Structural Findings

PhysicsWallah

This memorandum documents what public evidence exists about PhysicsWallah's corporate structure, listing, financial disclosures, product claims and regulatory record, and keeps that evidence apart from interpretation of it. The scope is limited to information available through public web sources as of the reference date.

pw.live · Data reference date: 20 September 2026

2 of 7 structural categories this review found fully established from public sources

Headline Finding

PhysicsWallah Limited (CIN L80900UP2020PLC129223, incorporated 6 June 2020) listed in November 2025 after a Rs 3,480 crore IPO, and identity and listing facts are established; user counts and AI accuracy claims carry no stated definition or method, and the one regulator finding is a CCPA dark-pattern fine of Rs 5 lakh (1 June 2026) over a pre-ticked Rs 10 donation at checkout.

Summary Table

Reproduced from the review's own summary table: what evidence exists for each category, whether it can be independently verified, and its resulting status.

Corporate and listing factsEstablished

Evidence available: Yes, filing index pages, aggregator, two outlets

Independently verifiable: Partially, prospectus text not read

Product claims and reachOpen

Evidence available: Homepage counters, results coverage

Independently verifiable: No, definitions missing

Quantitative claimsOpen

Evidence available: Financials via news coverage

Independently verifiable: Partially, filings not compared

Corporate identity and registryEstablished

Evidence available: Yes, one aggregator plus filing pages

Independently verifiable: Yes, MCA portal not queried

AI oversight documentationOpen

Evidence available: Headline figures, partner write-up

Independently verifiable: No, no evaluation method

Claims language and regulatory recordMonitoring item

Evidence available: One order, two outlets

Independently verifiable: Partially, order not retrieved

Incident and safety protocolUnassessed

Evidence available: Liability terms only

Independently verifiable: Not applicable

Top Evolution Opportunity

A definitions note for student, registered, paid and active user counts, with measurement dates.

Read the full structural evidence review.

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