Veranda Learning plans to merge the operations of four key verticals in its business namely, academic, commerce, government test prep and vocational training.
A sub-committee of the Board, primarily consisting of independent directors, has been set up to study the above with the help of independent consultants and make recommendations to the Board including merger/demerger of its key verticals, a release said.
“The proposed restructuring would be a strategic step toward focused execution and value creation. We are confident in the continued growth and excellence of each one of our key verticals, the commerce vertical being our largest by revenue and profitability,” said Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions.