Resonance completes major debt restructuring milestone. The KKR-backed Kota coaching company has resolved over 90 percent of its debt through an asset reconstruction company, with lenders accepting nearly 80 percent haircuts on principal claims. Founder Ram Kishan Verma stated the company is now positioned for operational recovery and growth revival. Resonance plans to strengthen its offline coaching business focused on IIT-JEE preparation while expanding marketing efforts and exploring opportunities beyond Kota. The move comes as India's test preparation market, valued at 11.60 billion dollars in 2025, grows at 8.7 percent annually through 2030. After pandemic disruption from digital competitors and talent poaching, Resonance aims to rebuild its brand and capitalize on recovering offline coaching demand in the sector.
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