PhysicsWallah Ltd., one in every of India’s largest edtech platforms, has filed an up to date draft purple herring prospectus with the Securities and Change Board of India for an preliminary public providing value Rs 3,820 crore. Past the standard mentions of competitors and regulatory hurdles, the submitting highlights a strikingly uncommon danger issue: pupil security incidents inside its offline studying centres.
The DRHP cites episodes starting from harassment complaints and security issues to weird disruptions. In a single occasion from 2023, a pupil allegedly threatened a college member with a slipper throughout a video name. One other case concerned a workers member pushing a pupil at an offline centre, caught on video and circulated extensively on-line. The corporate stated the workers member was terminated after an inner inquiry.
The prospectus additionally refers to an FIR filed after a ceiling fan fell on a pupil at a New Delhi centre, although the matter has since been settled. Whereas PhysicsWallah stated it has launched safeguards to forestall hurt to college students, it cautioned that such measures can not assure incidents is not going to happen, warning of potential harm to its status, enterprise, and monetary situation.
Based in 2016 as a YouTube channel, PhysicsWallah has expanded right into a full-stack training firm spanning Ok-12, NEET, JEE, UPSC, and state-level aggressive exams, together with ventures into examine overseas, diploma programmes, and upskilling. Its manufacturers embody Information Planet, Xylem Studying, and Utkarsh Courses, serving over 2 million college students yearly throughout Tier-II and Tier-III cities.
The corporate stays founder-led, with cofounders Alakh Pandey and Prateek Maheshwari every holding round 40.35%, amounting to over a billion shares apiece.
In FY25, PhysicsWallah reported whole revenue of Rs 2,886 crore, in contrast with Rs 1,940 crore in FY24 and Rs 744 crore in FY23. Internet losses narrowed sharply to Rs 240 crore in FY25, from Rs 1,127 crore in FY24 and Rs 85 crore in FY23, in accordance with the DRHP.
A big portion of income comes from offline centres within the Nationwide Capital Area, Patna, Kota, Kozhikode, Lucknow and Kolkata. The corporate has appointed Kotak, JP Morgan, Goldman Sachs, and Axis Capital as book-running lead managers for the IPO.
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