The platform recorded 4.13 million unique transacting users on its online channel
FinTech BizNews Service
Mumbai, October 8, 2025: IPO-bound PhysicsWallah, which has built its reputation on affordable test preparation in India, has established itself among the top five education companies in terms of revenue in India and one of the fastest growing companies in terms of revenue growth during Fiscals 2022 to 2024. In FY25, the platform recorded 4.13 million unique transacting users on its online channel and expanded its offerings to 13 education categories, reflecting steady growth in both scale and reach.
Among the top five education companies in India by revenue, PhysicsWallah today stands as the largest student community in the country, with its flagship YouTube channel “Physics Wallah – Alakh Pandey” amassing 13.7 million subscribers as of July 15, 2025. Collectively, PW’s digital presence has exploded to 98.8 million subscribers across 207 YouTube channels by June 2025, growing at an impressive 41.8% CAGR between FY23 and FY25.
Founded with a mission to democratize education, PW started with free courses on YouTube and today operates a multi-channel ecosystem which comprises online platforms, tech-enabled offline centers and hybrid two-teacher classrooms, designed to offer maximum flexibility to students. Whether preparing for JEE, NEET, UPSC, GATE, SSC, or CUET, learners now have access to engaging pedagogy and tech-backed tools that make studying smarter and more effective.
The numbers reflect this deep student affinity. PW’s daily active users surged from 0.93 million in FY23 to 2.70 million in FY25, while average student engagement time climbed from 93 minutes to 111 minutes during the same period.
PW’s disruptive edge lies in its affordable pricing strategy. Its paid test preparation courses, covering JEE, NEET, and UPSC remain among the most affordable in India, ensuring that quality education reaches students in every corner of the country.
In FY25 alone, the company recorded 4.46 million paid users, up from 1.76 million in FY23, while the average collection per online user (ACPU) rose to ₹3,682.79, a sign of both affordability and scalability in its model. PW’s hybrid and offline models complement this reach. As of March 2025, PW operated 198 physical centers across 109 cities in India and the Middle East, giving students the option of traditional classrooms enhanced with digital tools.
The strength of PW’s student-first brand is most visible on social media. By June 30, 2025, the company had 888 channels and handles across YouTube and other social platforms, 119.27 million cumulative subscribers/followers and 22.85 billion cumulative YouTube views.
PW has invested heavily in its proprietary technology stack, designed to empower both students and teachers. From course planning to instant doubt resolution and automated grading, PW ensures efficient pedagogy at scale. Its content library is among the most comprehensive in the industry, with 3,582 published books and over 8.20 million question banks as of March 2025. Micro-videos, recorded lectures, live classes, and adaptive tests further enrich the learning experience. Beyond test prep, PW is diversifying into professional skills development and upskilling courses, addressing India’s evolving education-to-employment gap. With apps like PW MedEd (for NEET PG), PW Curious Jr. (for early learners), and Utkarsh (for government exams), PW is expanding across the entire education lifecycle.
PW’s 14 dedicated apps form the backbone of its digital presence, with a staggering 64.5 million cumulative downloads by March 2025. Its flagship app PW – JEE/NEET, UPSC, GATE, SSC continues to be a favourite among students, boasting a 4.6 rating on the Google Play Store. For parents, apps like PW Parent ensure active involvement in their child’s academic journey, while PW Drona supports teachers with classroom tools.
PW’s rapid expansion of education categories from just six in 2023 to 13 by 2025 underscores its ambition to be present throughout a learner’s journey, from foundational studies to competitive exams and professional qualifications. This momentum is not just about numbers; it’s about impact. By combining free resources with affordable paid offerings, PW continues to empower millions of first-generation learners, bridging social and economic divides.
With 4.13 million transacting users online, 98.8 million YouTube subscribers, and 119 million social media followers, PhysicsWallah is more than an education company, it is a step towards India’s education revolution.
