PhysicsWallah approves investments of up to ₹470 crore in three subsidiaries

Edtech unicorn Physicswallah Ltd on Monday (December 8) said that its Audit Committee approved equity investments in its wholly-owned subsidiaries.

The company approved an investment of up to ₹399.85 crore in Penpencil Edu Services Private Ltd. Penpencil has a paid-up share capital of ₹0.07 crore and reported a turnover of ₹78.42 crore. The subscription will comprise 2,59,646 equity shares of ₹10 face value each at a premium of ₹15,390.

Penpencil operates in the education sector, and the investment is proposed to meet corporate and strategic requirements. Penpencil was incorporated on August 5, 2019 and is engaged in operating and managing online education classes and tutorials. Its turnover stood at ₹78.42 crore in FY2024-25, ₹64.58 crore in FY2023- 24, and ₹18.23 crore in FY2022-23.

Also

Read: PhysicsWallah IPO Listing: Shares list at a 36% premium to its IPO price of ₹109

The Audit Committee also approved an investment of up to ₹20.00 crore in Finz Fintech Private Ltd. Finz Fintech has a paid-up share capital of ₹0.01 crore and reported a turnover of ₹0.07 crore. The subscription will comprise 54,05,405 equity shares of ₹10 face value each at a premium of ₹27.

The investment is proposed to meet the working capital requirements of the subsidiary. Finz Fintech was incorporated on 30 December 2024 and is engaged in financial and investment consulting, management consulting and outsourcing services. Its turnover stood at ₹0.07 crore in FY2024-25.

An investment of up to ₹50.00 crore was approved in Finz Finance Private Limited. Finz Finance has a paid-up share capital of ₹11.00 crore and reported nil turnover. The subscription will comprise 1,16,27,907 equity shares of ₹10 face value each at a premium of ₹33. The company was incorporated on July 2, 2024 and has obtained NBFC registration from the Reserve Bank of India. The investment is proposed to meet working capital requirements.

Also Read: PhysicsWallah targets profit in under a year, plans deeper push into southern India

Additionally, the company approved an investment of up to $2 million, equivalent to approximately ₹0.17 crore, in Knowledge Planet Holding Ltd, a Dubai-based subsidiary. KPHL has a paid-up share capital of ₹0.00 crore (AED 13,110) and reported a turnover of ₹15.09 crore (AED 1,50,94,369). The company operates in the education sector. KPHL was incorporated on May 27, 2021, in Jebel Ali Free Zone, Dubai. Its turnover stood at ₹15.09 crore in FY2024-25, ₹9.69 crore in FY2023- 24, and ₹7.71 crore in FY2022-23.

All transactions are related-party transactions conducted at arm’s length. No change in shareholding is envisaged, and all investments will be made in cash. No regulatory approvals are required.

Shares of Physicswallah Ltd ended at ₹138.55, up by ₹2.65, or 1.95%, on the BSE.