Addictive Learning Technology Ltd - Stock Valuation and Financial Performance

Addictive Learning Technology was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of ‘Addictive Learning Technology Private Limited’ dated September 12, 2017, issued by the Registrar of Companies, Delhi. Subsequently, the company was converted into public limited company pursuant to a shareholders’ resolution passed at an Annual General Meeting held on September 19, 2023 and name of the Company was changed to ‘Addictive Learning Technology Limited’ and a fresh Certificate of Incorporation dated September 29, 2023, was issued by Registrar of Companies, Delhi.

The company is a professional upskilling and career services edtech platform which caters primarily to senior & mid-career professionals, and in some cases to young professionals as well. The company offers a comprehensive range of professional upskilling courses and training programs which includes Law, Finance, Compliance, Human Resources, Business Consulting, Artificial Intelligence, Content Writing and Data Science through three distinct brands LawSikho, Skill Arbitrage and Dataisgood. These educational offerings are designed to help busy professionals to learn high demand skills, develop a strong demonstrable track record & access international as well as domestic freelance work and remote jobs. It also caters to college students looking for advanced skills and recent graduates who are struggling to find jobs.

One of its major focus areas is to offer upskilling courses which enable its learners to find career opportunities in the international market remotely. Some of the popular courses cover 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, US Real Estate Law etc. 

Further, the company provides international bar exam courses such as: Canada Bar Exam, UK Solicitor Qualification Exam and California Bar Exam. These courses are meticulously designed to cater to learners who are looking to enhance their career growth by getting into new practice areas or enter new markets. It provides practical and industry-oriented courses designed to bridge the gap between theoretical education and practical application. The company’s courses are designed by its in-house team of curated professionals and experts with extensive experience in their respective fields. The company creates courses based on industry research and extensive consultation with different stakeholders. As a result, all its programs are customized to the industry’s requirements and needs, ensuring that it addresses major gaps in talent demand and supply.

Business verticals

Its business operates under a Business-to-Consumer (B2C) model, which means it directly provide its services to individual customers. Within this framework, it has expanded into three distinct verticals, each catering to specific needs and goals. These verticals are designed to offer a wide range of educational solutions and opportunities to its customers/students: Legal courses vertical; Professional upskilling vertical; and Data science and analytics vertical.

Categories of courses

• Domestic upskilling (Legal courses) 
• International upskilling (Legal courses) 
• International bar exams (Legal courses) 
• Test prep courses (Legal courses) 
• Professional upskilling (Skill arbitrage courses)

Business area of the company

The company is engaged in the business of carrying on technical and educational courses in the domain of applied data science, data analysis, data visualisation, machine learning, time-series forecasting, deep learning, recommendation engines, NLP, Chatbots, web scraping, computer vision and artificial intelligence.

History and milestones

• 2017: Incorporation of Company.
• 2021: Alteration in the Object Clause of Memorandum of Association.
• 2023: Alteration in Memorandum of Association due to consolidation of equity share capital. The Authorized equity Share Capital was consolidated from existing Rs 1 to Rs 10.
• 2023: Alteration of Name clause of Memorandum of Association and subsequently the company was converted from Private Limited Company into Public Company.
• 2023: Alteration in Memorandum of Association due to increase in Authorized equity share capital. The Authorized equity Share Capital was increased from existing Rs 10,000 to Rs 18 crore
• 2023: Shifting of registered office of the company from Delhi to the State of Haryana (Outside the state but within the jurisdiction of same ROC).