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About the Company:
The firm is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively “Students”) professionals and corporate employees (“Learners”) enrolled with our courses through the multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses.
The firm also provides comprehensive long-term and short-term preparatory courses simply and lucidly for Students preparing for UPSC Exams, State Public Service Commission, Staff Selection Commission, Banking, Insurance, Railways, and Chartered Accountancy. It also provides customized short-term skilling courses, long-term courses, and other corporate courses to our Learners. The veranda is also into delivering courses to employees of corporates through its B2B offerings.
The firm provides the services through online, offline hybrid, and offline blended learning models. The firm focuses on delivering specific courses in regional languages to better reach out to Students of Tier 2 and 3 cities and rural areas.
Outstanding Litigation:
| S.No. | 1 - Company | 2 - Directors | 3 - Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | 1 | 1 | - | - |
| Material civil cases | - | - | 1 | 1 | 1 | - |
| Taxation matters | - | - | - | - | - | - |
| Regulatory Procedings | - | - | - | - | - | - |
Financial Statements:
| Income Statement (In million) | June,2021 | FY21 | |
| Gross Operating Income | 48.68 | 25.45 | |
| Cost of Employee & Inventory | 31.17 | 32.05 | |
| Other Expenses | 94.38 | 101.72 | |
| EBITDA | -45.7 | -76.27 | |
| Depreciation | 5.51 | 6.34 | |
| Interest | 0.29 | 0.26 | |
| Loss Before Tax | -51.5 | -82.87 | |
| Tax | -0.13 | -0.08 | |
| Loss After Tax | -51.37 | -82.79 | |
Mr. Kalpathi S. Aghoram, Mr. Kalpathi S. Ganesh, And Mr. Kalpathi S. Suresh
No Listed Peer
Proceeds from the sale of shares worth Rs200 crores will be utilized for: • Repayment or pre-payment, in part or full of all or certain of our borrowings • Retirement of acquisition consideration of Edureka • Growth initiatives
