Education Sector Company Signs MoU with NEMI Education to Offer IIT Indore Certified Courses in BFSI
Veranda Learning Solutions Limited has a market capitalization of Rs 1,558 crore.
Veranda Learning Solutions Limited has announced a significant collaboration through its subsidiary, Veranda RACE, with NEMI Education to offer an IIT Indore-certified Post Graduate Program in Banking, Financial Services, and Insurance (BFSI). This initiative aims to address the skill gap in the BFSI sector by equipping aspiring professionals with industry-relevant expertise. The program, designed by NEMI Education in partnership with IIT Indore's skilling wing, Drishti CPS, will be delivered online over four to six months, starting May 1, 2025.
It will feature a blend of academic rigor and practical insights, taught by esteemed faculty and experienced managers. Veranda RACE's extensive reach and expertise in BFSI training will ensure the program benefits a wide range of students. Mr. Akshay Bajpayee, CEO of NEMI Education, expressed excitement about the partnership, highlighting the goal of creating industry-ready talent. Mr. Santhosh Kumar, CEO of Veranda RACE, emphasized their commitment to providing high-quality skilling opportunities that empower learners to achieve their career goals. This collaboration is set to redefine BFSI skilling in India by integrating academic excellence with practical learning.
Veranda Learning Solutions Ltd, established in 2018, is part of the Kalpathi AGS Group and operates an integrated online-to-offline (O2O) EdTech platform. The company offers a diverse range of learning programs for competitive and professional exams, including the State Public Service Commission, Banking, Insurance, Railways, IAS, and CA. With a presence in over 15 states and more than 200 coaching centres, Veranda Learning Solutions has a significant reach, attracting approximately 5 million monthly website visitors and a YouTube subscriber base of around 4 million.
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The company provides education technology solutions through various formats, including online, offline hybrid and offline blended learning. Its revenue primarily comes from comprehensive learning programs, accounting for 92 per cent of its income. Veranda Learning Solutions has expanded its offerings through strategic partnerships, such as with J. K. Shah Classes for Chartered Accountancy courses and collaborations with international institutions like the University of Technology Sydney. The company is committed to delivering personalized learning experiences and driving student success through advanced technology and innovative methodologies.
Veranda Learning Solutions Limited has a market capitalization of Rs 1,558 crore. The 1-Year Return stands at 4.96 per cent. Major public shareholders include Authum Investment and Infrastructure Limited with 3.62 per cent, Amrit Ramana Prasad with 2.80 per cent, Ramana Prasad A S with 2.79 per cent, Prabhu with 2.23 per cent, and Ujwal Kumar Pagariya with 1.46 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.