
About Aspam Academy Noida
Data last updated:
Aspam Academy Noida is a private not for profit company based in Delhi, India, a subsidiary of Aspam Eduinfra Private Limited. It operates in the k-12 and higher education institutions segment of the education sector. It was incorporated on 17 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80211DL2000NPL106840. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹8.5 Cr and a paid-up capital of ₹8.17 Cr. It was formerly known as M.A.F. Academy Private Limited and M.A.F. Academy Private Limited. It is led by directors Ayush Goel and Anita Goyal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.01 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹3.45 Cr (net margin -20.3%) and EBITDA of ₹6.98 Cr (EBITDA margin 41%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 16% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Aspamscottish. As per MCA filings, the company has open charges of ₹130 Cr and satisfied charges of ₹74.81 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mafacademy.com.
Company details
Name history
Aspam Academy Noida has undergone 2 name changes throughout its history. The company was previously known as M.A.F. Academy Private Limited, and M.A.F. Academy Private Limited.. The current legal name is Aspam Academy Noida.
| Company Name | Status |
|---|---|
| Aspam Academy Noida | Current |
| M.A.F. Academy Private Limited | Previous |
| M.A.F. Academy Private Limited. | Previous |
CIN history
Aspam Academy Noida has one previous CIN (Corporate Identification Number): U80211DL2000PTC106840. The current CIN is U80211DL2000NPL106840, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80211DL2000NPL106840 | Current |
| U80211DL2000PTC106840 | Previous |
Contact details
Aspam Academy Noida's registered office is in Delhi, Delhi. Its website is mafacademy.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085
- IndustryEducation, K-12 & Higher Education Institutions
To see the full contact details of Aspam Academy Noida, 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
Aspam Academy Noida operates one associated brand: Aspamscottish. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides CBSE curriculum, extracurriculars, and holistic development in Noida. | aspamscottish.com |
Business activity
The main business activity of Aspam Academy Noida 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 Aspam Academy Noida, buy the company report.
Financials of Aspam Academy Noida
FY 2024 filings availableAspam Academy Noida reported revenue of ₹17.01 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 14% growth in the latest year. EBITDA rose 44% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.45 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41% | ||||
| Net Profit Margin | -20.3% | ||||
| 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 Aspam Academy Noida, buy the company report.
Board of directors of Aspam Academy Noida
Aspam Academy Noida has 2 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ayush Goel Also directs: Food Junction LLP, New Horizons Asphalt Private Limited, Incubit Pipavav Terminal Private Limited and 5 more | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
| Anita Goyal Also directs: Food Junction LLP, New Horizons Asphalt Private Limited, Incubit Pipavav Terminal Private Limited and 3 more | Director | 01 Apr 2025 | 1 Years 7 Months | Current |
Auditor
Aspam Academy Noida is audited by PNG & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PNG & Co. | FY 2023 | 021910N |
Shareholding
The shareholding of Aspam Academy Noida 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 Aspam Academy Noida, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Sep 2023 | 100788837 | Others | ₹130 Cr | Open | |
| 20 May 2016 | 100029612 | State Bank of India | ₹74.81 Cr | Satisfied |
To see the full charge records of Aspam Academy Noida, buy the company report.
Total charge records: 2 View all charges
Legal cases
Aspam Academy Noida has 1 court case on record: 1 filed by Aspam Academy Noida. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against SS Steel Designer Products Pvt Ltd and Ors | Disposed |
To see the full case history of Aspam Academy Noida, 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.
Credit ratings & regulatory alerts
Aspam Academy Noida was last rated by Crisil on 14 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 14 Jul 2021 |
To see the full credit ratings and regulatory alerts of Aspam Academy Noida, buy the company report.
MSME payment delays
Aspam Academy Noida has 14 MSME Form 1 returns on record between 2019 and 2024, listing 344 overdue payments to 35 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 35)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V. R. Thinkovative Private Limited | |||
| Genius Corner Educom Private Limited | |||
| an individual supplier | |||
| Blue Circle Medi Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Aspam Academy Noida, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aspam Academy Noida has a workforce of 48 employees on its EPFO records as of Mar 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 48 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Aspam Academy Noida, buy the company report.
GST
Aspam Academy Noida has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Aspam Academy Noida, buy the company report.
Recent activity
Aspam Academy Noida has 18 board changes on record since 2008: 2 appointments and 16 cessations. The latest: Anita Goyal was appointed as Director on 01 Apr 2025.
13 earlier events are in the company report.
Frequently asked questions
Aspam Academy Noida is an active private not for profit company based in Delhi, India. The company works in k-12 and higher education institutions, within the education industry. It was incorporated on 17 July 2000 (26+ years old) and is registered under CIN U80211DL2000NPL106840.
Aspam Academy Noida has 2 current directors:
- Ayush Goel - Director
- Anita Goyal - Director
The latest financial statements of Aspam Academy Noida on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Aspam Academy Noida has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Aspam Academy Noida is U80211DL2000NPL106840. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspam Academy Noida has 1 court case on record: 1 filed by the company.
Aspam Academy Noida was incorporated on 17 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
Anita Goyal was appointed as Director on 01 Apr 2025. Ayush Goel was appointed as Director on 01 Apr 2025. Deepa Goyel ceased to be Additional Director on 29 Sep 2024. Aspam Academy Noida has 18 board changes on record in total.
Aspam Academy Noida has 14 MSME Form 1 returns on record between 2019 and 2024, listing 344 overdue payments to 35 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Aspam Academy Noida can be reached through the website mafacademy.com. Its registered office is in Delhi, India.
The registered office of Aspam Academy Noida is at Unit 710 7th Floor Ring Road Mall Plot No. 21 Manglam Place Sector 3 Roh, Ini, Delhi, India – 110085.

