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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.

CIN: U80900UP2020PLC129223ActiveRoC-Kanpur / Uttar Pradesh. Source: TheCompanyCheck, Tofler.Confidence: high

Last updated 6 September 2026

AI OverviewGenerated from public records

AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.

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Company Identity

Confirmed
Registered namePhysicswallah Limited
CINU80900UP2020PLC129223
PANAALCP1681Q. 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
Incorporated06 June 2020. Source: TheCompanyCheck, Tofler, Falconebiz.
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
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
  • 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 vs ₹289.64 Cr. 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
  • Known for low-price positioning vs premium peers
  • Source: TheCompanyCheck, Inc42, Wikipedia

Directors & KMP

Confirmed
NameDINRoleAppointed
Alakh Pandey08755719Whole-time Director & CEO-
Prateek Boob07113666Whole-time Director-
Sandeep Singhal00040491Nominee Director-
Deepak Amitabh01061535Director-
Rachna Dikshit08759332Director-
Nitin Savara09398370Director-

GST Registrations

Confirmed
GSTINStatePANStatus
09AALCP1681Q1ZKUttar PradeshAALCP1681Q. Source: Tofler; corroborated by GSTIN structure (09AALCP1681Q1ZK) on KnowYourGST/MastersIndia.Active
07AALCP1681Q1ZODelhiAALCP1681Q. 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

Confirmed

CONSOLIDATED 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: 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

In the News

Confirmed

  • Physicswallah shares jump 9% as Motilal Oswal sees 66% upside

    Business Today · 13 days ago

  • Physicswallah shares jump 9% as Motilal Oswal sees 66% upside

    Business Today · 13 days ago

  • PhysicsWallah Stock Rallies 5% After Block Deal, Motilal Oswal Sets ₹200 Target

    outlookbusiness.com · 13 days ago

  • PhysicsWallah share: Buy for 66% upside? Check Motilal Oswal's outlook

    Zee Business · 13 days ago

  • Physicswallah shares rise nearly 7% post block deal, MOFSL's bullish view

    Business Standard · 13 days ago

Headlines about Physicswallah Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 10 days ago.

Source: Google News aggregated headlines

Shareholding

Confirmed
  • Post-listing (Jun 2026 qtr, Trendlyne): Promoter 71.27% — Alakh Pandey 35.64% (1,033,768,808 sh) and Prateek Boob 35.64% (1,033,768,808 sh)
  • FII/FPI 12.01%
  • DII 13.1% (Mutual Funds 5.64%, Insurance 0.61%)
  • Public 3.6%
  • 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

Charges / Loans

Partial / conflicting
  • Reported total borrowings Nil
  • 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

Competitors

Confirmed
Unacademy
venture-backed edtech unicorn
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

Frequently Asked Questions

What does Physicswallah Limited do?
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.
What is the CIN of Physicswallah Limited?
The Corporate Identification Number (CIN) of Physicswallah Limited is U80900UP2020PLC129223.
Where is Physicswallah Limited registered?
Physicswallah Limited is registered with RoC-Kanpur / Uttar Pradesh. Source: TheCompanyCheck, Tofler. Registered address: Plot No. B-8, Tower A, 101-119, Noida One, Sector 62, Gautam Buddha Nagar, Dadri, Uttar Pradesh, India, 201309.
When was Physicswallah Limited incorporated?
Physicswallah Limited was incorporated on 06 June 2020. Source: TheCompanyCheck, Tofler, Falconebiz (via CompanyCheck).

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Disclaimer: Company information shown on this page is compiled from public records and third-party sources. It may be incomplete, outdated, or contain inaccuracies, and is provided for general informational purposes only. Please verify details independently before relying on them.