Veranda RACE Achieves ₹100 Crore Revenue and 5 Lakh Enrolments
Filing Summary
Veranda RACE, a division of Veranda Learning Solutions Ltd, has reported crossing ₹100 crore in revenue and achieving over 5 lakh cumulative student enrolments since its inception in 2012. The institution enrolled approximately 50,000 students in the past year, with significant participation in both offline and online formats. Veranda RACE operates over 40 branches across Tamil Nadu, Kerala, and Karnataka. The company has also seen 2754 students clear government exams this year. These developments are part of Veranda’s strategy to expand its educational offerings and enhance its market presence.
Veranda RACE, part of Veranda Learning Solutions Ltd, has announced that it has surpassed ₹100 crore in revenue and over 5 lakh cumulative student enrolments since its establishment in 2012. The institution reported its highest-ever annual intake of 50,000 students, reflecting increased demand for government exam preparation in South India. This announcement was made in a press release submitted to the BSE on March 24, 2026.
The financial performance of Veranda RACE highlights a significant growth trajectory. The institution’s revenue has more than doubled from ₹51 crore in the fiscal year 2022-23. This growth is attributed to the expansion of its classroom network and the scaling of its online learning programs. The revenue figures mentioned are based on unaudited internal management accounts and pertain to the sale of services. These figures are subject to audit by statutory auditors and will be detailed further upon approval of the quarterly and annual results for the period ending March 31, 2026.
Veranda RACE offers a range of educational services, including offline classroom centers, live online programs, and the Practice Village residential coaching program. The institution operates over 40 branches in Tamil Nadu, Kerala, and Karnataka. Approximately 37,000 students enrolled through offline centers, while 12,000 joined online programs. The Practice Village program attracted nearly 1,000 students. Veranda RACE’s digital initiatives include YouTube channels with over 2 million subscribers, providing free exam preparation content.
The institution’s growth is driven by expanding its classroom network, scaling online learning programs, and increasing adoption of the Practice Village format. Veranda RACE has trained over 5 lakh aspirants in the past fourteen years. This year, 2754 students cleared government exams in categories such as Banking, SSC, Railways, TNPSC, Kerala PSC, and TNTET. The institution plans to conduct its annual Victory Lap, a series of Success Meets across 15 cities and towns in Tamil Nadu, Kerala, and Karnataka to celebrate these achievements.
The press release notes that the metrics provided are historical and for informational purposes only. It includes forward-looking statements about the company’s plans and strategies, which are subject to risks and uncertainties. Investors are advised to exercise caution when making investment decisions based on this information.
Veranda Learning Solutions Ltd, established in 2018 by the Kalpathi AGS Group, is a publicly listed education company. It focuses on schools, colleges, test preparation, study abroad, and software upskilling. The company integrates advanced technology and innovative methodologies to offer personalized learning experiences. Veranda is committed to driving student success and academic excellence through a multi-modal delivery system supported by a comprehensive learning framework.