1. Veranda Learning Solutions Ltd ( “The Company”) is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid and offline blended formats to students, aspirants, and graduates (collectively “Students”) professionals and corporate employees (“Learners”) enrolled with its courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short term upskilling and reskilling courses

2. The Company has established a strong presence in competitive exam-oriented courses, particularly in Banking, SPSC, Insurance, RRB and SSC.

3. It is an asset-light Ed-Tech company and have the content and multiple delivery platforms, which it has built, created, developed, acquired and which will be the key drivers for its business in the future as its core strengths

4. Company’s business model leverages on growing technologies and uses up-to-date technology to deliver digital courses, which enables the students to engage in self-paced learning. All digital content, including the study materials, is uploaded on cloud-based labs, which may be accessed across the world without any geographical constraints

5. Veranda Learning Solutions’s substantial investments are in content, courseware and technology, with minimum investments in tangible assets. It is expanding its offline presence by engaging with PDPs, where it will develop and manage PDCs. This will enable us to swiftly expand our network with minimum investments

6. During the nine-month period ending December 31, 2021, a total of Online Students and professionals have enrolled across all its courses, of which 16,793 has enrolled for offline models and 25,874 for online model

7. With the acquisition of Edureka, the company has entered into the market to provide instructor -ed learning in the niche information technology area-related courses. The acquisition of Edureka also facilitates the company’s access to international markets – the United States and the United Kingdom. Through this acquisition, the company will continue to expand its overseas customer base.

8. The company has been successful in selectively identifying strategic acquisitions, investment opportunities and collaboration targets in diversified portfolio of courses and services across the globe and aim to continue this trend across various geographies to expand the presence of its company in other areas related to the education sector

9. Company’s strengths lie in continuously updating and upgrading its content so that its Students and corporates can acquire new skills, sharpen existing ones, perform better and increase productivity. We also have a centralized in-house process for training the Mentors to ensure consistent standards of quality and delivery across our courses.

10. For developing offline study material, the Company has an in-house content team, third-party mentors and instructors and an editorial team with vast experience in their respective domains who curate and prepare content for the study material. For Online content development, the recording for the digital content is done in its own recording studios with high definition video cameras, niche editing systems and software

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