Gautam Adani | Byjus
Gautam Adani Becomes 2nd Richest Person In World, Leaves Behind Jeff Bezos
The video talks about the PEs at which the stocks trade. You may not be knowing that his group companies trade at 700X PE. And the Fitch controversy about the Adani’s group debt is something that is worth knowing
The edtech firm BYJU, which is run by Think & Learn Pvt Ltd, has seen a 20-fold increase in its losses for the fiscal year 2021, amounting to Rs 4,559 crore. Its adjusted revenue has also dipped by 3% to Rs 2,428 crore. One more point to be noted is that a jump of 300% has been seen in their fees to the auditor (Deloitte) from Rs 1.75 crore in FY20 to Rs 5.8 crore for FY21. Is this the start of edtech crash in India? Watch this video for all the details!