MAAC India

Mumbai, India Founded: 2001 • Age: 25 yrs Listed
An animation institute delivering professional training in animation and related fields.
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About MAAC India

MAAC India is a publicly listed company based in Mumbai (India) founded in 2001. An animation institute delivering professional training in animation and related fields. It operates on a B2C model. The company has 23,790 employees. Its website maacindia.com draws about 49 thousand monthly visits. Its Indian entity Hexaware Technologies Limited reported revenue of ₹3,635 Cr. Its focus areas include Education and Training, Arts and Design, Animation Education and Training Institute. Its competitors include Seed Infotech, Koenig Solutions and Itvedant Education; 1 of its 3 listed competitors has raised funding.

Company details

MAAC India an animation institute delivering professional training in animation and related fields, focusing on education and training, arts and design, animation education, and training institute. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.

  • Headquarters Mumbai, India
  • Employees 23,790
  • Stage Public
  • Sectors
    Education
  • Website maacindia.com
  • Social X Facebook
  • Legal Name Aptech Ltd
  • Date of Incorporation 20 Nov, 1992
  • Jurisdiction Thane, Maharashtra, India
Operational Areas
Education → Continuing Education Institutes
Key Metrics
  • Market Cap
    ₹36,139 Cr

    HEXT · NSE

  • Share Price
    ₹590.80

    -0.11% today

  • Revenue
    ₹13,430 Cr

    Dec 2025 · +12.2% YoY

  • EBITDA
    ₹1,806 Cr

    Margin 13.4%

  • Net Profit
    ₹1,451 Cr

    Dec 2025 · +24.4% YoY

  • P/E (TTM)
    26.1x

    P/B 5.5x

  • ROE
    23.4%

    ROCE 26.6%

  • Debt / Equity
    0.11

    Interest cover 7.3x

  • Employee Count
    23,790

Board of directors of Hexaware Technologies Limited (MAAC India)

Hexaware Technologies Limited is the primary company behind MAAC India. The board of Hexaware Technologies Limited currently have 9 directors; the longest-serving is Srikrishna Ramakarthikeyan, appointed in 2014. 48 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Srikrishna Ramakarthikeyan
DIN 03160121
Whole-time director17 Oct 201412 yrsHexaware Technologies Limited
Neeraj Bharadwaj
DIN 01314963
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Julius Michael Genachowski
DIN 09365873
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Kapil Modi
DIN 07055408
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Lucia De Fatima Soares
DIN 09374169
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Sandra Joy Horbach
DIN 09383306
Director10 Nov 20214 yrs 11 moHexaware Technologies Limited
Joseph Mclaren Quinlan
DIN 09477487
Director07 Feb 20224 yrs 8 moHexaware Technologies Limited
Sukanya Kripalu
DIN 06994202
Director13 Aug 20242 yrs 2 moHexaware Technologies Limited
Alok Chandra Misra
DIN 01542028
Director23 Feb 20267 moHexaware Technologies Limited

IPO & Listings of MAAC India

MAAC India is a publicly listed company on the NSE with ticker symbol HEXT in India, operating in the IT - Software sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: HEXT
  • Listed entityHexaware Technologies Limited
  • Exchange sectorIT - Software

Financials of MAAC India

Exchange-reported figures of Hexaware Technologies Limited, the listed company behind MAAC India (NSE: HEXT).

Financial Highlights

Dec 2025 · Consolidated
Revenue
₹13,430 Cr
+12.2% YoY
EBITDA
₹1,806 Cr
-1.6% YoY
Profit After Tax
₹1,451 Cr
+24.4% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue13,43011,97410,3809,2007,1786,2625,583
Revenue growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
EBITDA1,8061,8351,5721,2261,1361,050864
EBITDA margin+13.4%+15.3%+15.1%+13.3%+15.8%+16.8%+15.5%
Profit before tax1,7271,5601,2681,123941800779
Net profit1,4511,166991882746621655
Net profit margin+10.8%+9.7%+9.5%+9.6%+10.4%+9.9%+11.7%
EPS (₹)22.4819.3516.4314.6424.8320.6921.49
Balance sheet
Cash flow
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,8453,6133,4783,4843,2613,2083,1543,136
Revenue growth (YoY)+17.9%+12.6%+10.3%+11.1%+11.1%---
Other income(50.10)21.7021410.301604.4023.6011.20
EBITDA605571267601404528490491
EBITDA margin+15.7%+15.8%+7.7%+17.3%+12.4%+16.5%+15.5%+15.7%
Depreciation81.7090.7012488.9075.2073.5076.3073.80
Interest32.8029.0031.2026.0020.9022.4020.7022.60
Profit before tax441473326497468436417406
Tax11012133.9012788.6010996.30106
Net profit330352292370380327321300
EPS (₹)5.385.714.725.996.155.295.234.96
MetricsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Income statement
Revenue7,3896,2894,9854,1013,2172,4282,141
Revenue growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
EBITDA1,2421,1781,039844802683635
EBITDA margin+16.8%+18.7%+20.9%+20.6%+24.9%+28.1%+29.7%
Profit before tax1,0401,036913859726631609
Net profit852784720687584538508
Net profit margin+11.5%+12.5%+14.4%+16.8%+18.2%+22.2%+23.7%
EPS (₹)12.8012.8923.9522.8419.4817.9217.01
Balance sheet
Cash flow
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,0911,9721,8601,9471,8181,7641,6871,661
Revenue growth (YoY)+15.1%+11.8%+10.3%+17.3%+15.5%---
Other income(56.10)(9.80)(6.80)8.4013.002.207.7011.80
Total expenses1,7141,6241,6361,5521,5601,4021,3731,357
EBITDA378348224395258362314304
EBITDA margin+18.1%+17.7%+12.0%+20.3%+14.2%+20.5%+18.6%+18.3%
Depreciation39.5041.4039.5037.1035.6035.0037.4036.00
Interest17.3013.5017.9015.7015.5018.4016.8019.90
Profit before tax265284159351219311267260
Tax64.8069.9059.0080.3050.0071.5070.4063.30

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue3,8453,6133,4783,4843,2613,2083,1543,136
Revenue growth (YoY)+17.9%+12.6%+10.3%+11.1%+11.1%---
Other income(50.10)21.7021410.301604.4023.6011.20
EBITDA605571267601404528490491
EBITDA margin+15.7%+15.8%+7.7%+17.3%+12.4%+16.5%+15.5%+15.7%
Depreciation81.7090.7012488.9075.2073.5076.3073.80
Interest32.8029.0031.2026.0020.9022.4020.7022.60
Profit before tax441473326497468436417406
Tax11012133.9012788.6010996.30106
Net profit330352292370380327321300
EPS (₹)5.385.714.725.996.155.295.234.96
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue13,43011,97410,3809,2007,1786,2625,583
Revenue growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
Other income38874.9022.4017966.8534.6128.62
Total expenses11,62510,1398,8097,9746,0425,2124,718
Employee cost7,7946,9656,1285,5584,2683,6953,028
EBITDA1,8061,8351,5721,2261,1361,050864
EBITDA margin+13.4%+15.3%+15.1%+13.3%+15.8%+16.8%+15.5%
Depreciation361279284244224232103
Interest10670.9041.9037.5037.3752.0910.32
Profit before tax1,7271,5601,2681,123941800779
Tax358386271239192179138
Net profit1,4511,166991882746621655
Net profit margin+10.8%+9.7%+9.5%+9.6%+10.4%+9.9%+11.7%
EPS (₹)22.4819.3516.4314.6424.8320.6921.49
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+12.2%+15.4%+12.8%+28.2%+14.6%+12.2%-
EBITDA growth-1.6%+16.8%+28.2%+7.9%+8.2%+21.5%-
PBT growth+10.7%+23.0%+13.0%+19.3%+17.7%+2.6%+7.3%
Net income growth+24.4%+17.7%+12.4%+18.2%+20.1%-5.2%-
Revenue CAGR (3Y)+13.4%+18.6%+18.4%+18.1%+15.6%+16.7%+16.5%
EBITDA CAGR (3Y)+13.8%+17.3%+14.4%+12.4%+15.6%+16.9%+14.4%
Profitability & leverage
Net income margin+10.2%+9.8%+9.6%+9.6%+10.4%+9.9%+11.5%
Return on capital employed+26.7%+28.7%+26.7%+25.9%+23.8%+24.6%+29.3%
Return on net worth+23.4%+23.5%+22.8%+22.4%+21.3%+20.7%+24.9%
Debt / equity0.110.100.100.060.040.060.03
Long-term debt / equity0.090.080.070.040.020.050.03
Interest cover7.334.563.253.824.106.371.36
Efficiency & per share
Fixed asset turnover2.192.602.712.602.192.153.10
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover6.666.275.576.347.836.986.26
EPS (₹)22.4819.3516.4314.6424.8320.6921.49
Dividend per share (₹)11.508.758.7511.008.003.508.50
Book value per share (₹)103.7088.1176.3668.26123.82106.9692.68
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,0911,9721,8601,9471,8181,7641,6871,661
Revenue growth (YoY)+15.1%+11.8%+10.3%+17.3%+15.5%---
Other income(56.10)(9.80)(6.80)8.4013.002.207.7011.80
Total expenses1,7141,6241,6361,5521,5601,4021,3731,357
EBITDA378348224395258362314304
EBITDA margin+18.1%+17.7%+12.0%+20.3%+14.2%+20.5%+18.6%+18.3%
Depreciation39.5041.4039.5037.1035.6035.0037.4036.00
Interest17.3013.5017.9015.7015.5018.4016.8019.90
Profit before tax265284159351219311267260
Tax64.8069.9059.0080.3050.0071.5070.4063.30
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Revenue7,3896,2894,9854,1013,2172,4282,141
Revenue growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
Other income16.9049.1034.3016867.9090.9736.52
Total expenses6,1475,1113,9463,2582,4151,7451,506
Employee cost3,2922,9712,5432,2691,6891,3741,144
EBITDA1,2421,1781,039844802683635
EBITDA margin+16.8%+18.7%+20.9%+20.6%+24.9%+28.1%+29.7%
Depreciation14713713512512011360.99
Interest70.8054.0026.2027.5023.2029.251.27
Profit before tax1,0401,036913859726631609
Tax26125218616913993.06102
Net profit852784720687584538508
Net profit margin+11.5%+12.5%+14.4%+16.8%+18.2%+22.2%+23.7%
EPS (₹)12.8012.8923.9522.8419.4817.9217.01
ParticularsDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Growth
Sales growth+17.5%+26.2%+21.5%+27.5%+32.5%+13.4%-
EBITDA growth+5.4%+13.3%+23.2%+5.2%+17.5%+7.5%-
PBT growth+0.4%+13.5%+6.3%+18.3%+15.0%+3.6%+10.4%
Net income growth+8.8%+8.8%+4.8%+17.6%+8.7%+5.9%-
Revenue CAGR (3Y)+21.7%+25.0%+27.1%+24.2%+21.5%+16.8%+15.4%
EBITDA CAGR (3Y)+13.8%+13.7%+15.1%+9.9%+13.5%+11.7%+11.6%
Profitability & leverage
Net income margin+10.6%+12.5%+14.6%+16.8%+18.3%+22.2%+23.7%
Return on capital employed+28.6%+30.9%+30.4%+29.6%+26.6%+28.5%+32.3%
Return on net worth+24.3%+26.0%+26.2%+25.8%+23.6%+25.3%+27.5%
Debt / equity0.130.110.040.040.050.000.00
Long-term debt / equity0.110.090.040.040.040.000.00
Interest cover6.475.192.903.833.405.140.22
Efficiency & per share
Fixed asset turnover3.803.663.122.692.231.982.38
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover5.615.134.283.863.623.233.60
EPS (₹)12.8012.8923.9522.8419.4817.9217.01
Dividend per share (₹)11.508.7517.5022.008.003.508.50
Book value per share (₹)53.5151.8494.6188.4488.7376.8565.40

Competitors of MAAC India

MAAC India has 3 listed competitors in our database, 1 of them funded. They include Seed Infotech, Koenig Solutions and Itvedant Education.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Seed Infotech
seedinfotech.com1994Pune, India$6.43M66
IT training and placement assistance are provided to students.
Koenig Solutions
koenig-solutions.com1993Gurugram, India526
Delivers comprehensive IT courses to support professional growth.
Itvedant Education
itvedant.com2012Bengaluru, India223
Provides an institute offering coding courses and programs.
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Detailed competitors of MAAC India

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Web traffic of MAAC India

The website of MAAC India (maacindia.com) receives about 48.7K visits a month.

  • Monthly visits
    48.7K

    ▼ 11.4% vs previous month

Similar websites

Websites whose visitors overlap most with MAAC India. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
Universal AI University
universalai.in
95%
24.5K#969,599View details
GIET University
giet.edu
89%
11.2K#1,816,867View details
KIIT
kiit.ac.in
78%
420.1K#135,544View details
Pearl Academy
pearlacademy.com
77%
225.5K#199,612View details
Mdu
mdu.ac.in
73%
477.6K#52,794View details
••••••••••••••••.com••%•.•M#•••••–
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Top companies in Continuing Education Institutes

2 companies that operate in the same segment as MAAC India (Continuing Education Institutes) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
NIIT
Offers training and development solutions to individuals, enterprises, and institutions
1981Gurugram, Haryana, IndiaUSD 41.57 M
iSTAR Skill Development
Center of education providing skill development programs
2009Bengaluru, Karnataka, IndiaUSD 990.88 K68
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Frequently Asked Questions about MAAC India

MAAC India was founded in 2001.

MAAC India is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

MAAC India has 23,790 employees.

The primary company behind MAAC India, Hexaware Technologies Limited, reported revenue of ₹3,635 Cr for FY 2026, down 74% year on year.

MAAC India an animation institute delivering professional training in animation and related fields, focusing on education and training, arts and design, animation education, and training institute. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.

MAAC India's top competitors include Koenig Solutions, Itvedant Education and Seed Infotech.

Yes, MAAC India is publicly traded on NSE under the ticker symbol HEXT.

MAAC India operates through Hexaware Technologies Limited.

The legal entities of MAAC India currently have 11 directors, including Neeraj Bharadwaj, Julius Michael Genachowski, Kapil Modi and others.

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