Unicorn Allen Career Institute posts Rs 429 Cr Profit in FY23

HomeStartupUnicorn Allen Career Institute posts Rs 429 Cr Profit in FY23

Published on

November 2, 2023

Allen Career Institute, an Indian test prep brand, reported revenue of INR 2,277 crore for the fiscal year ending March 2023.
The institute registered 1.27 lakh students for the academic year 2022-23 and offers courses for various competitive exams.
Allen received $600 million in funding in May 2022 from Bodhi Tree Systems, valuing the company at $1.2 billion.
Course fees are the primary source of revenue for Allen, with additional income from book and study material sales.
Allen posted a profit of INR 429 crore after taxes for the fiscal year, with a 20% EBITDA margin and 13% ROCE.