Jaro Institute of Technology Management and Research IPO Upcoming
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About Jaro Institute of Technology Management and Research
Founded in 2009 by Dr. Sanjay Salunkhe, Jaro Institute of Technology Management and Research (Jaro Education) is a leading Indian edtech company specializing in online higher education and executive upskilling programs. The company partners with over 32 institutions, including 7 IIMs, 6 IITs, and international universities like the University of Toronto’s Rotman School of Management, offering more than 250 programs across management, technology, and analytics domains.
Financials of Jaro Institute of Technology Management and Research
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹570 crores |
| Fresh Issue | ₹170 crores |
| Offer for sale | ₹400 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Brand building | 81 (48%) |
| Repayment of borrowings | 48 (28%) |
| General corporate purposes | 41 (24%) |
Strengths
- Established partnerships with over 32 esteemed institutions, including IIMs, IITs, and international universities.
- Diverse portfolio of 250+ programs spanning management, technology, and analytics.
- Consistent profitability since inception, indicating a sustainable business model.
- Recognised with industry awards, enhancing brand credibility and market position.
- An extensive alumni network of over 350,000 professionals, reflecting a broad market reach.
Risks
- Dependence on partner institutions for program offerings and content quality.
- Revenue sharing agreements with partners may be renegotiated, affecting margins.
- Potential for partner institutions to independently market programs, increasing competition.
- Reputation risk if partner institutions’ course quality declines.
- Market competition from other edtech firms could impact growth and profitability.