Fusion Klassroom Edutech Limited IPO

High-Margin, Asset-Light Digital Core with Strong Operating Leverage.

Diversified and Resilient Revenue Architecture.

Profitability Track Record with Strong Capital Discipline.

Scaled, Proven and Monetizable Education Platform with National Reach.

Deep Government, Institutional and Regulatory Execution Capability.

Proprietary Content Library with Long Economic Life and AI SaaS Optionality.

Established 9+ Year Brand with Strong Distribution Moat.

High-Demand, Future-Ready Course Portfolio Driving Long-Term Growth.

The company does not own any of the properties from which its operates. If the company is unable to renew its current leases or if the company renew them on terms which are detrimental to the Company, its may suffer a disruption in its operations or increased relocating costs, or both, which could adversely affect the companys business, results of operations, cash flows and financial condition.

The Company has negative cash flow in the financial year ended on March 31, 2026, March 31, 2025 and March 31, 2024 details of which are given below. Sustained negative cash flow could impact its growth and business.

The company derives a significant portion of its revenues from the sale of the companys services in certain key states. Its revenues from Uttar Pradesh constituted 42.60%, 46.86% and 57.16% of the companys total revenue from operations in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Revenues from Rajasthan accounted for 24.00%, 23.21% and 0.76% during Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively, while revenues from Maharashtra contributed 26.76%, 29.71% and 42.03% during the same periods. In addition, revenues from Haryana constituted 5.64% of its total revenue from operations in Fiscal 2026, while revenues from Karnataka constituted 0.62% during Fiscal 2026. Consequently, a substantial portion of the companys revenues is geographically concentrated in these states. Any adverse developments, including changes in state-specific regulations, economic conditions, political instability, natural calamities, or disruptions affecting its operations in such regions, could have an adverse impact on the companys business, results of operations, financial condition and cash flows.

The companys success depends on its ability to attract and retain students. Any failures to does so could adversely impact the companys business, reputation, financial conditions and cash flows.

Certain media reports have incorrectly referred to Suniel Shetty as an investor in the Company, which may lead to misinterpretation and impact investor perception.

There has been certain instances of non-compliances in respect of ROC related filing or payments.

The company has generally complied with applicable statutory filing and payment requirements, except for certain delays in filing and payment of GST dues in a few cases whose details has been explained below.

The companys success depends on its ability to attract and retain faculty members. Any failures to does so could adversely impact the companys business, operations, financial condition and cash flow.

Failures or disruptions in the companys information technology systems, digital platforms and OTT applications could adversely affect its education delivery, operations and financial performance.

The company is dependent on its key employees and senior management, and any inability to attract or retain such personnel could adversely affect the companys business and financial performance.