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Veranda Learning Solutions Ltd.

BSE: 543514 Sector: Others
NSE: VERANDA ISIN Code: INE0IQ001011
BSE 00:00 | 06 Oct 326.20 1.55
(0.48%)
OPEN

334.85

HIGH

334.85

LOW

322.30

NSE 00:00 | 06 Oct 326.30 -1.00
(-0.31%)
OPEN

330.10

HIGH

333.90

LOW

322.60

OPEN 334.85
PREVIOUS CLOSE 324.65
VOLUME 12826
52-Week high 379.90
52-Week low 149.15
P/E
Mkt Cap.(Rs cr) 1,820
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 334.85
CLOSE 324.65
VOLUME 12826
52-Week high 379.90
52-Week low 149.15
P/E
Mkt Cap.(Rs cr) 1,820
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Veranda Learning Solutions Ltd. (VERANDA) - Company History

Veranda Learning Solutions Limited was incorporated on November 20 2018 as 'Andromeda Edutech Private Limited' a Private Limited Company under Companies Act 2013 pursuant to a Certificate of Incorporation dated November 21 2018 issued by Registrar of Companies National Capital Territory of Delhi and Haryana. Name of the Company was changed to 'Veranda Learning Solutions Private Limited' pursuant to a fresh Certificate of Incorporation dated September 10 2020 issued by the Registrar of Companies Chennai. Subsequently the Company was converted into a Public Limited Company pursuant to a Resolution passed by Shareholders in Extra Ordinary General Meeting held on September 30 2021 and a fresh Certificate of Incorporation dated October 12 2021 was issued by Registrar of Companies Chennai consequent upon conversion recording the change in name of Company to 'Veranda Learning Solutions Limited'. The Company is engaged in the business of offering diversified and integrated learning solutions in online offline hybrid and offline blended formats to students aspirants and graduates professionals and corporate employees enrolled with the courses through multitude of career-defining competitive exams professional courses exam-oriented courses short term upskilling and reskilling courses. The Company also provides comprehensive long term and short term preparatory courses in a simple and lucid manner for students preparing preparing for UPSC Exams State Public Service Commission Staff Selection Commission Banking Insurance Railways and Chartered Accountancy. Apart from this it provides customised short term skilling courses long term courses and other corporate courses to Learners as well. The Company also deliver these courses to employees of corporates through its B2B offerings.Veranda primarily provide services through online offline hybrid and offline blended learning models. Its offline hybrid learning model involves classroom teaching supported with online assessments and access to self-paced learning material to enhance recall and retention. The offline blended model involves a mix of Online content and Offline delivery wherein the centre delivers LMS Study Materials together with traditional classroom experience of personal mentoring from Mentors with a dedicated Mentor in each class room available for assistance to students. Apart from thus. the Company's offline hybrid and offline blended learning models offer traditional classroom experience of personal mentoring from experienced Mentors along with highly curated digital content and online assessments.Veranda's tech-infused online learning model allows students to engage in self-paced inclusive and individualised learning experience without being hindered by the restriction of needing to be present in a physical classroom. Online learning model comprises recorded videos and online live instructor led learning mode. The Company also focus on delivering specific courses in regional languages to better reach out to Students of Tier 2 and 3 cities and rural areas. In November 2020 the Company acquired content brand education materials from Chennai Race Coaching Institute Private Limited through wholly-owned subsidiary Veranda Race Learning Solutions Private Limited. The Company launched a mobile app in the name for Veranda Learning comprising integrated courses offered exclusively for their students.In December 2020 the Company digitized and launched the content acquired from Chennai Race Coaching Institute Private Limited through Veranda Race.In March 2021 the Company engaged SAI IAS Academy to provide content for its subsidiary Veranda IAS Learning Solutions Private Limited.In July 2021 Company commercially launched CA course offered by Veranda CA. In August 2021 the Company commercially launched UPSC course offered by Veranda IAS.In September 2021 the Company acquired 100% shareholding of Brain4ce Education Solutions Private Limited and became its subsidiary of the Company effective from 17th September 2021. With this acquisition the Company expanded presence in software education in the global market particularly in the USA and UK.

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