India’s listed edtech company PhysicsWallah has approved an investment of about Rs 120 crore, or about $12.5 million, in its wholly owned subsidiary FinZ Finance as it expands further into financial services.
According to its stock exchange filing, the company’s audit committee approved the investment through the subscription of up to 2.66 crore equity shares in FinZ Finance Private Limited on a rights basis.
The investment will be made in cash at an issue price of Rs 45 per share, including a premium of Rs 35 per share, taking the total value of the transaction to about Rs 120 crore.
PhysicsWallah said the capital infusion was intended “to augment the working capital requirements of FinZ Finance and to facilitate the expansion and scaling up of its business operations”.
FinZ Finance, which was incorporated in July 2024, received its non-banking financial company (NBFC) licence from the RBI in September 2025 and began operations in March this year.
The subsidiary provides financing, leasing and hire purchase services for consumers, individuals and corporates.
The filing stated that the transaction was a related-party deal because FinZ Finance is a wholly owned subsidiary of PhysicsWallah, but added that it was being carried out on an “arm’s length” basis. The investment will not alter PhysicsWallah’s ownership stake in the company.
The move marks another step in PhysicsWallah’s expansion beyond its core test-preparation business into consumer-focused sectors following its stock market debut.
Earlier this year, the Noida-based company increased its stake in Kay Lifestyle and Wellness, also known as Kamya Yoga & Wellness, as part of its push into the wellness sector. It has also been in discussions to acquire a partial stake in Rojgar With Ankit, according to media reports.
In December last year, PhysicsWallah increased its holdings in Xylem Learning and Utkarsh Classes.
PhysicsWallah’s board was scheduled to consider its fourth-quarter and full-year FY26 results on 27 May 2026. In the third quarter, it reported a 34% year-on-year rise in operating revenue to Rs 1,082 crore, while profit crossed Rs 100 crore.
#Tourism#Modernplasticsindia #Pasticsnews #ModernPlasticsIndiaMagazine
#PrintPublication #Moderntourismindia #modernstartupindia
