💰 Financial Performance

Revenue Growth by Segment

Not disclosed in percentage terms; however, training fees from related parties (MD and relatives) totaled INR 19.27 Lakhs, representing a significant portion of internal revenue generation.

Geographic Revenue Split

100% of operations are domestic, specifically concentrated in Jaipur, Rajasthan, which limits revenue to regional economic cycles.

⚙️ Operational Drivers

Raw Materials

Not applicable for a service-based fintech academy; however, the company relies on its 19 permanent employees as its primary resource for delivering training services.

Import Sources

Not applicable.

Key Suppliers

Not applicable.

Capacity Expansion

Current capacity is 19 permanent employees; planned expansion details were not disclosed, which may limit the company's ability to scale rapidly to meet nationwide demand.

Raw Material Costs

Personnel costs are the primary expense; median employee remuneration increased by 64.35% to INR 1,77,500, reflecting the rising cost of acquiring and retaining skilled fintech trainers.

Manufacturing Efficiency

Not applicable.

Logistics & Distribution

Not applicable.

📈 Strategic Growth

Growth Strategy

The company plans to achieve growth by utilizing the INR 6.12 Cr IPO proceeds to scale its financial literacy and digital skilling programs, focusing on innovation and strategic partnerships to expand its market reach beyond Jaipur.

Products & Services

Financial literacy training, digital skilling courses, and fintech consultancy services sold to retail and corporate clients.

Brand Portfolio

SAFE (Sodhani Academy of Fintech Enablers).

Market Expansion

Targeting nationwide advancement in financial literacy and digital capabilities from its Jaipur base, aiming to leverage its new public listing for brand visibility.

🌍 External Factors

Industry Trends

The industry is shifting toward digital-first delivery; SAFE is positioning itself by utilizing its INR 6.12 Cr IPO capital to enhance its digital infrastructure and compete with larger edtech players in the growing financial literacy market.

Competitive Landscape

Intense competition in the digital skilling sector from both local and national edtech firms, requiring constant innovation to maintain market share.

Competitive Moat

The company's moat is its localized brand in Jaipur and MD expertise; however, the lack of an internal auditor and audit log (Rule 3(1)) may weaken governance and investor trust, making the moat less sustainable against institutional competitors.

Macro Economic Sensitivity

Sensitive to Indian retail investor sentiment; a downturn in the stock market could reduce demand for financial literacy courses by an estimated 15-20% as discretionary spending on education decreases.

Consumer Behavior

Increasing demand for certified fintech training among young professionals seeking to enhance their digital capabilities in a changing financial landscape.

Geopolitical Risks

Low, as operations are domestic; however, global fintech trends could influence local curriculum requirements.

⚖️ Regulatory & Governance

Industry Regulations

Subject to Companies Act 2013; currently non-compliant with Section 138 (Internal Auditor) and Rule 3(1) (Audit Log), which could lead to regulatory penalties and operational disruptions.

Legal Contingencies

No significant fraud or pending litigation reported; no notices from statutory authorities for corrective measures were received during the audit period.

⚠️ Risk Analysis

Key Uncertainties

Internal control deficiencies, specifically the lack of an internal auditor and audit trail, pose a risk to financial reporting accuracy and could lead to a 100% loss of regulatory standing if not rectified.

Geographic Concentration Risk

100% of operations in Jaipur, Rajasthan, making the company vulnerable to regional economic shifts.

Third Party Dependencies

High reliance on the Sodhani family for management and revenue, with INR 19.27 Lakhs in training fees coming from the MD and relatives, which could pose a risk if family dynamics change.

Technology Obsolescence Risk

Accounting software lacks the required audit trail features as per Rule 3(1) of the Companies (Accounts) Rules, necessitating an immediate technological upgrade to avoid non-compliance.