The strategic partnership aims to combine resources, expertise, and vision to further enhance the quality of education across the region
India, October 25, 2024: Arihant Academy Ltd. (NSE:ARIHANTACA), Mumbai’s premier coaching institute for SSC, ICSE, CBSE, Science & Commerce, has announced the acquisition of a majority stake in Zen Educational and Learning (ZEAL Academy), a coaching institute known for its exceptional track record in creating IITians and doctors. The valuation is priced at INR 17 crores. This well-planned acquisition will enable Arihant Academy to expand its academic portfolio in the Mumbai Metropolitan Region and cater to a larger student base with top-notch learning pedagogy.
The acquisition enables Arihant Academy to combine its extensive resources and expertise in science and commerce with Zeal Academy’s specialized focus on IIT, JEE (Mains & Advanced), and NEET. Students will be the biggest beneficiaries, as they gain access to the ergonomic infrastructure and high educational standards of both institutes across all locations. Moreover, STEM students can now pursue comprehensive, high-quality education throughout their entire academic journey. This also expands Arihant’s presence across Navi Mumbai.
During the signing ceremony, Anil Kapasi, Managing Director, Arihant Academy, said, “This acquisition is a noteworthy step in expanding our presence into new geographical markets. By merging ZEAL Academy’s local expertise with Arihant Academy’s proven teaching methods, we aim to create a more comprehensive learning experience and a stronger educational framework for students across the metropolitan region. It allows us to pool our resources, enriching the educational journey and extending our offerings to higher-grade students preparing for competitive exams. This aligns with our growth vision, creating value for students, parents, educators, and partners in sync. We believe this move will not only enhance our offerings but also broaden our impact on the educational landscape.”
Founded by IITians, ZEAL Academy has a proven track record of producing over 1000 IITians and has gained a strong reputation for its track record of students achieving their academic goals. The academy offers a wide range of courses, including foundation courses for classes 8-10, as well as preparation for competitive exams for classes 11th and 12th, focusing on JEE Main & Advanced and NEET.
Kunal Pathak, Partner, ZEAL Academy, said, “This investment is a testament to our pursuit of excellence, and is a significant milestone for ZEAL Academy’s journey of growth and innovation. It strengthens our portfolio and allows us to expand our offerings. This creates significant synergies for our students, while enabling unmatched learning experiences.”
Samir Sanghvi, a transaction advisory expert and a Co-founder at InCorp Global in India, “We are proud to have advised on another strategic acquisition in the education sector. Our cross-functional teams worked seamlessly to address every aspect, from due diligence to tax structuring, ensuring that the transaction was not only successful but fully aligned with all legal and regulatory requirements. This reflects InCorp Global’s commitment to partner with fast growing organizations on their strategic and transactional challenges.”
InCorp Global, a leading provider of corporate solutions in the APAC region, has provided end-to-end advisory and execution for the transaction. The transaction was executed through a cross-functional team approach across Investment Banking, Tax Advisory, Risk Assurance, and Corporate Secretarial Compliances.
Corporate Comm India (CCI Newswire)
