Byju’s tablets, laptops gather dust in warehouse as insolvency drags on

Around two lakh tablets and thousands of laptops, headphones, routers, keyboards, printers, and webcams belonging to Byju’s remain stuck in a warehouse on Bengaluru’s outskirts, underscoring the slow progress in the insolvency process of Think & Learn, the parent of the troubled edtech firm.

The inventory valued at around Rs 7-10 crore, which was formally put on the block in March by resolution professional Shailendra Ajmera from EY, has not yet been sold even after interest from bidders, people aware of the matter said.

The delay comes as the June 30 deadline for submitting expressions of interest (EoI) in the broader resolution process has passed. The warehouse assets are being handled through a separate sale under Regulation 29 of the CIRP (Corporate Insolvency Resolution Process), but the delay points to the challenge of monetising Byju’s assets.


The inventory includes about two lakh tablets, 6,000 laptops, 10,000 headphones, 5,000 routers, 8,000 keyboards, 1,000 monitors, 800 printers, and 6,000 webcams, apart from other office and educational material, the sources said. The stock also includes stationery and learning material accumulated during Byju’s growth years. ET has seen a copy of the tender floated for potential bidders.

A public notice issued on March 14 had invited interest in the sale of IT and non-IT assets at Think & Learn’s warehouse, located in Bommasandra.

Queries sent to Ajmera and GLAS Trust did not elicit a response till press time.

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The sale has taken longer because the hardware is being categorised and audited before being sold, people aware of the process said. The idea is to sell the assets in lots based on condition and use case, rather than dispose of the entire stock to one buyer at a steep discount, they said.

People who were part of the process said bidders had shown interest in buying the hardware, including for use in schools and through second-hand channels. However, the final sale has not been concluded.

The delay reflects the tension at the heart of Byju’s insolvency process. Lenders are seeking to maximise recovery from assets that were bought or built during the company’s boom years, while bidders are pricing them as old and depreciating inventory.

Storage costs have also become a concern. People aware of the matter said the warehouse cost has been reduced substantially over the past several months, but expenses are still being incurred to maintain the facility. Warehouse fees had peaked at Rs 20-30 lakh a month, sources said. Part of the warehouse holds company documents and records, limiting the ability to vacate the space, they added.

Think & Learn’s broader asset schedule includes the goodwill of Byju’s Learning App, course content, and other intangible assets, along with stake in Aakash Educational Services, GeoGebra, and other subsidiaries. The CIRP began after the NCLT admitted a plea by the BCCI in July 2024, which was later reinstated by the Supreme Court in October after a brief pause.

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June 30 was the last date for EOIs, with resolution plans by August 29. People aware of the matter said a further extension of the process is being discussed.

The warehouse gridlock shows how even Byju’s physical assets, which should be easier to sell than subsidiaries or intellectual property, are taking time to monetise. Other asset sales, including for GeoGebra and WhiteHat Jr, have also seen limited progress, people aware of the matter said.