Veranda Learning Solutions Ltd Company Summary

Veranda Learning Solutions Limited was initially incorporated on November 20, 2018 as Andromeda Edutech Private Limited, dated November 21, 2018 with the Registrar of Companies, NCT of Delhi and Haryana. Name of the Company was changed to Veranda Learning Solutions Private Limited, dated September 10, 2020 at the Central Registration Centre. Subsequently, the Company converted into a Public Limited Company and a fresh Certificate of Incorporation dated October 12, 2021 was issued by Central Processing Centre.The Company is engaged in providing diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates professionals and corporate employees enrolled with the courses through competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.

The Company provides complete long term and short term preparatory courses in a simple manner for students preparing preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways and Chartered Accountancy. Apart from this, it organizes training programs to serve the specific job requirements, fill immediate skill gaps, and achieve career goals rapidly.Verandas tech-infused online learning allows students to engage in self-paced inclusive and individualised learning experience without the restriction of needing to be present in a physical classroom. Online learning model comprise recorded videos and online live instructor led learning mode.

The Company focused on delivering specific courses in regional languages to reach out to Students in rural areas. In November 2020, the Company acquired content, brand, education materials from Chennai Race Coaching Institute Private Limited, through wholly-owned subsidiary, Veranda Race Learning Solutions Private Limited. In December 2020, the Company digitized and launched the content acquired from Chennai Race Coaching Institute Private Limited through Veranda Race.In March 2021, the Company engaged SAI IAS Academy to provide content for its subsidiary, Veranda IAS Learning Solutions Private Limited.In July 2021, Company commercially launched CA course offered by Veranda CA.

In August 2021, it launched UPSC course offered by Veranda IAS.In September 2021, the Company acquired 100% shareholding of Brain4ce Education Solutions Private Limited and became its subsidiary of the Company effective from 17th September 2021. With this acquisition, the Company expanded presence in software education in the global market, particularly in the USA and UK.The Company launched an Initial Public Offering of issuing upto 14,598,540 Equity Shares by raising funds from public aggregating to Rs 200 Crore in April, 2022. In May 2022, the Company launched Veranda Acacia, a comprehensive learning platform aimed at closing the IT skills gap in India.

It acquired 100% stake in Veranda Learning Solutions North America, INC, making it a wholly owned subsidiary of the Company in 2022. Veranda acquired JK Shah Classes in October, 2022. In July 2023, Veranda RACE, a wholly owned subsidiary of Veranda Learning, joined hands with Sreedhars College of Competitive Exams (CCE), a prominent institute for competitive and entrance exams in Andhra Pradesh and Telangana.

The Company joined forces with Illinois Tech, Chicagos sole technology-focussed university to offer courses in information technology in December, 2023. In January 2024, the Company acquired 50% stake in Tapasya Educational Institutions (TEIPL). It further launched Veranda Pathfinder, an initiative dedicated to fostering inclusive education in June, 2024.

Veranda Learning entered into business transfer agreement with Kochi-based Logic Management Training Institute Private Limited to acquire the training business as a going concern with effect from April 18, 2024.In March 2025, Company signed an MoU with IIT Madras to offer curated courses on SWAYAM Plus, a digital initiative by the Ministry of Education and IIT Madras. It acquired BB Virtuals and Navkar Digital to strengthen digital delivery and content capabilities in February, 2025. The Company transitioned from a phase of high-velocity expansion to Veranda 2.0: A Strategic Inflection Point in FY25.

It expanded the Preferred Delivery Centres across Tier 2/3 cities. The CIAP program was rolled out in association with NSDC and UK-based IAB in FY25.The Company has approved the Scheme of Arrangement for the Demerger of the Commerce Business into J.K. Shah Commerce Education Ltd.

to operate it as a separate entity in FY 2026. The Commerce vertical has scaled into a strong platform across CA, CS, CMA, ACCA, and CFA categories.