Edtech Firm Jaro Education Takes a Quantum Leap in Revenue and Profitability in FY 2021-22

Mumbai, Maharashtra, India Business Wire India Jaro Education, a leading Edtech firm imparting the best online and blended learning executive education programmes for working professionals, has successfully closed FY 21-22 with almost 710 year-on-year jump in its profit and 125 in revenue.

Mumbai, Maharashtra, India: Business Wire India Jaro Education, a leading Edtech firm imparting the best online and blended learning executive education programmes for working professionals, has successfully closed FY 21-22 with almost 710% year-on-year jump in its profit and 125% in revenue. The profit for FY 21-22 was registered at INR 34.29 CR as compared to INR 4.23 CR for FY 2020-21. Revenue for FY 2021-22 was closed at INR 104.32 CR, which was INR 46.37 CR in FY 2020-21.

The financial year that ended in March 2022 was remarkable for the corporation since it achieved significant milestones in establishing multiple domestic as well as international partnerships with top-notch universities and institutes. The company registered a growth of 125% in its top line and a 368% growth in EBITDA. Jaro also enrolled more than 20,000 students in FY 2021-22.

Jaro Education's CEO, Ms Ranjita Raman said, "Our strategy of diversifying our service offering and expanding industry alliances resulted in a huge rise in the revenue, confirming our goal of capitalizing on rising demand by catering to the diverse needs of our top National and International learners." "The Edtech Company was started in 2009 and has been profitable and self-funded since inception. According to the company's financial report for FY 2020-21 (audited), the company registered an EBITDA of INR 8.11 crores, which has now been increased to INR 37.95 crores in FY 2021-22 (provisional), with a jump of approximate 368%. By the end of FY 22-23, the company is projected to increase its revenue to 300 crores, jump by almost 200%. The company recently announced the Second Grant of the ESOP scheme to the team members. During the First Grant of the ESOP scheme, the Company had issued shares to its key employees in 2018 at a rate of INR 50/- per share and in the month of December 2021, Dr Salunkhe, the Founder, offered to buy back those shares at INR 250/- per share by providing 400% return on their investment within a span of 3 years." About Jaro Education Jaro Education is India's most trusted online higher education company. The Edtech firm, a pioneer in the executive education industry, was founded in 2009 by Dr Sanjay Salunkhe and has been profit-making since its inception, and it is self-funded. The company has been awarded the Edtech leadership award and the National best employer accolade by World HRD Congress in March 2022.

The company aims to nurture entrepreneurs & working professionals from entry-level to C-Suite level in every field and industry by offering executive education programs that cater to their requirements. Having been recognized for changing the landscape of online education in India, Jaro Education offers more than 28+ management and technology programs in collaboration with reputed institutes.

They facilitate the development of management and technology-based online programs for many leading Indian and global institutes like and Imperial College Business School in London, Rotman School of Management (University of Toronto), IIM Ahmedabad, IIM Kozhikode, IIM Tiruchirappalli, IMT Ghaziabad, and others. With its strong domain expertise and insight into online programs, Jaro Education has transformed the careers of over 3 lakh professionals in the last 12 years across India through its 30+ learning centres across India.

For more information, please visit: https://www.jaroeducation.com PWR PWR

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