Allen Career Institute May Explore IPO in India, Backed by James Murdoch and Uday Shankar

India’s coaching giant Allen Career Institute is reportedly considering a Mumbai IPO, as discussions with investment banks begin, though the final decision on listing is still pending

New Delhi | 30 April 2026: India-based Allen Career Institute is exploring the possibility of launching an initial public offering (IPO) in Mumbai, according to reports citing people familiar with the matter.

The company, backed by James Murdoch and former Disney executive Uday Shankar, has initiated discussions with investment banks and is expected to appoint advisors soon for a potential listing.

Founded in 1988 in Rajasthan, Allen is one of India’s leading coaching institutes, specialising in preparation for competitive exams. It currently operates across dozens of cities with hundreds of test centres nationwide.The investment platform Bodhi Tree Systems, founded by Murdoch and Shankar, had acquired a 36% stake in the company in 2022 for around $600 million, strengthening its growth and expansion plans.

However, sources indicate that discussions are still ongoing, and the company may or may not proceed with the IPO depending on market conditions and internal considerations.

The potential listing comes at a time when India’s education sector is projected to grow significantly, with estimates suggesting the edtech industry could reach $29 billion by 2030.If it moves forward, the IPO would mark a significant step for the coaching industry, reflecting increasing investor interest in India’s education and test-preparation segment.

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