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UPGRAD EDUCATION PRIVATE LIMITED

Active
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.

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Industry

Education
Products
  • Online learning and certification courses
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
68.44%
₹ 1,018.0
EBITDA
-
₹ -353.1
Net Profit
-
₹ -473.5
Networth
-115.56%
₹ -88.2
Borrowings
624.54%
₹ 367.4
Assets
-11.5%
₹ 1,394.4
Gross Margin
35.19
99.9 %
Operating Margin
35.81
-34.7 %
Net Profit Margin
105.5
-44.2 %
Return on Equity
-
- %
ROCE
1199.31
345.1 %
Debt to Equity
-4.26
-4.2
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (11)
State Type Address

location icon Locations on Map

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • VERY LOW INTEREST COVERAGE
Moderate Risk
  • LOSS MAKING
  • PAYABLES DETERIORATING
  • CASH DETERIORATING
Low Risk
  • HIGH 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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Peers / Similar Companies

Sorting Hat Technologies Private Limited Karnataka
Vedantu Innovations Private Limited Karnataka
Coursera India Private Limited Haryana
Extramarks Education India Private Limited Delhi
Think & Learn Private Limited Karnataka
Simplilearn Solutions Private Limited Karnataka

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 162.3 300.2 420.6 604.4 1,018.0
Operating profit -74.3 -186.0 -545.7 -426.0 -353.1
Net profit -78.9 -202.4 -584.0 -951.0 -473.5
Gross margin 80.2 71.8 62.2 64.7 99.9
Operating margin -45.8 -62.0 -129.8 -70.5 -34.7
Net margin -48.5 -66.8 -133.3 -149.7 -44.2
Networth -111.6 -306.4 109.9 566.7 -88.2
Borrowings 100.0 207.9 68.8 50.7 367.4
Assets 67.2 123.9 901.7 1,575.5 1,394.4
Debt to equity -0.9 -0.7 0.6 0.1 -4.2
Current ratio 0.3 0.1 0.4 0.5 0.3
ROE - - -531.5 -167.8 -
Days payable 389.0 184.0 598.0 366.0 93,277.0
WC days -253.0 -400.0 -340.0 -229.0 -322.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 71.0 71.0 74.9 235.3 280.1
Reserves -182.6 -377.4 35.0 331.4 -368.2
Borrowings + 100.0 207.9 68.8 50.7 367.4
Long term borrowings 8.5 40.0 - - -
Short term borrowings 91.5 167.9 68.8 50.7 367.4
Trade payables + 34.4 42.6 260.6 214.2 374.1
Days payable 389.0 184.0 598.0 366.0 93,277.0
Other liabilities + 78.8 222.4 723.0 958.1 1,115.2
Other non-current liabilities 1.9 0.8 98.9 315.3 251.9
Other current liabilities 42.5 179.0 363.6 428.7 489.1
Total liabilities 67.2 123.9 901.7 1,575.5 1,394.4
Fixed Assets + 9.1 48.0 229.9 434.2 754.7
Tangible assets 8.6 8.4 4.1 3.7 214.9
CWIP - - 6.1 16.5 -
Intangible assets 0.5 39.6 219.7 414.1 539.8
LT loans and advances 2.3 2.5 106.6 219.1 43.0
Other non-current assets - 13.2 264.1 607.2 262.7
Current assets + 55.9 60.2 301.1 315.0 333.9
Inventories - - 0.3 0.6 0.7
Trade receivables 19.4 15.5 40.9 27.6 89.7
Cash and cash equivalents 11.3 12.4 22.4 118.5 62.5
ST loans and advances 22.5 19.2 - - 1.5
Other current assets 2.7 13.0 237.4 168.3 179.5
Total assets 67.2 123.9 901.7 1,575.5 1,394.4
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 162.3 300.2 420.6 604.4 1,018.0
Sales growth % 90.67 84.93 40.1 43.69 68.44
Expenses + 241.5 505.3 998.3 1,095.3 1,559.9
Cost of goods 32.2 84.5 159.1 213.5 1.5
Employee cost 89.9 156.8 283.9 389.1 613.5
Other costs 114.6 244.9 523.3 427.8 756.0
Operating profit + -74.3 -186.0 -545.7 -426.0 -353.1
Operating margin % -45.8 -62.0 -129.8 -70.5 -34.7
Other income 0.2 2.7 17.4 31.0 53.6
Interest 2.5 12.3 4.2 15.6 51.9
Depreciation 2.3 6.7 27.9 49.3 137.0
Exceptional items - - -23.6 -491.1 -
Profit before tax -78.9 -202.4 -584.0 -951.0 -488.4
Tax - - - - -14.9
Profit - disc. ops - - - - -
Net profit -78.9 -202.4 -584.0 -951.0 -473.5
Net margin % -48.5 -66.8 -133.3 -149.7 -44.2
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity -0.9 -0.7 0.6 0.1 -4.2
Net Debt/Equity -0.8 -0.6 0.4 0.0 -3.5
Total Debt/Assets 1.5 1.7 0.1 0.0 0.3
Total Assets/Equity -0.6 -0.4 8.2 2.8 -15.8
Liquidity +
Current Ratio 0.3 0.1 0.4 0.5 0.3
Quick Ratio 0.3 0.1 0.4 0.5 0.3
Interest Coverage -29.6 -15.1 -131.2 -27.3 -6.8
Performance
Gross Margin 80.2 71.8 62.2 64.7 99.9
Operating Margin -45.8 -62.0 -129.8 -70.5 -34.7
Net Margin -48.5 -66.8 -133.3 -149.7 -44.2
Return +
Return on Equity - - -531.5 -167.8 -
Pre-tax ROCE 74.1 68.5 354.1 -854.2 345.1
Return on Assets -117.4 -163.3 -64.8 -60.4 -34.0
Pre-tax ROIC 333.8 173.9 -367.0 -83.9 -226.2
Efficiency +
Days Payable 389.0 184.0 598.0 366.0 93,277.0
Days Inventory 0.0 0.0 1.0 1.0 185.0
Days Receivable 44.0 19.0 36.0 17.0 32.0
Fixed Asset Turnover 17.9 6.2 1.8 1.4 1.4
Total Asset Turnover 2.4 2.4 0.5 0.4 0.7
Working Capital
Cash Conversion Cycle -345.0 -165.0 -561.0 -348.0 -93,060.0
Working Capital Days -253.0 -400.0 -340.0 -229.0 -322.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

IDBI Trusteeship Services Limited

No. of Loans: 1

Total Amount : 250.0 cr

2

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 100.2 cr

3

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

4

HDFC Bank Limited

No. of Loans: 1

Total Amount : 0.1 cr

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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 4 years
Director Inderbir Singh Dhingra 03145392 4 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
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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 Pty Ltd Australia - -
Knowledgehut Inc. United States - -
upGrad 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
TRANSFORMING HIGHER EDUCATION GATE ACADEMY PRIVATE LIMITED Maharashtra 2011 ₹ 5.7 L
FUTURE TECHNOLOGY SKILLS FOUNDATION Maharashtra 2021 ₹ 1.0 L
GSP EDUCATION SERVICES PRIVATE LIMITED India - -
CENTUM WORKSKILLS INDIA LIMITED Maharashtra 2010 ₹ 21.6 Cr
Centum Learning Nigeria Limited Nigeria - -
PT. Upgrad Teknologi Indonesia - -
upGrad Tech LLC Vietnam Viet Nam - -
Global Study Partners Holdings Pty Ltd Australia - -
upGrad Canada Inc (formerly known as Knowledgehut Canada Inc) Canada - -
Centum Learning Nigeria Limited Nigeria - -
PT. Upgrad Teknologi (Indonesia) Indonesia - -
Upgrad Institute Pte Ltd (formerly known as Zespiron School Pte Ltd) Singapore - -
Upgrad Tech LLC Viet Nam - -

Registered Details

CIN

U80902MH2012PTC258559

PAN

AAECD4879M

Incorporation

2012, 12.3 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

FAQ - UPGRAD EDUCATION PRIVATE LIMITED

What is the incorporation date of UPGRAD EDUCATION PRIVATE LIMITED?

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

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

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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?

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

What is the registered address of UPGRAD EDUCATION PRIVATE LIMITED?

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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?

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The CIN number of UPGRAD EDUCATION PRIVATE LIMITED is U80902MH2012PTC258559.

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