Mumbai, Dec 18:- Jaro Education, a publicly listed leading higher education and upskilling company, has taken a significant step toward strengthening India’s commerce education ecosystem through a strategic partnership with J.K. Shah Classes, a Veranda Learning enterprise and a pioneer in commerce education for over four decades.
The collaboration aims to expand nationwide access to structured, recognised commerce education by combining Jaro Education’s scalable digital learning infrastructure with J.K. Shah Classes’ deep academic expertise and proven outcomes. Together, the two institutions seek to address India’s growing demand for qualified commerce professionals. According to the President of the Institute of Chartered Accountants of India (ICAI), Mr. Charanjot Singh Nanda, India will require nearly 50 lakh (5 million) Chartered Accountants by 2050.
Founded in 2009, Jaro Education has spent over 16 years building long-standing partnerships with more than 36 premier Indian and global institutions, including 7 IIMs, 7 IITs, top NIRF-ranked universities, and Ivy League institutions. Acting as a bridge between leading academic institutions and learners, Jaro delivers accredited degree and professional programmes through an integrated online and hybrid framework, managing the entire programme lifecycle from academic design to learner delivery. With a portfolio of 268 programmes and support for over 350,000 learners, Jaro has established itself as one of India’s most trusted platforms for higher education and professional upskilling.
J.K. Shah Classes educates over 50,000 students annually across 111 centres and is a leading provider of structured coaching for commerce certifications, including CA, CS, CMA, CFA, and ACCA. Its academic impact is reflected in 2,072 CA rankers and 245 CS rankers, supported by a strong alumni network comprising senior corporate leaders, entrepreneurs, and contributors to national governance. Built over more than four decades, the institution’s reputation rests on consistency, academic rigour, and measurable outcomes.
Under the partnership, Jaro Education will enable the digital delivery and scale-up of J.K. Shah Classes’ commerce programmes, providing robust technology infrastructure and learner support services. This will allow J.K. Shah Classes to extend ICAI- and ICSI-aligned learning pathways to students across Tier 2 and Tier 3 cities, significantly expanding access to quality commerce education.
Together, Jaro Education and J.K. Shah Classes aim to strengthen India’s commerce education ecosystem by blending academic legacy with technology-enabled scalability.
Industry Overview
Rapid Growth of Online Higher Education and Upskilling India’s online higher education and upskilling sector is witnessing strong momentum, growing at a CAGR of 25.7% from FY23 to FY28, with market size expanding from INR 13,200 crore to an estimated INR 41,450 crore.
Rising Demand for Commerce Education and Professional Certifications
Commerce education continues to see sustained demand, with B.Com enrolments growing at a 5% CAGR from FY12 to FY21, increasing from 2.7 million to 4.2 million students. Professional certification enrolments mirror this trend, with CA registrations nearly doubling from 559.7 thousand in FY21 to 1,032.6 thousand in FY24. CMA enrolments increased from 55.7 thousand to 70.7 thousand, while ACCA enrolments remained steady at scale at ~585 thousand in FY24.
The professional coaching services segment for CA, CMA, CS, CPA, and ACCA grew at a 14.8% CAGR between FY20 and FY25, reaching an estimated market size of ~INR 40 billion in FY25 and is projected to grow to INR 70–73 billion by FY30. Growth is supported by NEP 2020, increasing multinational presence in India, and rising adoption of flexible payment structures.
Learner preferences are gradually shifting toward global certifications such as ACCA, CMA-USA, and CPA, which grew at a 44.3% CAGR between FY20 and FY25 and are expected to grow at 25–27% CAGR through FY30. While CA continues to dominate with a 47–49% market share, global certifications are gaining traction due to shorter duration, higher pass rates, and global employability.
Source: Crisil Intelligence
Leadership Commentary;
Commenting on the collaboration, Dr Sanjay Salunkhe, Founder & CMD, Jaro Education, said;
“Commerce is a cornerstone of economic vitality and national progress a vision strongly championed by our Hon’ble Prime Minister in pursuit of Viksit Bharat. For over 16 years, Jaro Education has led large-scale upskilling across management, technology, and techno-functional domains through enduring institutional partnerships. This collaboration with J.K. Shah Classes goes beyond distribution; it strengthens India’s commerce education ecosystem by uniting academic excellence with scalable, technology-enabled reach. Aligned with NEP goals, we aim to broaden access, elevate the Gross Enrolment Ratio, and build a strong pipeline of commerce leaders who will reinforce India’s economic backbone.”
Prof. J.K. Shah, Founder, J.K. Shah Classes, added;
“Our academic journey spans more than four decades, with an unwavering focus on outcomes that stand the test of time. Through this partnership with Jaro Education, we are translating our classroom-led academic depth into structured, high-quality online delivery. The collaboration enables us to serve learners nationwide while staying true to our academic values and professional standards.”
