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Utkarsh Classes

Full company profile

uuid000buxc

Namestring
Utkarsh Classes
Legal namestring
Utkarsh Classes & Edutech Pvt. Ltd.
Websiteurl
utkarsh.com
Company typeenum
Private
Founded yearint
2002
Descriptiontext

Utkarsh Classes & Edutech Pvt. Ltd. is an Indian edtech company founded in 2002 and headquartered in Jodhpur, Rajasthan, specializing in preparation for Central and State-level government competitive examinations. Its core offering is a hybrid learning platform that delivers live and recorded video classes, structured study notes, previous-year papers (PYQs), mock tests, and faculty-led doubt resolution through a mobile application (29M+ downloads, 4.8+ rating on Google Play and App Store), a website storefront, and two physical offline coaching centers in Jodhpur and Jaipur that double as content-recording studios. The catalog spans 1,200+ courses across 16 exam categories, including SSC (CGL/CHSL/GD/MTS), Banking (IBPS/SBI), Railways, Defence, RAS/State PCS, Teaching (REET, BSTC, PTI), Nursing (NORCET), Agriculture, Judiciary, college entrance exams (NEET, JEE, CLAT, CAT, UGC NET), and school-board tuition for CBSE, RBSE, UP, Bihar, and MP boards, delivered in Hindi and English.

The business model is a multi-stream consumer subscription and tuition business. Revenue is generated from (a) online course subscriptions for live and recorded batches typically with 365-day validity, sold at promotional discounts of up to 90% during events such as the Monsoon Sale; (b) offline coaching center fees ranging from ₹5,000 to ₹1,00,000+, with installment plans and a ₹500 demo-class option; and (c) one-time sales of competitive exam books and study materials through Bookshala, a dedicated e-commerce storefront, at ₹24–₹975. The go-to-market motion is hybrid: a free-content top-of-funnel anchored by 33 YouTube channels (15.1M+ subscribers on the main channel) and free PYQs, mock tests, and current-affairs content drives organic discovery and app installs, which are then converted into paid online or offline enrollment.

The company operates as a majority-owned subsidiary of PhysicsWallah, which increased its stake to 75.50% in December 2025 (from 63.25%) under a multi-tranche Share Acquisition Terms Agreement signed in February 2023, with full ownership targeted by March 2028. Following PhysicsWallah's own IPO in November 2025, Utkarsh is part of a publicly listed edtech group's consolidated operations, though its standalone revenue is not publicly disclosed. Leadership consists of founders Nirmal Gehlot (Founder & CEO) and Tarun Gehlot (Co-Founder & CFO), with Nirmal Pathak serving as Chief Operating Officer.

Short descriptiontext

Utkarsh Classes is a Jodhpur-headquartered Indian edtech platform, founded in 2002 and majority-owned by PhysicsWallah since 2023, that delivers online and offline coaching for Central and State government competitive exams, college entrance exams, and school boards across 16 exam categories to individual student consumers in India.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersJodhpur, India
HQ citystring
Jodhpur
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
online test preparation, competitive exam coaching, government exam preparation, live online classes, educational coaching platform
NAICS code3 codes
  • Exam Preparation and Tutoring611691
  • Educational Support Services61171
  • All Other Schools and Instruction61169
SIC code1 code
  • Services-Educational Services8200
Product category
Test Preparation & Coaching
Revenue model3 records
1Online Course Subscriptions
TypeSubscription Recurring
Description

Subscription-based revenue from online courses for competitive government exams. Students pay for access to live classes, recorded sessions, study materials, mock tests, and PYQs. Courses range from free premium offerings to paid foundation, target, and master pass batches with validity periods of typically 365 days.

utkarsh.com
2Offline Coaching Fees
TypeSubscription Recurring
Description

Physical classroom coaching at centers in Jodhpur and Jaipur. Fee structure includes registration fees, study material costs, infrastructure fees, and tuition fees. Offers installment payment options ranging from 2-4 installments based on total fee amount. Fee bifurcation includes GST components.

utkarsh.com
3Bookshala Book Sales
TypeOne Time License
Description

Revenue from sale of competitive exam books through the Bookshala platform. Includes study materials, previous year paper compilations, and exam-specific books. Books are sold at discounted prices (25-80% off) ranging from ₹24 to ₹975.

utkarsh.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain, Infrastructure
Pricing details4 tiers
1Online Courses - Subscription Model
ModelSubscriptionBilling cadenceAnnual
Notes

Online courses with varying price points. Monsoon Sale offering up to 90% OFF. Recorded course FREE with Live Course. Courses include live classes, recorded sessions, study notes, mock tests. Validity typically 365 days.

utkarsh.com
2Offline Courses - Fee Range ₹5,000 to ₹1,00,000+
ModelSubscriptionBilling cadenceMulti-year contract
Notes

Offline course fees: Up to ₹20,000 - complete fee; ₹20,001 to ₹50,000 - 40% within 1 week, balance in installments; ₹50,001 to ₹1,00,000 - ₹20,000 first installment, balance in 3 installments; Above ₹1,00,000 - ₹20,000 first installment, balance in 4 installments. Demo classes available for ₹500 (max 3 days).

utkarsh.com
3Bookshala Books - ₹24 to ₹975
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Competitive exam books priced from ₹24 (80% off on ₹120) to ₹975 (35% off on ₹1,500). Includes study materials, PYQs, model papers, and subject-specific books.

utkarsh.com
4Online Course Refund - 24 Hour Window
ModelSubscriptionBilling cadenceMonthly
Notes

Full refund if requested within 24 hours of purchase. After 24 hours, refunds only under exceptional circumstances with COO approval. GST portion non-refundable. Refund processing 15-20 business days.

utkarsh.com
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 record
1Bookshala
Description

A book and study material store operated by Utkarsh Classes, offering books for competitive exams including Rajasthan CHO Exams, VDO Recruitment, Lab Assistant, Grade Teacher Exams, UGC NET/JRF/SET, and various other government exam preparation materials.

utkarsh.com
Core offering1 text field

Utkarsh Classes is a hybrid online and offline coaching platform that delivers 1200+ structured courses for Indian school students (CBSE, RBSE, UP, Bihar, MP boards) and competitive exam aspirants (UPSC, SSC, Banking, Railways, Defence, RAS, Teaching, Nursing, Agriculture, NEET, JEE, CLAT, CAT, UGC NET). Its offerings include live interactive classes, recorded video lectures, study notes, mock tests, daily quizzes, PYQs, and companion printed books, accessed primarily through a mobile app (29M+ downloads) and complemented by physical coaching centers in Jodhpur and Jaipur.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 29M+ app downloads
+3 more records
Product overview1 text field

Utkarsh Classes operates as a comprehensive educational technology platform offering 1200+ structured online and offline courses for Central and State-level Government competitive exams, school tuitions, and entrance exams. The core product is the Utkarsh Classes Online Coaching Platform accessible via website and mobile app (29M+ downloads, 4.8+ rating), supplemented by 33 YouTube channels providing free content, and two physical Offline Coaching Centers in Jodhpur and Jaipur. Add-on offerings include Bookshala for study materials, Test Series with All India Mock Tests, Previous Year Papers, Daily Quizzes, Current Affairs resources, and an 'Ask Doubts' feature for real-time query resolution. The platform covers exam categories including SSC, Banking, Railways, Defence, RAS, NORCET, Teaching (REET, Grade I/II/III), Engineering (SSC JE, RRB JE, UPSSSC-JE), Nursing, Agriculture, and entrance exams (NEET, JEE, CAT, CLAT, UGC NET), along with school tuitions for CBSE, RBSE, UP, Bihar, and MP boards.

Product and service6 records
1Utkarsh Classes Online Coaching Platform
CategoryOnline Coaching Platform
Description

A comprehensive online learning platform offering live classes, recorded sessions, study materials, and mock tests for government exam preparation including SSC, Banking, Railways, Defence, Teaching, Engineering, Nursing, and entrance exams, targeted at Indian students preparing for competitive examinations.

2Utkarsh Mobile App
CategoryMobile Learning App
Description

India's top educational app with 29M+ downloads and 4.8+ rating, providing mobile access to all Utkarsh courses, lectures, notes, quizzes, and mock tests for on-the-go exam preparation for Indian students.

3Offline Coaching Centers
CategoryOffline Coaching Centers
Description

Physical coaching centers in Jodhpur and Jaipur providing classroom-based learning experience for competitive exam aspirants with experienced faculty and comprehensive study resources, originally founded in 2002 in Jodhpur.

4Bookshala
CategoryBookstore / E-commerce
Description

E-commerce platform for purchasing study materials, books, and exam preparation resources including competitive exam guides, previous year papers, and practice sets, serving Indian students preparing for competitive exams through the companys own storefront.

5Utkarsh YouTube Channels
CategoryFree Educational Content Channels
Description

33 YouTube channels offering free educational content across various exam categories, including Utkarsh Classes (15.1M subscribers), SSC Utkarsh (1.9M), Nursing Classes (934K), and 30 other specialized channels, serving as a free content and customer acquisition channel for Indian students.

6Test Series & Mock Tests
CategoryTest Series & Assessment
Description

Subscription-based test series product offering previous year papers, topic-wise quizzes, and All India Mock Tests designed by faculty aligned to actual exam patterns, used by Indian students for competitive exam performance tracking.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

An online test-prep platform specializing in banking, SSC, and government exams, offering mock tests, video courses, and PYQ resources. Similar to Utkarsh in its emphasis on practice-driven learning, app-based delivery, and exam-specific short-format courses for working and student government aspirants.

TypeDirect peer
Description

An edtech platform focused on government exam preparation (MPSC, SSC, banking, railways, GATE) with online courses, mock tests, and PYQ-based learning. Comparable to Utkarsh on exam-category coverage, test series / mock-heavy product format, and the use of mobile + web delivery for Hindi and English medium aspirants.

TypeDirect peer
Description

A leading Indian edtech platform with categories spanning UPSC, SSC, banking, teaching, defence, and K-12 board exams. Comparable to Utkarsh on test-prep breadth, subscription-based live class delivery, and bilingual content addressing the same government exam aspirant base across India.

4Career Power (Aakash)
TypeDirect peer
Description

Hybrid online + offline coaching platform targeting SSC, banking, railways, defence, and teaching exams with strong classroom roots in northern India. Closely comparable to Utkarsh on offline coaching centers, multi-exam coverage, and bilingual delivery for state and central government recruitment aspirants.

TypeDirect peer
Description

Delhi-based offline + online coaching institute focused on SSC, banking, and Delhi/state competitive exams with experienced faculty batches. Comparable to Utkarsh on offline classroom model, multilingual Hindi-English delivery, and exam-specific short-batch cohorts for Hindi-medium government aspirants.

TypeDirect peer
Description

Utkarsh's majority parent company and directly overlapping competitor in government and competitive exam preparation (SSC, banking, teaching, defence). Highly comparable because PW's content library, test prep app, and recorded lecture format mirror Utkarsh's product positioning, and the two compete for the same Indian Hindi-medium aspirant cohort.

TypeDirect peer
Description

One of India's largest government and banking exam prep platforms offering SSC, banking, railways, teaching, and defence courses through similar online + offline hybrid models. Closely comparable to Utkarsh in target segment (government aspirants), delivery (live/recorded app-based classes), and pricing (subscription model with instalment options).

8Paramount Coaching
TypeDirect peer
Description

Established offline coaching institute for SSC, banking, and RAS aspirants offering classroom programmes and a digital presence. Comparable to Utkarsh in their shared roots in the Hindi heartland, dominance in state-level and SSC exams, and use of recorded lecture series for offline-to-online distribution.

TypeDirect peer
Description

BYJU's exam preparation vertical covering banking, SSC, railways, teaching, civil services, and government exams via app-based live/recorded classes and test series. Comparable to Utkarsh on competitive exam category overlap, subscription pricing, and mock-test-led pedagogy serving similar Hindi/English mixed cohorts.

TypeDirect peer
Description

India's leading offline coaching brand for UPSC and allied civil services exams, with growing digital offerings and recorded batches. Comparable to Utkarsh as a parallel offline-led, bilingual, exam-category specialist targeting the broader government and civil services preparation space, even as their specific UPSC overlap with Utkarsh's RAS/teaching niches is partial.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Utkarsh Classes

Test Preparation & Coachingutkarsh.com

Utkarsh Classes is a Jodhpur-headquartered Indian edtech platform, founded in 2002 and majority-owned by PhysicsWallah since 2023, that delivers online and offline coaching for Central and State government competitive exams, college entrance exams, and school boards across 16 exam categories to individual student consumers in India.

What Utkarsh Classes does

Utkarsh Classes & Edutech Pvt. Ltd. is an Indian edtech company founded in 2002 and headquartered in Jodhpur, Rajasthan, specializing in preparation for Central and State-level government competitive examinations. Its core offering is a hybrid learning platform that delivers live and recorded video classes, structured study notes, previous-year papers (PYQs), mock tests, and faculty-led doubt resolution through a mobile application (29M+ downloads, 4.8+ rating on Google Play and App Store), a website storefront, and two physical offline coaching centers in Jodhpur and Jaipur that double as content-recording studios. The catalog spans 1,200+ courses across 16 exam categories, including SSC (CGL/CHSL/GD/MTS), Banking (IBPS/SBI), Railways, Defence, RAS/State PCS, Teaching (REET, BSTC, PTI), Nursing (NORCET), Agriculture, Judiciary, college entrance exams (NEET, JEE, CLAT, CAT, UGC NET), and school-board tuition for CBSE, RBSE, UP, Bihar, and MP boards, delivered in Hindi and English.

The business model is a multi-stream consumer subscription and tuition business. Revenue is generated from (a) online course subscriptions for live and recorded batches typically with 365-day validity, sold at promotional discounts of up to 90% during events such as the Monsoon Sale; (b) offline coaching center fees ranging from ₹5,000 to ₹1,00,000+, with installment plans and a ₹500 demo-class option; and (c) one-time sales of competitive exam books and study materials through Bookshala, a dedicated e-commerce storefront, at ₹24–₹975. The go-to-market motion is hybrid: a free-content top-of-funnel anchored by 33 YouTube channels (15.1M+ subscribers on the main channel) and free PYQs, mock tests, and current-affairs content drives organic discovery and app installs, which are then converted into paid online or offline enrollment.

The company operates as a majority-owned subsidiary of PhysicsWallah, which increased its stake to 75.50% in December 2025 (from 63.25%) under a multi-tranche Share Acquisition Terms Agreement signed in February 2023, with full ownership targeted by March 2028. Following PhysicsWallah's own IPO in November 2025, Utkarsh is part of a publicly listed edtech group's consolidated operations, though its standalone revenue is not publicly disclosed. Leadership consists of founders Nirmal Gehlot (Founder & CEO) and Tarun Gehlot (Co-Founder & CFO), with Nirmal Pathak serving as Chief Operating Officer.

Utkarsh Classes firmographics

Firmographics
Name
Utkarsh Classes
Legal name
Utkarsh Classes & Edutech Pvt. Ltd.
Website
https://utkarsh.com
Company type
Private
Founded year
2002
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
Utkarsh Classes is a Jodhpur-headquartered Indian edtech platform, founded in 2002 and majority-owned by PhysicsWallah since 2023, that delivers online and offline coaching for Central and State government competitive exams, college entrance exams, and school boards across 16 exam categories to individual student consumers in India.
Ownership category
akta.pro rank

Where Utkarsh Classes is headquartered

Location

Headquarters

HQ city
Jodhpur
HQ country
India
HQ region
Asia

Offices2 records

Markets served

Utkarsh Classes business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain, Infrastructure

Revenue model

  1. Online Course Subscriptions: Subscription-based revenue from online courses for competitive government exams. Students pay for access to live classes, recorded sessions, study materials, mock tests, and PYQs. Courses range from free premium offerings to paid foundation, target, and master pass batches with validity periods of typically 365 days.
  2. Offline Coaching Fees: Physical classroom coaching at centers in Jodhpur and Jaipur. Fee structure includes registration fees, study material costs, infrastructure fees, and tuition fees. Offers installment payment options ranging from 2-4 installments based on total fee amount. Fee bifurcation includes GST components.
  3. Bookshala Book Sales: Revenue from sale of competitive exam books through the Bookshala platform. Includes study materials, previous year paper compilations, and exam-specific books. Books are sold at discounted prices (25-80% off) ranging from ₹24 to ₹975.

Pricing tiers

ModelBillingPrice
SubscriptionAnnualOnline Courses - Subscription Model
SubscriptionMulti-year contractOffline Courses - Fee Range ₹5,000 to ₹1,00,000+
Unit PricingPay-as-you-goBookshala Books - ₹24 to ₹975
SubscriptionMonthlyOnline Course Refund - 24 Hour Window

Distribution channels5 records

Marketing channels5 records

Utkarsh Classes product offering

Product offering

Core offering

Utkarsh Classes is a hybrid online and offline coaching platform that delivers 1200+ structured courses for Indian school students (CBSE, RBSE, UP, Bihar, MP boards) and competitive exam aspirants (UPSC, SSC, Banking, Railways, Defence, RAS, Teaching, Nursing, Agriculture, NEET, JEE, CLAT, CAT, UGC NET). Its offerings include live interactive classes, recorded video lectures, study notes, mock tests, daily quizzes, PYQs, and companion printed books, accessed primarily through a mobile app (29M+ downloads) and complemented by physical coaching centers in Jodhpur and Jaipur.

Product overview

Utkarsh Classes operates as a comprehensive educational technology platform offering 1200+ structured online and offline courses for Central and State-level Government competitive exams, school tuitions, and entrance exams. The core product is the Utkarsh Classes Online Coaching Platform accessible via website and mobile app (29M+ downloads, 4.8+ rating), supplemented by 33 YouTube channels providing free content, and two physical Offline Coaching Centers in Jodhpur and Jaipur. Add-on offerings include Bookshala for study materials, Test Series with All India Mock Tests, Previous Year Papers, Daily Quizzes, Current Affairs resources, and an 'Ask Doubts' feature for real-time query resolution. The platform covers exam categories including SSC, Banking, Railways, Defence, RAS, NORCET, Teaching (REET, Grade I/II/III), Engineering (SSC JE, RRB JE, UPSSSC-JE), Nursing, Agriculture, and entrance exams (NEET, JEE, CAT, CLAT, UGC NET), along with school tuitions for CBSE, RBSE, UP, Bihar, and MP boards.

Differentiator

Problem solved

Functional benefit

Brands

  • Bookshala: A book and study material store operated by Utkarsh Classes, offering books for competitive exams including Rajasthan CHO Exams, VDO Recruitment, Lab Assistant, Grade Teacher Exams, UGC NET/JRF/SET, and various other government exam preparation materials.

Products and services

  • Utkarsh Classes Online Coaching Platform A comprehensive online learning platform offering live classes, recorded sessions, study materials, and mock tests for government exam preparation including SSC, Banking, Railways, Defence, Teaching, Engineering, Nursing, and entrance exams, targeted at Indian students preparing for competitive examinations.
  • Utkarsh Mobile App India's top educational app with 29M+ downloads and 4.8+ rating, providing mobile access to all Utkarsh courses, lectures, notes, quizzes, and mock tests for on-the-go exam preparation for Indian students.
  • Offline Coaching Centers Physical coaching centers in Jodhpur and Jaipur providing classroom-based learning experience for competitive exam aspirants with experienced faculty and comprehensive study resources, originally founded in 2002 in Jodhpur.
  • Bookshala E-commerce platform for purchasing study materials, books, and exam preparation resources including competitive exam guides, previous year papers, and practice sets, serving Indian students preparing for competitive exams through the companys own storefront.
  • Utkarsh YouTube Channels 33 YouTube channels offering free educational content across various exam categories, including Utkarsh Classes (15.1M subscribers), SSC Utkarsh (1.9M), Nursing Classes (934K), and 30 other specialized channels, serving as a free content and customer acquisition channel for Indian students.
  • Test Series & Mock Tests Subscription-based test series product offering previous year papers, topic-wise quizzes, and All India Mock Tests designed by faculty aligned to actual exam patterns, used by Indian students for competitive exam performance tracking.

Quantifiable outcome

  • 29M+ app downloads
  • +3 more outcomes

Companies that use Utkarsh Classes

Customer profile

Segments5 records

Ideal customer profiles4 records

Utkarsh Classes technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Utkarsh Classes partnerships and signals

Strategic signal

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Utkarsh Classes competitors and assessment

Company assessment

Direct peers

  • Oliveboard: An online test-prep platform specializing in banking, SSC, and government exams, offering mock tests, video courses, and PYQ resources. Similar to Utkarsh in its emphasis on practice-driven learning, app-based delivery, and exam-specific short-format courses for working and student government aspirants.
  • Testbook: An edtech platform focused on government exam preparation (MPSC, SSC, banking, railways, GATE) with online courses, mock tests, and PYQ-based learning. Comparable to Utkarsh on exam-category coverage, test series / mock-heavy product format, and the use of mobile + web delivery for Hindi and English medium aspirants.
  • Unacademy: A leading Indian edtech platform with categories spanning UPSC, SSC, banking, teaching, defence, and K-12 board exams. Comparable to Utkarsh on test-prep breadth, subscription-based live class delivery, and bilingual content addressing the same government exam aspirant base across India.
  • Career Power (Aakash): Hybrid online + offline coaching platform targeting SSC, banking, railways, defence, and teaching exams with strong classroom roots in northern India. Closely comparable to Utkarsh on offline coaching centers, multi-exam coverage, and bilingual delivery for state and central government recruitment aspirants.
  • KD Campus: Delhi-based offline + online coaching institute focused on SSC, banking, and Delhi/state competitive exams with experienced faculty batches. Comparable to Utkarsh on offline classroom model, multilingual Hindi-English delivery, and exam-specific short-batch cohorts for Hindi-medium government aspirants.
  • PhysicsWallah (PW): Utkarsh's majority parent company and directly overlapping competitor in government and competitive exam preparation (SSC, banking, teaching, defence). Highly comparable because PW's content library, test prep app, and recorded lecture format mirror Utkarsh's product positioning, and the two compete for the same Indian Hindi-medium aspirant cohort.
  • Adda247: One of India's largest government and banking exam prep platforms offering SSC, banking, railways, teaching, and defence courses through similar online + offline hybrid models. Closely comparable to Utkarsh in target segment (government aspirants), delivery (live/recorded app-based classes), and pricing (subscription model with instalment options).
  • Paramount Coaching: Established offline coaching institute for SSC, banking, and RAS aspirants offering classroom programmes and a digital presence. Comparable to Utkarsh in their shared roots in the Hindi heartland, dominance in state-level and SSC exams, and use of recorded lecture series for offline-to-online distribution.
  • BYJU's Exam Prep (formerly Gradeup): BYJU's exam preparation vertical covering banking, SSC, railways, teaching, civil services, and government exams via app-based live/recorded classes and test series. Comparable to Utkarsh on competitive exam category overlap, subscription pricing, and mock-test-led pedagogy serving similar Hindi/English mixed cohorts.
  • Vajiram & Ravi: India's leading offline coaching brand for UPSC and allied civil services exams, with growing digital offerings and recorded batches. Comparable to Utkarsh as a parallel offline-led, bilingual, exam-category specialist targeting the broader government and civil services preparation space, even as their specific UPSC overlap with Utkarsh's RAS/teaching niches is partial.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Utkarsh Classes social profiles

Digital presence

Utkarsh Classes financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Utkarsh Classes leadership team

Management profile

Number of profiles

Profiles3 records

Utkarsh Classes funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Utkarsh Classes M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Utkarsh Classes

What does Utkarsh Classes do?

Utkarsh Classes is a hybrid online and offline coaching platform that delivers 1200+ structured courses for Indian school students (CBSE, RBSE, UP, Bihar, MP boards) and competitive exam aspirants (UPSC, SSC, Banking, Railways, Defence, RAS, Teaching, Nursing, Agriculture, NEET, JEE, CLAT, CAT, UGC NET). Its offerings include live interactive classes, recorded video lectures, study notes, mock tests, daily quizzes, PYQs, and companion printed books, accessed primarily through a mobile app (29M+ downloads) and complemented by physical coaching centers in Jodhpur and Jaipur.

Is Utkarsh Classes a public or private company?

Utkarsh Classes is a private company. It is classified as corporate owned and is currently operating.

When was Utkarsh Classes founded?

Utkarsh Classes was founded in 2002. It employs 1,001 to 5,000 people.

Where is Utkarsh Classes based?

Utkarsh Classes is headquartered in Jodhpur, India, in the Asia region.

How does Utkarsh Classes make money?

Three revenue lines are on record. Online Course Subscriptions are the primary driver. The others are offline Coaching Fees and bookshala Book Sales.

Who are Utkarsh Classes's main competitors?

Direct peers on record are Oliveboard, Testbook, Unacademy, Career Power (Aakash), KD Campus, PhysicsWallah (PW), Adda247, Paramount Coaching, BYJU's Exam Prep (formerly Gradeup) and Vajiram & Ravi.

Does Utkarsh Classes have an API?

No public API is recorded for Utkarsh Classes.

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Entrepreneur IndiaPhysicsWallah Increases Holding in Utkarsh Classes to 75.50%Edtech unicorn PhysicsWallah has increased its stake in subsidiary Utkarsh Classes & Edutech Private Limited to 75.50 percent, up from 63.25 percent, after its audit committee approved the acquisition of 25,599 equity shares for INR 26.50 crore in cash. The transaction is part of a multi-tranche Share Acquisition Terms Agreement signed in February 2023, with PhysicsWallah expecting to complete full ownership acquisition by March 2028. The announcement follows PhysicsWallah's recent public listing, where its shares debuted at INR 145 per share, representing a 33 percent premium over the IPO price.ET NOWPhysicsWallah share price climbs 5% after stellar Q2 show post IPO listingPhysicsWallah reported a 62% year-on-year increase in net profit to Rs 72.3 crore for Q2 FY26, with revenue from operations rising 26% YoY to Rs 1,051 crore. The company's shares jumped over 5% to Rs 145.70 on the BSE on December 9 following the results announcement. The recently listed edtech firm, which raised Rs 3,480 crore through its IPO in November and delivered a 33% listing gain, also signed a share acquisition agreement to increase its stake in Utkarsh Classes for Rs 26.5 crore.BusinessLinePhysicsWallah share price up 5% on strong Q2 earningsPhysicsWallah shares surged 5% in early trade on Tuesday after the edtech company reported strong Q2 earnings, with consolidated net profit rallying 70% year-on-year to ₹69.71 crore and standalone revenue growing 29% to ₹895.84 crore for the September 2025 quarter. The company's board also approved a third tranche of stake acquisition in Utkarsh Classes & Edutech for ₹26.5 crore, bringing its shareholding to 75.5%, along with total investments of around ₹488 crore across multiple subsidiaries including Penpencil Edu Services, Finz Fintech, and Finz Finance. Investors are now watching for the company's strategic roadmap for FY26 as it continues expanding into test preparation, upskilling, and offline learning centres across India.The Times of IndiaPhysicsWallah posts 26% rise in Q2 FY26 revenue; profit climbs to Rs 70 crorePhysicsWallah reported a 26% year-on-year increase in operating revenue to Rs 1,051 crore for Q2 FY26, with profit rising to Rs 70 crore from Rs 41 crore a year ago, driven by growth in paid users. Adjusted EBITDA margins improved to 26% from 23% in the same period last year due to improved operating leverage, though total expenses rose to Rs 999 crore from Rs 800 crore. The company also completed a third tranche of its investment in Utkarsh Classes, increasing its stake to 75.5% as part of a gradual acquisition agreement.Inc42PhysicsWallah Back In The Black, Posts INR 70 Cr PAT In Q2 FY26PhysicsWallah reported a 69% year-on-year surge in net profit to INR 69.7 crore for Q2 FY26, swinging back to profitability after a INR 127 crore net loss in Q1 FY26, while operating revenue grew 26% YoY to INR 1,051.2 crore. The edtech company also disclosed increasing its stake in Utkarsh Classes from 63.25% to 75.50% as part of a multi-tranche acquisition plan, and announced capital infusions totaling over INR 470 crore into subsidiaries including PenPencil, Finz Fintech, Finz Finance, and Knowledge Planet to fund working capital and expansion. The company went public in November 2025 and has shifted focus toward its higher-revenue-per-user offline business, which now operates 314 centres across India.NewstrailPhysicsWallah IPO: How India’s Affordable EdTech Unicorn is Democratizing Exam Prep for MillionsPhysicsWallah, India\'s affordable edtech unicorn founded by Alakh Pandey, successfully listed its IPO on November 18, 2025, raising ₹3,480 crore with shares debuting at a 33% premium and closing 44% higher on both BSE and NSE. The IPO valued the company at ₹31,500 crore ($3.7 billion), with proceeds earmarked for expanding offline and hybrid centers, and investing in subsidiaries including Xylem Learning, Utkarsh Classes, and iNeuron. The listing represents a significant milestone for India\'s $29 billion edtech market, highlighting investor confidence in PhysicsWallah\'s low-cost model that serves over 4.46 million paid users across online and offline channels.