Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions
| Photo Credit:
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Chennai-based Veranda Learning has announced restructuring of its commerce vertical as part of its Veranda 2.0 vision. This move aims to unlock long-term value, enhance operational agility, and accelerate growth in one of India’s most competitive education domains. Veranda Learning will acquire the remaining 24 per cent equity stake held by Prof JK Shah in Veranda XL Learning Solutions Pvt Ltd, the principal company within the commerce portfolio. This transaction will result in Veranda XL becoming a wholly owned subsidiary, thereby simplifying the group structure and easing the path to demerger, says a release.
In line with the approved objectives of the Qualified Institutional Placement, a significant portion of the proceeds will be utilised to redeem the senior, secured, unlisted, redeemable, non-convertible debentures (NCDs) issued by the company’s subsidiary, Veranda XL Learning Solutions Private Limited (Veranda XL) to Ascertis Credit (Formerly Barings Private Equity Asia). This redemption will enable the repayment of a majority of the subsidiary’s existing debt. Post this transaction, the subsidiary, which forms part of the Commerce vertical—will be on the path to becoming debt-free, the release said.
The new entity will unify Veranda’s commerce education brands —J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce, and Logic School of Management— into a single powerhouse delivering CA, CS, CMA, and ACCA test preparation. With a legacy of mentoring thousands of CA rankers over the years, the vertical has built a trusted reputation across India.
The commerce vertical has shown immense promise, and we believe this move will enable it to fully realise its potential, said Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions.
The commerce vertical is targeting significant revenue growth, with a goal to surpass ₹1,000 crore by FY30, the release said.
Published on July 28, 2025
