CareerLauncher, online preparation and a classroom coaching platforms provides course material and training for an array of programmes including at an undergraduate and postgraduate.
We offer guidance and test preparation for a broad range of exams in these domains, Sujatha Kshirsagar, president, Career Launcher, told FE education. “In addition to exam preparation, we extend our services to capacity building, institutional transformation programmes, and even specialised courses such as AI, machine learning and data science. Our aim is to cater to a wide range of educational needs,” she added.
Further it plans to expand in other countries such as Bangladesh and Nepal besides Africa. Currently it also runs seven centres in the UAE and aims to explore opportunities for growth in African markets. “Over the past decade, Bangladesh has witnessed significant GDP growth. Furthermore, data from the Central Bank shows that a substantial number of Bangladeshi’ students study abroad every year due to the limitations of educational opportunities within the country. Specifically, approximately 70,000-80,000 students choose destinations such as the UAE, the USA, Malaysia, Canada, among others. Through initiatives such as Career Blockchains, we plan to introduce a partnership model in Bangladesh, similar to our successful model in India,” Kshirsagar added.
For postgraduate management programmes, it claims to cover a spectrum of exams in India, including MBA, UPSC, Law and GATE. For overseas programmes, it also prepares students for the GMAT, IELTS, among others. At UG level, we provide support for various fields, including law, management, humanities, sciences and commerce. The company also claims to offer a few free resources and assistance, particularly for economically disadvantaged students. “In some cases, we collaborate with governments to provide free courses for school and college students. Also, we have specific programmes designed for economically weaker sections,” Kshirsagar noted.
The platform’s revenue from operations grew 13% to Rs 207.4 crore in FY22 from Rs 182.3 crore in FY21, according to the regulatory filings accessed by the business intelligence platform Tofler. The company posted a net profit of Rs 13.7 crore in FY22 from a net loss of Rs 12.6 crore in FY21. When asked, Kshirsagar declined to divulge revenue details around revenue projection for the current fiscal.
The company claims to currently have two sources of income. Under the first sources, it claims to earn by selling courses and programmes. Secondly through the sale of practice test papers of various exams. “The average course fee at our institution typically falls in the range of Rs 30,000- 40,000. However, fees can vary widely, ranging from Rs 100 to as much as Rs 10 lakh, depending on factors such as course duration and delivery mode. On average, our courses have a duration of six to nine months. However, some of our most popular programs span from three months to two years,” she explained.
Furthermore, the company claims to have an average user base of approximately 80,000 students every year . It further claims that its has till date had about two million individuals on its platform. This includes students who have purchased its books and periodicals. “Over the years, we’ve had a significant impact on students’ admissions to various colleges and universities. We’ve guided and supported around eight lakh students in their pursuit of higher education so far. This includes students in India and those who have gone abroad for further studies,” she said.
The company also claims to own and operate 2o branches and 150 franchises in more than 100 cities in India. In this partnership model, 70-85% revenue is earned by the franchisee and remaining goes to the company.