About Course5 Intelligence Limited
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Course5 Intelligence Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the consumer and professional services segment of the travel and hospitality sector. It was incorporated on 28 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PLC303971. Its GSTIN is 27AABCC6525A1Z5 (Maharashtra). The company holds 12 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹75 Cr and a paid-up capital of ₹60.98 Cr. It was formerly known as Cross-Tab.Com Private Limited and Course5 Intelligence Private Limited. It is led by directors including Ashwin Ramesh Mittal (Managing Director) and Kumar Kantilal Mehta.
Its last annual general meeting (AGM) was held on 04 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 201 1st Floor Ceejay House Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹566 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹48.4 Cr (net margin 8.6%) and EBITDA of ₹98.25 Cr (EBITDA margin 17.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 17% over five years.
The company has about 969 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: C5i and CrossTab. As per MCA filings, the company has open charges of ₹166.39 Cr and satisfied charges of ₹8.2 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it; 1 case is pending. The company has 23 deals on record (18 secondary share transfers, 5 funding rounds), with disclosed funding of ₹365.9 Cr; the latest was in March 2025. The company has 7 MSME Form 1 returns on record between 2022 and 2024, listing 94 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website course5i.com.
Company details
Name history
Course5 Intelligence has undergone 3 name changes throughout its history. The company was previously known as Cross-Tab.Com Private Limited, Course5 Intelligence Private Limited, and Cross-Tab Marketing Services Private Limited. The current legal name is Course5 Intelligence Limited.
| Company Name | Status |
|---|---|
| Course5 Intelligence Limited | Current |
| Cross-Tab.Com Private Limited | Previous |
| Course5 Intelligence Private Limited | Previous |
| Cross-Tab Marketing Services Private Limited | Previous |
CIN history
Course5 Intelligence has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200MH2000PLC303971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2000PLC303971 | Current |
| U72200KA2000PTC027548 | Previous |
| U72200MH2000PTC303971 | Previous |
Contact details
Course5 Intelligence Limited's registered office is in Mumbai, Maharashtra. Its website is course5i.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 201 1st Floor Ceejay House Dr. Annie Besant Road Worli, Mumbai, Maharashtra, India – 400018
- IndustryTravel and Hospitality, Consumer Professional Services
To see the full contact details of Course5 Intelligence Limited, 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
Course5 Intelligence operates two associated brands: C5i and CrossTab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI and data analytics solutions are provided across multiple industries. | c5i.ai | |
| Market research outsourcing services are provided by Cross in India. | cross-tab.com |
Business activity
The main business activity of Course5 Intelligence is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Course5 Intelligence Limited, buy the company report.
Financials of Course5 Intelligence Limited
FY 2025 filings availableCourse5 Intelligence Limited reported revenue of ₹566 Cr (up 24% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 24% growth in the latest year. EBITDA rose 68% 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 | ₹566 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹98.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹48.4 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17.4% | ||||
| Net Profit Margin | 8.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Course5 Intelligence Limited, buy the company report.
Board of directors of Course5 Intelligence Limited
Course5 Intelligence has 7 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Kantilal Mehta | Director | 26 Jun 2023 | 3 Years 4 Months | Current |
| Kartik Parshottam Badiani | Director | 27 Jun 2023 | 3 Years 4 Months | Current |
| Debjyoti Paul Also directs: Maximl Labs Private Limited | Director | 15 May 2026 | 0 Years 5 Months | Current |
| Simon Charles Chadwick | Director | 09 Dec 2021 | 4 Years 11 Months | Current |
| Bijal Tushar Ajinkya | Director | 05 Jun 2024 | 2 Years 5 Months | Current |
| Ashwin Ramesh Mittal Also directs: Riddhymic Technoserve LLP, Eskays Constructions Pvt Ltd, Bull Finch Trading Company Pvt Ltd and 5 more | Managing Director | 10 Dec 2003 | 22 Years 11 Months | Current |
Auditor
Course5 Intelligence Limited is audited by M S K A & Associates for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2025 | 105047W |
Shareholding
The shareholding of Course5 Intelligence Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Course5 Intelligence Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2025 | 101084398 | The Hongkong and Shanghai Banking Corporation Limited | ₹1.39 Cr | Open | |
| 09 Apr 2025 | 101084401 | The Hongkong and Shanghai Banking Corporation Limited | ₹50 Cr | Open | |
| 20 Dec 2022 | 100662714 | Others | ₹65 Cr | Open | |
| 29 Jul 2011 | 10300220 | Citi Bank N.A. | ₹50 Cr | Open | |
| 11 Jan 2013 | 10402173 | Icici Bank Limited | ₹8.2 Cr | Satisfied |
To see the full charge records of Course5 Intelligence Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Course5 Intelligence Limited has 23 deals on record (18 secondary share transfers, 5 funding rounds), with disclosed funding of ₹365.9 Cr; the latest was in March 2025.
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Carnelian Structural Shift Fund Seller: Riddhymic Technoserve LLP |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: Carnelian Asset Management LLP , Eighty-Four Investments Private Limited , Elpro International Limited Seller: Riddhymic Technoserve LLP , 2 individuals |
| Jun 2023 | Secondary share transfer | Undisclosed | Buyer: Nuvama Private Equity (Edelweiss Private Equity), Carnelian Structural Shift Fund Seller: Riddhymic Technoserve LLP , an individual |
| May 2023 | Funding round | ₹354.48 Cr | Investors: 360 ONE (IIFL Asset Management), Nuvama Private Equity (Edelweiss Private Equity), Carnelian Structural Shift Fund |
| May 2023 | Secondary share transfer | Undisclosed | Buyer: 360 ONE (IIFL Asset Management) Seller: Riddhymic Technoserve LLP , 2 individuals |
To see the full deal history of Course5 Intelligence Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Course5 Intelligence Limited has 7 court cases on record: 5 filed by Course5 Intelligence, 2 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
| High courts | 3 | 1 | 1 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Flipkart Internet Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Flipkart Internet Private Limited | Disposed |
| High Court of Karnataka | Appeal | Filed against the company by The Commissioner of Central Tax | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against The Principal Commissioner of Central Tax | Disposed |
| High Court of Karnataka | Tax appeal | Filed by the company against The Income Tax Officer | Disposed |
To see the full case history of Course5 Intelligence Limited, 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.
MSME payment delays
Course5 Intelligence Limited has 7 MSME Form 1 returns on record between 2022 and 2024, listing 94 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Meri Resoi Hospitality | |||
| Xbyte Technolabs Private Limited | |||
| Talentbridge Technologies Private Limited | |||
| Legasis Partners | |||
| Origiin Intellectual Property Solutions LLP |
To see the full MSME payment records of Course5 Intelligence Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Course5 Intelligence has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Incivus Technologies Private Limited | U72900MH2021PTC359410 |
To see the full group structure of Course5 Intelligence Limited, buy the company report.
Employees & EPFO
Course5 Intelligence Limited has a workforce of 969 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 969 |
| FY 2025-26 | |
| 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 Course5 Intelligence Limited, buy the company report.
GST
Course5 Intelligence has 12 GST registrations: 9 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC6525A1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 27AABCC6525A3Z3 | Maharashtra | Active | 17 Jul 2017 |
| 27AABCC6525A4Z2 | Maharashtra | Active | 27 Jul 2017 |
| 27AABCC6525A5Z1 | Maharashtra | Active | 07 Jan 2019 |
To see the full GST registrations and return filing status of Course5 Intelligence Limited, buy the company report.
Recent activity
Course5 Intelligence Limited has 22 board changes on record since 2003: 7 appointments and 15 cessations. The latest: Debjyoti Paul was appointed as Director on 15 May 2026.
22 earlier events are in the company report.
Frequently asked questions
Course5 Intelligence is an active public limited company based in Mumbai, Maharashtra, India. The company works in consumer professional services, within the travel and hospitality industry. It was incorporated on 28 July 2000 (26+ years old) and is registered under CIN U72200MH2000PLC303971.
Course5 Intelligence has 7 current directors:
- Ashwin Ramesh Mittal - Managing Director
- Kumar Kantilal Mehta - Director
- Kartik Parshottam Badiani - Director
- Debjyoti Paul - Director
- Simon Charles Chadwick - Director
- Bijal Tushar Ajinkya - Director
- Chetan Naik - Nominee Director
The latest financial statements of Course5 Intelligence on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 04 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Course5 Intelligence is 27AABCC6525A1Z5, registered in Maharashtra. The company has 12 GST registrations in all, of which 9 are active and 3 are cancelled or inactive. Other active GSTINs include 27AABCC6525A3Z3 (Maharashtra), 27AABCC6525A4Z2 (Maharashtra), 27AABCC6525A5Z1 (Maharashtra).
The CIN (Corporate Identification Number) of Course5 Intelligence is U72200MH2000PLC303971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Course5 Intelligence has 7 court cases on record: 5 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Course5 Intelligence was incorporated on 28 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Course5 Intelligence has 23 deals on record (18 secondary share transfers, 5 funding rounds), with disclosed funding of ₹365.9 Cr; the latest was in March 2025.
Debjyoti Paul was appointed as Director on 15 May 2026. Pranav Vipinchandra Parikh ceased to be Nominee Director on 24 Apr 2026. Prashant Ashok Bhatt ceased to be CFO on 14 Apr 2026. Course5 Intelligence has 22 board changes on record in total.
Course5 Intelligence has 7 MSME Form 1 returns on record between 2022 and 2024, listing 94 overdue payments to 37 micro and small suppliers. The latest return was filed on 11 Jun 2024.
Course5 Intelligence can be reached through the website course5i.com. Its registered office is in Mumbai, Maharashtra, India.
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