This association will reinforce Veranda RACE's position in the competitive exam test prep segment and deepen its suite of learning offerings to its student community in Kerala. Veranda RACE is also teaming up with Phire, a placement-oriented training company that offers expert training for recruitment in Private Banking and BFSI sector.

Talent Academy, a test prep coaching centre in existence for over 15 years in Kerala, offers training for various competitive exams including the highly sought after Kerala PSC exams. It also operates in the publication business and enjoys a tremendous brand recall in the state of Kerala. This association will enable Talent Academy and Veranda RACE to further strengthen their dominant positions in Kerala.

Additionally, this partnership presents a valuable opportunity for Veranda RACE to introduce its best selling Banking exam Test prep books to Talent's extensive student network, further enhancing the educational support for competitive exam aspirants.

Veranda Learning Solutions, part of the Kalpathi AGS Group, is a public listed education technology company that offers a bouquet of training programs for competitive exam preparation, including state public service commission, banking, insurance, railways, IAS, and CA, as well as a slew of professional skilling and upskilling programmes.

The company reported a consolidated net profit of Rs 38.68 crore in the quarter ended March 2023 as against net loss of Rs 20.94 crore during the previous quarter ended March 2022. Sales rose 66.24% to Rs 48.41 crore in Q4 FY23 over Q4 FY22.

The scrip shed 0.67% to currently trade at Rs 178.50 on the BSE.