Draft:J. K. Shah Classes
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Submission declined on 30 August 2026 by Thilsebatti (talk).
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| Type | Coaching institute |
|---|---|
| Industry | Education |
| Founded | 1983, in Mumbai, Maharashtra, India |
| Founder | J. K. Shah |
| Headquarters | , India |
Area served | India |
| Key people | J. K. Shah (Chairman) Pooja Shah (COO) Vishal Shah (COO) |
| Services | Coaching for Chartered Accountancy (CA), Company Secretary (CS), and Cost and Management Accountant (CMA) examinations |
| Parent | Veranda Learning Solutions |
| Website | www |
J. K. Shah Classes (also known as JKSC) is an Indian coaching institute based in Mumbai, Maharashtra. It provides coaching for professional commerce examinations, including Chartered Accountancy (CA), Company Secretary (CS), and Cost and Management Accountant (CMA).[1]
History
[edit]J. K. Shah founded the institute in Mumbai in 1983.[1] In January 2014, The Times of India reported comments by Shah, described as the operator of a chain of CA coaching schools, on the low pass rate in Institute of Chartered Accountants of India (ICAI) examinations and its effect on the supply of qualified chartered accountants.[2]
In August 2014, the newspaper again quoted Shah, commenting on improved results in the CA final examination compared with the previous sitting.[3]
As of October 2022, the institute operated 75 centres across 39 Indian cities.[1][4] It had produced 1,870 All India Rank holders in CA examinations since 2001, and 214 All India Rank holders in CS examinations since 2016.[1][4] Reported alumni include Kumar Mangalam Birla, chairman of the Aditya Birla Group; Piyush Goyal, Union Minister of Commerce and Industry; and Nilesh Shah of Kotak Mahindra Asset Management Company.[4]
Dispute with Ednovate Education
[edit]In September 2020, the institute's then chief executive officer, Ashish Shah, and seven other JKSC teachers resigned; the group went on to establish a rival coaching company, Ednovate Education Private Limited, in March 2021.[5] According to EducationWorld, Ednovate's founders alleged that JKSC pursued legal action against them and spread claims about Ednovate's imminent closure in an effort to intimidate them.[5] JKSC did not directly address these allegations in the report, instead alleging separately that former employees at its Raipur and Jaipur centres had misappropriated student fees.[5] Former JKSC faculty also described strict internal disciplinary policies, including financial penalties for infractions such as late starts to lectures and dress-code violations.[5]
JKSC, in turn, alleged that former employees at its Raipur and Jaipur centres had failed to deposit cash fees collected from students, and said an internal forensic audit had identified approximately ₹1.6 crore (US$170,000) in unaccounted funds; the institute stated it had filed police complaints in connection with the allegations.[5]
In December 2021, Raipur police arrested Dhaval Purohit, one of Ednovate's co-founders and a former JKSC faculty member, after JKSC's managing director J. K. Shah filed a police complaint in October 2021 alleging that Purohit and a second individual, Abhinandan Bafna, had failed to deposit approximately ₹1 crore (US$100,000) in student fees collected at JKSC's Raipur branch.[6] Bafna had been arrested the previous month; police described Purohit as the alleged mastermind, accusing him of directing Bafna, who collected the funds on the ground.[6] Purohit, a chartered accountant, had previously gained online attention under the nickname "30 ml professor" after a video of him teaching went viral.[7][8]
In March 2022, the Chhattisgarh High Court granted Purohit bail after 110 days in custody. The court noted that he had not been named in the original complaint, observed that the dispute appeared to reflect business rivalry between the parties, and noted that Bafna had offered to repay a portion of the disputed funds.[7][9] Purohit denied wrongdoing and said the allegations against him were part of an effort by JKSC to pressure Ednovate's founders.[9]
Acquisition by Veranda Learning Solutions
[edit]In October 2022, Veranda Learning Solutions, through its subsidiary Veranda XL Learning Solutions, agreed to acquire a majority stake in J. K. Shah Education, the company associated with J. K. Shah Classes. The transaction was valued at approximately ₹337.82 crore (US$35 million) and was structured in phases, with the first phase covering 76% of the outstanding capital.[1][4]
Following the acquisition, J. K. Shah continued as chairman, while Pooja Shah and Vishal Shah continued as chief operating officers.[4]
In 2025 and 2026, Veranda Learning announced plans to consolidate its commerce-education businesses, including J. K. Shah Classes, into a separate entity as part of a proposed demerger of its commerce-education vertical.[10][11]
See also
[edit]References
[edit]- 1 2 3 4 5 Jacob, Shine (13 October 2022). "Veranda Learning unit to acquire JK Shah Classes for Rs 337.82 cr". Business Standard. Retrieved 2 September 2026.
- ↑ Yogita Rao (17 January 2014). "'Rote learning, less grace marks led to CA result disaster'". The Times of India. Retrieved 2 September 2026.
- ↑ "Pune girl bags third rank in CA final exam". The Times of India. 9 August 2014. Retrieved 2 September 2026.
- 1 2 3 4 5 Hariharan, Sindhu (13 October 2022). "Veranda Learning acquires CA coaching major JK Shah". The Times of India. Retrieved 2 September 2026.
- 1 2 3 4 5 Joshi, Dipta (8 February 2022). "New coaching institute accuses JK Shah Classes of monopolistic practices". EducationWorld. Retrieved 2 September 2026.
- 1 2 Vaktania, Shirish (18 December 2021). "Viral '30 ml professor' held for Rs 1-crore fraud". Mid-Day. Retrieved 2 September 2026.
- 1 2 "'30 ml professor' gets bail in cheating case". Mid-Day. 1 April 2022. Retrieved 2 September 2026.
- ↑ "'30 ml professor' again in news; but not for his viral videos". Free Press Journal. 1 April 2022. Retrieved 2 September 2026.
- 1 2 "Chhattisgarh High Court grants bail to professor accused by JK Shah Classes". EducationWorld. April 2022. Retrieved 2 September 2026.
- ↑ "Veranda Learning acquires stakes in BB Virtuals & Navkar Digital". Business Standard. 24 February 2025. Retrieved 2 September 2026.
- ↑ "Veranda Learning moves ahead with Commerce Vertical Demerger; NCLT clears path for J.K. Shah commerce listing". The Hindu. 20 March 2026. Retrieved 2 September 2026.
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