Education Industry in India

Explore the Indian education industry through its listed and private providers, covering schools, colleges, coaching, training and learning services.

Top education companies in India (listed and private)

Frequently asked questions

How large is the education industry in India?

2602 education companies with statutory filings (6 listed, 2596 private) reported combined revenue of ₹91,605 crore in FY2025, +13.8% on the same companies, and aggregate EBITDA of ₹17,274 crore. As filed each year, combined revenue was ₹14,486 crore in FY2018, reached ₹91,605 crore in FY2025, the highest in the period; year-on-year changes are measured on the same companies. The 5 listed companies with an exchange price are worth ₹4,001 crore in market capitalisation. Size here is measured in revenue, profit and market value, from statutory filings and exchange prices, not in physical volume of output.

Is profitability improving or deteriorating?

Mixed. The aggregate EBITDA margin of education companies was 19.0% in FY2025, 0.0 pts above FY2024, against a peak of 19.0% in FY2024. Profit after tax margin was 7.2% (+2.0 pts on FY2024). Aggregate EBITDA of listed and private education companies moved +165% from FY2022 to FY2025 on a same-company basis; FY2025 EBITDA was ₹17,274 crore (+9.6% on FY2024).

Which companies are leading the education industry?

By FY2025 revenue the largest education companies are Serum Institute of India (₹9,715 crore, 55.4% EBITDA margin, private); National Skill Development Corporation (₹4,086 crore, 3.8% EBITDA margin, private); Allen Career Institute (₹3,067 crore, 16.9% EBITDA margin, private); Physicswallah (₹2,887 crore, 7.8% EBITDA margin, private); Avaada Energy (₹2,136 crore, 91.4% EBITDA margin, private). Among the ten largest, Avaada Energy (91.4%) and Serum Institute of India (55.4%) earn the widest EBITDA margins and Knowledge Infrastructure Systems (0.3%) the thinnest. 25 of the 25 largest are private companies, which a listed-only view leaves out.

Where is demand or investment changing?

In the news: Education technology and ai carried 4.4% of education stories in 2025-10 to 2026-09, up 1.8 pts (+69%) on the prior 12 months; net tone +84 vs +34 for all education stories. In buyer searches: Search interest in corporate and professional training queries (computer training near me, industrial training institute, training and development) was +57% in the 12 months to 2026-09 vs the prior 12, led by “corporate training” (+154%), followed by education fees and costs (+9%); coaching and test preparation moved -19%.

What should I investigate next?

These are the findings that fired on the data, negative signals first, each with the topic that holds the evidence: Education EBITDA grew 165% since FY2022 (Industry financials). 19 private education providers pass an IPO-readiness screen (Top education companies in India). Education technology and ai is gaining the most ground in education news (Education in the news). Corporate and professional training searches rose most in the last year (Search & demand signals). Median EV/EBITDA is 10.4× and median P/E 16.0× across 5 priced education companies. (Market capitalisation & valuation).

How are education stocks valued?

The median trailing P/E is 16.0× and the median EV/EBITDA 10.4× across 5 priced companies.

What does this education industry page cover?

It brings together companies and providers serving schools, colleges, coaching, training and other learning needs in India.

How are private education providers selected?

The private universe focuses on companies registered for education activities, with unrelated name matches subject to review.

Research information, not investment advice.