About Race Institute
Race Institute is an Education company based in Chennai (India) founded in 2012 by Bharath Seeman, and was acquired by Veranda in December 2020. Coaching classes for government and banking exam preparation are provided. The company has 47 employees. Its website raceinstitute.in draws about 72 thousand monthly visits. Its Indian entity Chennai Race Coaching Institute Private Limited reported revenue of ₹7.2 Lakh. Its focus areas include Test Preparation Chains and Government Services. Its competitors include Drishti IAS, Career Power and NEXT IAS MADE EASY; 1 of its 3 listed competitors has raised funding.
Company details
RACE was established in 2012 in Chennai, India, as a provider of coaching services in the education sector. Classes are offered for preparation of government and banking exams, including positions like CBI Sub Inspector and tax audit officer via the Staff Selection Commission. Operations include practice programs, special sessions, curricular activities, mock interviews, and events focused on central government roles.
- Headquarters Chennai, India
- Employees 47
- Founders Bharath Seeman
- Stage Acquired
- SectorsEducation
- Website category Jobs and Career · Jobs and Employment
- Email••••••••
- Website raceinstitute.in
- Social X Facebook
- Acquired by Veranda (Dec 2020)
- Legal Name Chennai Race Coaching Institute Private Limited
- Date of Incorporation 14 Jun, 2016
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹7.2 Lakh
FY 2024 · -99% YoY
- Net Loss-₹2.27 Cr
FY 2024 · -3163% margin
- EBITDA-₹1.92 Cr
FY 2024 · -2677% margin
- Investors
- Employee Count47
- Acquired byVeranda
(Dec 2020)
Associated legal entities of Race Institute
Race Institute is associated with 2 registered companies on The Company Check; the primary company is Chennai Race Coaching Institute Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Chennai Race Coaching Institute Private Limited CIN U74999TN2016PTC110882 | Active | 14 Jun 2016 | Chennai, Tamil Nadu | ₹0.1 Cr | 47 | 2 | View details |
| Veranda Learning Solutions Limited Listed CIN L74999TN2018PLC125880 | Active | 20 Nov 2018 | Chennai, Tamil Nadu | ₹653 Cr | 80 | 10 | View details |
Investors in Race Institute
Race Institute has secured backing from 1 investor. Prominent investors backing the company include Veranda International School.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An international school focused on early and primary education. | 2017 | verandaschool.com | Chennai, India |
Investor details for Race Institute
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Board of directors of Chennai Race Coaching Institute Private Limited (Race Institute)
Chennai Race Coaching Institute Private Limited is the primary company behind Race Institute. The boards of the 2 registered companies of Race Institute currently have 10 directors; the longest-serving is Bharath Seeman, appointed in 2016. 7 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bharath Seeman DIN 07427669 | Director | 14 Jun 2016 | 10 yrs 4 mo | Chennai Race Coaching Institute Private Limited |
| Sheeba Bharath DIN 07434191 | Director | 14 Jun 2016 | 10 yrs 4 mo | Chennai Race Coaching Institute Private Limited |
| Kalpathi Subramaniam Ganesh DIN 00526451 | Director | 28 Oct 2020 | 6 yrs | Veranda Learning Solutions Limited |
| Kalpathi Subramanyam Aghoram DIN 00526585 | Director | 28 Oct 2020 | 6 yrs | Veranda Learning Solutions Limited |
| Kalpathi Subramanian Suresh DIN 00526480 | Managing Director | 28 Oct 2021 | 5 yrs | Veranda Learning Solutions Limited |
| Lakshminarayanan Seshadri DIN 01753098 | Director | 29 Oct 2021 | 5 yrs | Veranda Learning Solutions Limited |
| Kalpathi Archana DIN 05331133 | Director | 29 Oct 2021 | 5 yrs | Veranda Learning Solutions Limited |
| Pillaipakkam Bahukudumbi Srinivasan DIN 09366225 | Director | 29 Oct 2021 | 5 yrs | Veranda Learning Solutions Limited |
| Revathi Raghunathan DIN 01254043 | Director | 29 Oct 2021 | 5 yrs | Veranda Learning Solutions Limited |
| Ashok Misra DIN 00006051 | Director | 15 Oct 2024 | 2 yrs | Veranda Learning Solutions Limited |
People of Race Institute
1 people are tracked at Race Institute (1 in leadership); the tracked headcount is 47.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Race Institute
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Financials of Race Institute
Figures of Chennai Race Coaching Institute Private Limited, the primary company behind Race Institute, for FY 2024. Revenue was ₹7.2 Lakh (-99% year on year). Net loss was -₹2.27 Cr (-3163% margin). EBITDA was -₹1.92 Cr (-2677% margin). Revenue has grown at a compounded annual rate of -84% over three years and -73% over five years.
- ₹7.2 LakhRevenue · FY 2024 · -99% YoY
- -₹2.27 CrNet loss · -3163% margin
- -₹1.92 CrEBITDA · -2677% margin
- ₹1.91 CrPaid-up capital
- 47Employees (provident fund records)
- -84%Revenue CAGR, 3 years
- -73%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Chennai Race Coaching Institute Private Limited are on its company page.
Detailed financial statements for Race Institute
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Timeline of Race Institute
2 dated milestones of Race Institute across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Race Institute is founded.
- Exit Acquired by Veranda.
Competitors of Race Institute
Race Institute has 3 listed competitors in our database, 1 of them funded. They include Drishti IAS, Career Power and NEXT IAS MADE EASY.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| drishtiias.com | 1999 | Delhi, India | 645 | Offers professional training and coaching services for education. | ||
| careerpower.in | 2010 | Gurugram, India | $9.94M | 850 | Coaching for government job exams is offered nationwide in India. | |
| nextias.com | 2017 | Delhi, India | 211 | Provides coaching classes for government exam preparation. |
Detailed competitors of Race Institute
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Web traffic of Race Institute
The website of Race Institute (raceinstitute.in) receives about 71.5K visits a month and ranks #438,803 among all websites worldwide, #6,705 in Jobs and Employment.
- Monthly visits71.5K
▲ 6.1% vs previous month
- Unique visitors26K
per month
- Global rank#438,803
among all websites
- Category rank#6,705
Jobs and Career · Jobs and Employment
- Bounce rate42%
- Pages per visit3.9
- Average visit4 min 55 sec
- DevicesDesktop 48% · Mobile 52%
Websites whose visitors overlap most with Race Institute. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| oliveboard.in | 100% | 3.7M | #16,214 | View details | |
| careerpower.in | 78% | 14.8M | #4,593 | View details | |
athiyamanteam.com | athiyamanteam.com | 74% | #1,092,243 | – | |
verandarace.com | verandarace.com | 73% | #206,140 | – | |
| crackwithjack.com | 71% | 104.9K | #279,182 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Race Institute
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- 17 similar websites
- Audience overlap
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Top companies in Test Preparation Institutes
3 companies that operate in the same segment as Race Institute (Test Preparation Institutes) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Training for competitive exams like IIT-JEE and NTSE is offered. | 1992 | Delhi, Delhi, India | USD 20.32 M | USD 71.98 M | 2,097 | |
Chain of centers offering coaching for medical & engineering entrance exams | 2000 | Delhi, Delhi, India | USD 1.08 B | USD 289.68 M | 8 | |
Chain of coaching institutes and PU colleges | 1988 | Mumbai, Maharashtra, India | USD 12 M | USD 3.85 M | 790 |
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Related news about Race Institute
Complete news archive for Race Institute
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Frequently Asked Questions about Race Institute
Race Institute was founded in 2012.
Race Institute is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Race Institute has 47 employees.
The primary company behind Race Institute, Chennai Race Coaching Institute Private Limited, reported revenue of ₹7.2 Lakh for FY 2024, down 99% year on year.
RACE was established in 2012 in Chennai, India, as a provider of coaching services in the education sector. Classes are offered for preparation of government and banking exams, including positions like CBI Sub Inspector and tax audit officer via the Staff Selection Commission. Operations include practice programs, special sessions, curricular activities, mock interviews, and events focused on central government roles.
Race Institute's top competitors include Drishti IAS, NEXT IAS MADE EASY and Career Power.
Race Institute has 1 investor. Key investors include Veranda International School.
Race Institute is associated with 2 legal entities: Chennai Race Coaching Institute Private Limited, Veranda Learning Solutions Limited.
Yes. Race Institute was acquired by Veranda in December 2020.
The legal entities of Race Institute currently have 12 directors, including Lakshminarayanan Seshadri, Kalpathi Archana, Pillaipakkam Bahukudumbi Srinivasan and others.