New Delhi, May 10 -- Kota-based test preparation company Resonance Eduventures is preparing for a fresh growth phase after completing the bulk of its long-running debt resolution exercise, the top executive of the firm told Mint.

Founder Ram Kishan Verma said the company is now betting on a recovery in offline coaching demand, student enrolments and brand rebuilding.

"The company is now in a much better position operationally. Most of the work on the settlement side has been completed and we are closing the remaining part as well," Verma told Mint, in an interview.

Mint was the first to report in April that KKR-backed Resonance was nearing an asset reconstruction company (ARC)-led debt resolution that could see lenders take nearly an 8...