Veranda Learning Solutions announced through a regulatory filing that its subsidiary J.K. Shah Classes has entered into a strategic partnership with Jaro Education to expand online commerce education delivery across India. The collaboration, disclosed to stock exchanges on December 17, 2025, aims to scale structured and outcome-driven commerce education, particularly targeting Tier 2 and Tier 3 cities through enhanced digital infrastructure.

Partnership Framework and Strategic Objectives

The exclusive partnership combines J.K. Shah Classes' four-decade legacy in commerce education with Jaro Education's technology-enabled learning infrastructure. Under this arrangement, Jaro Education will support the digital delivery and selective scale-up of J.K. Shah Classes' commerce programmes by providing technology infrastructure and learner support services. This collaboration addresses India's growing demand for qualified commerce professionals, with the President of the Institute of Chartered Accountants of India (ICAI), Mr. Charanjot Singh Nanda, projecting that the country will require nearly 50 lakh (5 million) Chartered Accountants by 2050.

Veranda's Commerce Education Consolidation Strategy

As part of its Veranda 2.0 strategy, Veranda Learning has consolidated its commerce vertical under the newly created entity, J.K. Shah Commerce Education. This integration encompasses multiple brands including J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Management, and Logic School of Management. The company is currently in the process of obtaining stock exchange approvals for the demerger, aiming to create a focused, debt-free platform for the high-growth commerce education segment within 7-12 months.

Company Capabilities and Market Position

J.K. Shah Classes operates as a category leader in coaching for professional commerce certifications including CA, CS, CMA, CFA, and ACCA, educating over 50,000 students annually across 111 centres. The institution's academic impact is reflected in 2,072 CA rankers and 245 CS rankers, supported by an alumni network comprising senior corporate leaders, entrepreneurs, and contributors to national governance.

Founded in 2009, Jaro Education has established partnerships with more than 36 premier Indian and global institutions over 16 years, including 7 IIMs, 7 IITs, top NIRF-ranked universities, and Ivy League Universities. The company delivers accredited degree and professional programs through an integrated online and hybrid framework, maintaining a portfolio of over 268 programs and supporting more than 350,000 learners.

Leadership Vision and Market Alignment

Dr. Sanjay Salunkhe, Founder CMD of Jaro Education, emphasised the partnership's alignment with national economic goals: "Commerce stands as a cornerstone of economic vitality and national progress. This collaboration with J.K. Shah Classes strengthens India's commerce education ecosystem by combining deep academic excellence with scalable, technology-enabled reach. In harmony with NEP 2020 goals, we will broaden opportunity, elevate the Gross Enrolment Ratio, and cultivate a robust pipeline of commerce leaders."

Prof J.K. Shah, founder of J.K. Shah Classes, highlighted the institution's commitment to quality outcomes: "Our academic journey spans more than 40 years, and our focus has always been on outcomes that stand the test of time. Through this partnership with Jaro Education, we are translating our classroom-led academic depth into structured high-quality online delivery while remaining true to our academic values and professional standards."

Jaro Institute of Technology Management and Research Limited (NSE: JARO) has reported a robust performance in Q2, with significant growth in revenue and profitability. The company has also made strides in expanding its academic collaborations and implementing innovative technological solutions.

Financial Highlights

Jaro Education demonstrated strong financial performance in Q2:

For H1, the company reported:

Operational Highlights and Strategic Initiatives

Technology and AI Integration

• Implemented an AI-driven bot system to enhance lead generation and conversion
• Developing a voice-based AI tool to support counsellors in conversions
• Introduced an Agentic AI System for automated lead filtration and counsellor scheduling
• Implemented personalized adaptive learning journeys for enhanced student engagement

Expansion and Partnerships

• Opened new branches in Kolkata, Indore, and Nagpur
• Established academic collaborations with prestigious institutions including IIT Bombay and Delhi Technological University
• Launched premium programs such as IIM Mumbai Executive MBA and IIT Delhi PG Diploma in Electric Vehicle Technology
• Formed corporate partnerships with organizations having a collective employee strength of 7 lakh, including HDFC Bank and HCL Technology

New Verticals and Partnerships

• Launched CollegeConnect, partnering with IIT Roorkee for skill-based programs
• Introduced SchoolConnect, collaborating with IIT Madras Pravartak for school-level programs
• Partnered with Jio to integrate learning content for Jio Set-Top Box users, enrolling over 652 learners

Performance Metrics

Future Outlook

Jaro Education plans to add 250-350 employees in H2 FY26 and projects approximately 30% growth in overall revenue and profitability during FY26. The company aims to continue its focus on delivering consistent and sustainable growth through academic partnerships, technological innovation, and brand development.

Dr. Sanjay Salunkhe, MD of Jaro Education, commented, "We remain focused on delivering consistent and sustainable growth through a strong combination of academic partnerships, technological innovation, and brand development. The investments made in AI systems, employee productivity, and marketing initiatives are already showing positive traction and are expected to yield stronger profitability in the coming quarters."

With its strategic initiatives and technological advancements, Jaro Education appears well-positioned to capitalize on the growing demand for quality education and upskilling programs in India.