💰 Financial Performance

Revenue Growth by Segment

Revenue is driven by Premium Subscriptions (Active Investor plan at INR 4,999 per year) and Edtech courses via Upsurge.club (9,041 learners). The platform serves 1.6 crore Indians, representing a massive user base for potential premium conversion.

Geographic Revenue Split

100% of revenue is generated in India, as the platform is specifically designed for Indian investors and 'Made with love in India'.

Profitability Margins

Not disclosed in available documents. However, Screener AI costs were reduced by over 70% in November 2025, significantly improving the gross margin on AI-driven features.

⚙️ Operational Drivers

Raw Materials

Financial data feeds (100% of core product input) and Cloud computing/AI processing credits.

Import Sources

India (domestic data sourcing).

Key Suppliers

C-MOTS Internet Technologies Pvt Ltd (primary financial data provider).

Capacity Expansion

Current user capacity is 1.6 crore Indians. Expansion is focused on feature depth, including the addition of Concalls, more screening ratios, and qualitative data sets.

Raw Material Costs

Screener AI operational costs were reduced by 70% in November 2025 through optimization, making the feature 30% smarter while lowering procurement expenses.

Manufacturing Efficiency

AI efficiency improved by 30% (smarter responses) and 70% (cost reduction) as of November 2025.

Logistics & Distribution

100% digital distribution via web and mobile platforms.

📈 Strategic Growth

Expected Growth Rate

Not disclosed in available documents

Growth Strategy

Growth is targeted through AI integration (Screener AI), expanding the educational ecosystem via Upsurge.club (75+ courses), and increasing premium utility by adding Concall summaries and 10,000+ commodity price trends.

Products & Services

Screener.in Premium (INR 4,999/year), Screener AI (insight extraction), and Stock Market Courses (Upsurge.club).

Brand Portfolio

Screener.in, Upsurge.club, Mittal Analytics.

New Products/Services

Screener AI (launched July 2025), Concall Summaries (Sept 2025), and Industry Group Data exports (Oct 2025).

Market Expansion

Targeting the growing financial literacy market in India, currently serving 1.6 crore users with a focus on converting hobby investors to active investors.

Market Share & Ranking

Leading stock screening tool in India with 1.6 crore users.

Strategic Alliances

Raise Financial Services (parent company of Valuationary/Upsurge.club) and C-MOTS Internet Technologies Pvt Ltd (Data partner).

🌍 External Factors

Industry Trends

Rapid shift toward AI-driven financial research and increased demand for financial literacy (9,041 learners enrolled in Screener courses).

Competitive Landscape

Operates in the fintech research tool space, competing with other Indian stock scanners and financial data platforms.

Competitive Moat

Network effect from 1.6 crore users, 15+ years of founder expertise in value investing, and proprietary custom ratio/screening tools that create high switching costs.

Macro Economic Sensitivity

Highly sensitive to Indian stock market participation rates and the growth of the Indian economy.

Consumer Behavior

Shift toward self-directed investing and a desire for 'multibagger' identification tools among retail investors.

Geopolitical Risks

Low, as operations and target markets are 100% domestic (India).

⚖️ Regulatory & Governance

Industry Regulations

Subject to Indian data privacy laws and financial information dissemination standards.

Taxation Policy Impact

Standard GST applies to all premium subscriptions (INR 4,999 inclusive of GST).

⚠️ Risk Analysis

Key Uncertainties

Accuracy of AI-generated insights from company documents and the potential for data provider (C-MOTS) contract renegotiations.

Geographic Concentration Risk

100% revenue concentration in India.

Third Party Dependencies

Critical dependency on C-MOTS for financial data and Raise Financial Services for corporate backing.

Technology Obsolescence Risk

Mitigated by the launch of Screener AI and continuous updates to CSV export features (ISIN codes, Industry groups).

Credit & Counterparty Risk

Low risk due to a prepaid subscription model for premium users.