees have reportedly been informed that the company will need until December this year to make payments.
Insiders indicate that gratuity is pending for those who have completed five years, and the company has not paid Tax Deducted at Source (TDS) since April. While the company plans to pay the overdue salaries, there appears to be no clear timeline
3 Comments
My name saroj Upadhyay, as i had purchased the course from whitehat jr for my daughter. And in between i stop continuing the course. So from the whitehat jr company, i received a mail in the month of dec 2023 for refund will be done of 79k within 30 to 45 working days … till now there is no reply from the company side . And i am just waiting for the money to be credited in my account.
Buyjus Is A Fake Company, Does Not Gave Training Paid And Certificates To Their Employees.
Also Tell Lie To Parents About Their Courses.. Tell Them High Charges Of Fees. Once The Course Is Taken By The Parent , They Further Not Provide Proper Services And Their Tab Is Total Loss For Children’s… Bank Corrupted Company, Rude Behaviour Of Managers And Staff Of Company.
I have purchased the course and the tab is not working I was promised to get it changed but now the customer care number is not working. What about the fee that I hadnpaod