M&A

Physicswallah takes full control of Bharat Innovation Global (BIGPL)

What's the deal? Physicswallah has agreed to acquire the remaining 10% equity stake in Bharat Innovation Global (BIGPL)Dealroom has a profile for this one. Try Dealroom →, lifting its holding from 90% to 100% and turning the education-focused firm into a wholly owned subsidiary. The company bought the shares from NSDC International Limited. No consideration is payable, under terms tied to cancelling the shareholders' agreement.

Why now? Physicswallah's board approved the definitive documents on 14 August 2026. It expects to complete the deal within six months of that approval.

What's the endgame? The move consolidates full control of BIGPL, which offers online and offline coaching in partnership with government bodies and educational institutions across India. Incorporated in November 2024, BIGPL is a young unit inside Physicswallah's expanding education portfolio.

By the numbers: BIGPL remains small and unprofitable. It reported turnover of INR 16,51,548 and a negative net worth of INR (66,90,740), on paid-up capital of INR 1,00,000. Turnover rose to INR 0.16 crore in FY 2025–26 from nil the prior year.

Stock watch: Physicswallah shares slipped on Friday, closing at ₹117.12, down ₹0.62 or 0.52% from the previous close. The stock traded 5.45 million shares and touched a day low of ₹115.6.

The signal: Buying out a minority partner at no cost lets Physicswallah simplify ownership and fully absorb a niche unit built around government and institutional coaching tie-ups. It is a modest consolidation of the ownership structure as the edtech firm continues to manage its education portfolio.

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Image credit: University of Salford

Source: dealroom

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