This UPSC coaching centre earned Rs 400 crore revenue in 2024, its name is…, its run by…, not of IAS Tanu Jain
GH News January 10, 2025 03:06 AM
Drishti IAS: UPSC coaching institutes are big business in India especially in major cities like Delhi which is considered a hub of IAS coaching centres in the country. According to a report Drishti IAS one of Delhis premier UPSC coaching institutes earned a revenue of over Rs 400 crore in financial year 2024 while its profits touched the Rs 90 crore-mark in the same period.
The revenue operations of Drishti IAS witnessed an impressive 30.6% year-on-year increase surging to Rs 405 crore in FY24 from Rs 310 crore in FY23 Entrackr reported citing fiscal statements filed by VDK Eduventures Private Limited the parent company of the Vikas Divyakirti-led coaching firm.
As per the report Drishti IAS has witnessed a remarkable growth in the last four years its revenue surging from Rs 40 crore in FY21 to Rs 119 crore in FY22 Rs 310 crore in FY23 and Rs 405 crore in FY24.
The institutes offline coaching services accounted for 94.8% of the total operating revenue which increased by 37.6% to Rs 384 crore in FY24 from Rs 279 crore in FY23 the report said adding that the remaining revenue was attributed to the sale of study materials including pen drives containing coaching classes books test papers and other related resources.
Mukherjee Nagar centre top earner
According to the report a major chunk of Drishti IASs revenue came from its flagship coaching centre in Delhis Mukherjee Nagar contributing around 58% of the firms net revenue followed by its institutes in Prayagraj Jaipur and Karol Bagh.
The 26-year-old coaching platform runs seven centres across northern India-- two in Delhis Karol Bagh and Mukherjee Nagar three in Uttar Pradeshs Noida Prayagraj and Lucknow and one each in Rajasthans Jaipur and Indore in Madhya Pradesh.
Vikas Divyakirti received over Rs 15 crore
Vikas Divyakirti a former civil servant who briefly worked for the Ministry of Home Affairs (MHA) before resigning from the post is the founder and managing director of Drishti IAS a coaching platform for competitive exams he established in 1996.
As per the report Vikas Divyakirti received a total of Rs 15.17 crore from Drishti IAS in FY-24 including Rs 3.97 crore in rent Rs 5.2 crore in salary and Rs 6 crore in faculty charges. His wife Taruna Verma also received a salary of Rs 2.4 crore during the same period it said.