Business Profile of the Jaro Institute of Technology Limited
Established in 2009 by Sanjay Namdeo Salunkhe, Jaro Institute of Technology is India’s leading online higher education and upskilling platform company. The company caters to 34 Partner Institutions with 22 pan-India offices-cum-learning centers and 15 immersive tech studio set-ups in various IIMs. The company experienced significant user surges in the higher education and upskilling sector due to the shift to online learning and closure of schools and educational institutions post-COVID-19. They capitalized on this by offering live classes, collaborative tools, and comprehensive learning resources. They have a curated offering of customized programs at various academic levels and a holistic course portfolio across fields of study. Their affiliations with top-tier Partner Institutions have led to exponential rise in enrolments for degree programs and certification courses.
The company has established strong and lasting collaborations with these institutions, delivering quality degree programs, certification courses, and admission-related services. The company offers 239 programs and courses, including online MBA, online PG/UG, data science, digital marketing & analytics, finance & banking, cybersecurity & cloud computing, along with various other esteemed programs.
Jaro Institute of Technology Limited IPO Objective
As per the draft red hearing prospects, the IPO issue consists only of offer for sale.
- The OFS consists of up to XXXX Equity Shares aggregating up to Rs. 4, 000 million. Nothing from those proceeds of OFS will be allotted to company.
- Jaro Institute of Technology IPO offer only has fresh issue of Rs. 1, 700 million. As per DRHP document, the company aims to utilize IPO proceedings towards marketing & advertisements, payment of some outstanding borrowings and general corporate purposes.
Issue Price & Size: Jaro Institute of Technology Limited IPO
The issue price of Jaro Institute of Technology Limited hasn’t been released yet. Upon releasing the dates, the investors can bid between those price ranges. The company has both fresh issue of Rs. 440 crores as well as offer for sale of Rs. 1060 crores.
Launch Date of Jaro Institute of Technology Limited IPO
The IPO opening date of Jaro Institute of Technology hasn’t been officially announced yet, upon the declaration of dates investor can bid for IPO.
Should You Subscribe to Jaro Institute of Technology Limited IPO or Not
While investing or subscribing to any IPO, consider the investment rationales related to the company. Hence, here you can find out the strength of the company that will be its growth factors. And also check the risk factors that can affect the growth and operational efficiency of the company.
Competitive Strengths of Jaro Institute of Technology Limited:
Market leading position in online higher education
Since its launch in 2009, the company has been a leading online higher education and upskilling company in India. As of the end of fiscal 23, the company is among India’s leading online higher education and upskilling companies. Companies focus on flexible and accessible learning solutions, partnerships with global learning institutions like IIM Ahmedabad and IIT Madras and customized learning delivery models has allowed them to capitalize on the potential of India’s online higher education and upskilling market. The company has also expanded its outreach to collaborate with five prestigious institutions abroad, including Swiss School of Management and Rotman School of Management, University of Toronto.
Solutions to Partner Institutions and Learners
The company offers online, hybrid, and in-person degree programs and certification courses, democratizing education through the National Education Policy, 2020. They aim to enhance the quality of their partner institutions’ programs by providing marketing and brand building services.
The company offers business intelligence and program positioning services, acting as a marketing, program management, and technology partner. They assist Partner Institutions with admissions, marketing, sales, and distribution, leveraging their expertise in digital marketing channels.
The company adopts varying approaches to learning delivery, including self-paced, asynchronous, and synchronous learning. They have established immersive studios at various IIMs and set up off-campus immersive tech-supported learning centers across India. They also provide dedicated learner support, interacting regularly with learners to ensure program modifications based on feedback and ensuring practical and industry-relevant skills are integrated into the curriculum.
High revenue predictability
India has significant geographical advantage in comparison to any other country in world. With such a higher learning population, companies online higher education partnerships with upskilling companies and institutions are revolutionizing education by providing enhanced learning experiences, personalized pathways, and increased accessibility. These collaborations with esteemed universities and institutions foster global reach, cost-efficiency, and continuous innovation. Their services support the complete lifecycle of higher education programs, enhancing scalability and reach. Their deep market insight, integration, content production, marketing, and support services have enabled them to grow its client base from 21 partnerships to 34 partnerships.
Proven track record
The company has a track record of program coverage ranging from 2 to 10 courses in each of its Partner Institutions among the top 10 IITs and IIMs. They focus on both degree and certification domains, offering a diverse range of courses and programs in partnership with 34 Partner Institutions, including 14 Tier-1 universities and 13 Tier-2 universities. The company’s innovative digital platforms provide tailored educational content and educators with training and support for effective integration of technology. The company deploys business intelligence capabilities and information databases to collect and analyze data on industry trends, demand drivers, success factors, and financial metrics. They have also established collaborations with 5 renowned global institutions to offer opportunities for online higher education, executive education, and up skilling.
Use of technology
With the emergence of Covid, when everyone in the world was put on stand still. Tech played its role in reaching the unreached. The habits of delivering to home has widely been adopted by institutions and learners. Therefore, India’s education market is undergoing significant transformation due to digitalization, skill-based learning, and international collaborations bringing in more content near to home. The shift towards a flexible, inclusive, and skill-oriented education system is reflected in the use of adaptive assessments and data-driven decision-making. The integration of generative artificial intelligence (Generative AI) in education platforms allows for a holistic learning experience, enabling learners to measure program outcomes and track their progress.
Future plans
- Expand its academic portfolio by fostering collaborations and capitalize on the globalization trend.
- Strengthen its foothold presence in existing institutions and expand its client base by identifying additional top-tier universities and institutions.
- Expand its geographical footprint and enhance digital capabilities and platforms
- Invest in technology initiatives to enhance user engagement and drive increased traffic to its platform.
- Expand the roster of freemium offerings and develop user-friendly freemium courses
Risk Factors of Jaro Institute of Technology Limited:
Reliance on reputation and service quality
The company relies heavily on its reputation and quality of service, as it plays a big role in attracting learners in learning industry. Along with its goodwill, the company uses various others techniques like marketing, sales efforts, referrals, and databases to predict industry trends and up skill participants.
The company uses strategic branding partnerships and multiple marketing channels to reduce dependence on high marketing spends and maintain competitiveness. The company may incur sustained marketing, brand building, and advertising expenses in future to attract and retain learners.
