Jaro Inst of Tech Mgmt & Research

Jaro Institute of Technology Management and Research Limited received a GST assessment order from Tamil Nadu State Tax authorities demanding INR 15.19 lakh, comprising tax of INR 8.33 lakh, interest of INR 6.03 lakh, and penalty of INR 83,348 for financial year 2021-22. The company states there is no material impact on its operations and believes the demand is not feasible as per law, with plans to file an appeal before the due date.

Jaro Institute of Technology Management and Research Limited has reported zero utilization of its IPO proceeds during the quarter ended September 30, 2025. The company raised Rs 1,700 million through its IPO held from September 22-25, 2025. The monitoring agency report by Crisil Ratings shows that none of the allocated funds were used for the stated purposes: Rs 810 million for marketing and brand building activities, Rs 450 million for loan repayment, Rs 301.53 million for general corporate purposes, and Rs 138.47 million for issue expenses. The total balance of Rs 4,323.18 million remains in the public issue account, which includes Rs 1,700 million from the fresh issue and Rs 2,623.18 million from the offer for sale. The report indicates no deviation from stated objectives and confirms all proceeds remain unutilized during the reporting period.

Jaro Institute of Technology Management and Research Limited reported revenue of ₹80.41 crore in Q2 FY26, up 8.24% from ₹74.29 crore in Q2 FY25. EBITDA stood at ₹26.53 crore and PAT at ₹17.02 crore. For H1 FY26, revenue reached ₹141.08 crore compared to ₹134.85 crore in H1 FY25, marking a 4.62% increase. The company implemented AI-driven systems for lead generation and conversion, rolled out new employee incentive structures improving per-employee efficiency from 3 to 5 conversions per month, and opened new branches in Kolkata, Indore, and Nagpur. Jaro established academic collaborations with IIT Bombay and Delhi Technological University for various degree programs, launched premium programs including IIM Mumbai Executive MBA and IIT Delhi PG Diploma in Electric Vehicle Technology. The company formed corporate partnerships with organizations having collective employee strength of 7 lakh employees, including HDFC Bank and HCL Technology. A partnership with Jio integrated learning content for Jio Set-Top Box users, enrolling over 652 learners. New verticals CollegeConnect and SchoolConnect were launched, partnering with IIT Roorkee and IIT Madras respectively. The company expects to add 250-350 employees in H2 FY26 and projects approximately 30% growth in overall revenue and profitability during FY26.