Veranda Learning Solutions acquires 50% stake in Tapasya Educational Institutions
In a strategic move to broaden its educational services, Veranda Learning Solutions Limited, a renowned public listed company in the education sector, has recently announced the acquisition of a 50% equity share in Tapasya Educational Institutions Private Limited. The transaction, executed through Veranda XL Learning Solutions Pvt Ltd, a subsidiary of Veranda, places the valuation of Tapasya Educational Institutions at an impressive Rs 240 crores. This partnership marks a significant milestone for both organizations, promising to deliver enhanced learning experiences and aiming to reach a combined student body of 1 million by the fiscal year 2024.
The acquisition deal not only signifies a substantial financial investment but also heralds a new era of growth and opportunities for Veranda Learning Solutions and Tapasya Educational Institutions. With a history spanning over a decade, Tapasya has been instrumental in providing educational services to 19 Inter/PU Colleges and 10 Degree Colleges across Telangana and Karnataka, catering to over 13,000 students. Their offerings include advanced courses in Management and Commerce, Professional Courses like CA and CMA, and Integrated programs, all designed to nurture talent and cultivate excellence in the educational field.
Expressing enthusiasm over the acquisition, Mr. Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, highlighted the strategic importance of this partnership, stating, “By having Tapasya under the Veranda umbrella, we will now have a significant footprint in the Telangana and Karnataka markets. We are thrilled to join forces with Tapasya’s team and leverage our collective expertise to innovate and enhance the learning experience for students across the region.”
Echoing the sentiment, Mr. Muppala Sreedhar, Founder and Chairman of Tapasya Institutions, remarked on the future prospects of their collaboration with Veranda, “The partnership with Veranda marks a momentous leap forward for Tapasya Institutions. This alliance reaffirms our unwavering commitment to nurturing talent, cultivating excellence, and sculpting the leaders of tomorrow who will shape the world with ingenuity and resilience.”
This strategic acquisition is poised to create a robust platform for both Veranda Learning Solutions and Tapasya Educational Institutions to leverage their combined strengths. The move is expected to not only enhance the educational offerings and reach of both entities but also to create a formidable presence in the education sector, particularly in the Telangana and Karnataka markets. As the companies integrate their operations and offerings, the educational landscape in India is set to witness innovative and enhanced learning solutions that cater to a broad spectrum of student needs and aspirations.