New Delhi: Edtech unicorn-turned-listed company PhysicsWallah Limited (PW) has approved fresh investments exceeding ₹470 crore across four of its wholly-owned subsidiaries, strengthening its push into online education, fintech services, and overseas expansion. The approvals were granted by the Audit Committee at its meeting held on December 8, 2025, the company said in a regulatory filing.
PW will invest up to ₹399.85 crore in PenPencil Edu Services, its core content and digital LMS arm that runs online classes and tutorial solutions for schools, coaching institutes, and educators. PenPencil has been one of PW’s highest-performing subsidiaries, reporting a turnover of ₹784.2 million in FY25.
The company will also infuse ₹20 crore into Finz Fintech Private Limited—its consulting and process outsourcing venture—and ₹50 crore into Finz Finance Private Limited, which recently secured an NBFC licence and is yet to commence full-scale operations. Both investments are intended to meet working capital needs.
PW is additionally committing up to USD 2 million to Knowledge Planet Holding Limited (KPHL), its UAE-based education support and training subsidiary that posted revenues of AED 15 million in FY25. The company said the infusion will support expansion initiatives in the Middle East.
The transactions, being investments in wholly-owned subsidiaries, fall under related-party transactions but are conducted at arm’s length, PW clarified.
All four subsidiaries will remain wholly owned, with no change in shareholding.