Startup India Government of India
Grayquest Education Finance Private Limited - education in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹24.56 Cr
▲ 37% YoY
Net loss · FY 2025
₹35.12 Cr
Net margin -143%
EBITDA · FY 2025
-₹34.73 Cr
EBITDA margin -141.4%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹7.54 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Employees · EPFO
261
Provident fund records
Directors on board
3
As per MCA filings
About Grayquest Education Finance Private Limited
Data last updated:
Grayquest Education Finance Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the edtech solutions segment of the education sector. It was incorporated on 27 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U66190MH2017PTC293038. Its GSTIN is 27AAGCG7663J1Z4 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.54 Lakh. It is led by directors including Rahul Sumermal Mehta and Rishab Sumer Mehta.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.56 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹35.12 Cr (net margin -143%) and EBITDA of -₹34.73 Cr (EBITDA margin -141.4%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 117% over five years.
The company has about 261 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GrayQuest. Court records list 4 cases involving the company, including 4 filed by the company; 4 cases are pending. The company has 11 deals on record (6 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹168.81 Cr; the latest was in June 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website grayquest.com.
Company details
CIN U66190MH2017PTC293038
Registration Number 293038
Incorporation Date 27 March 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
CIN history
Grayquest Education Finance has one previous CIN (Corporate Identification Number): U65999MH2017PTC293038. The current CIN is U66190MH2017PTC293038, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190MH2017PTC293038 | Current |
| U65999MH2017PTC293038 | Previous |
Key People
Aakash Rakesh Sachdev Nominee Director Rahul Sumermal Mehta Director Rishab Sumer Mehta Director Recognitions & Rankings of Grayquest Education Finance
Contact details
Grayquest Education Finance Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Apps
- Registered AddressFamous Cine Building, 20 Sr. E. Moses Road Mahalaxmi, Mumbai, Maharashtra, India – 400011
- IndustryEducation, EdTech Solutions
Comprehensive company report
Grayquest Education Finance Private Limited - one report that includes everything
- 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
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Brands
Grayquest Education Finance operates one associated brand: GrayQuest. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| SaaS-based fee collection platform for educational institutions is offered. | grayquest.com |
Business activity
The main business activity of Grayquest Education Finance is education. In detail, this covers primary & secondary education services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P1 | Primary & Secondary Education services |
To see the full business activity and turnover split of Grayquest Education Finance Private Limited, buy the company report.
Financials of Grayquest Education Finance Private Limited
FY 2025 filings availableGrayquest Education Finance Private Limited reported revenue of ₹24.56 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹24.56 Cr ▲ 37%
Net loss · FY 2025
₹35.12 Cr margin -143%
EBITDA · FY 2025
-₹34.73 Cr margin -141.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 80%
5 years · compounded
▲ 117%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▼ 48%
5 years · compounded
▼ 84%
Revenue has grown at a compounded annual rate (CAGR) of 117% over five years, including 37% growth in the latest year. EBITDA rose 5% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹34.73 Cr | ||||
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| Net Profit (PAT) | -₹35.12 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -141.4% | ||||
| Net Profit Margin | -143% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Grayquest Education Finance Private Limited, buy the company report.
Board of directors of Grayquest Education Finance Private Limited
Grayquest Education Finance has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aakash Rakesh Sachdev | Nominee Director | 23 Jul 2020 | 6 Years 3 Months | Current |
| Rahul Sumermal Mehta | Director | 28 Mar 2018 | 8 Years 7 Months | Current |
| Rishab Sumer Mehta Also directs: Qualigrity Education Finance Private Limited | Director | 27 Mar 2017 | 9 Years 7 Months | Current |
Deals & funding
Grayquest Education Finance Private Limited has 11 deals on record (6 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹168.81 Cr; the latest was in June 2024.
Total deals
11
Funding rounds
6
Secondary share transfers
4
Rights issue
1
Disclosed funding
₹168.81 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2024 | Funding round · Series B | ₹90.53 Cr | Investors: IIFL Fintech Fund, Claypond Capital, Pravega Ventures |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Eternal Capital Advisory LLP Seller: Crest Opportunities Private Limited |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2022 | Funding round · Series A | ₹59.83 Cr | Investors: Pravega Ventures, MEMG Family Office, Telama Investments |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
To see the full deal history of Grayquest Education Finance Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Grayquest Education Finance Private Limited has 4 court cases on record: 4 filed by Grayquest Education Finance. All cases are pending.
Total cases
4
Filed by the company
4
Pending
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 0 | 4 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against Devamurth Charitable Trust and 4 Ors. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
To see the full case history of Grayquest Education Finance Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Grayquest Education Finance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grayquest Education Finance has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG7663J1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grayquest Education Finance Private Limited, buy the company report.
Recent activity
Grayquest Education Finance Private Limited has 6 board changes on record since 2017: 3 appointments and 3 cessations. The latest: Aakash Rakesh Sachdev was appointed as Nominee Director on 23 Jul 2020.
AGM
Grayquest Education Finance Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Grayquest Education Finance Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Aakash Rakesh Sachdev was appointed as Nominee Director.
Ceased
Satish Kumar Gupta ceased to be Additional Director.
Ceased
Rahul Sumermal Mehta ceased to be Additional Director.
Appointed
Rahul Sumermal Mehta was appointed as Director.
Ceased
Jeenendra Mohanlal Bhandari ceased to be Director.
Appointed
Rishab Sumer Mehta was appointed as Director.
Incorporation
27 Mar 2017
Grayquest Education Finance Private Limited was registered on 27 Mar 2017 with Roc Mumbai & aged 9 years 7 months as per MCA records.
News
Frequently asked questions
Grayquest Education Finance is an active private limited company based in Mumbai, Maharashtra, India. The company works in edtech solutions, within the education industry. It was incorporated on 27 March 2017 (9+ years old) and is registered under CIN U66190MH2017PTC293038.
Grayquest Education Finance has 3 current directors:
- Aakash Rakesh Sachdev - Nominee Director
- Rahul Sumermal Mehta - Director
- Rishab Sumer Mehta - Director
The latest financial statements of Grayquest Education Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Grayquest Education Finance is 27AAGCG7663J1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Grayquest Education Finance is U66190MH2017PTC293038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grayquest Education Finance has 4 court cases on record: 4 filed by the company. 4 are pending.
Grayquest Education Finance was incorporated on 27 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Grayquest Education Finance has 11 deals on record (6 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹168.81 Cr; the latest was in June 2024.
Aakash Rakesh Sachdev was appointed as Nominee Director on 23 Jul 2020. Satish Kumar Gupta ceased to be Additional Director on 27 Mar 2019. Rahul Sumermal Mehta ceased to be Additional Director on 30 Sep 2018. Grayquest Education Finance has 6 board changes on record in total.
Yes, Grayquest Education Finance is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
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