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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Physicswallah Limited |
|---|---|
| CIN | U80900UP2020PLC129223 |
| PAN | AALCP1681Q. Source: Tofler; corroborated by GSTIN structure (09AALCP1681Q1ZK) on KnowYourGST/MastersIndia. |
| Status | Active — Listed Public Limited Company (converted from Private Limited ahead of Nov 2025 IPO). Source: TheCompanyCheck, Tofler, Business Standard. |
| Listing | 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. |
| Incorporated | 06 June 2020. Source: TheCompanyCheck, Tofler, Falconebiz (via CompanyCheck). |
| ROC | RoC-Kanpur / Uttar Pradesh. Source: TheCompanyCheck, Tofler. |
| Sector (NIC) | 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.) |
| Registered address | Plot No. B-8, Tower A, 101-119, Noida One, Sector 62, Gautam Buddha Nagar, Dadri, Uttar Pradesh, India, 201309. Source: TheCompanyCheck, Tofler (2 sources agree). NOTE: UP GSTIN record lists an older/variant address (Allahabad/Noida One) — GST records lag. |
| Authorized capital | ₹1,012 Cr. Source: TheCompanyCheck, Tofler (agree). |
| Paid-up capital | ₹257.5 Cr (Tofler, pre-IPO) vs ₹289.64 Cr (TheCompanyCheck, post-fresh-issue). CONFLICT — increase consistent with IPO fresh issue of 28.44 Cr shares in Nov 2025. Post-IPO figure (~₹289.6 Cr) is the more current. Source: Tofler, TheCompanyCheck. |
Business Overview
Confirmed- 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
Directors & KMP
Confirmed| Name | DIN | Role | Appointed |
|---|---|---|---|
| Alakh Pandey | 08755719 | Whole-Time Director/CEO, DIN 08755719 | - |
| Prateek Boob | 07113666 | Whole-Time Director, DIN 07113666 (publicly known as co-founder "Prateek Maheshwari" | - |
| Sandeep Singhal | 00040491 | Nominee Director, DIN 00040491 | - |
| Deepak Amitabh | 01061535 | Director, DIN 01061535 | - |
| Rachna Dikshit | 08759332 | Director, DIN 08759332 | - |
| Nitin Savara | 09398370 | Director, DIN 09398370. KMPs: Amit Sachdeva CFO, Ajinkya Rajendra Jain Company Secretary. Source: TheCompanyCheck DINs, Tofler officers, Trendlyne promoter identity. | - |
GST Registrations
Confirmed| GSTIN | State | PAN | Status |
|---|---|---|---|
| 09AALCP1681Q1ZK | Uttar Pradesh | AALCP1681Q. Source: Tofler; corroborated by GSTIN structure (09AALCP1681Q1ZK) on KnowYourGST/MastersIndia. | Active |
| 07AALCP1681Q1ZO | Delhi | AALCP1681Q. Source: Tofler; corroborated by GSTIN structure (09AALCP1681Q1ZK) on KnowYourGST/MastersIndia. | - |
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
ConfirmedCONSOLIDATED FY2024-25 (audited, reported): Operating 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/E 0.0. Source: Tofler. Standalone vs consolidated clearly differ (subsidiaries add ~₹390 Cr revenue and larger loss); both reported above.
Funding & IPO
Confirmed- 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
Charges / Loans
Partial / conflicting- Reported total borrowings Nil (Tofler standalone)
- Sanctioned bank facilities per Tofler charge data ~₹120.8 Cr: CitiBank N.A
- ₹60.0 Cr, SBI ₹16.0 Cr, Kotak Mahindra ₹15.0 Cr, HDFC Bank ₹15.0 Cr, ICICI Bank ₹14.8 Cr. Source: Tofler
- (Partial — MCA charge register not independently confirmed
- mca.gov.in/zaubacorp excluded per rules.)
Legal Proceedings
Partial / conflicting- Delhi High Court matters (Indian Kanoon): (1) Physicswallah Limited vs Nikhil Kumar Singh & Ors — CS(COMM) 70/2026 (Justice Jyoti Singh), 2026
- (2) Physicswallah Private Limited vs Vivek Thakur (t/a Scholars Den) — COMM 1074/2024, multiple hearings 2025-26 (commercial/IP dispute, PW as plaintiff)
- (3) Akash Katyal & Anr vs Physicswallah Ltd & Anr — Delhi HC, 2026
- Predominantly commercial / trademark-IP enforcement suits, mostly with PW as plaintiff
- Source: Indian Kanoon
Competitors
Confirmed- 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
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