Veranda Learning Solutions Limited, a company listed on BSE and NSE offering end-to-end solutions in the education space, has commenced its work as a Training Partner as per terms of the MoU with the KSDC (Karnataka Skill Development Corporation) to assist in the implementation of Wealth Management Course which is part of the Kalike Jothege Kaushalya, a state government initiative to provide skill development and career guidance to students in government colleges. According to an official statement, the programme will be delivered to government colleges as a pilot project at Raichur and Gulbarga.
Pravin Menon, Chief Marketing Officer of Veranda Learning, expressed the strategic importance of the partnership with KSDC and TNSDC. He stated:
We have had a great working relationship with TNSDC over the last two years and are pleased to join with KSDC. It is an opportunity for Veranda to further its presence in Karnataka. We are also exploring partnerships with other state government skill development corporations.
Veranda’s success in upskilling students is evident in its collaboration with TNSDC. In 2022, the Company trained over 20,000 students in Cloud Computing and Big Data Analytics courses. This achievement led to another MoU in 2023, with a target to train over 30,000 students.
Suresh Kalpathi, Executive Director and Chairman of Veranda, believes it was a step in the right direction for the Company in its mission to contribute to the nation’s skill development initiatives. Kalpathi added:
As promoters of Veranda, we are committed to providing comprehensive educational solutions. Our collaboration with KSDC is a key step in expanding our geographic footprint and continuing to deliver high-quality skill development programmes across India. This reinforces our confidence in the Company’s prospects, as demonstrated by the promoters pledging their holding in equity shares of the Company as collateral for securing the recent Rs 425 crore NCD raised by Veranda and its subsidiaries. Additionally, the Promoters have also recently infused Rs 46 crores into Veranda on the exercise of warrants into equity shares at an exercise price of Rs.307 per equity share, which is at a substantial premium to the current market price, helping secure the Company’s financial future.
Founded in 2018 by the Kalpathi AGS Group, Veranda Learning offers a bouquet of training programmes for competitive exam preparation, including State Public Service Commission, Banking, Insurance, Railways, IAS, and CA, as well as a slew of professional skilling and upskilling programmes. Dedicated to creating an impact on students and delivering successful academic outcomes, the platform adopts a multi-modal delivery system backed by a rigorous and disciplined learning framework. The Company also provides services through a host of brands: Veranda RACE, Veranda IAS, Edureka, Six Phrase, Veranda HigherEd, Edureka Learning Centre, SmartBridge, BAssure, Talent Academy, Talent Publications, PHIRE, Sreedhar’s CCE, JK Shah Classes, VerandaK12, Tapasya Educational Institution Private Limited and Logic School of Management.
