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COMPANY INTELLIGENCE PROFILE

Physicswallah Limited

Physicswallah Limited is a Noida-headquartered, NSE/BSE-listed edtech company (IPO Nov 2025) offering affordable online + offline competitive-exam coaching, with FY25 consolidated income of ₹3,039 Cr and a narrowed net loss of ₹243 Cr.

Active — Listed Public Limited Company (converted from Private Limited ahead of Nov 2025 IPO). Source: TheCompanyCheck, Tofler, Business Standard.LISTED. IPO'd Nov 2025; listed on NSE & BSE on 18 Nov 2025. Ticker PWL / PHYSICSWALLAH; BSE code 544609. Issue price ₹109; listed at ₹145 (+33%). NOTE: Tofler still labels it "Unlisted Public Limited" — stale pre-IPO data; overridden by IPO listing evidence (Business Standard, Trendlyne). Source: Business Standard, Chittorgarh, Trendlyne.RoC-Kanpur / Uttar Pradesh. Source: TheCompanyCheck, Tofler.
AI Overview Generating…

Physicswallah Limited, headquartered in Noida, is a public edtech company listed on NSE and BSE following its November 2025 IPO. Founded by Alakh Pandey in June 2020, it offers affordable online and offline coaching for competitive exams through a hybrid model of YouTube-origin courses and physical centers. As of FY25, it reported a consolidated income of ₹3,039 Cr with a net loss of ₹243 Cr.

AI-generated, may contain errors.

Business Overview

  • PhysicsWallah (PW) is an Indian edtech company founded by Alakh Pandey, delivering affordable online and offline coaching for competitive exams, JEE, NEET, UPSC, foundation/K-12, upskilling.
  • Operates a hybrid model: YouTube-origin online courses plus offline/hybrid "PW Vidyapeeth" and "PW Pathshala" centres across India. ~13,477 employees, TheCompanyCheck.
  • Known for low-price positioning vs premium peers.
  • Source: TheCompanyCheck, Inc42, Wikipedia.

Sector & Classification

Education — educational support services / test-prep & exam coaching. NIC class consistent with CIN prefix U80900 (Education, n.e.c.). Source: Tofler, TheCompanyCheck. (Exact 5-digit NIC not separately confirmed → partial.)

Directors & Key Management

Prateek Boob
Co-Founder · DIN 07113666
Sandeep Singhal
Director · DIN 00040491
Deepak Amitabh
Director · DIN 01061535
Rachna Dikshit
Director · DIN 08759332
Nitin Savara
CFO · DIN 09398370
Directors — source notes

Alakh Pandey — Whole-Time Director/CEO, DIN 08755719; Prateek Boob — Whole-Time Director, DIN 07113666 (publicly known as co-founder "Prateek Maheshwari"; shareholding filings confirm Prateek Boob = the second promoter, resolving the name discrepancy); Sandeep Singhal — Nominee Director, DIN 00040491; Deepak Amitabh — Director, DIN 01061535; Rachna Dikshit — Director, DIN 08759332; Nitin Savara — Director, DIN 09398370. KMPs: Amit Sachdeva (CFO), Ajinkya Rajendra Jain (Company Secretary). Source: TheCompanyCheck (DINs), Tofler (officers), Trendlyne (promoter identity).

GST Registrations

Primary/home-state GSTIN (Uttar Pradesh): 09AALCP1681Q1ZK — Active, Regular taxpayer, registered 29 Jul 2020, UP (Prayagraj Sector-14) jurisdiction. PAN: AALCP1681Q. Approx 20-21 GST registrations across states (Delhi 07AALCP1681Q1ZO, Chandigarh 04..., Maharashtra 27..., Rajasthan 08..., Punjab 03..., J&K 01... etc.). NOTE: GST legal name still shows "Physicswallah Private Limited" (pre-conversion) — GST master not yet updated. Source: KnowYourGST, MastersIndia.

Financials

AI Overview Generating…

Physicswallah Limited reported a consolidated operating revenue of ₹2,886.6 Cr in FY2024-25, up 49% from ₹1,940.7 Cr in FY24. EBITDA turned positive at ₹193.2 Cr with a 6.7% margin. The net loss narrowed by 78% to ₹243.3 Cr. Standalone revenue was ₹2,495.6 Cr with ₹73.3 Cr EBITDA and a net loss of ₹135.6 Cr. Subsidiaries contributed additional revenue and losses.

AI-generated, may contain errors.

CONSOLIDATED FY2024-25, audited, reportedOperating revenue ₹2,886.6 Cr, up ~49% from ₹1,940.7 Cr FY24
Total income₹3,039.1 Cr
EBITDA₹193.2 Cr, turned positive vs ₹-829.4 Cr FY24, margin 6.7%
Net loss₹243.3 Cr, narrowed ~78% from ₹1,131.1 Cr FY24. Source: Inc42, Entrackr, Equitymaster.
STANDALONE FY2024-25 (Tofler)Total revenue ₹2,495.6 Cr
EBITDA₹73.3 Cr
PAT₹-135.6 Cr (loss)
Net worth₹1,972.6 Cr
Total assets₹4,177.0 Cr
Borrowings Nil
D/E0.0. Source: Tofler.
Standalone vs consolidated clearly differ, subsidiaries add ~₹390 Cr revenue and larger loss; both reported above.

Funding History

  • IPO Nov 2025 ₹3,480 Cr, fresh ₹3,100 Cr + OFS ₹380 Cr, at ₹109
  • Listed ₹145 (+33%). Pre-IPO: 2022 Series A ~$100M at ~$1.1B, WestBridge, GSV
  • 2024 ~$210M, Hornbill, Lightspeed, GSV, WestBridge. Source: Business Standard, Chittorgarh, Inc42, indianstartupnews.

Shareholding

AI Overview Generating…

Physicswallah Limited's shareholding as of June 2026 includes 71.27% held by promoters Alakh Pandey and Prateek Boob at 35.64% each. FIIs/FPIs hold 12.01%, DIIs 13.1%, and the public 3.6%. Key institutional holders include WestBridge AIF I with 5.37%.

AI-generated, may contain errors.

Post-listing, Jun 2026 qtr, TrendlynePromoter 71.27% — Alakh Pandey 35.64%, 1,033,768,808 sh, and Prateek Boob 35.64%, 1,033,768,808 sh
FII/FPI12.01%
DII13.1%, Mutual Funds 5.64%, Insurance 0.61%
Public3.6%. Named institutional holders: WestBridge AIF I 5.37%, Hornbill Capital ~3.97%, GSV Ventures Fund III ~2.56%, Nippon India Small Cap ~1.26%. Promoters trimmed from 72.30% to 71.27% QoQ. Source: Trendlyne.

Loans & Charges

Charge holderAmountDetails
Sanctioned bank facilities per Tofler charge data~₹120.8 Cr: CitiBank N
Kotak Mahindra₹15.0 CrHDFC Bank ₹15
ICICI Bank₹14.8 Cr
  • Reported total borrowings Nil, Tofler standalone.
  • Source: Tofler., Partial — MCA charge register not independently confirmed; mca.gov.in/zaubacorp excluded per rules.

Credit Ratings

  • Not obtained. No CRISIL / ICRA / CARE / India Ratings rating for Physicswallah Limited located in available sources. As a largely debt-free, equity-funded (now listed) company, a public bank-loan/instrument rating may not exist. Status: none found.

Competitive Landscape

  • Unacademy, venture-backed edtech unicorn; test-prep + subscription
  • Allen Career Institute, premium offline JEE/NEET leader, ~large scale
  • Aakash Educational Services, offline+digital, owned by BYJU'S/Think & Learn
  • BYJU'S / Think & Learn, K-12, scaled-down but large
  • Vedantu, online live tutoring, mid-scale
  • Toppr, K-12, part of BYJU'S. PW differentiates on affordability/hybrid scale. Source: Inc42, Owler, CanvasBusinessModel.

Frequently Asked Questions

What does Physicswallah Limited do?

Physicswallah Limited is a Noida-headquartered edtech company, listed on NSE/BSE, that offers affordable online and offline competitive exam coaching. The company is known for offering coaching for exams like JEE, NEET, UPSC, and also provides K-12 foundation and upskilling courses through its hybrid model that includes YouTube-origin online courses and offline centers called 'PW Vidyapeeth' and 'PW Pathshala' across India.

When was Physicswallah Limited incorporated?

Physicswallah Limited was incorporated on 06 June 2020.

What is the Corporate Identity Number (CIN) of Physicswallah Limited?

The Corporate Identity Number (CIN) of Physicswallah Limited is U80900UP2020PLC129223.

What is the GSTIN of Physicswallah Limited's primary registration in Uttar Pradesh?

The primary GSTIN of Physicswallah Limited for Uttar Pradesh is 09AALCP1681Q1ZK. It is registered as an active and regular taxpayer since 29 July 2020.

Where is the registered office of Physicswallah Limited located?

The registered office of Physicswallah Limited is located at Plot No. B-8, Tower A, 101-119, Noida One, Sector 62, Gautam Buddha Nagar, Dadri, Uttar Pradesh, India, 201309.

Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.