Eruditus is the third-largest edtech company in terms of value and its valuation has come on the back of over 70% increase in its operating income in the fiscal ending June 2021.
The company has filed its annual statements for FY21 and Fintrackr has analyzed the numbers to understand the financial performance of the company.
The company controls eight divisions across six countries and reserved a synthesized operating revenue of $131.2 million [Rs 960.38 crore], registering a 71% jump over FY20 revenue of $76.8 million.
Eruditus offers executive management programs, to both classrooms and online in partnership with over 50 universities worldwide. The company also offers workforce development programs via its online platform Emeritus claims to have educated more than 250,000 individuals across 80 countries.