Career Point Edutech Wins ₹1.51 Crore Coaching Contract from Maharashtra Government
Career Point Edutech secures Maharashtra Govt coaching contract

Image: Business Standard
Career Point Edutech has secured a ₹1.51 crore contract from the Maharashtra government to provide coaching for competitive exams like JEE and NEET. The agreement includes online and offline classes, mentoring, and digital resources for 300 students over two years.
- 01The contract is valued at ₹1.51 crore for coaching services to 300 students.
- 02Services include live classes, offline mentoring, digital study materials, and performance tracking.
- 03Payments will be made in instalments based on course completion milestones over a two-year period.
- 04Career Point Edutech reported a 44.8% increase in net profit to ₹5.59 crore in Q4 FY26, despite a revenue decline of 4.9%.
- 05The contract does not involve any related-party transactions as confirmed by Career Point Edutech.
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Career Point Edutech has been awarded a contract worth ₹1.51 crore by the Vasantrao Naik Research and Training Institute (VANARTI), a Maharashtra government initiative, to provide coaching services for competitive entrance exams such as JEE, NEET, and CET. This agreement will cater to students from the Other Backward Bahujan Welfare Department categories in Maharashtra. The scope of the contract includes both online and offline coaching, live interactive classes, offline mentoring, digital study materials, online test practice, performance tracking, and provision of tablets with data connectivity when applicable. The contract is set for two years, with the possibility of annual extensions for up to two additional years based on mutual agreement. Payments will be released in instalments tied to course-completion milestones. Career Point Edutech also reported a 44.8% year-on-year increase in consolidated net profit, reaching ₹5.59 crore in Q4 FY26, although revenue from operations saw a 4.9% decline compared to the same quarter last year. The company's shares closed at ₹175 on the BSE on June 5, 2026.
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The coaching contract will provide educational resources and support to students from marginalized communities in Maharashtra, enhancing their opportunities for competitive exams.
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