- Valuation
- ₹31,060 Cr
- 1-year change
- +31%
About Physics Wallah
Physics Wallah is a publicly listed company based in Noida (India) founded in 2016 by Alakh Pandey and Prateek Maheshwari. Online educational resources and test preparation for exams are provided. Physics Wallah has raised $275 million across 2 funding rounds from investors including Lightspeed Venture Partners, WestBridge Capital and Hornbill Capital. The company has 15,046 employees. Physics Wallah has completed 9 acquisitions, including Altis Vortex, Freeco and Knowledge Planet. Physics Wallah was last valued at $3.7 billion in February 2025. Its chief executive, as recorded, is Alakh Pandey. Its website pw.live draws about 81.3 million monthly visits. Its Indian entity Physicswallah Limited reported revenue of βΉ4,131 Cr. Physics Wallah offers products and services including PW App, Online Courses, and Test Series. Its focus areas include EdTech, Test Preparation Tech, Digital Learning and Diversified. Its competitors include Vedantu, Meritnation and Oda Class; 3 of its 3 listed competitors have raised funding.
Company details
Physics Wallah was founded in 2016 in Noida, India, within the edtech sector. Online resources for education and exam preparation are delivered, including live courses, recorded classes, and study materials targeted at competitive and government exams. Support is extended to school-level preparation, undergraduate and postgraduate entrance tests, and professional upskilling. Test series, doubt-resolution sessions, and offline centers are operated across India for student access.
Physics Wallah is ranked #200 among India's most valuable companies (2025).
Recognitions & Rankings of Physics Wallah
- Headquarters Noida, India
- Employees 15,046
- Founders Alakh Pandey, Prateek Maheshwari
- Stage Public
- SectorsEducation
- Website category Science and Education · Education
- Emailβ’β’β’β’β’β’β’β’
- Phoneβ’β’β’β’ β’β’β’β’
- Website pw.live
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Physicswallah Ltd
- Market Cap₹37,830 Cr
PWL · NSE
- Share Price₹126.65
-2.62% today
- Revenue₹3,900 Cr
FY 2025-26 · +35.1% YoY
- EBITDA₹317 Cr
Margin 8.1%
- Net Profit−₹11.67 Cr
FY 2025-26 · +86.1% YoY
- P/E (TTM)251.9x
P/B 8.1x
- Debt / Equity0.34
Interest cover -84.9x
- Total Equity Funding$275M (USD)
in 2 rounds
- Latest Funding Round$210M (USD), Series B
Sep 2024
- InvestorsLightspeed Venture Partners
& 7 more
- Employee Count15,046
- Investments & AcquisitionsAltis Vortex
& 8 more
Associated legal entities of Physics Wallah
Physics Wallah operates through Physicswallah Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Physicswallah Limited Listed CIN U80900UP2020PLC129223 | Active | 06 Jun 2020 | Dadri, Uttar Pradesh | ₹4,131 Cr | 13,477 | 9 | View details |
Products & Services of Physics Wallah
Physics Wallah offers a comprehensive portfolio of products and services, including PW App, Online Courses, and Test Series.
App for accessing live classes and study materials
Courses for JEE, NEET, and school subjects
Practice tests for competitive exams and boards
Apps and channels of Physics Wallah
Physics Wallah publishes 2 mobile apps with over 10M+ downloads; its YouTube channel PW English Medium has 668K subscribers and 30 videos.
Videos from Physics Wallah
The most watched videos on Physics Wallah's YouTube channel, PW English Medium (668K subscribers). Click a video to play it here.
More on PW English Medium.
Funding Insights of Physics Wallah
Physics Wallah has successfully raised a total of $275M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $210 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $275M
- Total Rounds 2
- Last Round Series B β $210M
- First Round $101.77M
(Jun 2022)
- Investors Count 8
All 2 funding rounds of Physics Wallah with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $210M | Series B | β | Hornbill Capital | |
| Jun 2022 | $101.77M | Series A | $1.09B | WestBridge Capital |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2022 | $1.09B | β’β’β’β’β’β’β’β’ |
Last known valuation $3.7B (Feb 2025). 8 investors in total: 8 institutional.
Investors in Physics Wallah
Physics Wallah has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, WestBridge Capital and Hornbill Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Ed-tech startups are funded by GSV Ventures through venture capital. | gsv.ventures | San Francisco, United States | ||
Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology. | 2000 | westbridgecap.com | Quatre Bornes, Mauritius | |
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners. | 1997 | lsvp.com | Menlo Park, United States | |
Venture capital is provided to multiple sectors by MMPL Trust. | Bengaluru, India | |||
Early-stage investments are targeted by Konark Trust venture capital firm. | Bengaluru, India | |||
Private debt and equity funds are managed for technology sectors. | trifectacapital.in | Gurugram, India | ||
Advises offshore fund managers on equity investments in India and technology sectors. | 2014 | hornbillcap.com | Mumbai, India | |
Investor details for Physics Wallah
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Physicswallah Limited (Physics Wallah)
Physicswallah Limited is the primary company behind Physics Wallah. The board of Physicswallah Limited currently have 6 directors; the longest-serving is Alakh Pandey, appointed in 2020. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alakh Pandey DIN 08755719 | Whole-time director | 06 Jun 2020 | 6 yrs 5 mo | Physicswallah Limited |
| Prateek Boob DIN 07113666 | Whole-time director | 01 Jul 2020 | 6 yrs 4 mo | Physicswallah Limited |
| Deepak Amitabh DIN 01061535 | Director | 12 Feb 2025 | 1 yr 8 mo | Physicswallah Limited |
| Rachna Dikshit DIN 08759332 | Director | 12 Feb 2025 | 1 yr 8 mo | Physicswallah Limited |
| Nitin Savara DIN 09398370 | Director | 12 Feb 2025 | 1 yr 8 mo | Physicswallah Limited |
| Sandeep Singhal DIN 00040491 | Nominee Director | 01 Mar 2025 | 1 yr 8 mo | Physicswallah Limited |
People of Physics Wallah
422 people are tracked at Physics Wallah (100 in leadership, 322 in team); the tracked headcount is 15,046.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
Prateek Maheshwari | Co-Founder | Leadership |
Atul kumar | CO-CEO | Leadership |
Nomendra Rajput | General Manager | Leadership |
Arjit Prakash | Business Head | Leadership |
Manan Jain | General Manager | Leadership |
Maroof Ali | Human Resources Business Partner | Leadership |
Amrit Raj | Head Of New Business | Leadership |
Vikash Rai | Human Resource Business Partner | Leadership |
Sanjay Kumar Sharma | Regional Head - Academic Excellence | Leadership |
Tanya S. | Regional Human Resources Business Partner | Leadership |
Harshita Singh | Associate Director Human Resources | Leadership |
Chethan M | Associate General Manager | Leadership |
Shubham Jain | JEE Faculty Cum Academic Head | Leadership |
Devesh Mishra | Chief Technology Officer | Leadership |
Akshay Jain | Head - Projects & Expansion (offline Centers) | Leadership |
Ajay Soni | Business Head | Leadership |
Vivek Singh | Head- Academics And Business Transformation | Leadership |
Rohit Sinha | Director Of Business Operations | Leadership |
Shibu Shrivastva | Director Of Engineering | Leadership |
402 more people are available in the full profile.
Complete people profiles for Physics Wallah
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Physics Wallah
Physics Wallah is a publicly listed company on the NSE with ticker symbol PWL in India, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date18 Nov 2025
- Listed onBSE: 544609 · NSE: PWL
- Listed entityPHYSICSWALLAH LTD
- Exchange sectorTechnology services
- ISININE0LP301011
- Share price₹138.98 (+0.05% on the day) · 2026-10-14
- Market capitalisation₹40,292 Cr
- Price to earnings1,804.9
- EPS (diluted, trailing year)₹0.08
- Volume (last session)1,547,459
Financials of Physics Wallah
Exchange-reported figures of Physicswallah Limited, the listed company behind Physics Wallah (NSE: PWL).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 3,900 | 2,887 | 1,940 | 744 | 233 |
| Revenue growth | +35.1% | +48.8% | +160.7% | +219.4% | - |
| EBITDA | 317 | 40.75 | (975) | (21.85) | 134 |
| EBITDA margin | +8.1% | +1.4% | -50.3% | -2.9% | +57.4% |
| Profit before tax | 9.92 | (259) | (1,193) | (89.47) | 132 |
| Net profit | (11.67) | (84.09) | (1,135) | (86.14) | 98.22 |
| Net profit margin | -0.3% | -2.9% | -58.5% | -11.6% | +42.2% |
| EPS (βΉ) | (0.08) | (0.99) | (173.43) | (13.57) | 16.37 |
| Balance sheet | |||||
| Total assets | 6,025 | 2,889 | 1,435 | 1,599 | 107 |
| Net worth | 4,520 | 1,525 | 368 | 676 | 106 |
| Total debt | 1,052 | 997 | 72.72 | 97.93 | 0.00 |
| Cash & bank | 1,126 | 175 | 78.96 | 530 | 41.45 |
| Net working capital | 1,538 | (372) | (478) | 125 | (10.65) |
| Cash flow | |||||
| Cash from operations | 833 | 507 | 212 | 270 | 58.96 |
| Cash from investing | (3,282) | (1,513) | (42.92) | (1,076) | (58.23) |
| Cash from financing | 2,755 | 1,007 | (165) | 848 | 0.00 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,242 | 1,054 | 919 | 1,082 | 1,051 | 847 | 610 | 832 |
| Revenue growth (YoY) | +18.2% | +24.4% | +50.7% | - | +26.3% | +33.4% | - | - |
| Other income | 92.43 | 109 | 64.84 | 64.67 | 47.18 | 55.08 | 57.20 | 30.61 |
| EBITDA | 276 | (57.01) | (0.23) | 213 | 181 | (76.30) | (261) | 134 |
| EBITDA margin | +22.2% | -5.4% | -0.0% | +19.7% | +17.2% | -9.0% | -42.9% | +16.1% |
| Depreciation | 113 | 111 | 122 | 113 | 105 | 97.63 | 97.87 | 89.01 |
| Interest | 26.02 | 25.50 | 23.29 | 20.66 | 24.76 | 33.18 | 27.69 | 13.32 |
| Profit before tax | 229 | (84.32) | (80.56) | 144 | 98.87 | (152) | (330) | 62.35 |
| Tax | 66.86 | 3.96 | (11.42) | 41.38 | 29.15 | (25.02) | (40.41) | 21.25 |
| Net profit | 162 | (88.28) | (69.14) | 102 | 69.72 | (127) | (289) | 41.10 |
| EPS (βΉ) | 0.48 | (0.27) | (0.26) | 0.36 | 0.27 | (0.46) | (1.17) | 0.18 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 3,245 | 2,334 | 1,536 | 735 | 232 | 24.59 |
| Revenue growth | +39.0% | +51.9% | +109.1% | +216.1% | +845.4% | - |
| EBITDA | 163 | 31.74 | (939) | (9.62) | 133 | 9.36 |
| EBITDA margin | +5.0% | +1.4% | -61.1% | -1.3% | +57.2% | +38.1% |
| Profit before tax | (15.77) | (150) | (1,131) | (81.07) | 131 | 9.26 |
| Net profit | 15.53 | (163) | (1,031) | (76.79) | 97.78 | 6.93 |
| Net profit margin | +0.5% | -7.0% | -67.1% | -10.5% | +42.1% | +28.2% |
| EPS (βΉ) | (0.15) | (0.62) | (178.50) | (12.80) | 16.29 | 8,311.20 |
| Balance sheet | ||||||
| Total assets | 6,316 | 3,088 | 1,615 | 1,432 | 105 | 6.94 |
| Net worth | 5,112 | 1,973 | 755 | 95.15 | 105 | 6.94 |
| Total debt | 985 | 913 | 774 | 956 | 0.00 | 0.00 |
| Cash & bank | 1,055 | 143 | 53.60 | 486 | 40.09 | 40.72 |
| Net working capital | 1,579 | (278) | (246) | 143 | (11.59) | 3.19 |
| Cash flow | ||||||
| Cash from operations | 821 | 473 | 295 | 267 | 57.09 | 44.60 |
| Cash from investing | (3,310) | (1,517) | (150) | (1,092) | (57.72) | (3.89) |
| Cash from financing | 2,776 | 1,039 | (148) | 850 | 0.00 | 0.01 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,106 | 928 | 736 | 919 | 896 | 694 | 464 | 695 |
| Revenue growth (YoY) | +23.5% | +33.7% | +58.5% | - | +29.0% | +40.1% | - | - |
| Other income | 93.39 | 108 | 67.56 | 69.60 | 50.77 | 63.40 | 59.97 | 31.80 |
| Total expenses | 915 | 951 | 837 | 745 | 724 | 776 | 782 | 543 |
| EBITDA | 191 | (23.03) | (101) | 174 | 172 | (81.62) | (317) | 151 |
| EBITDA margin | +17.3% | -2.5% | -13.7% | +18.9% | +19.2% | -11.8% | -68.4% | +21.8% |
| Depreciation | 88.57 | 84.55 | 91.86 | 87.25 | 81.34 | 76.73 | 70.56 | 66.44 |
| Interest | 23.09 | 22.89 | 21.17 | 18.32 | 22.71 | 30.93 | 26.53 | 10.98 |
| Profit before tax | 173 | (22.88) | (146) | 138 | 118 | (126) | (355) | 106 |
| Tax | 64.80 | 3.46 | (14.58) | 37.72 | 29.26 | (28.24) | (40.39) | 20.99 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,242 | 1,054 | 919 | 1,082 | 1,051 | 847 | 610 | 832 |
| Revenue growth (YoY) | +18.2% | +24.4% | +50.7% | - | +26.3% | +33.4% | - | - |
| Other income | 92.43 | 109 | 64.84 | 64.67 | 47.18 | 55.08 | 57.20 | 30.61 |
| EBITDA | 276 | (57.01) | (0.23) | 213 | 181 | (76.30) | (261) | 134 |
| EBITDA margin | +22.2% | -5.4% | -0.0% | +19.7% | +17.2% | -9.0% | -42.9% | +16.1% |
| Depreciation | 113 | 111 | 122 | 113 | 105 | 97.63 | 97.87 | 89.01 |
| Interest | 26.02 | 25.50 | 23.29 | 20.66 | 24.76 | 33.18 | 27.69 | 13.32 |
| Profit before tax | 229 | (84.32) | (80.56) | 144 | 98.87 | (152) | (330) | 62.35 |
| Tax | 66.86 | 3.96 | (11.42) | 41.38 | 29.15 | (25.02) | (40.41) | 21.25 |
| Net profit | 162 | (88.28) | (69.14) | 102 | 69.72 | (127) | (289) | 41.10 |
| EPS (βΉ) | 0.48 | (0.27) | (0.26) | 0.36 | 0.27 | (0.46) | (1.17) | 0.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 3,900 | 2,887 | 1,940 | 744 | 233 |
| Revenue growth | +35.1% | +48.8% | +160.7% | +219.4% | - |
| Other income | 232 | 152 | 146 | 28.22 | 1.67 |
| Total expenses | 3,582 | 2,846 | 2,916 | 766 | 99.21 |
| Employee cost | 0.00 | 1,401 | 1,159 | 413 | 42.35 |
| EBITDA | 317 | 40.75 | (975) | (21.85) | 134 |
| EBITDA margin | +8.1% | +1.4% | -50.3% | -2.9% | +57.4% |
| Depreciation | 437 | 366 | 298 | 75.12 | 3.52 |
| Interest | 102 | 85.32 | 65.05 | 20.72 | 0.38 |
| Profit before tax | 9.92 | (259) | (1,193) | (89.47) | 132 |
| Tax | 34.09 | (15.30) | (61.56) | (5.41) | 33.36 |
| Net profit | (11.67) | (84.09) | (1,135) | (86.14) | 98.22 |
| Net profit margin | -0.3% | -2.9% | -58.5% | -11.6% | +42.2% |
| EPS (βΉ) | (0.08) | (0.99) | (173.43) | (13.57) | 16.37 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 1,110 | 1,053 | 1,621 | 864 | 6.00 |
| Reserves & surplus | 3,411 | 472 | (1,253) | (189) | 100 |
| Shareholders' funds (net worth) | 4,520 | 1,525 | 368 | 676 | 106 |
| Minority interest | 50.37 | 28.96 | 74.25 | 132 | 0.00 |
| Secured loans | 10.50 | 0.33 | 72.34 | 97.93 | 0.00 |
| Unsecured loans | 1,042 | 996 | 0.38 | 0.00 | 0.00 |
| Total debt | 1,052 | 997 | 72.72 | 97.93 | 0.00 |
| Total liabilities | 6,025 | 2,889 | 1,435 | 1,599 | 107 |
| Assets | |||||
| Gross block | 2,717 | 2,366 | 1,889 | 1,198 | 30.96 |
| Net block | 1,830 | 1,586 | 1,464 | 1,121 | 27.30 |
| Capital work in progress | 8.00 | 9.32 | 0.32 | 5.23 | 5.61 |
| Investments | 2,426 | 1,401 | 173 | 205 | 24.22 |
| Inventories | 122 | 88.70 | 53.33 | 22.70 | 5.21 |
| Sundry debtors | 81.80 | 41.54 | 36.01 | 13.12 | 0.25 |
| Cash & bank balances | 1,126 | 175 | 78.96 | 530 | 41.45 |
| Loans & advances | 1,880 | 602 | 399 | 41.31 | 8.76 |
| Total current assets | 3,210 | 908 | 567 | 607 | 55.67 |
| Total current liabilities | 1,672 | 1,280 | 1,045 | 482 | 66.32 |
| Net working capital | 1,538 | (372) | (478) | 125 | (10.65) |
| Total assets | 6,025 | 2,889 | 1,435 | 1,599 | 107 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 53.71 | 53.16 | 49.03 | 6.74 | 40.72 |
| Net cash from operating activities | 833 | 507 | 212 | 270 | 58.96 |
| Net cash from investing activities | (3,282) | (1,513) | (42.92) | (1,076) | (58.23) |
| Net cash from financing activities | 2,755 | 1,007 | (165) | 848 | 0.00 |
| Net change in cash | 306 | 0.55 | 4.11 | 42.29 | 0.73 |
| Closing cash | 1,126 | 175 | 78.96 | 530 | 41.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +35.1% | +48.8% | +160.7% | +219.4% | - |
| EBITDA growth | +679.0% | +104.2% | -4363.8% | -116.3% | - |
| PBT growth | +9998.0% | +78.3% | -1233.2% | - | +9997.0% |
| Net income growth | +86.1% | +92.6% | -1217.8% | -187.7% | - |
| Revenue CAGR (3Y) | +73.7% | +131.4% | - | - | - |
| EBITDA CAGR (3Y) | - | -32.7% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | -0.6% | -8.4% | -58.3% | -11.3% | +42.2% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | -8.7% | +123.7% |
| Return on net worth | 0.0% | 0.0% | 0.0% | +219.8% | +92.6% |
| Debt / equity | 0.34 | 0.57 | 0.16 | 0.13 | 0.00 |
| Long-term debt / equity | 0.28 | 0.46 | 0.10 | 0.09 | 0.00 |
| Interest cover | -84.94 | -26.20 | -5.11 | -21.37 | 0.29 |
| Efficiency & per share | |||||
| Fixed asset turnover | 1.53 | 1.36 | 1.26 | 1.21 | 7.53 |
| Inventory turnover | 36.97 | 40.65 | 51.04 | 53.34 | 44.73 |
| Debtors turnover | 63.23 | 74.45 | 78.99 | 111.34 | 932.08 |
| EPS (βΉ) | (0.08) | (0.99) | (173.43) | (13.57) | 16.37 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 12.93 | 3.16 | (207.77) | (30.44) | 17.69 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,106 | 928 | 736 | 919 | 896 | 694 | 464 | 695 |
| Revenue growth (YoY) | +23.5% | +33.7% | +58.5% | - | +29.0% | +40.1% | - | - |
| Other income | 93.39 | 108 | 67.56 | 69.60 | 50.77 | 63.40 | 59.97 | 31.80 |
| Total expenses | 915 | 951 | 837 | 745 | 724 | 776 | 782 | 543 |
| EBITDA | 191 | (23.03) | (101) | 174 | 172 | (81.62) | (317) | 151 |
| EBITDA margin | +17.3% | -2.5% | -13.7% | +18.9% | +19.2% | -11.8% | -68.4% | +21.8% |
| Depreciation | 88.57 | 84.55 | 91.86 | 87.25 | 81.34 | 76.73 | 70.56 | 66.44 |
| Interest | 23.09 | 22.89 | 21.17 | 18.32 | 22.71 | 30.93 | 26.53 | 10.98 |
| Profit before tax | 173 | (22.88) | (146) | 138 | 118 | (126) | (355) | 106 |
| Tax | 64.80 | 3.46 | (14.58) | 37.72 | 29.26 | (28.24) | (40.39) | 20.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 3,245 | 2,334 | 1,536 | 735 | 232 | 24.59 |
| Revenue growth | +39.0% | +51.9% | +109.1% | +216.1% | +845.4% | - |
| Other income | 251 | 162 | 78.72 | 29.10 | 1.62 | 0.03 |
| Total expenses | 3,081 | 2,302 | 2,476 | 744 | 99.51 | 15.23 |
| Employee cost | 0.00 | 1,264 | 1,021 | 405 | 42.18 | 2.01 |
| EBITDA | 163 | 31.74 | (939) | (9.62) | 133 | 9.36 |
| EBITDA margin | +5.0% | +1.4% | -61.1% | -1.3% | +57.2% | +38.1% |
| Depreciation | 337 | 267 | 211 | 80.05 | 3.31 | 0.13 |
| Interest | 93.12 | 77.07 | 59.05 | 20.50 | 0.32 | 0.00 |
| Profit before tax | (15.77) | (150) | (1,131) | (81.07) | 131 | 9.26 |
| Tax | 24.15 | (14.84) | (60.10) | (4.28) | 33.18 | 2.33 |
| Net profit | 15.53 | (163) | (1,031) | (76.79) | 97.78 | 6.93 |
| Net profit margin | +0.5% | -7.0% | -67.1% | -10.5% | +42.1% | +28.2% |
| EPS (βΉ) | (0.15) | (0.62) | (178.50) | (12.80) | 16.29 | 8,311.20 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 1,110 | 1,053 | 1,621 | 6.00 | 6.00 | 0.01 |
| Reserves & surplus | 4,002 | 920 | (866) | 20.59 | 98.69 | 6.93 |
| Shareholders' funds (net worth) | 5,112 | 1,973 | 755 | 95.15 | 105 | 6.94 |
| Secured loans | 0.00 | 0.00 | 67.00 | 97.55 | 0.00 | 0.00 |
| Unsecured loans | 985 | 913 | 707 | 858 | 0.00 | 0.00 |
| Total debt | 985 | 913 | 774 | 956 | 0.00 | 0.00 |
| Total liabilities | 6,316 | 3,088 | 1,615 | 1,432 | 105 | 6.94 |
| Assets | ||||||
| Gross block | 1,968 | 1,601 | 1,212 | 659 | 16.69 | 0.86 |
| Net block | 1,189 | 1,121 | 935 | 585 | 13.24 | 0.73 |
| Capital work in progress | 7.89 | 9.32 | 0.32 | 5.23 | 5.61 | 0.00 |
| Investments | 3,192 | 1,828 | 516 | 494 | 37.87 | 3.03 |
| Inventories | 118 | 81.63 | 51.75 | 21.34 | 5.21 | 0.00 |
| Sundry debtors | 55.39 | 32.53 | 16.81 | 5.80 | 0.13 | 1.47 |
| Cash & bank balances | 1,055 | 143 | 53.60 | 486 | 40.09 | 40.72 |
| Loans & advances | 1,837 | 563 | 383 | 50.47 | 8.38 | 2.09 |
| Total current assets | 3,066 | 821 | 505 | 563 | 53.81 | 44.28 |
| Total current liabilities | 1,487 | 1,099 | 751 | 420 | 65.40 | 41.09 |
| Net working capital | 1,579 | (278) | (246) | 143 | (11.59) | 3.19 |
| Total assets | 6,316 | 3,088 | 1,615 | 1,432 | 105 | 6.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 22.07 | 27.77 | 30.39 | 6.11 | 40.72 | 0.00 |
| Net cash from operating activities | 821 | 473 | 295 | 267 | 57.09 | 44.60 |
| Net cash from investing activities | (3,310) | (1,517) | (150) | (1,092) | (57.72) | (3.89) |
| Net cash from financing activities | 2,776 | 1,039 | (148) | 850 | 0.00 | 0.01 |
| Net change in cash | 287 | (5.70) | (2.62) | 24.28 | (0.63) | 40.72 |
| Closing cash | 1,055 | 143 | 53.60 | 486 | 40.09 | 40.72 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +39.0% | +51.9% | +109.1% | +216.1% | +845.4% | - |
| EBITDA growth | +414.2% | +103.4% | -9665.8% | -107.2% | +1320.6% | - |
| PBT growth | +89.5% | +86.7% | -1295.2% | - | +1078.6% | +9997.0% |
| Net income growth | +109.5% | +84.2% | -1242.3% | -178.5% | +1311.0% | - |
| Revenue CAGR (3Y) | +64.1% | +115.7% | +296.8% | - | - | - |
| EBITDA CAGR (3Y) | - | -38.0% | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | -1.2% | -5.8% | -69.7% | -10.5% | +42.1% | +28.2% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | -7.9% | +234.0% | +160.1% |
| Return on net worth | 0.0% | 0.0% | 0.0% | -76.9% | +175.1% | +119.8% |
| Debt / equity | 0.27 | 0.62 | 2.04 | 4.78 | 0.00 | 0.00 |
| Long-term debt / equity | 0.22 | 0.52 | 1.85 | 4.63 | 0.00 | 0.00 |
| Interest cover | -53.52 | -32.79 | -5.13 | -22.86 | 0.25 | 0.00 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 1.82 | 1.66 | 1.64 | 2.17 | 26.49 | 34.31 |
| Inventory turnover | 32.43 | 35.00 | 42.04 | 55.35 | 89.24 | 0.00 |
| Debtors turnover | 73.81 | 94.61 | 135.91 | 247.81 | 290.60 | 20.07 |
| EPS (βΉ) | (0.14) | (0.62) | (178.50) | (12.80) | 16.29 | 8,311.20 |
| Dividend per share (βΉ) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (βΉ) | 14.99 | 5.21 | (143.36) | 4.43 | 17.45 | 6,936.00 |
Investments & Acquisitions by Physics Wallah
Physics Wallah has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Altis Vortex, Freeco and Knowledge Planet.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides online and offline UPSC exam preparation courses and mentorship. | sarrthiias.com | Delhi, India | 2024 | Jul 2026 | β’β’β’β’ | |
Personalized online tutoring for entrance exams is offered. | xylemlearning.com | Kozhikode, India | 2019 | Jun 2024 | β’β’β’β’ | |
Utkarsh Classes is engaged in providing online coaching for competitive exams and school courses. | utkarsh.com | Jodhpur, India | 2002 | Jun 2023 | β’β’β’β’ | |
Coaching for engineering, medical, and entrance exams is offered. | myknowledgeplanet.com | Dubai, United Arab Emirates | 2012 | Mar 2023 | β’β’β’β’ | |
Provider of online tech courses and career transition programs | ineuron.ai | Bengaluru, India | 2019 | Dec 2022 | $30.2M | |
Online platform for medical entrance exam preparation is offered. | preponline.in | Delhi, India | 2019 | Oct 2022 | β’β’β’β’ | |
Books are published and distributed by Altis Vortex. | altisvortex.com | Delhi, India | 2015 | Oct 2022 | β’β’β’β’ | |
Education consulting services are provided by Freeco in India. | freeco.co.in | Jaipur, India | 2020 | Aug 2022 | β’β’β’β’ | |
Provides an online platform for coaching institute management solutions. | penpencil.xyz | Delhi, India | 2017 | Jun 2022 | β’β’β’β’ |
Complete acquisition details for Physics Wallah
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Timeline of Physics Wallah
14 dated milestones of Physics Wallah across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Physics Wallah is founded.
- Acquisition Acquires PenPencil.
- Funding First funding round of $101.8M.
- Milestone Reaches Unicorn status.
- Acquisition Acquires Freeco.
- Acquisition Acquires PrepOnline.
- Acquisition Acquires Altis Vortex.
- Acquisition Acquires iNeuron.
- Acquisition Acquires Knowledge Planet.
- Acquisition Acquires Utkarsh Classes.
- Acquisition Acquires Xylem Learning.
- Funding Latest funding round, Series B, of $210.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Sarrthi IAS.
Competitors of Physics Wallah
Physics Wallah has 3 listed competitors in our database, 3 of them funded. They include Vedantu, Meritnation and Oda Class.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vedantu.com | 2011 | Bengaluru, India | $341M | 1,172 | Live interactive K-12 tutoring platform is provided online. | |
| meritnation.com | 2008 | Delhi, India | $8.11M | 5,327 | Provider of tutoring and learning resource platform for students | |
| odaclass.com | 2017 | Bengaluru, India | $12.75M | 577 | Online tutoring platform for k-12 students |
Detailed competitors of Physics Wallah
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Web traffic of Physics Wallah
The website of Physics Wallah (pw.live) receives about 81.3M visits a month and ranks #444 among all websites worldwide, #11 in Education.
- Monthly visits81.3M
▼ 0.7% vs previous month
- Unique visitors9.6M
per month
- Global rank#444
among all websites
- Category rank#11
Science and Education · Education
- Bounce rate24%
- Pages per visit8.3
- Average visit8 min 09 sec
- DevicesDesktop 69% Β· Mobile 31%
Websites whose visitors overlap most with Physics Wallah. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vedantu.com | 100% | 24.3M | #3,031 | View details | |
| allen.in | 98% | 33.2M | #1,709 | View details | |
shiksha.com | shiksha.com | 95% | #3,802 | β | |
| byjus.com | 94% | 24M | #2,773 | View details | |
| sarthaks.com | 88% | 18.2M | #3,777 | View details | |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 40 similar websites and full traffic analytics for Physics Wallah
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- Audience overlap
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Top companies in Test Preparation Platforms
3 companies that operate in the same segment as Physics Wallah (Test Preparation Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
An online platform for competitive exam preparation is provided. | 2016 | Gurugram, Haryana, India | USD 64.98 M | USD 15.59 M | ||
Mobile and SaaS-based platform providing e-learning and test preparation platform for students | 2013 | Mumbai, Maharashtra, India | USD 116.06 M | USD 12.77 M | ||
Live interactive K-12 tutoring platform is provided online. | 2011 | Bengaluru, Karnataka, India | USD 341 M | USD 31.58 M | 972 |
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Related news about Physics Wallah
Complete news archive for Physics Wallah
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Articles about Physics Wallah on our blog
Frequently Asked Questions about Physics Wallah
Physics Wallah was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Physics Wallah is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.
Alakh Pandey is the CEO of Physics Wallah, as recorded in our data. They have also founded this company.
Physics Wallah is a funded company, having raised a total of $275M across 2 funding rounds to date. The company's 1st funding round was a Series A of $101.77M, raised on Jun 2022.
Physics Wallah has 15,046 employees.
The primary company behind Physics Wallah, Physicswallah Limited, reported revenue of βΉ4,131 Cr for FY 2026, up 35% year on year.
Physics Wallah was founded in 2016 in Noida, India, within the edtech sector. Online resources for education and exam preparation are delivered, including live courses, recorded classes, and study materials targeted at competitive and government exams. Support is extended to school-level preparation, undergraduate and postgraduate entrance tests, and professional upskilling. Test series, doubt-resolution sessions, and offline centers are operated across India for student access.
Physics Wallah's top competitors include Vedantu, Oda Class and Meritnation.
Physics Wallah offers PW App, Online Courses, and Test Series.
Yes, Physics Wallah is publicly traded on NSE under the ticker symbol PWL.
Physics Wallah has made 9 acquisitions, including Altis Vortex, Freeco, and Knowledge Planet.
Physics Wallah has 8 investors. Key investors include Lightspeed Venture Partners, WestBridge Capital, Hornbill Capital, GSV Ventures, and Setu Aif Trust.

