Foradian Technologies
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Foradian Technologies - overview
Established
2009
Location
Bangalore, Karnataka, India
Primary Industry
Software
About
Foradian Technologies develops innovative educational software solutions for K-12 and higher education institutions, enhancing administrative efficiency through their comprehensive platforms. Founded in 2009 and headquartered in Bangalore, India, Foradian Technologies focuses on providing educational software solutions. The company has undergone strategic pivots and has completed a total of 3 deals, with the most recent one occurring on March 2, 2022. Foradian was acquired by 3rdFlix Visual Effects Pvt.
Ltd. for an undisclosed amount. The CEO, Neelakantha Karinje, leads the company in its mission to optimize educational administration. Foradian Technologies specializes in developing educational software tailored for K-12 and higher education institutions.
Their flagship product, Fedena, includes over 50 modules addressing institutional needs such as grade management, attendance tracking, and fee processing. Additionally, they offer Uzity, a user-friendly cloud-based Learning Management System (LMS) designed to enhance accessibility and ease of use in educational settings. Their products are adopted by various educational institutions in India and other emerging markets, enhancing digital education capabilities. In the most recent year, 2022, Foradian Technologies reported a revenue of USD 655,162.
80, with an EBITDA of USD -191,780. 50. The company operates on a subscription-based revenue model, where educational institutions pay for access to their software solutions, ensuring ongoing revenue through annual renewals based on tiered pricing plans. In March 2022, following its acquisition by 3rdFlix Visual Effects Pvt.
Ltd. , Foradian Technologies plans to leverage the acquisition to expand its product suite for educational institutions globally. The recent funding will support the development of new educational products and enhance existing solutions, with a focus on increasing market penetration in international regions. Specific targets for market expansion and detailed product launches will be addressed in upcoming strategic initiatives.
Current Investors
Practically
Primary Industry
Software
Sub Industries
Web Development, Web Applications, Education & Training Software
Website
www.foradian.com
Verticals
EdTech, HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Foradian Technologies - timeline of key events
Foradian Technologies - financials
| Fiscal Year Ended | Mar 31, 2011 | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,734,690 | 6,929,790 | - | 29,302,940 | 46,879,034 | 47,021,315 | 44,793,753 | 61,844,694 | 59,497,551 | - | - | - |
| % Revenue Growth (YoY) | - | 153.4% | - | - | 60.0% | 0.3% | (4.7%) | 38.1% | (3.8%) | - | - | - |
| EBITDA (USD) | (1,879,890) | 177,000 | - | (10,769,986) | (43,783,089) | (44,428,129) | (5,441,763) | (4,852,176) | 5,408,643 | - | - | - |
| Operating Income (USD) | (2,075,910) | (45,990) | - | (11,126,803) | (45,917,090) | (48,343,147) | (9,616,110) | (7,231,913) | 4,891,254 | - | - | - |
| Operating Margin | (75.9%) | (0.7%) | - | (38.0%) | (97.9%) | (102.8%) | (21.5%) | (11.7%) | 8.2% | - | - | - |
| % EBITDA Margin | (68.7%) | 2.6% | - | (36.8%) | (93.4%) | (94.5%) | (12.1%) | (7.8%) | 9.1% | - | - | - |
| NET Income (USD) | (2,090,080) | (89,840) | 1,065,338.5 | (11,039,391) | (45,764,725) | (47,977,486) | (9,620,223) | (8,557,393) | 3,753,677 | - | - | - |
| % Net Margin | (76.4%) | (1.3%) | - | (37.7%) | (97.6%) | (102.0%) | (21.5%) | (13.8%) | 6.3% | - | - | - |
Foradian Technologies - employee data
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