Unacademy co-founder and CEO Gaurav Munjal is moving to the role of Executive Chairman, with chief business officer (CBO) Akhilendra Kumar set to take over as the company's new chief executive.
Announcing the leadership transition in a post on X, Munjal said he would remain actively involved in the company's day-to-day operations and work alongside Kumar.
Kumar is currently the CBO at Unacademy and has been with the company for nearly five years.
At the time of the acquisition, Munjal said Unacademy had a topline of around Rs 400 crore, with most of its businesses either profitable or near profitable.
Following the acquisition, upGrad is also consolidating the operations of Unacademy and its businesses.
Unacademy co-founder and CEO Gaurav Munjal is moving to the role of Executive Chairman, with chief business officer (CBO) Akhilendra Kumar set to take over as the company's new chief executive.
Announcing the leadership transition in a post on X, Munjal said he would remain actively involved in the company's day-to-day operations and work alongside Kumar. He also said he would help with the upGrad IPO.
Kumar is currently the CBO at Unacademy and has been with the company for nearly five years.
The leadership change comes nearly two months after upGrad completed its acquisition of Unacademy in September 2026 in an all-stock deal valued at just over $200 million. The transaction marked a steep decline from Unacademy's peak valuation of around $3.4 billion in 2021.
The acquisition gives upGrad an entry into the online test preparation segment, including UPSC, JEE, NEET and GATE, while adding Unacademy's educator network to its existing higher education, upskilling and study abroad businesses.
At the time of the acquisition, Munjal said Unacademy had a topline of around Rs 400 crore, with most of its businesses either profitable or near profitable. The company also had around Rs 900 crore in the bank, he added.
On the other hand, upGrad's gross revenue grew 7% year-on-year to Rs 2,070 crore in FY26, including taxes. Its total income stood at Rs 1,732 crore after Ind-AS accounting. The company reported a provisional profit of Rs 38.8 crore during the 11 months ended February 2026.
Following the acquisition, upGrad is also consolidating the operations of Unacademy and its businesses. PrepLadder's headquarters has already been shifted from Chandigarh to Bengaluru, while Unacademy, PrepLadder, Airlearn and Graphy will operate from Bengaluru going forward.
