Mumbai, October 26, 2024: Arihant Academy, a prominent educational institution in Mumbai, has taken a significant step towards expanding its footprint by acquiring a 51% majority stake in Zen Educational and Learning (ZEAL Academy). Valued at INR 17 crore, this strategic move aims to enhance Arihant Academy’s offerings and cater to a wider student base across the Mumbai Metropolitan Region.
By merging Arihant Academy’s expertise in SSC, ICSE, CBSE, Science, and Commerce with ZEAL Academy’s specialization in IIT, JEE, and NEET preparation, the combined entity is poised to provide a comprehensive learning experience for students, particularly those pursuing STEM fields.
Anil Kapasi, Managing Director of Arihant Academy, expressed enthusiasm about the acquisition, stating, “This strategic partnership allows us to leverage ZEAL Academy’s local expertise and combine it with Arihant Academy’s proven teaching methodologies. Our goal is to create a stronger educational framework that benefits students, parents, educators, and partners alike.”
Founded by IITians, ZEAL Academy has a strong track record of producing over 1,000 IITians and medical professionals. The institute offers a range of foundation courses and specialized preparation programs for competitive exams.
Kunal Pathak, Partner at ZEAL Academy, emphasized the significance of the investment, stating, “This milestone strengthens our portfolio and enables us to expand our offerings, creating unparalleled learning experiences for our students.”
InCorp Global facilitated the transaction, providing corporate solutions in the APAC region.
Arihant Academy currently operates over 20 coaching centers in Mumbai, serving approximately 10,000 students through its hybrid teaching model. With this acquisition, the institution is well-positioned to further its mission of providing quality education and empowering students to achieve their academic goals.