PhysicsWallah Acquires Majority Stake In Sarrthi IAS For ₹72 Cr

Listed edtech major PhysicsWallah (PW) has acquired an additional 11% stake in UPSC coaching institute Sarrthi IAS for a cash consideration of ₹71.81 Cr, increasing its holding in the company from 40% to 51%.

The acquisition is part of the shareholders’ agreement and share purchase agreement PW signed with Sarrthi IAS and its promoters on September 2, 2025, to acquire up to 85% of the company’s fully diluted equity share capital in six tranches between FY26 and FY31.

The second tranche comprises the purchase of 1,100 equity shares, representing an additional 11% stake in Sarrthi IAS. PW said the transaction would strengthen its presence in the UPSC and civil services examination preparation segment.

Inc42 had reported last September that PW completed the first tranche of the deal by acquiring a 40% stake in Sarrthi IAS at a valuation of about ₹250 Cr.

Founded in June 2023, Sarrthi IAS offers online and offline coaching and test preparation for civil services and other competitive examinations. The company reported a turnover of ₹76.52 Cr in FY26, up 169% from ₹28.46 Cr in the previous fiscal.

Founded in 2016 by Alakh Pandey, PhysicsWallah began as a YouTube channel offering coaching for competitive examinations before expanding into a full-fledged edtech platform. The company listed on the stock exchanges in November 2025 at ₹145 per share, a 33% premium to its IPO issue price of ₹109.

On the financial front, PW narrowed its consolidated net loss by 76% to ₹69.1 Cr in Q4 FY26 from ₹289.3 Cr a year earlier, while operating revenue rose 51% to ₹918.8 Cr from ₹609.6 Cr. Its shares closed 1.28% lower at ₹135.20 today.

Shares of PW ended today’s trading session 1.28% lower at ₹135.20.

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