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Utkarsh Gupta: Shaping Tomorrow’s Leaders through Innovative Education

VCCircleVCCircle · 1y ago
Utkarsh Gupta: Shaping Tomorrow’s Leaders through Innovative Education
Medial

Utkarsh Gupta, the Managing Director of Ramagya Schools, is leading the charge in transforming traditional education. With a focus on innovation, Gupta is shaping tomorrow's leaders by going beyond imparting knowledge and fostering adaptable and creative minds. The core values of Ramagya Schools, "roots" and "wings," embody Gupta's commitment to dynamic and innovative education. Under his leadership, the institution has grown to four branches serving over 30,000 students and has become a center of excellence. Gupta's vision extends beyond education, with the Ramagya Foundation positively impacting thousands of lives through education, women empowerment, healthcare, and animal welfare initiatives.

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PhysicsWallah raises stake in Utkarsh Classes to 75.5%

EntrackrEntrackr · 18d ago
PhysicsWallah raises stake in Utkarsh Classes to 75.5%
Medial

PhysicsWallah raises stake in Utkarsh Classes to 75.5% In a regulatory disclosure on Monday, PhysicsWallah said its audit committee cleared the acquisition of 25,599 equity shares from existing shareholders. Edtech firm PhysicsWallah has approved the third tranche of its investment in subsidiary Utkarsh Classes & Edutech Private Limited, taking its stake to 75.50%. The transaction will raise PhysicsWallah’s holding from 63.25% to 75.50%. The two firms have been operating under a long-term strategic joint venture since early 2023. The acquisition is part of a multi-tranche Share Acquisition Terms Agreement (SATA) signed in February 2023, under which PhysicsWallah plans to acquire up to 100% ownership in Utkarsh Classes. The third tranche will be completed through a cash payment of Rs 26.50 crore. This includes the purchase of shares with a face value of Rs 10 each, acquired at a premium of Rs 10,342 per share. Founded in November 2018, Utkarsh Classes operates in the education segment, running coaching centres and offering educational content and course materials. The company reported a turnover of Rs 168.96 crore in FY25, Rs 146.97 crore in FY24, and Rs 158.92 crore in FY23. PhysicsWallah expects to complete the acquisition of the remaining stake by March 2028. The development comes soon after PhysicsWallah public listing. The firm listed at Rs 145 on the stock exchanges, a premium of around 33% over the IPO price. The company raised about Rs 3,480 crore through the public issue, which included a fresh issue and an offer for sale.

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