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.
Last updated 6 September 2026
Physicswallah Limited, a Noida-headquartered edtech company, provides affordable online and offline coaching for competitive exams. For FY25, the company reported a consolidated income of ₹3,039 Cr with a narrowed net loss of ₹243 Cr. It went public in November 2025, raising ₹3,480 Cr through its IPO.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Physicswallah Limited |
|---|---|
| CIN | U80900UP2020PLC129223 |
| PAN | AALCP1681Q. Source: Tofler; corroborated by GSTIN structure (09AALCP1681Q1ZK) on KnowYourGST/MastersIndia. |
| Status |
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| Listing |
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| Incorporated | 06 June 2020. Source: TheCompanyCheck, Tofler, Falconebiz. |
| ROC |
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| Sector (NIC) |
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| Registered address |
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| Authorized capital | ₹1,012 Cr. Source: TheCompanyCheck, Tofler (agree). |
| Paid-up capital |
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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
- Known for low-price positioning vs premium peers
- Source: TheCompanyCheck, Inc42, Wikipedia
Directors & KMP
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Alakh Pandey | 08755719 | Whole-time Director & CEO | - |
| Prateek Boob | 07113666 | Whole-time Director | - |
| Sandeep Singhal | 00040491 | Nominee Director | - |
| Deepak Amitabh | 01061535 | Director | - |
| Rachna Dikshit | 08759332 | Director | - |
| Nitin Savara | 09398370 | Director | - |
GST Registrations
| 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
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
- 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
Physicswallah shares jump 9% as Motilal Oswal sees 66% upside
Business Today · 2 months ago
Physicswallah shares jump 9% as Motilal Oswal sees 66% upside
Business Today · 2 months ago
PhysicsWallah Stock Rallies 5% After Block Deal, Motilal Oswal Sets ₹200 Target
outlookbusiness.com · 2 months ago
PhysicsWallah share: Buy for 66% upside? Check Motilal Oswal's outlook
Zee Business · 2 months ago
Physicswallah shares rise nearly 7% post block deal, MOFSL's bullish view
Business Standard · 2 months ago
Headlines about Physicswallah Limited reported by third-party publications. Recur Club does not author or endorse this coverage. Last checked 9/6/2026.
Source: Google News aggregated headlines
Charges / Loans
- 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
Legal Proceedings
- 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
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