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Analysis · Education & Skilling

Ajinkya Jain joins PhysicsWallah as group general counsel

By ·

Date
Company
PhysicsWallah
What it does
Edtech platform for exam preparation
Kind
Analysis
Sector
Education & Skilling

What they do

PhysicsWallah is an Indian edtech startup offering online and offline courses for competitive exams

What happened

Ajinkya Jain has been appointed as Group General Counsel, Company Secretary, Compliance Officer and Investor Relations Officer

Why it matters

Jain brings over 14 years of experience and previously led PW's IPO preparation including the DRHP filing

The details

  • Ajinkya Jain has been appointed as Group General Counsel, Company Secretary, Compliance Officer and Investor Relations Officer at PhysicsWallah.
  • He has over 14 years of experience in corporate law, governance, capital markets, IPO execution, restructuring and strategic regulatory leadership.
  • Earlier, Jain worked at PharmEasy (API Group), Future Generali and Pantomath Group, handling acquisitions, restructurings and corporate transactions.
  • He also held governance and regulatory leadership roles at AceVector Group (Snapdeal) and Unicommerce eSolutions, including IPO readiness.
  • Jain led PW's IPO journey — preparing the DRHP, conducting due diligence, interacting with exchanges, managing disclosures and executing the listing.
  • He holds a Bachelor's in Law, a Master's in Commerce and is a member of the Institute of Company Secretaries of India.
  • Jain views law as a strategic enabler, not a restrictive function, and believes governance creates clarity, accountability and stability.

The bigger picture

  • India's regulatory environment now demands stronger governance norms, digital-first compliance and investor-friendly reforms, raising the bar for startups.
  • Government policies like Startup India, Digital India and capital market reforms are shifting focus from short-term benefits to long-term institution building.
  • New regulatory changes cover data privacy, ESG disclosures, cybersecurity, financial reporting and investor communication, reducing ambiguity and raising standards.
  • Early-stage startups often have limited legal structure — informal agreements, unorganized cap tables and less-prioritized filings — creating later complexities in fundraising, audits and transactions.
  • Jain advises founders to follow the 3Cs — Clarity, Consistency, Compliance — and to build relationships with lawyers and advisors early.

About the business

  • PhysicsWallah is an Indian edtech platform that provides online and offline courses for competitive exams like JEE, NEET, UPSC and others.
  • It was founded in 2020 by Alakh Pandey and Prateek Maheshwari.
  • The company offers live classes, recorded lectures, test series and study material through its app and website.
  • PhysicsWallah also operates physical coaching centres across multiple cities in India.
  • It generates revenue from course fees and has raised over $100 million in funding from investors like WestBridge Capital and GSV Ventures.
  • As of 2024, the platform had over 10 million registered students and 1 million paid users.

The deal

Type
appointment

Founders

  • Ajinkya Jain, Group General Counsel, Company Secretary, Compliance Officer & Investor Relations Officer

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