24.4 C
State of Tripura
Tuesday, July 1, 2025

Tripura to become medical hub, announces CM Manik Saha

Tripura CM Manik Saha announces plans to...

Biplab Deb: “No woman is safe in Bengal under Mamata”

A BJP fact-finding team probing the alleged...

Jitendra Chaudhury slams BJP: “Democracy being slaughtered daily in Tripura”

CPI(M) leader Jitendra Chaudhury accused the BJP-led...

BYJU’S FY 22 growth intensifies, clocks gross revenues of nearly Rs 10,000 cr

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

Bengaluru: Ed-tech company BYJUs has registered nearly Rs 10,000 crore in gross revenues in FY 22 and its K-12 education business is showing accelerated growth. Between April – July 2022, the company logged a revenue of Rs 4530 crore.

BYJUS has received an unqualified report for FY21 from its auditor, Deloitte Haskins Sells, the company said in a press release, adding that the revenue for FY 21 of the BYJUS group is Rs. 2,428 crore.

There was significant business growth in FY 21 over FY 20, but since this is the first year where new revenue recognition started because of a COVID-related business model change, almost 40 percent of the revenue was deferred to subsequent years.

The rationalized growth between FY 21 and FY 20 is a result of the changes made in the way BYJUS recognizes its revenue, as advised by its auditors.

Recognising tutoring and live classes as the need of the hour, BYJUS launched its hybrid learning offering BYJUS Tuition Centre which brings the best of online and offline learning to students.

Today, there are 200+ active centres across India and the company aims to scale it up to 500 centres by the end of this year.

The BYJUS group is well-diversified across delivery modes (learning app, live online learning and hybrid learning), learning spectrum (from early learn to higher education) as well as geographies (more than a quarter of its revenue now comes from outside India).

With this, the group has become a leading full spectrum education player in the world.

BYJUS acquisitions across segments over the last year have seen substantial growth. Aakash in the test prep segment and Great Learning in the higher education segment have doubled their revenues since acquisition.

The company said Osmo and Epic! are scaling up rapidly in North America, in terms of both adoption and engagement.

Tynker has grown to be the largest coding community for children, globally.

The company continues to be a net hirer with a 50,000+ strong employee base globally.

BYJUS plans to hire a total of 10,000 more teachers in the coming year, adding to its current strength of 20,000 teachers.

To fuel its growth, the company is expanding its teams along with hiring senior leadership to effectively further build operational strength.

Along with the revenue growth and significant momentum, BYJUS continues to enjoy an industry-best NPS of 70 and has an annual retention renewal rate of 80 percent.

BYJUS has 150+ million learners accessing its products and services in 120+ countries.

- Advertisement -
spot_img
spot_img
spot_img

Latest News

India calls on Pakistan to expedite release of Indian prisoners completed their jail term –

India and Pakistan today exchanged the lists of civilian prisoners and fishermen in each other’s custody. According...