PhysicsWallah, an edtech unicorn, has authorized a Rs 120 crore investment into its wholly-owned subsidiary FinZ Finance in order to bolster the company’s entry into the financial services industry.
The investment through subscription to up to 2.66 crore equity shares of FinZ Finance on a rights basis was approved by PhysicsWallah’s audit committee, according to its stock exchange filing. At an issue price of Rs 45 per share, the investment will be made in cash.
According to the company, the capital infusion will help FinZ Finance expand its business operations and meet its working capital needs.
The Reserve Bank of India granted FinZ Finance an NBFC license in September 2025 after it was incorporated in July 2024. The subsidiary started operating in March of this year and offers hire purchase, leasing, and financing services to individuals, corporations, and consumers.
The action demonstrates PhysicsWallah’s expansion into related consumer-focused markets after its stock market debut, going beyond its primary test-prep business. In addition to supporting FinZ Finance in growing its financial services business, the company entered the yoga and wellness sector earlier this year when it increased its ownership in Kay Lifestyle and Wellness (Kamya Yoga & Wellness).
Additionally, the Noida-based edtech company plans to purchase a portion of Rojgar with Ankit.
In December of last year, the company expanded its investment in Utkarsh Classes and Xylem Learning.
PhysicsWallah reported a 34% year-over-year increase in operating revenue to Rs 1,082 crore in Q3 FY26, while its profit exceeded Rs 100 crore during the quarter. The company is anticipated to submit its Q4 FY26 results shortly.
PhysicsWallah’s shares were trading at Rs 111.95 as of 1:37 PM today, giving the business a total market capitalization of Rs 32,318 crore ($3.4 billion).
