Veranda Learning Solutions has made strategic investments in two prominent education companies, acquiring a 40.41 per cent stake in BB Publications Pvt Ltd (BB Virtuals) and a 65 per cent stake in Navkar Digital Institute Pvt Ltd. The financial details of the transactions have not been disclosed.
In addition to the initial stakes, Veranda Learning plans to increase its ownership in BB Virtuals by an additional 10.59 per cent by June 2025. These acquisitions are poised to strengthen Veranda Learning’s position as a leading provider of commerce education in India. The company’s commerce vertical is expected to achieve a pro forma EBITDA exceeding ₹120 crores for the financial year 2025.
BB Virtuals, founded by Chartered Accountant educator Bhanwar Borana, is an online platform catering to CA and commerce aspirants. With a track record of training over 200,000 students online and producing more than 500 all-India rank-holders, BB Virtuals is a significant player in the industry.
Navkar Digital Institute, founded by Hiteshkumar Shah, offers offline educational services for Chartered Accountancy (CA), Company Secretary (CS), and Cost & Management Accountancy (CMA) aspirants in Gujarat.
Following the announcements, Veranda’s share price on the NSE was trading at ₹237.64, witnessing a slight decline of ₹3.37 or 1.40 per cent.
The strategic investments in BB Virtuals and Navkar Digital Institute mark a significant milestone for Veranda Learning as it expands its footprint in the education sector and reinforces its commitment to delivering high-quality educational services to students across the country.
