Upgrad s CEO Arjun Mohan Steps Down

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This comes arrives as the edtech company was making an attempt to internally minimize down promoting fees and turn out to be worthwhile

Main govt officer of India’s online education and learning organization UpGrad, Arjun Mohan has stepped down. The firm’s spokesperson verified this on Tuesday. This high amount departure arrives when the sector is struggling with expansion challenges.

The cause is nevertheless not distinct but a few resources in knowlegde of the subject discovered that the govt had resigned in December, nevertheless the conclusion was not manufactured public.

This will come comes as the edtech agency was striving to internally reduce down internet marketing costs and become financially rewarding.

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Supply url Arjun Mohan, the Chief Executive Officer (CEO) of the Indian fintech firm UpGrad, has announced his step down from the role today.

Mohan, who joined the firm in 2018 and led its diversified growth strategies to develop a customer-centric ecosystem when it comes to making online lifelong learning more accessible, is leaving on good terms with the board of directors.

He will be replaced by Adhya Saturnia, who is currently the Company’s Chief Operating Officer (COO). Saturnia has been instrumental in creating a digital-first approach that emphasizes access to the highest quality of learning outcomes.

In the six years of Mohan’s tenure, the company’s annual revenue has grown from Rs. 41 crore to Rs. 120 crore. It has also launched several products and has established relationships with various educational institutions and learning partners.

UpGrad’s success is attributed to Mohan’s focus on building a technology-driven, innovative business model in the education space. Under Mohan’s leadership, the company’s reputation as a well-respected ed-tech company was established in the market and is now one of the leading players in the segment in India.

Mohan has been instrumental in establishing UpGrad as a brand that stands for high-quality learning outcomes, widened educational opportunity and cutting-edge digital experience.

In his official statement, Mohan says, “Although I have decided to step down from my role as the CEO, I am pleased to have devoted the last six years to UpGrad and will seek to stay involved within the organization in my continued capacity as an advisor. I am confident that Adhya has a clear strategy and vision to drive the organization forward.”

Saturnia, the newly appointed CEO, expressed her gratitude in taking on the leadership role: “It has been a privilege to have worked alongside Arjun over the last several years, and I am looking forward to building upon the success and foundations established during his distinguished tenure as CEO.”

UpGrad has also appointed Neal Desai, a veteran education leader, as its Chief Strategy Officer to further reinforce the company’s growth and strengthen its market positioning. With these changes in leadership, the company is better embark on the next phase of its transformation journey.