Founded in 2018 by the Kalpathi AGS Group, holds around 55%n the company.
Company has expanded rapidly through acquisitions. In May 2023, it acquired seven companies valued at Rs. 400 crore. At the 6th Annual General Meeting on September 27, 2024, the company approved an increased borrowing limit of up to Rs. 1,000 crores through the issuance of non-convertible debentures, bonds, or other instruments to fund its growth and expansion plans.
Highlights:- In Q1FY25, company's operating revenue reported at Rs. 118.99 crore with 72.69%; EBITDA reported 5-fold growth to Rs. 27.61 crore -Veranda HigherEd has recently launched two cutting-edge short courses in partnership with the University of Technology Sydney (UTS), Australia The company has strengthen its board with the addition of esteemed education leaders, including Prof. Jitendra Kantilal Shah, Prof. Ashok Misra, and Ms. N. Alamelu.
- Forayed into Middle East and partnered with Jumeira University Connect to launch CA Preparation Course in the UAE -Appointed Aditya Malik, as the Group Chief Operating Officer.
This story is from the November 05, 2024 edition of The Business Guardian.
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This story is from the November 05, 2024 edition of The Business Guardian.
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