New Delhi: Veranda Learning Solutions Limited, a publicly listed education company, has announced the formal demerger of its Commerce vertical, marking a pivotal step in its ‘Veranda 2.0’ strategic vision. The move aims to sharpen operational focus and unlock long-term value for shareholders, while positioning the vertical for accelerated growth in both domestic and international markets.
The newly formed entity, J.K. Shah Commerce Education Limited, will serve as the dedicated platform for Veranda’s commerce education offerings. This includes renowned brands such as J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce, and Logic School of Management. The vertical will continue to provide test preparation for CA, CS, CMA, and ACCA aspirants, while expanding its global footprint through internationally recognized courses like CPA and CFA.
As part of the restructuring, Veranda Learning acquired the remaining 24% stake in Veranda XL Learning Solutions Pvt Ltd from Prof. J.K. Shah, making it a wholly owned subsidiary. Prof. Shah will retain an economic interest in the new entity and will serve as its Chairman and CEO.
“By creating J.K. Shah Commerce Education Limited as an independent entity, we are unlocking long-term value for our shareholders while empowering the vertical to pursue accelerated growth in one of India’s most competitive education domains,” said Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions.
“With the integrated focus on both domestic and international professional courses, including CPA and CFA, we are excited to help Indian students access global career pathways,” added Prof. J.K. Shah, Chairman and CEO of the new entity.
Strategic Outlook
- Target revenue of ₹1000 crore by FY30, with a projected CAGR of 31%
- Steady growth in student enrolments driven by demand for finance and accounting qualifications
- Expansion into digital and hybrid delivery models to enhance accessibility
- Operational efficiencies expected to improve EBITDA margins
- Continued consolidation of leadership in the professional education ecosystem
Shareholder Impact
Upon completion of the demerger, each Veranda Learning shareholder will receive one share in J.K. Shah Commerce Education Limited. The new entity will be listed on NSE and BSE via the automatic listing route, subject to regulatory approvals including clearance from the National Company Law Tribunal (NCLT). The estimated timeline for completion is approximately 12 months.
This strategic move is expected to enhance shareholder value, improve operational agility, and provide independent access to capital markets—setting the stage for innovation and sustained growth in the commerce education space.
