DPIIT recognised startup Government of India
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Letsupgrade Edtech Private Limited - education in Vashi, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹42.74 Lakh
▼ 57% YoY
Net loss · FY 2024
₹1.47 Cr
Net margin -344.4%
EBITDA · FY 2024
-₹86.69 Lakh
EBITDA margin -202.8%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Letsupgrade Edtech Private Limited
Data last updated:
Letsupgrade Edtech Private Limited is a private limited company based in Vashi, Maharashtra, India, recognised as a startup by DPIIT. It operates in the corporate training and development segment of the education sector. It was incorporated on 21 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80902MH2020PTC346372. Its GSTIN is 27AAECL3507C1ZX (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Saikiran K Sondarkar and Nitin Venkata Putcha.
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 10th Floor Office No 1001 Plot No 17&18 Platinum Technopark Sector 30A Vashi, Maharashtra, India – 400703.
As per the financials filed for FY 2024, the company reported a revenue of ₹42.74 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net loss of ₹1.47 Cr (net margin -344.4%) and EBITDA of -₹86.69 Lakh (EBITDA margin -202.8%). Revenue has grown at a compounded annual rate (CAGR) of 253% over three years.
The company is associated with 2 brands: LetsUpgrade and LisA.
For more details, the company can be reached via its website letsupgrade.in.
Company details
CIN U80902MH2020PTC346372
Registration Number 346372
Incorporation Date 21 September 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Letsupgrade Edtech
Contact details
Letsupgrade Edtech Private Limited's registered office is in Vashi, Maharashtra. Its website is letsupgrade.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address10th Floor Office No 1001 Plot No 17&18 Platinum Technopark Sector 30A Vashi, Maharashtra, India – 400703
- IndustryEducation, Corporate Training & Development
To see the full contact details of Letsupgrade Edtech Private Limited, buy the company report.
Comprehensive company report
Letsupgrade Edtech 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
Letsupgrade Edtech operates two associated brands: LetsUpgrade and LisA. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers online tech courses, certifications, and community for professional upskilling. | letsupgrade.in | |
| An AI-driven learning system designed for modern educational institutions. | lisaapp.in |
Financials of Letsupgrade Edtech Private Limited
FY 2025 filings availableLetsupgrade Edtech Private Limited reported revenue of ₹42.74 Lakh (down 57% YoY) for FY 2024.
Revenue · FY 2024
₹42.74 Lakh ▼ 57%
Net loss · FY 2024
₹1.47 Cr margin -344.4%
EBITDA · FY 2024
-₹86.69 Lakh margin -202.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 57%
3 years · compounded
▲ 253%
EBITDA CAGR growth
1 year
▼ 221%
3 years · compounded
▼ 50%
Revenue fell 57% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 253%. EBITDA fell 221% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹86.69 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.47 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -202.8% | |||
| Net Profit Margin | -344.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Letsupgrade Edtech Private Limited, buy the company report.
Board of directors of Letsupgrade Edtech Private Limited
Letsupgrade Edtech has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saikiran K Sondarkar Also directs: Itm Alumni Association | Director | 21 Sep 2020 | 6 Years 1 Months | Current |
| Nitin Venkata Putcha Also directs: L R Educational Services LLP, Red Eye Media Private Limited, Zinq Electronics Private Limited and 5 more | Director | 22 Jan 2021 | 5 Years 9 Months | Current |
Peer comparison
Letsupgrade Edtech Private Limited is compared with the 3 companies closest to it by revenue in the Education industry (Corporate and Commercial Training), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Edudarpan Solutions Private Limited | ₹42.82 Lakh (FY 2025) | 0.0% | Bangalore, Karnataka, India | |||
| Masterprep Education Limited | ₹42.8 Lakh (FY 2025) | -66.0% | Chandigarh, India | |||
| Letsupgrade Edtech Private Limitedthis company | ₹42.74 Lakh (FY 2024) | -₹1.47 Cr | -344.4% | -57.0% | Vashi, Maharashtra, India | |
| Stellar-9 Edu Tech Private Limited | ₹42.7 Lakh (FY 2022) | Thane, Maharashtra, India |
To see the full peer comparison of Letsupgrade Edtech Private Limited, buy the company report.
Auditor
Letsupgrade Edtech Private Limited is audited by T Ramarao & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T Ramarao & Co LLP | FY 2023 | 108519W |
Shareholding
The shareholding of Letsupgrade Edtech Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Letsupgrade Edtech Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Letsupgrade Edtech 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 Letsupgrade Edtech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Letsupgrade Edtech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECL3507C1ZX | Maharashtra | Active | 24 Apr 2021 |
To see the full GST registrations and return filing status of Letsupgrade Edtech Private Limited, buy the company report.
Recent activity
Letsupgrade Edtech Private Limited has 4 board changes on record since 2020: 3 appointments and 1 cessation. The latest: Sathya Kishor Sondarkar ceased to be Director on 29 Jan 2021.
AGM
Letsupgrade Edtech Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Letsupgrade Edtech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sathya Kishor Sondarkar ceased to be Director.
Appointed
Nitin Venkata Putcha was appointed as Director.
Appointed
Saikiran K Sondarkar was appointed as Director.
Appointed
Sathya Kishor Sondarkar was appointed as Director.
Incorporation
21 Sep 2020
Letsupgrade Edtech Private Limited was registered on 21 Sep 2020 with Roc Mumbai & aged 6 years 1 month as per MCA records.
Frequently asked questions
Letsupgrade Edtech is an active private limited company based in Vashi, Maharashtra, India. The company works in corporate training and development, within the education industry. It was incorporated on 21 September 2020 (6+ years old) and is registered under CIN U80902MH2020PTC346372.
Letsupgrade Edtech has 2 current directors:
- Saikiran K Sondarkar - Director
- Nitin Venkata Putcha - Director
The latest financial statements of Letsupgrade Edtech 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 2021 are in the company report.
The GSTIN of Letsupgrade Edtech is 27AAECL3507C1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Letsupgrade Edtech is U80902MH2020PTC346372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Letsupgrade Edtech was incorporated on 21 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Letsupgrade Edtech by revenue are Edudarpan Solutions Private Limited, Masterprep Education Limited, Stellar-9 Edu Tech Private Limited, all in the Education industry (Corporate and Commercial Training), with the same principal business activity (educational support services).
Sathya Kishor Sondarkar ceased to be Director on 29 Jan 2021. Nitin Venkata Putcha was appointed as Director on 22 Jan 2021. Saikiran K Sondarkar was appointed as Director on 21 Sep 2020. Letsupgrade Edtech has 4 board changes on record in total.
Yes, Letsupgrade Edtech is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Letsupgrade Edtech can be reached through the website letsupgrade.in. Its registered office is in Vashi, Maharashtra, India.
The registered office of Letsupgrade Edtech is at 10th Floor Office No 1001 Plot No 17&18 Platinum Technopark Sector 30A Vashi, Maharashtra, India – 400703.
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