Edtech firm BYJU”s has appointed Arjun Mohan as its new India CEO. He will be taking over the position from Mrinal Mohit. Mohan was a founding member of BYJU”s and served as the Chief Business Officer before leaving the company. He recently rejoined BYJU”s and has been working closely with the founder and Group CEO, Byju Raveendran.

Raveendran will continue to serve as the group CEO, while Mohan will oversee the company”s India business. Mohit has expressed his gratitude for being part of the founding team and contributing to the transformation of education.

BYJU”s is reportedly planning to sell two of its assets, Great Learning and Epic, to generate approximately $1 billion. This move is part of the company”s repayment plan for its $1.2 billion term loan B, which it aims to pay off within six months.

Mohan”s appointment as CEO comes amid a period of significant departures at the edtech firm. Earlier this month, Cherian Thomas, BYJU”s Senior Vice President for International Business, left the startup. In June of this year, three members of the board of directors—GV Ravishankar, Russell Dreisenstock, and Vivian Wu—stepped down.