About Physicswallah Limited
PhysicsWallah Ltd. (PW) is one of India’s leading edtech platforms that offers affordable and high-quality education for students preparing for competitive exams such as JEE, NEET, UPSC, SSC, and various state-level exams. In addition, it has expanded into upskilling programs in fields like Data Science, Finance, and Software Development. Founded by Alakh Pandey and Prateek Boob, PhysicsWallah has built a strong hybrid education model combining online learning via apps and YouTube with offline learning through tech enabled centers.
As of June 30, 2025, the company has:
- 13.7 million+ YouTube subscribers
- 4.13 million unique online users
- 0.33 million students enrolled in offline centers
- 303 offline centers across India
- 6,267 faculty members and 18,028 employees
- 4,382 books published
With a strong presence across 13 education categories and consistent revenue growth, PhysicsWallah ranks among the top five edtech firms in India in terms of revenue.
Why To Invest in Physicswallah Limited
Investors may find the PhysicsWallah IPO attractive due to its strong brand recognition, rapid growth in both online and offline education, and proven scalability.
Here are the key reasons to consider investing:
Strong Market Position: Among the top 5 edtech companies in India with a loyal and growing student base.
Hybrid Business Model: Balanced presence across online, offline, and hybrid modes, allowing flexibility and scalability.
High User Engagement: Over 4.46 million paid users in FY2025, growing at a CAGR of 59.19% from FY2023 to FY2025.
Diversified Course Portfolio: Presence in multiple education categories from school-level to professional and skill-based training.
Experienced Management: Visionary founders and leadership with a deep understanding of student behavior and education delivery.
IPO Fund Utilization: The proceeds will strengthen offline expansion, digital infrastructure, marketing, and acquisitions, driving long-term growth.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 5,075.67 | 4,156.38 | 2,480.74 | 2,082.18 |
| Total Income | 905.41 | 3,039.09 | 2,015.35 | 772.54 |
| Profit After Tax | -127.01 | -243.26 | -1,131.13 | -84.08 |
| EBITDA | -21.22 | 193.20 | -829.35 | 13.86 |
| NET Worth | 1,867.92 | 1,945.37 | -861.79 | 62.29 |
| Reserves and Surplus | 787.92 | 467.06 | -1,254.74 | -187.65 |
| Total Borrowing | 1.55 | 0.33 | 1,687.40 | 956.15 |
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