Edtech Unicorn upGrad Strengthens Board with Appointment of Amitabh Kant
Edtech unicorn upGrad has made a significant move by appointing former G20 Sherpa and ex–NITI Aayog CEO Amitabh Kant as an Independent Non-Executive Director. This decision enhances the company’s board as it embarks on a new chapter of both global and domestic expansion. Kant is anticipated to play an essential role in shaping upGrad’s strategy in international markets and in driving India’s burgeoning skilling agenda.
Role of Amitabh Kant in upGrad’s Future
Amitabh Kant emphasised the necessity for “new-age skilling” at both speed and scale. He pointed out that upGrad’s collaborations with universities and businesses position the company effectively to provide pathways for job readiness and entrepreneurship.
Strategic Insights from upGrad’s Co-Founder
Ronnie Screwvala, the co-founder and chairperson of upGrad, noted that Kant’s wealth of experience in governance and economic transformation will bolster the company’s long-term strategic objectives.
upGrad’s Global Expansion and Investments
In the last two years, upGrad has broadened its reach across the Middle East, Africa, Southeast Asia, Europe, and North America. The company has also strengthened its partnerships with universities and invested heavily in AI-led learning systems, multi-campus infrastructure, and customised content.
Strengthening Governance with Independent Leaders
In line with its strategy to improve governance and enhance cross-border operations, upGrad is expanding its board with experienced independent leaders. Recently, Deepesh Dhakad was appointed as Chief Product and Technology Officer (CPTO).
Financial Performance Overview
According to various reports, upGrad achieved an EBITDA profit of Rs 15 crore in FY25, a contrast to the EBITDA loss of Rs 285 crore in FY24. The company also recorded gross revenue of Rs 1,943 crore during the last fiscal year.
