PhysicsWallah is preparing to expand its offline network by opening around 70 centres every financial year. The company expects to add close to 200 centres over the next 3 years. This would take the total number of offline centres to nearly 500 by FY29, up from around 300 at present.
In an exclusive conversation with Business Standard, the company’s CFO Amit Sachdeva stated, “We will open nearly 70 centres each year from here on. Over the next three years, we want to open around 200 centres. Each centre requires ₹2–2.5 crore in capital expenditure.”
PhysicsWallah has allocated ₹460 crore from its Initial Public Offering (IPO) proceeds for the expansion of offline and hybrid centres. The company raised approximately ₹3,480 crore through the IPO. Including existing reserves, its cash balance currently exceeds ₹5,500 crore.
The offline rollout is expected to run alongside the company’s digital business. Hybrid centres, which combine classroom teaching with online content, are also part of the expansion plan in selected markets.
Following its listing, the company has started increasing its presence in non-Hindi-speaking regions, particularly in southern India. Chief Financial Officer Amit Sachdeva said that about 85-90% of the 3.5 million students enrolled until September last year were from northern states.
The company is targeting at least 20% of enrolments from southern states over the next 18-24 months. Centres have already been opened in some southern locations, with further additions planned. Courses are also being introduced in nine Indian languages during the current year.
PhysicsWallah’s subsidiary, Xylem Learning, is expanding operations in Kerala and Karnataka. The company has set aside ₹4.2 crore from IPO proceeds for investment in Xylem, which currently operates between 15 and 20 centres in Kerala.
Separately, PhysicsWallah is extending its offerings to additional examination categories. These include preparation for the Union Public Service Commission and chartered accountancy, along with centres focused on various state-level examinations.
Read More: PhysicsWallah, Emmvee Photovoltaic Power and 3 More Companies to See Shareholder Lock-In Expiry!
As of January 13, 2026, 11:06 am, PhysicsWallah share price was trading at ₹129.06 on the stock exchange, a 0.33% increase from the previous closing price.
The addition of offline centres, supported by IPO funds and existing cash reserves, indicates a continued build-out of PhysicsWallah’s physical presence over the next three years.
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Published on: Jan 13, 2026, 11:54 AM IST
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