New Delhi, Jan. 27 -- Community management leader MyGate is banking on increased penetration in societies and advertising revenue to drive profitable growth in the next three to four years, a top company official told Mint. The growth will, however, be at a slower pace than in the ongoing financial year.

"We are at that stage where we can grow at least 30% year-on-year on the back of societies and advertising revenue. With some new verticals and experiments, we may be able to drive 50% growth," said Abhishek Kumar, co-founder and chief executive of the company, for beyond 2024-25.

For this fiscal year, Kumar said the startup achieved company-wide profitability and was on track to almost double its revenue, adding that the company can ea...