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2h ago

Alakh Pandey’s Wealth Jumps 223% to Rs 14,510 Crore on Hurun List as PhysicsWallah Readies IPO

Stronger FY25 results underpin the edtech unicorn’s Rs 3,820 crore public offering filed with SEBI.

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Overview

  • Pandey ranks ahead of Shah Rukh Khan on the Hurun India Rich List 2025 after a 223% surge, while Khan’s wealth rose 71% to Rs 12,490 crore.
  • PhysicsWallah has filed updated papers for a Rs 3,820 crore IPO comprising a Rs 3,100 crore fresh issue and a Rs 720 crore offer for sale by promoters.
  • The company reported FY25 revenue of Rs 2,886 crore and a narrowed net loss of Rs 243 crore, improving from a Rs 1,131 crore loss the previous year.
  • Co-founder Prateek Maheshwari registered the same percentage increase in estimated wealth on Hurun’s list.
  • Reported managers of the issue include Kotak Mahindra Capital, Goldman Sachs (India) Securities, JP Morgan India and Axis Capital, with backers such as Hornbill, WestBridge Capital and GSV Ventures.