Chennai-based Veranda Learning buys stakes in BB Virtuals and Navkar Digital

Veranda Learning Solutions, which offers end-to-end solutions in the education space, has taken a 40.41% stake in BB Virtuals and acquired a 65% stake in Navkar Digital. 

The Chennai-headquartered company will acquire an additional 10.59% stake in BB Virtuals by June 2025.

Veranda said the acquisitions will amplify its position as a leader in commerce education across India and the company’s commerce vertical is expected to achieve a pro forma EBITDA exceeding Rs 120 crore for FY25. 

BB Virtuals' offerings 

BB Virtuals, founded by the renowned Chartered Accountant (CA) educator Bhanwar Borana, operates an online platform for CA and commerce aspirants.

The company claims to have trained over 200,000 students online, producing more than 500 all-India rank-holders.

Bhanwar Borana, Founder of BB Virtuals, said, “We are thrilled to join forces with Veranda Learning. This partnership will allow us to extend our reach and continue providing top-notch resources and mentorship to CA and commerce students. Together, we aim to set new benchmarks in the realm of commerce education.”

What does Navkar Digital do?

On the other hand, Navkar Digital is an offline education platform for Chartered Accountancy (CA), Company Secretary (CS), and Cost & Management Accountancy (CMA) aspirants in Gujarat.

"We are thrilled to be part of the Veranda ecosystem, leveraging our combined strengths to grow the business and continue supporting students in achieving their professional dreams. This partnership will allow us to integrate technology-driven learning methodologies while retaining the rigour and discipline of our offline teaching model," said Hitesh Shah, Managing Director of Navkar Institute. 

Veranda Learning's market presence 

Established in 2018 by the Kalpathi AGS Group, Veranda Learning Solutions Limited has rapidly evolved into a prominent, publicly listed education company.

The company said it has a strong presence in schools, colleges, test preparation, study abroad, and software upskilling. Notably, it integrates advanced technology, robust processes, and innovative methodologies to offer high-quality, personalized learning experiences.