About Degreed Apac Private Limited
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Degreed Apac Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Degreed Inc.. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 04 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019FTC319055. Its GSTIN is 27AAHCD0244K1ZP (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Rhett Jensen Weller and Sandeep Beotra.
Its last annual general meeting (AGM) was held on 19 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 05 1st Floor Harismruti Chsl Opp. Hdfc Bank S.V.P. Road, Mumbai, Maharashtra, India – 400092.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.8 Cr, a growth of 64% compared to the previous year. For the same year it recorded a net profit of ₹1.92 Cr (net margin 10.2%) and EBITDA of ₹2.99 Cr (EBITDA margin 15.9%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Degreed.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website degreed.com.
Company details
Contact details
Degreed Apac Private Limited's registered office is in Mumbai, Maharashtra. Its website is degreed.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No. 05 1st Floor Harismruti Chsl Opp. Hdfc Bank S.V.P. Road, Mumbai, Maharashtra, India – 400092
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Degreed Apac Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Degreed Apac operates one associated brand: Degreed. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud-based LMS platform tracks skills across industries. | degreed.com |
Business activity
The main business activity of Degreed Apac is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Degreed Apac Private Limited, buy the company report.
Financials of Degreed Apac Private Limited
FY 2024 filings availableDegreed Apac Private Limited reported revenue of ₹18.8 Cr (up 64% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over three years, including 64% growth in the latest year. EBITDA rose 86% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.99 Cr | ||||
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| Net Profit (PAT) | ₹1.92 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 15.9% | ||||
| Net Profit Margin | 10.2% | ||||
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To see the full financial statements and ratios of Degreed Apac Private Limited, buy the company report.
Board of directors of Degreed Apac Private Limited
Degreed Apac has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rhett Jensen Weller Also directs: Degreed Apac Private Limited | Director | 14 Apr 2022 | 4 Years 6 Months | Current |
| Sandeep Beotra Also directs: Degreed Apac Private Limited | Director | 07 Aug 2023 | 3 Years 3 Months | Current |
| Ashu Jindal Also directs: Sifive India Private Limited | Additional Director | 06 Jan 2025 | 1 Years 10 Months | Current |
Peer comparison
Degreed Apac Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Panalpina Global Business Services India Private Limited | ₹18.82 Cr (FY 2019) | 90.0% | Mumbai, Maharashtra, India | |||
| MTCH India Services Private Limited | ₹18.81 Cr (FY 2025) | -58.0% | Gurgaon, Haryana, India | |||
| Timenet Solutions Private Limited | ₹18.81 Cr (FY 2025) | -38.0% | Vellayambalam, Kerala, India | |||
| Bulkpay India Private Limited | ₹18.81 Cr (FY 2024) | -96.0% | Mangalore, Karnataka, India | |||
| Sprint Telecom India Private Limited | ₹18.81 Cr (FY 2025) | -35.0% | Mumbai, Maharashtra, India | |||
| Degreed Apac Private Limitedthis company | ₹18.8 Cr (FY 2024) | ₹1.92 Cr | 10.2% | 64.0% | Mumbai, Maharashtra, India | |
| Morphedo Technologies Private Limited | ₹18.79 Cr (FY 2025) | 242.0% | Faridabad, Haryana, India | |||
| Inscribe Graphics Limited | ₹18.78 Cr (FY 2025) | 11.0% | Chennai, Tamil Nadu, India | |||
| Modernize Chip Solutions Private Limited | ₹18.78 Cr (FY 2024) | 21.0% | Hyderabad, Telangana, India | |||
| Infinizi Consulting Private Limited | ₹18.77 Cr (FY 2025) | 79.0% | Delhi, India | |||
| Muraai Information Technologies Private Limited | ₹18.77 Cr (FY 2025) | -17.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Degreed Apac Private Limited, buy the company report.
Auditor
Degreed Apac Private Limited is audited by MEHTA CHOKSHI AND SHAH LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MEHTA CHOKSHI AND SHAH LLP | FY 2023 | 106201W/W100598 |
Shareholding
The shareholding of Degreed Apac Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Degreed Apac Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Degreed Apac Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Degreed Apac Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Degreed Apac has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCD0244K1ZP | Maharashtra | Active | 07 Oct 2019 |
To see the full GST registrations and return filing status of Degreed Apac Private Limited, buy the company report.
Recent activity
Degreed Apac Private Limited has 11 board changes on record since 2021: 3 appointments and 8 cessations. The latest: Ashu Jindal was appointed as Additional Director on 06 Jan 2025.
2 earlier events are in the company report.
News
Frequently asked questions
Degreed Apac is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 04 January 2019 (7+ years old) and is registered under CIN U74999MH2019FTC319055.
Degreed Apac has 3 current directors:
- Rhett Jensen Weller - Director
- Sandeep Beotra - Director
- Ashu Jindal - Additional Director
The latest financial statements of Degreed Apac on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 19 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Degreed Apac is 27AAHCD0244K1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Degreed Apac is U74999MH2019FTC319055. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Degreed Apac was incorporated on 04 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Degreed Apac by revenue are Panalpina Global Business Services India Private Limited, MTCH India Services Private Limited, Timenet Solutions Private Limited, Bulkpay India Private Limited, Sprint Telecom India Private Limited and 5 more, all in the same principal business activity (other information & communication service activities).
Ashu Jindal was appointed as Additional Director on 06 Jan 2025. Sandeep Beotra ceased to be Additional Director on 27 Sep 2023. Sandeep Beotra was appointed as Director on 07 Aug 2023. Degreed Apac has 11 board changes on record in total.
Degreed Apac can be reached through the website degreed.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Degreed Apac is at Office No. 05 1st Floor Harismruti Chsl Opp. Hdfc Bank S.V.P. Road, Mumbai, Maharashtra, India – 400092.
Degreed Apac operates in the information technology industry, in the software development and support services segment.
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