Sodhani Academy of Fintech Enablers Limited (**SAFE**) is a technology-led, hybrid education firm specializing in financial literacy and fintech skill development. The company bridges the gap between academic learning and industry employability through structured, experiential training programs. Following its successful listing on the **BSE SME Platform** in **September 2024**, the company is transitioning from a regional player in Jaipur to a national provider of financial education. --- ### **Strategic Pillars & Revenue Drivers** The company’s operations are built upon three strategic pillars designed to scale financial education across India: * **Training and Education:** Delivery of short-term and long-term courses covering **BFSI** (Banking, Financial Services, and Insurance), stock market fundamentals, trading strategies, wealth management, and digital/cyber awareness. * **Public-Private Collaborations:** Strategic partnerships with government bodies and regulatory agencies to drive mass enrollment. * **Technology-Driven Learning:** Utilization of **AI-based Learning Management Systems (LMS)**, gamified content, and paperless classrooms to provide personalized and scalable education. **Key Revenue Contracts & Work Orders:** | Partner / Project | Details | Value / Scope | | :--- | :--- | :--- | | **Rajasthan Council of School Education** | Financial literacy for classes **6 to 12** | Potential up to **₹65 Crore** (via CSR) | | **BFSI Sector Skill Council (BFSI SSC)** | SEBI Investor & NISM VA MFD Certification | **₹20 Lakhs** (5,300 candidates) | | **Bonanza Portfolio Ltd** | Corporate Training Agreement | **₹62.30 Lakhs** | | **Value Innovation Pvt Ltd** | Strategic Training Agreement | **₹50 Lakhs to ₹1 Crore** | | **RKCL** | "Share Market Mein Pehla Kadam" course | Distributed via **MyRKCL Portal** | --- ### **Operational Infrastructure & Delivery Methodology** SAFE employs a **hybrid delivery model**, combining physical "Live Trading Studios" with digital modules. * **Skill Development Centers:** The company operates fully computerized centers in **Jaipur** featuring a **Live Trading Studio** with an initial seating capacity of **35**. These studios provide hands-on experience during market hours and vocational training (**Digital Marketing, Tally, Excel**) post-market. * **Asset-Light Transition:** In **January 2026**, the company began shifting from a direct-branch model to a **Franchise-based Operating Model** to optimize costs. This included transitioning branches in **Bangalore** and **Guwahati** to franchises. * **Content Production:** A newly completed **Content Studio** facilitates high-quality video production for digital learning. * **Academic Affiliations:** SAFE has signed MOUs with **Vishvakarma Skill University**, **IIT Bombay (Spoken Tutorial)**, **Parul University**, and **Saint Soldier PG College** for university-approved skill programs and specialized **BBA/BCA** tracks. --- ### **Financial Performance & Capital Structure** The company has demonstrated explosive growth, with total income more than doubling in the most recent fiscal year. **Audited Financial Summary:** | Metric | FY 2023-24 (₹ Crore) | FY 2024-25 (₹ Crore) | Growth (%) | | :--- | :--- | :--- | :--- | | **Revenue from Operations** | **205.08** | **354.84** | **73.03%** | | **Total Income** | **306.95** | **654.01** | **113.04%** | | **Profit After Tax (PAT)** | **183.17** | **384.64** | **110.00%** | | **Earnings Per Share (EPS)** | **3.88** | **7.34** | **89.18%** | **IPO and Capital Position:** * **Listing:** Listed on **BSE Emerge** on **September 23, 2024**. The IPO was subscribed over **438 times**. * **Capital Raised:** Total issue size of **₹6.12 Crore** (**₹3.88 Crore** fresh issue; **₹2.24 Crore** OFS) at **₹40 per share**. * **Dividend:** Recommended a final dividend of **₹0.50 per share (5%)** for **FY 2024-25**. * **Investment Capacity:** Shareholders authorized the Board to make investments or provide loans/guarantees up to **₹100 Crore**. * **Strategic Investment:** Invested **₹1 Crore** in **Smart School Education Private Limited** via **CCPS**. --- ### **Service Portfolio & Target Segments** The company operates exclusively in the **Training & Learning** segment, categorized as follows: * **Institutional Education:** Joint course development for schools (**Levels 7 to 12**) and colleges. * **Retail Investors:** The **BLOSM (Basic Learning of Stock Market)** program, structured across **Levels 1 to 3**. * **Professional Upskilling:** Targeted training for **NBFC employees, Mutual Fund agents, and LIC agents** on regulatory updates and market trends. * **Specialized Initiatives:** Includes **'Masti Ki Pathshala'**, dedicated **Financial Literacy for Women**, and corporate-specific modules. --- ### **Future Roadmap & Digital Transformation** SAFE is prioritizing technological integration to reach **Tier-2 and Tier-3** cities: * **AI-Powered LMS:** Development of a mobile-first, adaptive learning platform to provide personalized student journeys. * **Product Diversification:** Launching advanced curricula in **Blockchain, Cybersecurity, and Ethical AI in Finance**. * **Multilingual Content:** Expanding regional reach by offering courses in multiple Indian languages. * **Operational Expansion:** A new operational center with a **50-person** capacity is slated for **January 2026**. --- ### **Risk Factors & Governance Notes** Investors should note specific regulatory and operational challenges: * **Statutory Non-Compliance:** The company failed to appoint an **Internal Auditor** for **FY 2024-25** within the required **6-month** window post-listing, violating **Section 138** of the **Companies Act, 2013**. * **Audit Trail Issues:** Statutory auditors noted the absence of a mandatory **audit trail (edit log)** in the accounting software as of **September 2025**. * **Related Party Transactions:** A material transaction with **MD Rajesh Kumar Sodhani** for property leasing (estimated at **₹1 Crore**) is expected to exceed **10%** of annual consolidated turnover. * **Market Risks:** High dependency on government collaborations and the need for continuous investment to prevent **technological obsolescence**. * **Asset Management:** The company divested a residential property in Jaipur in **March 2026** as part of ongoing operational adjustments.