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Suresh Kalpathi, ED and Chairman of Veranda Learning
| Photo Credit:
BIJOY GHOSH/businessline
The Board of listed education enterprise Veranda Learning Solutions have approved the formal demerger of its commerce vertical as part of the company’s ‘Veranda 2.0’ vision. The newly-created entity, J.K. Shah Commerce Education, will serve as the platform for all future operations of the commerce vertical. It will integrate Veranda’s commerce education brands—J.K. Shah classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce, and Logic School of Management.
As part of this vision, the commerce vertical is being positioned as a gateway to international career opportunities in finance, in addition to a platform for finance and accounting aspirants. It already provides globally recognised courses such as CPA (Certified Public Accountant) and CFA (Chartered Financial Analyst). The vertical is targeting significant revenue growth to surpass ₹1,000 crore revenue by FY30, Veranda said in a statement.
Vertical to focus on global finance careers with CPA, CFA
As a first step, Veranda Learning acquired the remaining 24% equity stake held by Prof. J.K. Shah in Veranda XL Learning Solutions, the principal company within the commerce portfolio. With this acquisition, Veranda XL has now become a wholly-owned subsidiary, simplifying the group structure.
Shareholders to get 1:1 shares in J.K. Shah Commerce Education
Upon completion of the demerger, each shareholder of Veranda Learning Solutions will receive one share in J.K. Shah Commerce Education, subject to regulatory and statutory clearances. The timeline for completion of the demerger and listing is approximately 12 months.
Move to unlock long-term value
Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions, said: “By creating J.K. Shah Commerce Education as an independent entity, we are unlocking long-term value for our shareholders, while empowering the vertical to pursue accelerated growth. The move will provide sharper focus, greater agility, and independent access to capital markets, thereby enhancing opportunities for students and stakeholders alike.”
“Importantly, Prof. J.K. Shah will continue to have an economic interest in the new entity, underscoring his long-term commitment to the business,” Veranda Learning said in a statement.
Published on September 11, 2025
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