In a significant consolidation within India’s edtech landscape, PhysicsWallah has increased its stake in Utkarsh Classes to 75.5%, according to a report titled “PhysicsWallah increases stake in Utkarsh Classes to 75.5%” published by The Economic Times. The move marks a deepening of ties between two prominent education technology firms with a strong presence in the competitive exams preparation space.
PhysicsWallah, founded by Alakh Pandey, has grown rapidly in recent years by leveraging low-cost, high-quality online content catering to a wide range of competitive exams. The increased control in Utkarsh Classes, which initially began as a partnership in October 2022, signals the company’s intention to strengthen its hold in the offline and regional education markets, particularly in Hindi-speaking states where Utkarsh has a strong foothold.
Utkarsh Classes, based in Rajasthan, has long been known for its reach in Tier 2 and Tier 3 cities, offering coaching for civil services, state government exams, and teaching entrance tests. By increasing its stake, PhysicsWallah aims to intensify collaboration across content creation, technology infrastructure, and pedagogical strategy. Although the financial details of the transaction have not been disclosed, the move is expected to bolster PhysicsWallah’s hybrid learning model, combining online reach with Utkarsh’s established offline presence.
The development also comes as India’s edtech sector navigates a new post-pandemic reality. After a surge during COVID-19 lockdowns, the industry has faced mounting pressure to prove profitability amid waning valuations and investor caution. In this environment, partnerships and mergers are increasingly seen as a way to achieve scale and operational efficiency.
Both companies have affirmed that the leadership team at Utkarsh will remain unchanged, and that day-to-day operations will continue under existing management. The expanded stake is intended to ensure aligned long-term planning while preserving Utkarsh’s brand identity and regional expertise.
This strategic move underscores PhysicsWallah’s commitment to becoming a comprehensive education platform that spans vernacular language education, test preparation, and both digital and physical classrooms. As India continues to see rising demand for affordable, quality education in regional markets, this deeper integration between PhysicsWallah and Utkarsh Classes presents a unified approach to addressing that need.
