List of Byju’s assets up for sale under insolvency resolution process

As edtech company Byju’s parent company is up for sale as part of its ongoing Corporate Insolvency Resolution Process (CIRP), we list out the indicative assets as provided in the Invitation document. The Resolution Professional has noted that this list is based on current understanding and may be revised.

1. Investment in Aakash Educational Services Limited (AESL)

• Asset Type: Equity shares and related rights.
• Details: This is considered one of the most valuable assets in TLPL’s portfolio. AESL is a well-established physical coaching institute chain for medical and engineering entrance exams. BYJU’S acquired it in a high-profile deal, and it represents a significant, revenue-generating brick-and-mortar business.

2. Investment in Geogebra GmbH

• Asset Type: Equity shares and related rights.
• Details: Geogebra is a global provider of dynamic mathematics software, combining geometry, algebra, spreadsheets, graphing, and statistics. This investment represents TLPL’s stake in an international edtech software company.

3. Investments in Other Subsidiaries

This category includes equity shares and related rights in a portfolio of other edtech companies that were acquired by BYJU’S over the years. These include:

• Inspilearn LLC: An online learning platform.
• Whitehat Education Technology Pvt Ltd: The parent company of WhiteHat Jr., a coding platform for children. This was one of BYJU’S major acquisitions.
• BYJU’S K3 Education Pvt Ltd: Likely a holding company or an entity related to specific K-12 educational content.
• Toppr Technologies Pvt Ltd: An online learning app for school students and competitive exam preparation, acquired by BYJU’S.
• Grade Stack Learning Pvt Ltd: An enterprise upskilling platform.
• Intap Labs Pvt Ltd: A company focused on technology and product development.

4. Core Assets of Think & Learn Private Limited (BYJU’S)

This category includes all remaining assets of the corporate debtor not covered in the specific investments above. It encompasses the flagship BYJU’S brand and its core operations. Key components are:

• The BYJU’S Learning App: The primary digital platform and its user base.
• Brand Name and Other Intangible Assets: The valuable “BYJU’S” brand, trademarks, and associated goodwill.
• Course Content: Proprietary educational content, video libraries, and curriculum for K-12 and competitive exams like JEE, NEET, CAT, IAS, GRE, and GMAT.
• Inventory: Physical goods, likely including tablets and learning kits sold to students.
• Receivables: Outstanding payments from customers.
• Furniture, Fixtures, and Other Physical Assets: Office equipment and other tangible property.

Important Context for Bidders

1. “As Is, Where Is” Basis: The invitation explicitly states that any acquisition will be on an “as is, where is, whatever there is” basis. This means bidders must conduct their own extensive due diligence, as the Resolution Professional and the Committee of Creditors provide no representations or warranties regarding the assets.
2. Non-Exhaustive List: The RP has reserved the right to add or remove assets from this list before issuing the final Request for Resolution Plan (RFRP).
3. Simultaneous Sale Process: The document clarifies that the RP may run a separate, parallel process for the sale of one or more of these assets under Regulation 29 of the CIRP Regulations. This means a key asset like Aakash could potentially be sold outside the main resolution plan process.
4. Liabilities Apportionment: The manner in which the Corporate Debtor’s significant liabilities will be apportioned across these asset categories will be decided by the Committee of Creditors at its “sole discretion,” and bidders are required to waive their right to contest this.

Important dates

Last date for receipt of expression of interest: 13^th November 2025

Date of issue of prospective resolution applicants: 23^rd November 2025

Last date for submission of objections to provisional lists: 28^th November 2025

Also See: BYJU’S insolvency: EoI deadline extended as bidders show little interest