Fusion Klassroom Edutech Ltd.
PROSPECTUS · filed 31 Jul 2026
Fusion Klassroom Edutech Ltd. operates an offline education business supported by a network of 30 centres and derives significant revenue from Uttar Pradesh, Rajasthan, and Maharashtra. The company has demonstrated strong financial growth with a revenue CAGR of 124.21% and a latest revenue of Rs 23.04 crore, while also reporting a positive net profit of Rs 7.60 crore. The offer is structured as a fresh issue of equity shares, and the company is not currently loss-making. Material risks include the company's history of negative cash flow, its reliance on a limited number of geographic regions, and the critical dependence on attracting and retaining students.
What stands out
Risk factor. Our Company had negative cash flow in the financial years ended March 31, 2026, March 31, 2025 and March 31, 2024. Sustained negative cash flow could impact our growth and business.
Risk factor. We derive a significant portion of our revenues from the sale of our services in Uttar Pradesh (42.60%, 46.86% and 57.16% of total revenue from operations in Fiscal 2026, 2025 and 2024 respectively), Rajasthan (24.00%, 23.21% and 0.76%) and Maharashtra (26.76%, 29.71% and 42.03%). Any adverse develo
Risk factor. Our success depends on our ability to attract and retain students. Any failure to do so could adversely impact our business, reputation, financial conditions and cash flows.
Low leverage. Debt-to-equity of 0.05x.
Strong revenue growth. Restated revenue CAGR of 124.2%.
Healthy return on equity. ROE of 41.3%.
How the offer is structured
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company₹2.4 Cr
- Expenditure towards Technology & AI\ML Model Development, Servers and Cloud Infrastructure₹6.7 Cr
- Funding the capital expenditure towards Content Development₹5.4 Cr
- Funding the capital expenditure towards procurement of Desktop and Laptops for the new Offline Centers’ AI/ML labs₹1.9 Cr
- Expenditure towards Marketing initiatives₹5.2 Cr
- Funding inorganic growth through unidentified acquisitions and general corporate purposes₹5.9 Cr
Restated financials
Revenue
₹23.0 Cr
Latest fiscal year
Profit after tax
₹7.6 Cr
Revenue CAGR
124.2%
Return on equity
41.3%
Debt / equity
0.05
EBITDA margin
56.4%
P/E at upper band
15.27
Only in a priced RHP
PAT CAGR
370.2%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹4.6 Cr | ₹0.4 Cr | ₹0.3 Cr | ₹3.9 Cr |
| 2025 | ₹10.1 Cr | ₹3.1 Cr | ₹2.9 Cr | ₹10.0 Cr |
| 2026 | ₹23.0 Cr | ₹9.5 Cr | ₹7.6 Cr | ₹18.4 Cr |
Promoters, litigation & related parties
Promoter (pre)
54.7%
As on the date of this Prospectus, there are no outstanding criminal proceedings and actions by statutory and / or regulatory authorities against our Key Managerial Personnel and members of Senior Management. The DRHP lists NIL for all categories of litigation involving the Company, Promoters, and Directors, including criminal laws, actions by statutory/regulatory authorities, disciplinary actions, tax liability, and other pending litigation based on the materiality policy.
Risks the company discloses
We do not own any of the properties from which we operate. We lease our registered office in Mumbai for 22 months ending on May 02, 2027. There is no guarantee that these leases will be renewed or extended once their term is complete.(Operational)
Our Company had negative cash flow in the financial years ended March 31, 2026, March 31, 2025 and March 31, 2024. Sustained negative cash flow could impact our growth and business.(Financial)
We derive a significant portion of our revenues from the sale of our services in Uttar Pradesh (42.60%, 46.86% and 57.16% of total revenue from operations in Fiscal 2026, 2025 and 2024 respectively), Rajasthan (24.00%, 23.21% and 0.76%) and Maharashtra (26.76%, 29.71% and 42.03%). Any adverse developments in these regions could adversely affect our business.(Geographic Concentration)
Our success depends on our ability to attract and retain students. Any failure to do so could adversely impact our business, reputation, financial conditions and cash flows.(Business Model)
Certain media reports have incorrectly referred to Suniel Shetty as an investor in our Company, which may lead to misinterpretation and impact investor perception.(Reputation)
There have been instances of non-compliances in respect of ROC related filing or payments. Delays in filing statutory forms such as ADT-1, PAS-3, MGT-14 and INC-27 ranged from 8 days to 2,958 days.(Compliance)
Our offline operations are supported by a network of 30 centres. Challenges in operating or scaling these offline centres could adversely affect our business.(Operational)
Our future growth and financial performance depend on our continued ability to maintain student interest, improve conversion of registered users into active subscribers, sustain engagement levels, and attract and retain qualified faculty members.(Business Model)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.