Is Byju's still operating in 2026?

No. Byju's parent Think & Learn Private Limited is listed with 0 employees as of 2026, has had no new product launches in 18+ months, and is in NCLT insolvency proceedings in India, with its founder facing a Singapore contempt jail sentence.

Is Byju's profitable or worth anything now?

No. Byju's valuation collapsed from $22 billion in 2022 to effectively zero by October 2024. FY2022 showed ₹5,298 crore revenue against an ₹8,245 crore net loss, and net worth is estimated at minus ₹8,245 crore including unpaid staff dues, as of 2026.

Would joining Byju's be safe right now?

No. Byju's has 0 operating employees per Wikipedia's 2026 data, laid off roughly 500 staff in 2024, owes back pay to former employees, and is under NCLT insolvency with its founder appealing a Singapore jail sentence as of July 2026.

Byju's (Think & Learn) is under insolvency resolution via India's NCLT, with an Interim Resolution Professional in charge since July 2024. A non-binding term sheet from July 2026 would give Byju's a 30% minority stake in Aakash, still majority-controlled by Manipal Health.

Could AI replace Byju's core product?

It largely already has. Industry analysis from January 2026 states consumer edtech apps like Byju's have been replaced by AI tutors built into ChatGPT, Khanmigo, and Gemini, since wrapper-style paid video-lesson economics no longer support customer acquisition.

Who is Byju's biggest competitor now?

PhysicsWallah, which IPO'd in November 2025, reported FY25 revenue of ₹2,887 crore with adjusted EBITDA margins rising from 23.5% to 25.7% year over year in Q2, and built an in-house AI doubt-solver, unlike the now-defunct Byju's.

Education companies · India

Byju's

byjus.com ↗

Collapsed Indian K-12 edtech app, once worth $22B, now in insolvency with no operating product.

Little protection left

Assessed 22 July 2026 · Evidence as of 22 July 2026

Not much stands between this business and its pressures.

On the recordSince 22 July 2026 · Checkable from within 6 months of July 2026 · Every call on the record Checkpoint: NCLT resolution on Think & Learn parent entity and possible Manipal bid outcome

The call

Byju's is not being eaten by a rival product, it already ran out of cash, staff, and legal standing before any competitor had to try.

Byju's was an online tutoring app that taught students through videos and practice problems. It is being replaced by free AI tutors like ChatGPT and Khanmigo, and by a rival called PhysicsWallah that built its own AI tools and stayed profitable instead of burning cash. Byju's spent $5 billion it raised without building anything competitors could not copy, and is now completely shut down in legal insolvency with creditors fighting over scraps, the only real asset left is a 30 percent stake in a test-prep company called Aakash, which a larger company called Manipal already controls.

Why

AI pressure: ChatGPT, Gemini, Khanmigo, PhysicsWallah's in-house AI doubt-solver. There is no live Byju's product left for AI tutors to eat, the app has had no operating activity in 18 months. Could AI do the core job? Yes, likely.

Bigger players: PhysicsWallah. PhysicsWallah stayed disciplined, turned profitable, and IPO'd in November 2025 while Byju's burned $5B and collapsed. Could a giant copy it? Yes, easily.

What protects it. None apparent, the operating company has zero employees and is inside NCLT insolvency proceedings.

What would change this call

NCLT Bengaluru issues final resolution or liquidation order for Think & Learn. Shows whether any entity survives or Byju's parent is wound up entirely.
Aakash and Manipal finalize or reject the 30% stake settlement with binding terms. Shows whether Byju's creditors gain any real asset value or the deal collapses.
Singapore Court of Appeal rules on Byju Raveendran's contempt sentence stay. Shows whether founder faces jail, affecting any future involvement in a revived entity.

Key numbers

Valuation fell from $22B to $0 (Oct 2024)
$1.2B term loan taken on in Nov 2021 (2021-11)
Creditors offered only 30% non-binding Aakash stake (2026-07)

Named risks

Ongoing NCLT insolvency proceedings could result in full liquidation of Think & Learn. Severity: high
Founder Byju Raveendran faces possible enforcement of Singapore 6-month jail sentence pending Court of Appeal. Severity: high
Aakash 30% stake settlement remains non-binding and unapproved by Manipal as of July 2026. Severity: high
Continuing consumer litigation and refund orders add reputational and financial liability. Severity: medium
Zero employees and no product launches for 18+ months signal no going-concern operations. Severity: high

Rivals, as read in July 2026

Rival	Direction	Evidence
PhysicsWallah	losing to	IPO'd Nov 2025 with ₹2,887cr FY25 revenue and rising EBITDA margins while Byju's has 0 employees in 2026
Aakash Educational Services	losing to	Majority Manipal-controlled with $254M revenue and 300+ centres; Byju's holds only disputed 30% non-binding claim as of Jul 2026
ChatGPT/Gemini/Khanmigo	losing to	Jan 2026 analysis says AI tutors replaced consumer edtech apps like Byju's for free
Unacademy	contesting	Both Indian edtech peers reported declining post-pandemic traction per Mar 2026 commentary
Vedantu	contesting	Also underwent layoffs and funding struggles but remains operating unlike defunct Byju's, as of May 2026

Questions people ask

Is Byju's still operating in 2026?: No. Byju's parent Think & Learn Private Limited is listed with 0 employees as of 2026, has had no new product launches in 18+ months, and is in NCLT insolvency proceedings in India, with its founder facing a Singapore contempt jail sentence.
Is Byju's profitable or worth anything now?: No. Byju's valuation collapsed from $22 billion in 2022 to effectively zero by October 2024. FY2022 showed ₹5,298 crore revenue against an ₹8,245 crore net loss, and net worth is estimated at minus ₹8,245 crore including unpaid staff dues, as of 2026.
Would joining Byju's be safe right now?: No. Byju's has 0 operating employees per Wikipedia's 2026 data, laid off roughly 500 staff in 2024, owes back pay to former employees, and is under NCLT insolvency with its founder appealing a Singapore jail sentence as of July 2026.
Who owns Byju's now?: Byju's (Think & Learn) is under insolvency resolution via India's NCLT, with an Interim Resolution Professional in charge since July 2024. A non-binding term sheet from July 2026 would give Byju's a 30% minority stake in Aakash, still majority-controlled by Manipal Health.
Could AI replace Byju's core product?: It largely already has. Industry analysis from January 2026 states consumer edtech apps like Byju's have been replaced by AI tutors built into ChatGPT, Khanmigo, and Gemini, since wrapper-style paid video-lesson economics no longer support customer acquisition.
Who is Byju's biggest competitor now?: PhysicsWallah, which IPO'd in November 2025, reported FY25 revenue of ₹2,887 crore with adjusted EBITDA margins rising from 23.5% to 25.7% year over year in Q2, and built an in-house AI doubt-solver, unlike the now-defunct Byju's.

Timeline

2026-07-21Kerala consumer commission orders Byju's to refund a customer, per Indian Express
2026-07-18Creditors approve non-binding term sheet for 30% Byju's stake in Aakash
2026-07-17Singapore High Court reinstates stay on founder's 6-month jail sentence
2026-06-14Kerala High Court dismisses plea for probe into Byju's insolvency process
2026-05-25Byju Raveendran sentenced to six months jail for contempt in Singapore
2025-11Manipal Education and Medical Group reportedly bids for bankrupt Think & Learn
2025-11Competitor PhysicsWallah completes IPO
2024-10-23India Supreme Court sets aside NCLAT closure of Byju's insolvency case
2024-10Byju's valuation reported to have effectively collapsed to zero
2024-07NCLT admits Byju's insolvency case over unpaid BCCI dues

Revision history

22 July 2026

First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.

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