Manipal Education submits EOI to bid for Byju’s parent Think & Learn under insolvency process — What we know

Manipal Education and Medical Group India (MEMG India), led by Dr Ranjan Pai, has submitted a formal Expression of Interest (EOI) to participate in the Corporate Insolvency Resolution Process (CIRP) of Think & Learn, the parent company of troubled education technology company Byju; The company notified the stock exchanges on November 13.

According to documents submitted to the Resolution Professional (RP), MEMG’s EOI expresses interest in being included in Think & Learn’s list of Potential Resolution Applicants (PRAs) to “examine the company’s financial and operational details for the purpose of evaluating a potential resolution plan.”

Notably, this is the second time that MEMG has submitted an Expression of Interest to participate in the resolution process, after the deadline was extended by the RP to 13 November 2025.

• According to the filings, MEMG’s submission contains all legal undertakings required under the Insolvency and Bankruptcy Code (IBC), 2016.
• The company has certified that it meets the eligibility norms for PRAs and is not disqualified under IBC Section 29A.
• MEMG has also submitted the required declarations, confidentiality commitments and e-stamped documents as part of the application.

Ranjan Pai to instill ₹250 crore in Aakash rights issue

This comes despite sources telling Mint that the family office of Ranjan Pai, the largest shareholder of Aakash Educational Services (AESL), is planning to invest around ₹250 million. ₹250 crore in the ongoing process. ₹450-500 crore rights offer in tranches.

The statement from Manipal Group also stated that a successful solution with Think & Learn “will help in the business consolidation of AAKASH, in which Manipal has a majority stake.”