Edtech company BYJU’S has appointed Arjun Mohan as its new Chief Executive Officer (India) as incumbent Mrinal Mohit stepped down after close to a decade with the company.

Mohan was previously the Chief Business Officer at BYJU’S who left to join UpGrad India as its CEO. He spent six months working as a consultant for edtech companies before rejoining BYJU’S as its CEO.

In a mail to the employees, Byju Raveendran reportedly announced the news of Mohan’s return to the company and Mohit’s departure.

The developments come at a time when the edtech company is beleaguered by employee layoffs, lender commitments and a liquidity crisis.

Mohan replaces Mohit in a “well-defined transition plan,” said Raveendran’s mail to the employees, adding that the company is committed to its sustainable expansion “amidst transformational changes for an exciting new phase.”