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UPGRAD EDUCATION PRIVATE LIMITED

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Updated: 04 Nov 2024

The company operates an online higher education platform. The company offers diploma and certificate programs in digital marketing, product management, android development, data analytics, and entrepreneurship.

Upgrad Education Private Limited, is an unlisted private company incorporated on 11 December, 2012. It is classified as a private limited company and is located in Mumbai City, Maharashtra. It's authorized share capital is INR 1,662.41 cr and the total paid-up capital is INR 280.06 cr.

Industry

Education

Products

Online learning and certification courses

Key Metrics

** All rupee values in INR crores. Based on March 2023 numbers.

Sales

43.69%

₹ 604.4

EBITDA

₹ -426.0

Net Profit

₹ -951.0

Networth

415.69%

₹ 566.7

Borrowings

-26.29%

₹ 50.7

Assets

74.72%

₹ 1,575.5

Gross Margin

2.5

64.7%

Operating Margin

59.27

-70.5%

Net Profit Margin

-16.33

-149.7%

Return on Equity

363.63

-167.8%

ROCE

-1208.28

-854.2%

Debt to Equity

-0.54

0.1

Sales

Mar 2023

Net worth

Mar 2023

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Locations

India (11)

State	Type	Address

Locations on Map

Tofler Score

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Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING

Low Risk

LOW INVENTORY

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Financial Highlights

** All numbers in INR crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	85.1	162.3	300.2	420.6	604.4
Operating profit	-40.5	-74.3	-186.0	-545.7	-426.0
Net profit	-43.4	-78.9	-202.4	-584.0	-951.0
Gross margin	76.0	80.2	71.8	62.2	64.7
Operating margin	-47.6	-45.8	-62.0	-129.8	-70.5
Net margin	-50.9	-48.5	-66.8	-133.3	-149.7
Networth	-32.7	-111.6	-306.4	109.9	566.7
Borrowings	43.0	100.0	207.9	68.8	50.7
Assets	28.4	67.2	123.9	901.7	1,575.5
Debt to equity	-1.3	-0.9	-0.7	0.6	0.1
Current ratio	1.2	0.3	0.1	0.4	0.5
ROE	-	-	-	-531.5	-167.8
Days payable	97.0	389.0	184.0	598.0	366.0
WC days	16.0	-253.0	-400.0	-340.0	-229.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	71.0	71.0	71.0	74.9	235.3
Reserves	-103.7	-182.6	-377.4	35.0	331.4
Borrowings +	43.0	100.0	207.9	68.8	50.7
Long term borrowings	40.0	8.5	40.0	-	-
Short term borrowings	3.0	91.5	167.9	68.8	50.7
Trade payables +	5.4	34.4	42.6	260.6	214.2
Days payable	97.0	389.0	184.0	598.0	366.0
Other liabilities +	18.1	78.8	222.4	723.0	958.1
Other non-current liabilities	1.1	1.9	0.8	98.9	315.3
Other current liabilities	11.6	42.5	179.0	363.6	428.7
Total liabilities	28.4	67.2	123.9	901.7	1,575.5
Fixed Assets +	3.5	9.1	48.0	229.9	434.2
Tangible assets	3.1	8.6	8.4	4.1	3.7
CWIP	-	-	-	6.1	16.5
Intangible assets	0.4	0.5	39.6	219.7	414.1
LT loans and advances	1.1	2.3	2.5	106.6	219.1
Other non-current assets	-	-	13.2	264.1	607.2
Current assets +	23.7	55.9	60.2	301.1	315.0
Inventories	-	-	-	0.3	0.6
Trade receivables	12.9	19.4	15.5	40.9	27.6
Cash and cash equivalents	1.7	11.3	12.4	22.4	118.5
ST loans and advances	7.5	22.5	19.2	-	-
Other current assets	1.6	2.7	13.0	237.4	168.3
Total assets	28.4	67.2	123.9	901.7	1,575.5

Percentage of assets	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	250.29	105.64	57.29	8.31	14.94
Reserves	-365.66	-271.72	-304.5	3.88	21.03
Borrowings +	151.58	148.76	167.78	7.63	3.22
Long term borrowings	141.01	12.65	32.28	0.0	0.0
Short term borrowings	10.58	136.12	135.51	7.63	3.22
Trade payables	19.09	51.15	34.36	28.9	13.6
Other liabilities +	63.8	117.32	179.43	80.18	60.81
Other non-current liabilities	3.92	2.9	0.63	10.96	20.01
Other current liabilities	40.78	63.27	144.44	40.32	27.21
Total liabilities
Fixed Assets +	12.4	13.52	38.74	25.5	27.56
Tangible assets	11.03	12.78	6.81	0.46	0.23
CWIP	0.0	0.05	0.0	0.68	1.04
Intangible assets	1.37	0.69	31.94	24.36	26.29
LT loans and advances	3.93	3.37	2.04	11.82	13.91
Other non-current assets	0.0	0.0	10.68	29.29	38.54
Current assets +	83.67	83.11	48.54	33.39	19.99
Inventories	0.0	0.0	0.0	0.04	0.04
Trade receivables	45.39	28.84	12.55	4.54	1.75
Cash and cash equivalents	6.1	16.84	9.99	2.48	7.52
ST loans and advances	26.57	33.44	15.49	0.0	0.0
Other current assets	5.61	3.99	10.51	26.32	10.68
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales +	85.1	162.3	300.2	420.6	604.4
Sales growth %	135.75	90.67	84.93	40.1	43.69
Expenses +	128.6	241.5	505.3	998.3	1,095.3
Cost of goods	20.5	32.2	84.5	159.1	213.5
Employee cost	47.6	89.9	156.8	283.9	389.1
Other costs	57.6	114.6	244.9	523.3	427.8
Operating profit +	-40.5	-74.3	-186.0	-545.7	-426.0
Operating margin %	-47.6	-45.8	-62.0	-129.8	-70.5
Other income	-	0.2	2.7	17.4	31.0
Interest	1.4	2.5	12.3	4.2	15.6
Depreciation	1.5	2.3	6.7	27.9	49.3
Exceptional items	-	-	-	-23.6	-491.1
Profit before tax	-43.4	-78.9	-202.4	-584.0	-951.0
Tax	-	-	-	-	-
Profit - disc. ops	-	-	-	-	-
Net profit	-43.4	-78.9	-202.4	-584.0	-951.0
Net margin %	-50.9	-48.5	-66.8	-133.3	-149.7

Precentage of total income	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	99.91	99.86	99.12	96.03	95.12
Expenses +	150.88	148.53	166.82	227.95	172.39
Cost of goods	24.01	19.82	27.9	36.33	33.61
Employee cost	55.8	55.3	51.77	64.81	61.24
Other costs	67.61	70.47	80.86	119.49	67.33
Operating profit	-47.51	-45.73	-61.41	-124.61	-67.05
Other income	0.09	0.14	0.88	3.97	4.88
Interest	1.67	1.54	4.07	0.95	2.46
Depreciation	1.79	1.39	2.22	6.36	7.76
Exceptional items	0.0	0.0	0.0	-5.4	-77.29
Profit before tax	-50.88	-48.53	-66.82	-133.35	-149.68
Tax	0.0	0.0	0.0	0.0	0.0
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-50.88	-48.53	-66.82	-133.35	-149.68

Revenue from operations

Ratios

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Solvency +
Total Debt/Equity	-1.3	-0.9	-0.7	0.6	0.1
Net Debt/Equity	-1.3	-0.8	-0.6	0.4	0.0
Total Debt/Assets	1.5	1.5	1.7	0.1	0.0
Total Assets/Equity	-0.9	-0.6	-0.4	8.2	2.8
Liquidity +
Current Ratio	1.2	0.3	0.1	0.4	0.5
Quick Ratio	1.2	0.3	0.1	0.4	0.5
Interest Coverage	-28.4	-29.6	-15.1	-131.2	-27.3
Performance
Gross Margin	76.0	80.2	71.8	62.2	64.7
Operating Margin	-47.6	-45.8	-62.0	-129.8	-70.5
Net Margin	-50.9	-48.5	-66.8	-133.3	-149.7
Return +
Return on Equity	-	-	-	-531.5	-167.8
Pre-tax ROCE	-578.2	74.1	68.5	354.1	-854.2
Return on Assets	-152.8	-117.4	-163.3	-64.8	-60.4
Pre-tax ROIC	-491.9	333.8	173.9	-367.0	-83.9
Efficiency +
Days Payable	97.0	389.0	184.0	598.0	366.0
Days Inventory	0.0	0.0	0.0	1.0	1.0
Days Receivable	55.0	44.0	19.0	36.0	17.0
Fixed Asset Turnover	24.2	17.9	6.2	1.8	1.4
Total Asset Turnover	3.0	2.4	2.4	0.5	0.4
Working Capital
Cash Conversion Cycle	-42.0	-345.0	-165.0	-561.0	-348.0
Working Capital Days	16.0	-253.0	-400.0	-340.0	-229.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

IDBI Trusteeship Services Limited

No. of Loans: 1

Total Amount : 250.0 cr

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 100.2 cr

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

HDFC Bank Limited

No. of Loans: 1

Total Amount : 0.1 cr

Charge Holder	Amount	Date of creation/modification
Kotak Mahindra Bank Limited	100.0 cr	01 Aug, 2024
The Hongkong and Shanghai Banking Corporation Limited	100.2 cr	18 Jun, 2024
IDBI Trusteeship Services Limited	250.0 cr	22 May, 2024
HDFC Bank Limited	0.1 cr	06 Oct, 2023

Charges

IDBI Trusteeship Services Limited

The Hongkong and Shanghai Banking Corporation Limited

Kotak Mahindra Bank Limited

HDFC Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Rohinton Soli Screwvala Shareholder	00003423	10 years
Director	Chander Prakash Gurnani	00018234	1 years
Director	Vishesh Shrivastav	02159016	3 years
Director	Inderbir Singh Dhingra	03145392	3 years
Kmp	Venkatesh Lakshminarayanan Tarakkad	<HIDDEN>	1 years
Managing Director	Mayank Kumar Shareholder	05002534	10 years
Director	Arnoud Cyriel Leo Eugeen De Meyer	09408470	3 years
CS	Khushboo Sandeep Shah	<HIDDEN>	9 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
UNISPORTS AND MANAGEMENT PRIVATE LIMITED	Active	1.0 Cr	1	Maharashtra
SWADES FOUNDATION	Active	1.0 L	1	Maharashtra
UNITED ENTERTAINMENT SOLUTIONS LIMITED	Amalgamated	1.0 Cr	1	Maharashtra
UPGRAD FOUNDATION	Active	10.0 L	2	Maharashtra
UNILAZER ALTERNATIVE VENTURES LLP	Active	84.0 Cr	1	Maharashtra
THE SKY IS PINK PRODUCTIONS LLP	Active	1.0 L	1	Maharashtra
UVPL POETIC LICENSE DEVELOPMENT LLP	Active	50,000.0	1	Maharashtra
SATYAM COMPUTER SERVICES LTD	Amalgamated	235.5 Cr	1	Telangana
IPOLICY NETWORKS LIMITED	Amalgamated	19.5 Cr	1	Delhi
MAHINDRA EDUCATIONAL INSTITUTIONS	Active	1.0 L	1	Telangana
H S MANGALAM REALTORS PRIVATE LIMITED	Strike Off	0.0	1	Maharashtra
TECH MAHINDRA ( R & D SERVICES) LIMITED	Amalgamated	4.6 Cr	1	Karnataka
AIC MAHINDRA E-HUB FOUNDATION	Active	1.0 L	1	Telangana
MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED	Active	202.0 Cr	1	Maharashtra
ALGONOMY SOFTWARE PRIVATE LIMITED	Active	27.9 Cr	1	Karnataka
FIVEX CAPITAL ADVISORY PRIVATE LIMITED	Strike Off	1.0 L	1	Delhi
TEMASEK HOLDINGS ADVISORS INDIA PRIVATE LIMITED	Active	2.2 Cr	1	Maharashtra
DELIGHTFUL GOURMET PRIVATE LIMITED	Active	110.6 Cr	1	Karnataka
CUREFIT HEALTHCARE PRIVATE LIMITED	Active	1,232.2 Cr	1	Karnataka
CENTUM LEARNING LIMITED	Active	1.8 Cr	1	Maharashtra
UPGRAD COLLEGE OF TECHNOLOGY AND MANAGEMENT PRIVATE LIMITED	Amalgamated	16.2 Cr	1	Maharashtra
KNOWLEDGEHUT SOLUTIONS PRIVATE LIMITED	Active	1.6 L	1	Maharashtra
REKRUT INDIA PRIVATE LIMITED	Amalgamated	2.7 L	1	Maharashtra

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
Upgrad Edtech UK Limited	United Kingdom	-	-
Upgrad Tech PTE Limited	Singapore	-	-
Upgrad Inc	United States	-	-
Zeolearn LLC	United States	-	-
KNOWLEDGEHUT SOLUTIONS PRIVATE LIMITED	Maharashtra	2011	₹ 1.6 L
Knowledgehut Solutions Pty Ltd	Singapore	-	-
Knowledgehut Inc.	United States	-	-
KnowledgeHut Canada Inc	Canada	-	-
Knowledgehut Solutions Pte Ltd	Singapore	-	-
Transcube Consulting GMBH	Germany	-	-
Transcube Consulting DMCC	United Arab Emirates	-	-
Upgrad Institute Pte Ltd	Singapore	-	-
UPGRAD FOUNDATION	Maharashtra	2022	₹ 10.0 L
REKRUT INDIA PRIVATE LIMITED	Maharashtra	2020	₹ 2.7 L
TRANSFORMING HIGHER EDUCATION GATE ACADEMY PRIVATE LIMITED	Maharashtra	2011	₹ 5.7 L
FUTURE TECHNOLOGY SKILLS FOUNDATION	Maharashtra	2021	₹ 1.0 L
WORK BETTER TRAINING PRIVATE LIMITED	Maharashtra	2006	₹ 4.4 L
ARRINA EDUCATION SERVICES PRIVATE LIMITED	Maharashtra	2012	₹ 160.1 Cr
TALENTEDGE EDUCATION VENTURES PRIVATE LIMITED	Maharashtra	2015	₹ 25.0 Cr
INSOFE EDUCATION PRIVATE LIMITED	Maharashtra	2014	₹ 12.4 L
GSP EDUCATION SERVICES PRIVATE LIMITED	Delhi	2019	₹ 1.0 L
WOLVES RECRUITMENT AND STAFFING PRIVATE LIMITED	Maharashtra	2018	₹ 80,000.0
HARAPPA LEARNING PRIVATE LIMITED	Maharashtra	2018	₹ 33.6 L
CENTUM LEARNING LIMITED	Maharashtra	2007	₹ 1.8 Cr
CENTUM WORKSKILLS INDIA LIMITED	Maharashtra	2010	₹ 21.6 Cr
Centum Learning Nigeria Limited	Nigeria	-	-
PT. Upgrad Teknologi (Indonesia)	Indonesia	-	-
upGrad Tech LLC Vietnam	Viet Nam	-	-
Transcube Consulting DMC	United Arab Emirates	-	-
Upgrad Inc.	United States	-	-
Centum Learning Nigeria Limited	Nigeria	-	-
Zespiron School Pte Ltd	Singapore	-	-
Upgrad Tech LLC	Viet Nam	-	-

Registered Details

CIN

U80902MH2012PTC258559

PAN

AAECD4879M

Incorporation

2012, 12.0 years

Company Email

cs@upgrad.com

Paid up Capital

₹ 280.1 Cr

Authorised Capital

₹ 1,662.4 Cr

AGM

Nov 2023

Type

Private

Non-government Company

Last Balance Sheet Date

Mar 2023 Updated on : 04 Nov 2024

* This is the date provided by MCA, but availability for this year is not guaranteed.

FAQ - UPGRAD EDUCATION PRIVATE LIMITED

What is the incorporation date of UPGRAD EDUCATION PRIVATE LIMITED?

The incorporation date of UPGRAD EDUCATION PRIVATE LIMITED is 11 December, 2012

What is the authorized share capital of UPGRAD EDUCATION PRIVATE LIMITED?

The authorized share capital of UPGRAD EDUCATION PRIVATE LIMITED is INR ₹ 1,662.4 Cr.

What is the paid-up capital of UPGRAD EDUCATION PRIVATE LIMITED?

The paid-up capital of UPGRAD EDUCATION PRIVATE LIMITED is INR ₹ 280.1 Cr.

What is the registered address of UPGRAD EDUCATION PRIVATE LIMITED?

The registered address of UPGRAD EDUCATION PRIVATE LIMITED is Nishuvi, Ground Floor,75,Dr. Annie Besant Road Worli NA Mumbai Mumbai City Maharashtra - 400018

What is the CIN number of UPGRAD EDUCATION PRIVATE LIMITED?

The CIN number of UPGRAD EDUCATION PRIVATE LIMITED is U80902MH2012PTC258559.

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Sorting Hat Technologies Private Limited

Vedantu Innovations Private Limited

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Extramarks Education India Private Limited

Think & Learn Private Limited

Simplilearn Solutions Private Limited

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