What Veranda does

Veranda RACE Learning Solutions Pvt. Ltd. (DBA Veranda RACE) is a Chennai-headquartered, for-profit coaching institute founded in 2012 that prepares candidates for Indian Bank (SBI/IBPS/RBI), Insurance, SSC, TNPSC state government, Railways (RRB/RPF) and TNUSRB police recruitment examinations. It is a subsidiary of Veranda Learning, whose parent filed for IPO in 2021. The company delivers a blended learning model through three channels: (1) 40+ offline classroom centres across Tamil Nadu, Kerala, Karnataka and Puducherry; (2) LIVE online courses via its website and iOS/Android apps, available in Tamil, Malayalam, Kannada and Telugu; and (3) a residential programme at the Brindhavan Campus (Kadakkal/Practice Village). Course fees range from ~₹12,000 to ~₹30,000 with 3-year validity online and include proprietary books, study materials, daily mentor sessions and mock interviews with Ex-RBI/NABARD/bank officials.

The platform is built on a conventional web-based LMS delivering live online classes, recorded video lessons, online mock tests (1,800+ for Bank/TNPSC), quizzes, and current-affairs magazines, complemented by an R&D team producing proprietary study materials and a structured Five-Step Learning Programme (Foundation → Prelims → Mains → Test → Interview). Distribution is supported by five dedicated YouTube channels (Veranda RACE Bank 5.83L, TNPSC 4.01L, SSC & Railways 1.68L, Malayalam 73.4k, Kannada 28.6k, TRB 5.2k subscribers) and a franchise model. The company claims 2 lakh+ registered students, 50,000+ official selections, and 45,000+ alumni, with quantified 2024 outcomes including 527 IBPS PO, 578 IBPS Clerk, 306 IBPS RRB Clerk, 208 SBI RRB PO selections, and a 67% share of IBPS RRB vacancies in Tamil Nadu.

The business model is largely one-time course fees (offline, online, residential) with 8–45% introductory discounts, plus franchise royalties and a small books/materials line. The company has built institutional channels through MoUs with TNSDC ('Naan Mudhalvan' scheme, 5 lakh+ students), TAHDCO (60,000+ SC/ST students), Annamalai University and NEMI Education (IIT Indore-certified PGP in BFSI, 2025). It reports 101–250 employees, is 'operating', and is privately held with no public revenue disclosure.

Name

Veranda

Legal name

Veranda RACE Learning Solutions Pvt. Ltd.

Website

https://verandarace.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Veranda RACE is a Chennai-headquartered, South India-focused coaching institute preparing aspirants for Bank, SSC, TNPSC, Railways and TNUSRB competitive exams via 40+ offline centres, live online courses in Tamil/Malayalam/Kannada, and a residential campus, serving 2 lakh+ registered students under parent Veranda Learning.

Ownership category

akta.pro rank

Product category

Competitive Exam Coaching and Test Preparation

NAICS

Exam Preparation and Tutoring (611691), Professional and Management Development Training (61143)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Securities & Investment Licensing Exam Prep (FINRA Series 7/63/65/66, SIE) (EDANAIAJ)

akta.pro secondary industry

Finance, Accounting & Risk (CFA/CPA/FRM) Certifications (EDAAANAD)

Keywords

• Competitive exam coaching
• Banking exam preparation
• SSC TNPSC coaching
• Live online test series
• Residential coaching programme

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices29 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Offline Classroom Courses: In-person classroom coaching at 40+ offline centres across Tamil Nadu, Kerala, Karnataka, and Puducherry. Students pay course fees for Banking, SSC, TNPSC, Railways, and TNUSRB offline coaching programmes. Prices range from ₹16,250 (TNPSC Group 4 Offline) to ₹30,000 (Bank Offline).
2. LIVE Online Courses: Live online classes with recorded video access for 3 years, complemented by study materials, mock tests, and mentor sessions. Students pay upfront course fees (₹12,000–₹17,000) with validity of 3 years. Course categories include Bank, SSC, TNPSC, Railways, and combination packages.
3. Residential Courses (Practice Village): Residential campus-based preparation programmes at the Brindhavan Campus (Kadakkal) offering intensive in-person coaching with dedicated mentors, study halls, libraries, and daily tests. Students pay for the full residential programme.
4. Books and Study Materials: Sale of proprietary exam preparation books (5 books for Bank courses, 24 for Railways, 20+ for SSC/Railways, 5 for SSC) and 400+ study materials as part of course packages or standalone purchases. The company offers 15+ branded Veranda RACE books.
5. Franchise Revenue: The company operates a franchise model, licensing its brand, curriculum, and operational framework to run offline centres across South India, generating franchise fees and royalty income.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

Veranda RACE is an education and coaching company that prepares individual aspirants for Indian banking (SBI, IBPS, RBI, NABARD, insurance exams), SSC (CGL, CHSL, MTS, CPO, etc.), TNPSC state government, Indian Railways (RRB/RPF), and TNUSRB police recruitment examinations. It delivers coaching through offline classroom centres, LIVE online classes (in Tamil, Malayalam, Kannada, Telugu, English), residential programmes, proprietary study materials and books, and an online mock test platform, supported by an internal R&D team and a network of 5+ YouTube channels.

Product overview

Veranda RACE is an exam coaching platform offering a multi-format learning system comprising offline classroom courses at 40+ centers across Tamil Nadu, Kerala, and Karnataka, LIVE online courses in multiple Indian languages (Tamil, Malayalam, Kannada), and residential programs at dedicated campuses. The product portfolio includes specialized courses for Bank exams (SBI PO, IBPS PO, IBPS Clerk, RBI, NABARD, LIC), SSC exams (CGL, CHSL, MTS, CPO, GD Constable, Stenographer), TNPSC state exams (Group 1, 2, 2A, 3, 4, 7), Railways/RRB exams (NTPC, Group D, ALP, Technician), and TNUSRB police exams. Key course offerings include Bank Online Course, SSC Online Course, TNPSC Online Course, Railways Online Course, and various combined courses like Bank & TNPSC, SSC & TNPSC, Bank & Railways. The platform also provides complementary YouTube channels with over 12 lakh combined subscribers. Delivery includes structured learning paths with five-step methodology (Foundation, Prelims, Mains, Test, Interview batches), 5-25 books per course, 100-1500+ study materials, 300-1800+ online quizzes/mock tests, and mentor support.

Differentiator

Problem solved

Functional benefit

Products and services

• Bank Online LIVE Course (Tamil) An end-to-end online banking exam preparation programme delivered in Tamil for SBI PO, IBPS PO/Clerk, RBI, NABARD and insurance exams. Includes 560+ hours of live online classes, recorded video access with 3-year validity, 5 books, 100+ study materials, 560+ quizzes, monthly current affairs magazine, mentor sessions and mock interview sessions by Ex-RBI/NABARD/bank officials. Targeted at Tamil-speaking bank exam aspirants across Tamil Nadu, Kerala, Karnataka and Puducherry.
• Bank Online LIVE Course (Malayalam) Banking exam preparation course delivered in Malayalam language for Kerala-region students targeting SBI, IBPS, RBI, NABARD and insurance exams with the same five-step methodology, live classes, books, study materials, mock tests, and mock interview sessions as the Tamil version.
• Bank Online LIVE Course (Kannada) Banking exam preparation course delivered in Kannada language for Karnataka-region students targeting SBI, IBPS, RBI, NABARD and insurance recruitment, including live online classes, study materials, mock tests and mentor support.
• SSC & TNPSC Combined Online LIVE Course A bundled online preparation programme covering SSC (CGL, CHSL, MTS, CPO, etc.) and TNPSC (Group I–VII) exams with 1500+ hours of online classes, 5 books, 400+ study materials, 1500+ quizzes, monthly CA magazine and 3-year validity. Targeted at bilingual aspirants seeking central and Tamil Nadu state government roles.
• TNPSC Online LIVE Course An online Tamil-medium preparation programme for Tamil Nadu state government TNPSC Group I, II, IIA, III, IV and VII exams, including bilingual monthly current affairs magazine content, mock tests, study materials and mentor guidance. Targeted at Tamil Nadu aspirants.
• Railways Online LIVE Course (Tamil) Online preparation programme for Indian Railways RRB exams (NTPC, Group D, ALP, Technician, JE) and RPF (SI, Constable) delivered in Tamil with 700+ hours of online classes, 5 books, 60+ study materials, 700+ quizzes and 3-year validity, plus mentor sessions and English-medium study materials.
• TNPSC & Railways Combined Online LIVE Course Combined online programme for Tamil Nadu state government TNPSC exams and Indian Railways RRB/RPF exams with 1500+ hours of online classes, 24 Railways books, 400+ study materials, 1500+ quizzes, bilingual monthly CA magazine and 3-year validity.
• SSC & Railways Combined Online LIVE Course Combined online programme for SSC (CGL, CHSL, MTS, etc.) and Indian Railways RRB/RPF exams with 1500+ hours of online classes, 20+ SSC & Railways books, 400+ study materials, 1500+ quizzes and 3-year validity.
• Bank & Railways Combined Online LIVE Course Combined online programme for Bank (SBI, IBPS, RBI, NABARD, LIC, etc.) and Indian Railways RRB/RPF exams with 1000+ hours of online classes, 25 books, 300+ study materials, 1000+ quizzes and 3-year validity.
• Bank & TNPSC Combined Online LIVE Course Combined online programme for Bank (SBI, IBPS, RBI, NABARD, insurance) and Tamil Nadu TNPSC state government exams, including live classes, study materials, mock tests, current affairs content and 3-year validity.
• Bank & SSC Combined Online LIVE Course (Tamil) Combined online preparation for Bank and SSC exams delivered in Tamil with live classes, digital study materials, mock tests and monthly current affairs content; companion Malayalam and Kannada medium versions are also offered.
• TNPSC Group 2 Mains Hybrid Classes and Test Series Hybrid online-plus-classroom coaching programme for the TNPSC Group 2 Mains examination covering 105+ hours of TNPSC Group 2 Mains classes, 13 Sectional Mock Tests, 3 Group 2 Mains Full Mock Tests, and Current Affairs & Schemes Digital Study Materials in PDF. Targeted at Tamil Nadu aspirants preparing for the TNPSC Group II/IIA mains stage.
• TNTET Online Hybrid Coaching Course Tamil Nadu Teacher Eligibility Test (TNTET) preparation programme with 200+ hours of online classes, 25+ study materials, 50+ TNTET quizzes, 6 months validity, and weekend mentor sessions at the nearest RACE branches. Targeted at Tamil Nadu candidates preparing for the Tamil Nadu Teacher Eligibility Test.
• Bank Offline Classroom Course Classroom-based banking exam preparation course delivered at 40+ Veranda RACE offline centres across Tamil Nadu, Kerala, Karnataka and Puducherry, including 1000+ hours of classroom coaching, 30+ Bank and Insurance mock tests, study materials and regular mentor sessions. Targeted at in-person bank exam aspirants across South India.
• SSC Offline Classroom Course Classroom-based SSC exam preparation programme delivered at 40+ Veranda RACE offline centres across Tamil Nadu, Kerala, Karnataka and Puducherry, including 30+ SSC full mock tests, SSC exam study materials, and regular mentor sessions.
• TNPSC Group 4 Offline Classroom Course Classroom-based Tamil Nadu TNPSC Group 4 preparation programme with 30+ TNPSC full mock tests and regular TNPSC mentor sessions delivered at 40+ Veranda RACE offline centres. Targeted at Tamil Nadu Class 10+ candidates.
• TNPSC Group II Prelims Offline Classroom Course Classroom coaching for the TNPSC Group II Prelims examination with Tamil-medium and English-medium tracks, delivered at 40+ Veranda RACE offline centres. The English-medium version includes 1000+ hours of classroom coaching and 30+ mock tests. Targeted at Tamil Nadu state government aspirants.
• TNUSRB SI Offline Classroom Course Classroom coaching programme for the Tamil Nadu Uniformed Services Recruitment Board (TNUSRB) Sub-Inspector examination, including 30+ mock tests and dedicated study materials, delivered at Veranda RACE offline centres across Tamil Nadu.
• Railways Offline Classroom Course Classroom-based Indian Railways RRB (NTPC, Group D, ALP, Technician, JE) and RPF preparation programme with 30+ mock tests, study materials and regular mentor sessions delivered at 40+ Veranda RACE offline centres across South India.
• Bank & Railways Combo Offline Classroom Course Combined classroom coaching programme for Bank (SBI, IBPS, RBI, NABARD, LIC, etc.) and Indian Railways (RRB) exams delivered at 40+ Veranda RACE offline centres across Tamil Nadu, Kerala, Karnataka and Puducherry.
• TNPSC & Railways Combo Offline Classroom Course Combined classroom coaching programme covering Tamil Nadu TNPSC state government exams and Indian Railways (RRB) exams, delivered at 40+ Veranda RACE offline centres across South India.
• Residential Courses (Practice Village) Residential intensive coaching programme at the Brindhavan Campus (Kadakkal, Kerala and Malayambakkam, Chennai) featuring dedicated mentors, study halls, libraries and daily tests for Bank and PSC exam aspirants. Targeted at students seeking immersive, distraction-free preparation away from home.
• Veranda RACE Books and Study Materials Proprietary exam preparation books and study materials produced by the in-house R&D team, including 5 books per Bank course, 24 Railways books, 20+ SSC & Railways books and 5 SSC books, alongside 400+ study materials per course and 60+ Braille books for visually challenged TNPSC aspirants. Sold as part of course packages or as standalone study material.
• Veranda RACE YouTube Content Channels Five dedicated free YouTube channels — Veranda RACE Bank (Tamil, 5.83 lakh+ subscribers), TNPSC (Tamil, 4.01 lakh+ subscribers), SSC & Railways (Tamil, 1.68 lakh+ subscribers), Karnataka (Kannada, 28.6k subscribers), Malayalam (73.4k subscribers), and TRB (5.2k subscribers) — providing free exam preparation video content, current affairs and tips. Combined the channels have 12+ lakh subscribers and act as both a standalone free learning channel and a top-of-funnel acquisition funnel for paid courses.
• Veranda RACE Franchise Programme A franchise/licensing programme that enables licensed operators to open and operate Veranda RACE-branded offline coaching centres under the company's brand, curriculum and operational framework, generating franchise fees and royalty income for Veranda RACE. Listed as 'Franchise' in the website footer.
• Post Graduate Program in Banking, Financial Services and Insurance (BFSI) — IIT Indore Certified Post Graduate Program in Banking, Financial Services and Insurance (BFSI) certified by IIT Indore, offered through Veranda RACE's MoU with NEMI Education. Targeted at graduates and working professionals seeking a certified academic qualification for careers in banking and insurance.

Quantifiable outcome

• 50,000+ official selections across Bank, SSC, TNPSC, Railways and TNUSRB exams
• +10 more outcomes

Named customers22 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• NEMI EducationcoreStrategic or Co-development Partner · 9 April 2025Veranda RACE announced the signing of MoU with NEMI Education to offer an IIT Indore certified Post Graduate Program in Banking, Financial Services, and Insurance (BFSI). This partnership adds a certified academic programme to Veranda RACE's offerings.
• Talent AcademyminorChannel Partner/ Reseller/ Distributor · 5 June 2023Veranda RACE expanded its reach through partnerships with Talent Academy for distribution of coaching programmes to a wider student base. Coverage from Business Standard.
• Tamil Nadu Adi Dravidar Housing and Development Corporation (TAHDCO)coreStrategic or Co-development Partner · 20 August 2022TAHDCO signed an MoU with Veranda Learning to conduct free educational training for competitive Bank exams for SC & ST students in Tamil Nadu under Veranda RACE. Impact: 60,000+ registered students, 50+ preparation books, 1000+ study materials. Media coverage from The Print, Business Standard, News18 Tamil.
• Annamalai University (Annamalai University, Chidambaram)coreStrategic or Co-development Partner · 19 August 2022Annamalai University entered into an MoU with Veranda RACE Learning Solutions to conduct competitive exam training for students. This partnership enables university students to access Veranda RACE's coaching programmes.
• Tamil Nadu Skill Development Corporation (TNSDC)coreStrategic or Co-development PartnerTNSDC entered into a state-wide partnership with Veranda Learning to provide coaching for bank and government exams through the 'Naan Mudhalvan Scheme'. The scheme provides skill development and career guidance to students across Tamil Nadu. Impact: 5,00,000+ students, 27,00,000+ training hours, 1,000+ classes, 50,000+ official selections, 25+ learning centres.
• Multiply (Implied Digital Partner)minorOthersMultiply brand is co-branded with Veranda RACE and TN Government on the Naan Mudhalvan Scheme initiative, suggesting a digital/skills platform partnership.

Scale indicators34 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Oliveboard: Banking and government exam preparation platform offering mock test series, video courses, and study materials. Direct competitor in IBPS/SBI/RRB exam prep with comparable online-only delivery model.
• IBPS Guide: Online portal providing free study materials, mock tests, and paid courses for IBPS, SBI, SSC, and other banking exam preparation. Competes in the same exam categories with a primarily online distribution model.
• PracticeMock: Mock test and online course provider for Bank, SSC, Insurance, and government exams. Directly comparable in online test prep offerings and exam category coverage.
• Unacademy: India's largest online test prep platform offering courses for Bank, SSC, Railways, and government exams via live classes and recorded content. Direct competitor in the same exam categories with national reach and significant venture capital backing.
• Adda247: One of India's leading Bank PO, SSC, and government exam preparation platforms with both online and offline coaching centres. Operates in Hindi-belt and is expanding vernacular coverage, posing a competitive threat to Veranda RACE's regional base.
• Exampur: Government exam preparation platform focused on SSC, Banking, Railways, and state-level exams with both online courses and YouTube-led acquisition. Comparable in vernacular content-led model but focused on Hindi-belt.
• Testbook: Online platform specializing in Bank, SSC, Railways, and government exam preparation with mock tests, live classes, and study materials. Directly competes with Veranda RACE in exam categories and vernacular content strategy.

Broad incumbents

• BYJU'S Exam Prep (formerly Gradeup): BYJU'S online test prep vertical for Bank, SSC, Railways, and government exams. Part of the larger BYJU'S edtech ecosystem with substantial capital, national distribution, and brand recognition.
• Career Launcher (CL): Established test prep company with classroom and online offerings for Bank, SSC, MBA, and government exams. Has pan-India offline centre footprint and competes with Veranda RACE in shared exam categories.

Others

• RACE Institute (legacy brand): Original RACE Institute brand (now rebranded under Veranda RACE) with historical presence in South India banking exam coaching. Listed as adjacent because it represents the predecessor entity that became part of Veranda RACE.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/_VerandaRACE
• YouTubeyoutube.com/@verandarace_tamil_bank
• Facebookfacebook.com/verandarace
• LinkedInlinkedin.com/company/veranda-race
• Instagraminstagram.com/verandarace/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Veranda