Chennai, Dec 7 (UNIL) The Kalpathi Group owned Veranda Learning

Solutions today announced the acquisition of Chennai Race, India’s

leading coaching institute for banking, SSC, and PSC exams.

The acquisition valued at over Rs 100 crores and it included stock

and earn out.

A release here said the acquisition led to the launch of a new

brand--Veranda Race--which will initially offer result-oriented

online training programs for banking, Staff Selection Commission

and TNPSC.

The focus of Veranda Race remains firmly on ensuring rigour and

discipline amongst enrolled students thereby giving them the best

opportunity to get jobs once they appear for written examinations.

By December 2021 Veranda Race is planning to launch course

content in 11 Indian languages.

During the 2019-20 fiscal, Chennai Race recorded Rs 45 crore sales

and has trained over 200,000 students so far backed across the states

of Tamil Nadu, Kerala, Karnataka, and Punjab.

Beginning in Chennai, Race’s unique ‘6 level practice program’ which,

helps students to improve their speed and accuracy in a short span of

time, and their resulted oriented, strategic curriculum, developed for

each type of competitive exams, has seen Chennai Race students

filling up about 60 to 80 percent of Tamil Nadu’s vacancies in the past

4-5 years.

Suresh Kalpathi, CEO, Veranda Learning Solution said “In Race, we

see an alignment with our philosophy of rigor and discipline in their

education delivery, focus on outcomes and affordability to the real

India. We expect Veranda Race to grow significantly in the coming

months and years with addition of more products and languages."

'The acquisition of Race will bolster our offerings and will further

define our position in the sector", he said.

Bharath Seeman, Promotor of Chennai Race and Head of Veranda

Race, said “the programs are set for rollout nationally, in the coming

months, targeting a revenue of Rs 50 crores in the first year."

'By the end of 2021, our content will be available in 11 Indian

languages and will be training around 50,000 to 60,000 students

across the country", he said, adding, the courses were priced at

Rs 7,500 which included course materials and mentoring support.

UNI GV 1614