PhysicsWallah's Vishwas Diwas: Collections Surge to ₹205 Crore, 36% YoY Growth

PhysicsWallah's annual Vishwas Diwas event has concluded with provisional collections reaching ₹205 crore, a significant 36% increase year-over-year. The edtech company reported student enrollments climbed 21%, with particularly strong growth in newer areas like State Boards (up 178%) and vernacular courses (up 100%). The event's provisional numbers are subject to audit.

Event Highlights

PhysicsWallah announced the provisional results for its annual Vishwas Diwas event, which concluded on March 20, 2026. The event collected ₹205 crore, marking a 36% increase from the prior year.
Overall student enrollments rose by 21% year-over-year. The company highlighted strong performance in newer categories, with State Boards segment enrollments surging 178% and vernacular batches jumping 100%.
PW's AI tools, such as AskAl, were also a key feature, handling 2.97 million questions and achieving a 92.6% student satisfaction rate.

Why This Growth Matters

This strong performance shows PhysicsWallah is continuing to expand and gain market share in India's competitive edtech sector. The growth signals strong confidence from students and parents in PW's offerings. This is especially true for its strategic expansion into various academic areas beyond its original focus on competitive exams.
The success also supports the company's investment in AI tools for education, which appear to improve student experience and engagement.

About PhysicsWallah and the Event

PhysicsWallah, founded by Alakh Pandey, is known for its affordable, accessible education model, operating through online and offline channels. The annual Vishwas Diwas event is a key part of its customer engagement strategy.
Previous Vishwas Diwas events have also reported strong results. For instance, the March 2023 event brought in over ₹100 crore in revenue and saw more than 200,000 enrollments.
PW has been actively integrating AI, launching its 'Alakh AI suite' in late 2023. This suite includes tools like AI Guru and Sahayak for personalized learning and academic support.
The company's strategic diversification into State Boards and vernacular content aims to reach a wider student base.

Impact of This Performance

• Increased market reach thanks to significant growth in State Board and vernacular enrollments.
• Confirmation of PW's strategy to broaden its offerings and serve more educational needs.
• Greater adoption and recognition of value for AI learning tools like AskAl.
• Proof of continued revenue growth momentum for the company.

Risks to Watch

• The reported collections are provisional and subject to review and audit by the company's Statutory Auditors. Final audited figures could differ.
• Past disclosures in IPO draft papers revealed safety incidents at its centres, highlighting potential operational risks as it expands offline.
• The company has faced disputes with former teachers over alleged bribery and accusations of harassment.

Peer Comparison

PhysicsWallah operates in a highly competitive edtech sector against players like Unacademy, Vedantu, and Byju's.
While competitors like Unacademy focus on live online learning and Vedantu on live tutoring, PW differentiates through its affordability and hybrid model.
Byju's, a sector pioneer, is currently navigating significant financial and operational challenges, contrasting with PW's current growth trajectory.

Key Figures

• Provisional collections from Vishwas Diwas event: ₹205 crore (FY26 provisional).
• Year-over-year growth in collections: 36% (FY26 vs FY25 provisional).
• Year-over-year growth in enrollments: 21% (FY26 vs FY25 provisional).
• Growth in State Boards enrollments: 178% (FY26 provisional).
• Growth in vernacular batches enrollments: 100% (FY26 provisional).

Looking Ahead

• The final audited figures from the company's Statutory Auditors.
• Future enrollment trends, especially in the growing State Board and vernacular segments.
• How AI tools continue to impact student outcomes and efficiency.
• Any further updates on PhysicsWallah's expansion plans.