About Utter
Utter is a publicly listed company based in Pune (India) founded in 2015 by Ninad Vengurlekar, Amit Arwind Bhadbhade, and Ninad Jayawant Vengurlekar. AI-powered chatbots for vernacular English learning applications are provided. It operates in the Technology, Media & Entertainment, and Education sectors. Utter has raised $2.25 million across 5 funding rounds from investors including CLSA Capital Partners, QPM and Stratfinity Ventures. Utter was last valued at $5.51 million in June 2019. Its chief executive, as recorded, is Ninad Vengurlekar. Its Indian entity Encompass Design India Limited reported revenue of ₹68.38 Cr. Its focus areas include Enterprise Applications, HRTech, LMS and Language Learning. Its competitors include OckyPocky and Lingopanda; 2 of its 2 listed competitors have raised funding.
Company details
Utter was founded in 2015 in Pune, India, focusing on the edtech sector. AI-driven chatbots are offered for vernacular-based English language learning through a mobile application available on Android devices. Multilingual chatbots are also provided for employee training in sectors including hospitality, retail, and facility management. Key features encompass audio and video content, real-time engagement, certification processes, and feedback mechanisms. Operations emphasize practical language skills development for diverse workforces.
- Headquarters Pune, India
- Founders Ninad Vengurlekar, Amit Arwind Bhadbhade, Ninad Jayawant Vengurlekar
- Stage Public
- SectorsTechnologyMedia & Entertainment Education
- Email••••••••
- Website utter.in
- Social LinkedIn X Facebook
- Legal Name Encompass Design India Limited
- Date of Incorporation 09 Mar, 2010
- Jurisdiction Mumbai, Maharashtra, India
- Market Cap₹324 Cr
ENCOMPAS-SM · NSE
- Share Price₹238.80
+4.39% today
- Revenue₹68.12 Cr
FY 2025-26 · +24.7% YoY
- EBITDA₹20.76 Cr
Margin 30.5%
- Net Profit₹13.04 Cr
FY 2025-26 · +20.9% YoY
- Total Equity Funding$2.25M (USD)
in 5 rounds
- Latest Funding Round$607.85K (USD), Seed
Jun 2019
- InvestorsCLSA Capital Partners
& 33 more
Associated legal entities of Utter
Utter is associated with 3 registered companies on The Company Check; the primary company is Encompass Design India Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Encompass Design India Limited Listed CIN L74210MH2010PLC200672 | Active | 09 Mar 2010 | Mumbai, Maharashtra | ₹68.4 Cr | 27 | 8 | View details |
| Encompass Design India Private Limited CIN U74210MH2010PLC200672 | Active | 09 Mar 2010 | Mumbai, Maharashtra, India | View details | |||
| Edmobile Labs Private Limited CIN U74900PN2014PTC153006 | Active | 05 Nov 2014 | Pune, Maharashtra | ₹0.2 Cr | 2 | View details |
Funding Insights of Utter
Utter has successfully raised a total of $2.25M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $607.85 thousand completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $2.25M
- Total Rounds 5
- Last Round Seed — $607,852
- First Round $207,880
(Apr 2015)
- Investors Count 34
All 5 funding rounds of Utter with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $607,852 | Seed | $5.51M | Capria, Unitus Ventures | |
| Apr 2018 | $821,914 | Seed | – | Capria, Rajesh Krishnan | |
| Jan 2017 | $512,733 | Seed | $2.16M | Capria | – |
| Jun 2016 | $103,553 | Angel Round | $••••• | J V Arun Kumar, Siddharth Pai | |
| Apr 2015 | $207,880 | Seed | $••••• | Rajesh Krishnan |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $5.51M | •••••••• |
| Jan 2017 | $2.16M | •••••••• |
| Jun 2016 | $••••• | •••••••• |
| Apr 2015 | $••••• | •••••••• |
Full valuation and stage history of Utter
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
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Verified entity values are shown only after access is granted.
Last known valuation $5.51M (Jun 2019). 34 investors in total: 6 institutional and 28 angel.
Investors in Utter
Utter has secured backing from 34 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include CLSA Capital Partners, QPM and Stratfinity Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in applied generative AI | capria.vc | Seattle, United States | ||
Supporting startups with India scale and global potential through venture advisory and partnerships. | unitus.vc | |||
Investment consulting firm | 2019 | stratfinityventures.com | Chennai, India | |
Recruitment services are provided by QPM in Dubai, UAE. | 2016 | qogent.com | Dubai, United Arab Emirates | |
REIT firm | 1986 | clsacapital.com | Hong Kong, China | |
| whitegrassindiainfra.tcc.mode | ||||
UP Uday Purandare | unknown_eaa1c183e51c47e1a | |||
AD Ameya Dahibavkar | unknown_bbb4171be13240f68 | |||
MR Malcolm Raphael | unknown_58fd8a2eacc844d7b | |||
AM Amey Mashelkar | Angel investor, Head of JioGenNext, focused on deep tech and innovation | unknown_acfcda44e6394c068 |
Investor details for Utter
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Board of directors of Encompass Design India Limited (Utter)
Encompass Design India Limited is the primary company behind Utter. The boards of the 2 registered companies of Utter currently have 8 directors; the longest-serving is Amit Rajendraprasad Dalmia, appointed in 2010. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amit Rajendraprasad Dalmia DIN 00210919 | Managing Director | 09 Mar 2010 | 16 yrs 7 mo | Encompass Design India Limited |
| Susmita Amit Dalmia DIN 02401290 | Whole-time director | 16 Mar 2013 | 13 yrs 7 mo | Encompass Design India Limited |
| Ninad Jayawant Vengurlekar DIN 06990010 | Director | 05 Nov 2014 | 11 yrs 11 mo | Edmobile Labs Private Limited |
| Amit Arwind Bhadbhade DIN 06411679 | Director | 05 Nov 2014 | 11 yrs 11 mo | Edmobile Labs Private Limited |
| Ruman Kailash Agarwal DIN 11004779 | Whole-time director | 05 Apr 2025 | 1 yr 6 mo | Encompass Design India Limited |
| Tejpal Singh DIN 11111989 | Director | 19 May 2025 | 1 yr 5 mo | Encompass Design India Limited |
| Saahil Prakash Dugar DIN 01186726 | Director | 30 May 2025 | 1 yr 4 mo | Encompass Design India Limited |
| Himanshi Tiwari DIN 10545195 | Director | 30 May 2025 | 1 yr 4 mo | Encompass Design India Limited |
People of Utter
3 people are tracked at Utter (3 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Utter
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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IPO & Listings of Utter
Utter is a publicly listed company on the NSE with ticker symbol ENCOMPAS in India. 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: ENCOMPAS
- Listed entityEncompass Design India Limited
Financials of Utter
Exchange-reported figures of Encompass Design India Limited, the listed company behind Utter (NSE: ENCOMPAS-SM).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 68.12 | 54.65 | 40.04 | 21.62 |
| Revenue growth | +24.7% | +36.5% | +85.2% | - |
| EBITDA | 20.76 | 16.87 | 11.25 | 0.56 |
| EBITDA margin | +30.5% | +30.9% | +28.1% | +2.6% |
| Profit before tax | 16.36 | 14.63 | 9.27 | (0.98) |
| Net profit | 13.04 | 10.79 | 6.87 | (1.30) |
| Net profit margin | +19.1% | +19.7% | +17.2% | -6.0% |
| EPS (₹) | 11.15 | 276.98 | 232.32 | (49.30) |
| Balance sheet | ||||
| Total assets | 95.19 | 47.05 | 18.56 | 11.07 |
| Net worth | 81.79 | 32.58 | 10.38 | 3.50 |
| Total debt | 13.03 | 14.26 | 8.06 | 7.47 |
| Cash & bank | 15.16 | 12.51 | 0.31 | 0.07 |
| Net working capital | 43.22 | 29.19 | 8.18 | 3.74 |
| Cash flow | ||||
| Cash from operations | 9.42 | 4.74 | 6.50 | 3.12 |
| Cash from investing | (3.89) | 1.50 | (6.57) | (0.72) |
| Cash from financing | (2.88) | 5.97 | 0.30 | (2.84) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Revenue | 68.12 | 54.65 | 40.04 | 21.62 |
| Revenue growth | +24.7% | +36.5% | +85.2% | - |
| Other income | 0.26 | 0.36 | 0.11 | 0.07 |
| Total expenses | 47.36 | 37.78 | 28.79 | 21.06 |
| Employee cost | 0.00 | 4.31 | 3.66 | 3.60 |
| EBITDA | 20.76 | 16.87 | 11.25 | 0.56 |
| EBITDA margin | +30.5% | +30.9% | +28.1% | +2.6% |
| Depreciation | 2.86 | 2.28 | 1.73 | 1.54 |
| Interest | 1.80 | 0.32 | 0.36 | 0.07 |
| Profit before tax | 16.36 | 14.63 | 9.27 | (0.98) |
| Tax | 3.32 | 3.84 | 2.40 | 0.32 |
| Net profit | 13.04 | 10.79 | 6.87 | (1.30) |
| Net profit margin | +19.1% | +19.7% | +17.2% | -6.0% |
| EPS (₹) | 11.15 | 276.98 | 232.32 | (49.30) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Equity & liabilities | ||||
| Share capital | 14.18 | 0.39 | 0.31 | 0.31 |
| Reserves & surplus | 67.61 | 32.19 | 10.07 | 3.19 |
| Shareholders' funds (net worth) | 81.79 | 32.58 | 10.38 | 3.50 |
| Secured loans | 10.89 | 11.62 | 2.23 | 0.30 |
| Unsecured loans | 2.14 | 2.64 | 5.83 | 7.17 |
| Total debt | 13.03 | 14.26 | 8.06 | 7.47 |
| Total liabilities | 95.19 | 47.05 | 18.56 | 11.07 |
| Assets | ||||
| Gross block | 62.26 | 32.81 | 22.91 | 16.56 |
| Net block | 45.12 | 18.53 | 10.91 | 6.29 |
| Capital work in progress | 7.39 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 16.28 | 10.87 | 5.09 | 12.86 |
| Sundry debtors | 12.12 | 8.94 | 4.77 | 2.35 |
| Cash & bank balances | 15.16 | 12.51 | 0.31 | 0.07 |
| Loans & advances | 5.99 | 2.22 | 1.76 | 1.31 |
| Total current assets | 49.55 | 34.54 | 11.93 | 16.59 |
| Total current liabilities | 6.33 | 5.35 | 3.75 | 12.85 |
| Net working capital | 43.22 | 29.19 | 8.18 | 3.74 |
| Total assets | 95.19 | 47.05 | 18.56 | 11.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Opening cash | 12.51 | 0.31 | 0.07 | 0.50 |
| Net cash from operating activities | 9.42 | 4.74 | 6.50 | 3.12 |
| Net cash from investing activities | (3.89) | 1.50 | (6.57) | (0.72) |
| Net cash from financing activities | (2.88) | 5.97 | 0.30 | (2.84) |
| Net change in cash | 2.65 | 12.21 | 0.24 | (0.44) |
| Closing cash | 15.16 | 12.51 | 0.31 | 0.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|---|
| Growth | ||||
| Sales growth | +24.7% | +36.5% | +85.2% | - |
| EBITDA growth | +23.1% | +50.0% | +1908.9% | - |
| PBT growth | +11.8% | +57.8% | +9998.0% | +9997.0% |
| Net income growth | +20.9% | +57.1% | +628.5% | - |
| Revenue CAGR (3Y) | +46.6% | - | - | - |
| EBITDA CAGR (3Y) | +233.4% | - | - | - |
| Profitability & leverage | ||||
| Net income margin | +19.1% | +19.7% | +17.2% | -6.0% |
| Return on capital employed | - | +45.6% | +65.1% | 0.0% |
| Return on net worth | - | +50.2% | +99.6% | 0.0% |
| Debt / equity | - | 0.52 | 1.12 | 2.13 |
| Long-term debt / equity | - | 0.21 | 0.94 | 2.05 |
| Interest cover | 10.06 | 2.19 | 3.78 | -7.14 |
| Efficiency & per share | ||||
| Fixed asset turnover | - | 1.96 | 2.03 | 1.31 |
| Inventory turnover | - | 6.85 | 4.46 | 1.68 |
| Debtors turnover | - | 7.97 | 11.25 | 9.20 |
| EPS (₹) | 11.15 | 276.98 | 232.32 | (49.30) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 835.94 | 349.94 | 131.34 |
Timeline of Utter
4 dated milestones of Utter across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Utter is founded.
- Funding First funding round of $208K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $608K.
Competitors of Utter
Utter has 2 listed competitors in our database, 2 of them funded. They include OckyPocky and Lingopanda.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ockypocky.com | 2015 | Gurugram, India | $1.05M | Vernacular-based English learning app for preschool kids is provided. | ||
| lingopanda.app | 2021 | Bengaluru, India | $263,970 | English learning is enabled by AI videos and speech assessment. |
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Related news about Utter
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Frequently Asked Questions about Utter
Utter was founded in 2015.
Utter is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ninad Vengurlekar is the CEO of Utter, as recorded in our data. They have also founded this company.
Utter is a funded company, having raised a total of $2.25M across 5 funding rounds to date. The company's 1st funding round was a Seed of $207.88K, raised on Apr 2015.
The primary company behind Utter, Encompass Design India Limited, reported revenue of ₹68.38 Cr for FY 2026, up 25% year on year.
Utter was founded in 2015 in Pune, India, focusing on the edtech sector. AI-driven chatbots are offered for vernacular-based English language learning through a mobile application available on Android devices. Multilingual chatbots are also provided for employee training in sectors including hospitality, retail, and facility management. Key features encompass audio and video content, real-time engagement, certification processes, and feedback mechanisms. Operations emphasize practical language skills development for diverse workforces.
Utter's top competitors include Lingopanda and OckyPocky.
Yes, Utter is publicly traded on NSE under the ticker symbol ENCOMPAS.
Utter has 34 investors. Key investors include CLSA Capital Partners, QPM, Stratfinity Ventures, Uday Purandare, and Ameya Dahibavkar.
The valuation of Utter is $5.51M as of Jun 2019.
Utter is associated with 2 legal entities: Encompass Design India Limited, Edmobile Labs Private Limited.
The legal entities of Utter currently have 10 directors, including Susmita Amit Dalmia, Amit Rajendraprasad Dalmia, Tarak Amrutlal Nagda and others.