MindBox aims to double revenue by 2018
We started with three schools in 2013 and have grown to 40 schools in 15 cities. Going ahead, we plan to get into more cities which will include district-level schools and plan to double our student count from 20,000 students currently and also double our revenues.
Hyderabad: MindBox that offers creative and technology-based courses for school and college students is aiming to double its revenue by financial year 2018 and is also looking at break-even around the same time. The three-year-old company uses new and emerging technologies like robotics, 3D printing to enhance the learning of students across different classes. It provides total solution for the school which includes a teacher, technology software and hardware infrastructure among others.
“We started with three schools in 2013 and have grown to 40 schools in 15 cities. Going ahead, we plan to get into more cities which will include district-level schools and plan to double our student count from 20,000 students currently and also double our revenues. We also expect to break-even by FY’2018,” said Rishi Khemka, CEO, ARK Infosolutions.
The company closed the last financial year with Rs 7 crore revenue with an overall group revenue of Rs 200 crore. ARK has in total invested Rs 15 crore in MindBox, Khemka added.
In addition, to its school initiative, MindBox is also providing products for engineering colleges which was started two years back in Telangana and Andhra Pradesh. As part of this they try to bridge the skill gap between industry and academia. “We have partnered with 20 colleges in Telangana and AP,” Khemka informed.
Going ahead, the company plans to design new programmes on app development, 3D printing, and Internet of Things (IoT). It is also all set to enter the Hyderabad market by April 2018. The New Delhi headquarted company is an initiative by ARK Infosolutions – that has over 15 years’ experience in creative media and entertainment industry.
Khemka was one of the speakers at the Unite India 2017 and Nasscom Game Developers Conference.