Veranda Learning Solutions ' subsidiary Veranda RACE has achieved two significant milestones, crossing ₹100 crore in revenue while surpassing 5 lakh cumulative student enrolments since its inception in 2012. The government exam coaching institution, which operates across South India, recorded its highest-ever annual intake of 50,000 students, reflecting growing demand for structured preparation for competitive government examinations.

Student Enrolment Distribution

Veranda RACE's student base spans multiple learning formats, demonstrating the institution's comprehensive approach to exam preparation.

The institution has trained over 5,00,000 aspirants over fourteen years, while its digital initiatives extend reach through YouTube channels serving more than 2 million subscribers with free exam preparation content.

Financial Performance and Growth

Veranda RACE's revenue trajectory demonstrates substantial growth over recent years. The institution has more than doubled its revenue from ₹51 crore in FY 2022-23 to ₹100 crore within three years. This growth has been driven by expansion of classroom networks, scale-up of online learning programmes, increasing adoption of residential coaching formats, and strategic institutional partnerships.

Student Success Outcomes

The institution's focus on outcomes-driven learning is reflected in examination results, with 2754 Veranda RACE students clearing government examinations across multiple categories.

Victory Lap Celebration

To celebrate successful candidates, Veranda RACE will conduct its annual Victory Lap, featuring Success Meets across 15 cities and towns. The tour will cover Chennai, Madurai, Coimbatore, Trichy, Salem, Tirunelveli, Vellore and Dindigul in Tamil Nadu; Thiruvananthapuram, Kochi and Kozhikode in Kerala; and Bengaluru, Mysore and Dharwad in Karnataka.

Management Commentary

Bharath Seeman, Founder of Veranda RACE and CEO of Veranda IAS, emphasized the impact beyond financial metrics: "Over the past fourteen years, more than five lakh students have placed their trust in us, and this year alone 2754 of them realised their dream of securing a government position. Crossing ₹100 crore in revenue is a meaningful milestone, but what truly matters is the impact behind these numbers."

Santhosh Kumar, Chief Executive Officer of Veranda RACE, highlighted future expansion plans: "Our focus now is on strengthening our presence across Kerala and Karnataka, expanding the Practice Village residential programme, and continuing to enhance the quality and reach of our online learning experience."

Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, noted that the milestone reflects outcome-driven education strength, stating that the real impact lies in government job selections that improve economic mobility for families.

Veranda Learning Solutions Limited's promoters have created an additional pledge over equity shares as security for the company's financial facilities. The disclosure was made under SEBI takeover regulations on March 16, 2026.

Pledge Creation Details

The three promoters - Kalpathi S. Aghoram, Kalpathi S. Ganesh, and Kalpathi S. Suresh - have pledged a total of 6.00 lakh equity shares on March 11, 2026. Each promoter contributed equally to this pledge arrangement.

Security Arrangement

The shares have been pledged in favor of SBI Cap Trustee Company Limited, which is acting as the security trustee on behalf of City Union Bank Limited. This arrangement serves as security for financial facilities availed by Veranda Learning Solutions Limited.

Updated Promoter Holdings

Following this pledge creation, the promoters' shareholding structure has been updated. The total promoter holding in the company stands at 3,18,69,650 shares, representing 33.29% of the total share capital.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. Prior to this transaction, the promoters had already pledged 69.00 lakh shares, representing 7.20% of the total share capital.