About MedAce
MedAce is an Education company based in Bengaluru (India) founded in 2021. A digital platform for learning and assessment for medical students. It operates on a B2C model. The company has 366 employees. Its Indian entity Manipal Global Education Services Private Limited reported revenue of ₹97.35 Cr. Its focus areas include E-learning, Medical Education and Digital Platforms. Its competitors include Xylem Learning, Genius Teacher and ZinEdu; 2 of its 3 listed competitors have raised funding.
Company details
MedAce a digital platform for learning and assessment for medical students, focusing on involved in educational services, e-learning, medical education, and digital platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 366
- SectorsEducation
- Website manipalmedace.com
- Legal Name Manipal Global Education Services Private Limited
- Date of Incorporation 22 Oct, 2001
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹97.35 Cr
FY 2024 · -77% YoY
- Net Profit₹2,177 Cr
FY 2024 · 2236% margin
- EBITDA₹27.41 Cr
FY 2024 · 28% margin
- Employee Count366
Associated legal entities of MedAce
MedAce operates through Manipal Global Education Services Private Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Manipal Global Education Services Private Limited CIN U74140KA2001PTC029678 | Amalgamated | 22 Oct 2001 | Bangalore, Karnataka | ₹97.3 Cr | 366 | 5 | View details |
Board of directors of Manipal Global Education Services Private Limited (MedAce)
Manipal Global Education Services Private Limited is the primary company behind MedAce. The board of Manipal Global Education Services Private Limited currently have 4 directors; the longest-serving is Ranjan Ramdas Pai, appointed in 2002. 19 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ranjan Ramdas Pai DIN 00863123 | Director | 01 Oct 2002 | 24 yrs 1 mo | Manipal Global Education Services Private Limited |
| Vaitheeswaran Seetharaman DIN 01814726 | Director | 01 Jun 2018 | 8 yrs 5 mo | Manipal Global Education Services Private Limited |
| Rajesh Krishnaswamy Moorti DIN 01480683 | Director | 29 Jun 2022 | 4 yrs 4 mo | Manipal Global Education Services Private Limited |
| Ravi Panchanadan DIN 07804448 | Director | 01 Dec 2023 | 2 yrs 11 mo | Manipal Global Education Services Private Limited |
Financials of MedAce
Figures of Manipal Global Education Services Private Limited, the primary company behind MedAce, for FY 2024. Revenue was ₹97.35 Cr (-77% year on year). Net profit was ₹2,177 Cr (2236% margin). EBITDA was ₹27.41 Cr (28% margin). Revenue has grown at a compounded annual rate of -47% over three years and -36% over five years.
- ₹97.35 CrRevenue · FY 2024 · -77% YoY
- ₹2,177 CrNet profit · 2236% margin
- ₹27.41 CrEBITDA · 28% margin
- ₹50.45 CrPaid-up capital
- 366Employees (provident fund records)
- -47%Revenue CAGR, 3 years
- -36%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Manipal Global Education Services Private Limited are on its company page.
Detailed financial statements for MedAce
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Competitors of MedAce
MedAce has 3 listed competitors in our database, 2 of them funded. They include Xylem Learning, Genius Teacher and ZinEdu.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| xylemlearning.com | 2019 | Kozhikode, India | 1,067 | Personalized online tutoring for entrance exams is offered. | ||
| geniusteacher.in | 2013 | Mumbai, India | $2.48M | 19 | Exam preparation resources are delivered via a mobile platform. | |
| zinedu.com | 2018 | Noida, India | $3.43M | 380 | Offers comprehensive educational programs for undergraduate exam preparation. |
Detailed competitors of MedAce
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Top companies in Education Technology Platforms
3 companies that operate in the same segment as MedAce (Education Technology Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online educational resources and test preparation for exams are provided. | 2016 | Noida, Uttar Pradesh, India | USD 275 M | USD 415.66 M | 15,046 | |
AI-powered robots are provided as companions for children. | 2015 | Mumbai, Maharashtra, India | USD 107.78 M | |||
Integrated edtech systems are provided for K-12 schools. | 2012 | Mumbai, Maharashtra, India | USD 172.33 M | USD 45.8 M | 1,140 |
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Related news about Medace
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Frequently Asked Questions about MedAce
MedAce was founded in 2021.
MedAce is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
MedAce has 366 employees.
The primary company behind MedAce, Manipal Global Education Services Private Limited, reported revenue of ₹97.35 Cr for FY 2024, down 77% year on year.
MedAce a digital platform for learning and assessment for medical students, focusing on involved in educational services, e-learning, medical education, and digital platforms. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
MedAce's top competitors include ZinEdu, Xylem Learning and Genius Teacher.
MedAce operates through Manipal Global Education Services Private Limited.
The legal entities of MedAce currently have 5 directors, including Ravi Panchanadan, Ranjan Ramdas Pai, Naresh Kumar Patro and others.