Govt asks Byju's to explain delay in filing audited financial accounts

The Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, according to a Bloomberg report.

Earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts.

Byju’s, which is India’s most valuable startup with a valuation of $22 billion, is expected to file the audited financials by next week, according to the sources.

The delay in filing is due to consolidating the accounts of a number of companies that  Byju’s