PhysicsWallah Appoints New Independent Directors as IPO Nears
Portfolio - People | Mar 14, 2025 | EIN
PhysicsWallah, a leading edtech company in India, has announced the appointment of three independent directors as it intensifies preparations for its Initial Public Offering (IPO) slated for 2025. The new directors, Nitin Savara, Rachna Dikshit, and Deepak Amitabh, bring considerable expertise in financial management, compliance, and corporate governance to the company's board. This strategic move aligns with PhysicsWallah's commitment to rigorous governance and adherence to regulatory standards necessary for a public entity. The company's transformation from a private limited entity to a public limited entity, as of December 2024, marks a crucial milestone in its IPO journey, with plans to file its Draft Red Herring Prospectus with SEBI. PhysicsWallah has also partnered with prominent financial institutions like Kotak Mahindra Capital, Goldman Sachs, Axis Capital, and JP Morgan to assist in its listing process. Furthermore, key hires in the leadership team, including Ajinkya Jain as Group General Counsel and Amit Sachdeva as Chief Financial Officer, highlight the company's readiness to navigate the complexities of public market operations and pursue its growth ambitions in the edtech sector.
Sectors
- Edtech
- Investment Banking
Geography
- India – PhysicsWallah is an Indian edtech company, and its IPO preparation is taking place in the Indian market, involving regulatory compliance with SEBI.
Industry
- Edtech – PhysicsWallah operates in the education technology sector, providing affordable online courses and preparation materials, which are central to the article's focus on its IPO preparation.
- Investment Banking – Involvement of major financial institutions like Kotak Mahindra Capital, Goldman Sachs, Axis Capital, and JP Morgan in preparing for the IPO highlights the role of investment banking.
Financials
- – No specific financial amounts or metrics provided in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PhysicsWallah | Target Company | Company | An Indian edtech unicorn preparing for an IPO. |
| Nitin Savara | Independent Director | Person | Former Deputy CFO at Zomato with expertise in financial management. |
| Rachna Dikshit | Independent Director | Person | Former Regional Director at RBI, knowledgeable in regulatory frameworks. |
| Deepak Amitabh | Independent Director | Person | Ex-bureaucrat with experience in public sector undertakings and corporate governance. |
| Alakh Pandey | Co-founder, Whole-Time Director | Person | CEO of PhysicsWallah, recognized for his innovative approach. |
| Prateek Maheshwari | Co-founder, Whole-Time Director | Person | Contributes to technological advancements at PhysicsWallah. |
| Sandeep Singhal | Co-founder, Board Member | Person | Managing Partner at WestBridge Capital India Advisors with investment expertise. |
| Kotak Mahindra Capital | Listing Banker | Company | Leading investment bank managing IPO preparations. |
| Goldman Sachs | Listing Banker | Company | Global investment banking firm helping with IPO management. |
| Axis Capital | Listing Banker | Company | Prominent Indian investment bank engaged in IPO processes. |
| JP Morgan | Listing Banker | Company | Global financial services provider involved in the IPO's financial management. |
| Ajinkya Jain | Group General Counsel, Company Secretary and Compliance Officer | Person | Brings experience in IPOs and M&A, aiding in governance and compliance for PhysicsWallah. |
| Amit Sachdeva | Chief Financial Officer | Person | Former CFO of Blinkit, expected to guide PhysicsWallah's financial strategy towards its IPO. |