Fusion Klassroom Edutech revenue surges 403% in FY26

2 min read Updated on 23 Jul 2026, 12:23 PM

Reviewed by

Shraddha JScanX News Team

AI Summary

Fusion Klassroom Edutech Limited filed its DRHP for an SME IPO, reporting a 403% revenue surge to ₹23.04 crore in FY26 and a PAT of ₹7.60 crore. The IPO opens on 31-Jul-2026, with proceeds earmarked for technology, content, and debt repayment. Key risks include high customer and geographic concentration.

*this image is generated using AI for illustrative purposes only.

Fusion Klassroom Edutech Limited, a Mumbai-based hybrid education technology company, has filed its Draft Red Herring Prospectus (DRHP) for an SME IPO to raise capital for expansion and debt repayment. The company operates a scalable learning ecosystem integrating offline partner centres with an AI-powered Education OTT platform, serving over 6,00,000 registered users across India. The IPO is scheduled to open on 31-Jul-2026 and close on 04-Aug-2026, with allotment on 05-Aug-2026 and listing on 07-Aug-2026.

Financial Performance

Fusion Klassroom Edutech demonstrated significant financial growth in the fiscal years leading up to the IPO. Revenue from operations surged from ₹4.58 crore in FY2024 to ₹23.04 crore in FY2026, representing a growth of approximately 403% over two years. The company's profitability also expanded, with total profit after tax growing from ₹0.34 crore in FY2024 to ₹7.60 crore in FY2026.

Key Financial Metrics (₹ Cr)

Metric	FY2024	FY2025	FY2026
Revenue from Operations	4.58	10.09	23.04
Total Revenue	4.62	10.11	23.10
Total Expenses	4.19	7.01	13.59
Profit Before Tax	0.43	3.10	9.51
Total Profit After Tax	0.34	2.90	7.60

The company reported strong return ratios, with a Return on Equity (ROE) of 53.45% and a Return on Capital Employed (ROCE) of 45.60% as of FY2026. Total assets grew to ₹25.46 crore in FY2026 from ₹4.48 crore in FY2024.

Objects of the Issue

The net proceeds from the Fresh Issue will be utilised for specific growth and debt reduction initiatives. The total identified use of proceeds amounts to ₹21.59 crore.

Purpose	Amount (₹ Cr)
Prepayment/Repayment of Outstanding Borrowings	2.36
Technology & AI/ML Model Development, Servers and Cloud Infrastructure	6.71
Capital Expenditure towards Content Development	5.35
Procurement of Desktops & Laptops for New Offline Centres' AI/ML Labs	1.95
Marketing Initiatives	5.22

Funds are also allocated for inorganic growth through unidentified acquisitions and general corporate purposes, though this amount was not quantified in the draft document.

Business Operations and Risks

The company operates through a multi-channel model including B2C, B2B2C, B2B, and B2G segments. It manages 30 offline partner centres and an AI-powered OTT app offering 100+ courses. Key operational metrics include 2,66,986 subscribers and 74,000 active users.

Despite the growth, the DRHP highlights several risk factors. The company faces high customer concentration, with the top customer contributing 40.11% of total revenue in FY2026 and the top five customers accounting for 75.65%. Geographic revenue is also concentrated, with the top three states—Uttar Pradesh, Maharashtra, and Rajasthan—contributing approximately 93.36% of total revenue. Additionally, the company reported a history of delays in statutory filings, including ROC form delays ranging from 8 to 2,958 days.

Management Team

The leadership team includes Mrs. Alka Nikhil Javeri as Managing Director and Mr. Dhumil Nikhil Javeri as Chief Executive Officer. The CFO role is listed for both Mr. Dhruv Nikhil Javeri and Mr. Pratik Gamot. The board comprises several directors including Mrs. Bhumika Atul Dedhia, Mr. Saurabh Rameshchandra Singh, and Mrs. Sonal Agarwal.