Infinity Learn by Sri Chaitanya claims to have logged strong PAT growth in FY23
Infinity Learn by Sri Chaitanya clocked a profit after tax (PAT) of over Rs 100 crore for the financial year ended March 31, 2023, the company claimed in a recent press release.
According to the press release, the company also managed to keep expenditure growth at just about twice the previous year's levels.
The company's 2022-23 PAT is a significant turnaround from Rs 37 crore loss logged in 2021-22, the release said.
Ujjwal Singh, the Founding CEO of Infinity Learn by Sri Chaitanya, said, “Navigating the ever-evolving EdTech landscape, Infinity Learn has soared with remarkable growth this year. In just over two years, we've not only upheld our relentless dedication to excellence but have also championed responsible growth.
We've innovatively closed the educational gap, benefiting learners both nationally and internationally. Our foundational goal remains clear; while we champion widespread adoption, our guiding query remains, «Bachcha Seekha Ki Nahin (Did the child learn?)»
Infinity Learn is now looking to harness the power of vertical AI for scalable outcome-based learning.
It is targeting the delivery of personalised education to «every learner at an affordable cost» by utilising AI's potential.
Infinity Learn is set to unveil its proprietary AI-driven solutions soon, the press release said.
As per the release, Infinity Learn has over 7,50,000 subscribers. The company serves as an educational resource for 7 million learners in various capacities, it says.
The company is eyeing over 50 million learners, with one million of them being paid subscribers, on its platform by the year 2025.
