The collapse of Byju’s has now narrowed to its final, decisive chapter: who will take charge of the only asset still pulsing with life. With rival bids from Ronnie Screwvala’s UpGrad and Ranjan Pai’s Manipal Group in hand, the process has shifted from rescuing the edtech firm to salvaging its last remaining centre of gravity. Advertisement

And that centre is unmistakably Aakash Educational Services.

Aakash has emerged as the single unbroken strand of value in Byju’s fall from grace. In a business built on hyper-scaling digital learning, Aakash is the opposite — rooted, proven, and physical. As Vivek Parti, an Insolvency Professional, told Business Today, "Akash was the most prized possession... their importance [was] based on the faculty that they already hold and the reach that they h

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