Company Overview

Addictive Learning Technology Limited, originally incorporated as "Addictive Learning Technology Private Limited" on September 12, 2017, converted into a Public Company and changed its name on September 29, 2023. The company operates as a professional upskilling and career services edtech platform, primarily serving senior and mid-career professionals, and sometimes younger professionals. It delivers upskilling courses and training programs across domains such as Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing, and Data Science, utilizing three distinct brands: LawSikho, Skill Arbitrage, and Dataisgood.

The company focuses on enabling busy professionals to acquire high-demand skills, thereby facilitating access to both international and domestic freelance work opportunities and remote job positions. A significant emphasis is placed on providing upskilling courses that prepare learners for career opportunities in the international market through remote work.

Business Model and Offerings

The company's popular courses encompass subjects like US Intellectual Property Law, US Tax Law, US Accounting, Bookkeeping and Corporate Compliances, International Contract Drafting, International Business Law, International Labour Laws, US Technology Law, US Corporate Law, and US Real Estate Law. Furthermore, Addictive Learning Technology provides specialized training for international legal qualifications. This includes preparation for the Canada Bar Exam for Indian legal professionals seeking to practice in Canada, assistance for Indian-trained lawyers to qualify as solicitors in England and Wales via the Solicitors Qualifying Exam (SQE), and support for professionals aiming to pass the California Bar Exam for US law practice.

The company employs 145 full-time staff and leverages an additional 444 full-time consultants for specialized expertise. This hybrid model allows for scalable educational delivery while maintaining high levels of domain-specific knowledge.

Stock Market Performance

Addictive Learning Technology Ltd is traded on both the BSE (Code: 92466) and NSE (Symbol: LAWSIKHO), with ISIN INE0RDH01021. As of July 14, 2025, the stock exhibited a Price-to-Earnings (PE) ratio of 21.55 and a Price-to-Book (PB) ratio of 0.34. The 52-week trading range saw a high of Rs. 448.50 and a low of Rs. 125.60.

The market capitalization as of June 2025 was reported at ₹247.48 crore. The stock has displayed considerable volatility since its listing, which is characteristic of new public companies within the dynamic edtech sector.

IPO and Public Listing

The company successfully completed its Initial Public Offering (IPO), offering 42,97,000 equity shares of Rs. 10/- each at a price of Rs. 140/- per share, raising an aggregate of Rs. 60.16 crores. This comprised a fresh issue of up to 41,37,000 equity shares, totaling Rs. 57.92 crores. The IPO subscription period ran from January 19, 2024, to January 24, 2024, and the shares were listed on NSE SME on January 30, 2024. The IPO garnered significant investor interest, being subscribed 177.2793 times, reflecting strong confidence in the company's business model and future growth prospects.

Financial Performance

For the fiscal year 2024, Addictive Learning Technology Ltd reported a profit of Rs 7.21 crore on a total income of Rs 65.79 crore. More recent financial data indicates a revenue of ₹74.9 Cr and a profit of ₹9.76 Cr, showcasing consistent growth in both revenue and profitability.

Key financial metrics as of recent data:

- Total Asset Value: ₹79 Cr (as on 31-Mar-24)

- TTM Profit After Tax: ₹7 Cr

- Dividend: The company reports consistent profits but does not currently pay dividends.

It is noteworthy that 92% of their revenue in FY24 was generated from their legal education vertical, indicating a revenue concentration that presents challenges for expansion into other subject areas.

Management and Ownership Structure

The Managing Director is Ramanuj Mukherjee. The promoters of the company are Mr. Ramanuj Mukherjee and Mr. Abhyudaya Sunil Agarwal. Promoter holding in Addictive Learning Technology Ltd increased to 66.08% as of September 2024, from 66.07% in January 2024. There is no promoter pledging reported for the company.

Growth Prospects and Industry Position

Addictive Learning Technology Ltd operates within India's rapidly expanding online education market. Projections indicate that the Indian online education market is expected to grow by US$ 2.28 billion between 2021 and 2025, at a Compound Annual Growth Rate (CAGR) of approximately 20%. This growth trajectory offers substantial opportunities for companies like Addictive Learning Technology that specialize in professional upskilling and career advancement.

The company's peers in the market include Veranda Learning Solutions Ltd, CL Educate Ltd, Global Education Ltd, CP Capital Limited, and Arihant Academy Ltd. Addictive Learning Technology distinguishes itself from traditional educational providers through its unique focus on international legal education and professional upskilling.

The company's strategy of enabling professionals to access international career opportunities remotely aligns well with the global trend towards remote work and the increasing demand for specialized skills worldwide. With its established brands and comprehensive course offerings, Addictive Learning Technology is well-positioned to capitalize on the continued growth in professional education and upskilling demand.