About Cue Learn Private Limited
Data last updated:
Cue Learn Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 10 June 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U72900DL2011PTC220728. Its GSTIN is 07AAECC6427G1ZR (Delhi). The company holds 31 GST registrations, of which 29 are active.
The company has an authorised share capital of ₹6.43 Cr and a paid-up capital of ₹5.18 Cr. It is led by directors including Manan Khurma and Jagjit Rai Khurma.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D – 58 Basement Kalkaji, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹156.59 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net loss of ₹46.87 Cr (net margin -29.9%) and EBITDA of -₹46.19 Cr (EBITDA margin -29.5%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 41% over five years.
The company has about 438 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Payroll System and Cuemath. As per MCA filings, the company has satisfied charges of ₹33 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 1 case is pending. The company has 19 deals on record (9 funding rounds, 8 secondary share transfers, 2 debt financings), with disclosed funding of ₹921.45 Cr; the latest was in August 2022. Its 5 peer companies in the Ecommerce and Internet industry (Education), with the same principal business activity (educational support services) are compared by revenue, 2 larger and 3 smaller; the largest is Times Edutech and Events Limited with revenue of ₹186.08 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cuemath.com.
Company details
Contact details
Cue Learn Private Limited's registered office is in New Delhi, Delhi. Its website is cuemath.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 58 Basement Kalkaji, New Delhi, Delhi, India – 110019
- IndustryInternet, Online Education & Learning Platforms
To see the full contact details of Cue Learn Private 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
Cue Learn operates two associated brands: Payroll System and Cuemath. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers HR payroll management software for efficient business operations. | payrollhrindia.com | |
| Live online classes for school math education are provided. | cuemath.com |
Financials of Cue Learn Private Limited
FY 2025 filings availableCue Learn Private Limited reported revenue of ₹156.59 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 19% growth in the latest year. EBITDA rose 65% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹46.19 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹46.87 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -29.5% | ||||
| Net Profit Margin | -29.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Cue Learn Private Limited, buy the company report.
Board of directors of Cue Learn Private Limited
Cue Learn has 7 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Divya Venkatavaraghavan Also directs: Health Arx Technologies Private Limited | Nominee Director | 19 Dec 2020 | 5 Years 10 Months | Current |
| Manan Khurma | Director | 09 Sep 2014 | 12 Years 1 Months | Current |
| Jagjit Rai Khurma | Director | 28 Oct 2022 | 3 Years 11 Months | Current |
| Jamie Beth Rosen | Nominee Director | 07 Nov 2024 | 1 Years 11 Months | Current |
| Abheek Anand | Nominee Director | 22 Apr 2016 | 10 Years 6 Months | Current |
| Samir Rajendra Abhyankar | Additional Director | 12 May 2026 | 0 Years 5 Months | Current |
Peer comparison
Cue Learn Private Limited is compared with the 5 companies closest to it by revenue in the Ecommerce and Internet industry (Education), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Times Edutech and Events Limited | ₹186.08 Cr (FY 2025) | 10.0% | Mumbai, Maharashtra, India | |||
| Idp Education Exam Services Private Limited | ₹157.78 Cr (FY 2022) | -23.0% | Delhi, India | |||
| Cue Learn Private Limitedthis company | ₹156.59 Cr (FY 2025) | -₹46.87 Cr | -29.9% | 19.0% | 438 | New Delhi, Delhi, India |
| New Age Education and Skills Foundation | ₹156.13 Cr (FY 2025) | 243.0% | Surat, Gujarat, India | |||
| Coeus Education Management Private Limited | ₹148.33 Cr (FY 2016) | Mumbai, Maharashtra, India | ||||
| Balajee Education Private Limited | ₹137.4 Cr (FY 2021) | -17.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Cue Learn Private Limited, buy the company report.
Auditor
Cue Learn Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
The shareholding of Cue Learn Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cue Learn Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jul 2020 | 100359488 | Others | ₹13 Cr | Satisfied | |
| 13 Nov 2018 | 100228379 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Cue Learn Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Cue Learn Private Limited has 19 deals on record (9 funding rounds, 8 secondary share transfers, 2 debt financings), with disclosed funding of ₹921.45 Cr; the latest was in August 2022.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Secondary share transfer | Undisclosed | Buyer: Positive Mantra Consulting Private Limited Seller: an individual |
| Dec 2020 | Funding round · Series C | ₹297.15 Cr | Investors: Lightrock India (LGT Lightstone Aspada), Alpha Wave Global, CapitalG |
| Jul 2020 | Debt financing | ₹13 Cr | Investors: Trifecta Capital, Trifecta Venture Debt Fund-Ii |
| Nov 2018 | Debt financing | ₹20 Cr | Investors: Trifecta Capital |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Cue Learn Private 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
Cue Learn Private Limited has 9 court cases on record: 2 filed by Cue Learn, 7 filed against it. 1 case is pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 1 |
| NCLAT | 3 | 3 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by M/S TCN Inc. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by an individual | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, South East, Delhi | Execution petition | Filed against the company by Igt Services and Technologies KL SDN. BHD | Disposed |
| NCLT, Principal Bench | Insolvency matter | Filed against the company by an individual | Disposed |
To see the full case history of Cue Learn Private 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
Cue Learn Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Barwal & Associates |
To see the full MSME payment records of Cue Learn Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Cue Learn Private Limited has a workforce of 438 employees on its EPFO records as of Dec 13, 2024, across 1 active EPFO establishment.
GST
Cue Learn has 31 GST registrations: 29 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECC6427G1ZR | Delhi | Active | 01 Jul 2017 |
| 07AAECC6427G1C2 | Delhi | Active | 07 Nov 2020 |
| 29AAECC6427G1ZL | Karnataka | Active | 01 Jul 2017 |
| 33AAECC6427G1ZW | Tamil Nadu | Active | 03 Jul 2017 |
To see the full GST registrations and return filing status of Cue Learn Private Limited, buy the company report.
Recent activity
Cue Learn Private Limited has 16 board changes on record since 2014: 7 appointments and 9 cessations. The latest: Samir Rajendra Abhyankar was appointed as Additional Director on 12 May 2026.
11 earlier events are in the company report.
News
Frequently asked questions
Cue Learn is an active private limited company based in New Delhi, Delhi, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 10 June 2011 (15+ years old) and is registered under CIN U72900DL2011PTC220728.
Cue Learn has 7 current directors:
- Divya Venkatavaraghavan - Nominee Director
- Manan Khurma - Director
- Jagjit Rai Khurma - Director
- Jamie Beth Rosen - Nominee Director
- Abheek Anand - Nominee Director
- Samir Rajendra Abhyankar - Additional Director
- Sai Teja Ramanujam - Nominee Director
The latest financial statements of Cue Learn on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cue Learn is 07AAECC6427G1ZR, registered in Delhi. The company has 31 GST registrations in all, of which 29 are active and 2 are cancelled or inactive. Other active GSTINs include 07AAECC6427G1C2 (Delhi), 29AAECC6427G1ZL (Karnataka), 33AAECC6427G1ZW (Tamil Nadu).
The CIN (Corporate Identification Number) of Cue Learn is U72900DL2011PTC220728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cue Learn has 9 court cases on record: 2 filed by the company and 7 filed against it. 1 is pending. Most are in the district courts.
Cue Learn was incorporated on 10 June 2011, making it 15+ years old. It is registered with the Registrar of Companies, Delhi.
Cue Learn has 19 deals on record (9 funding rounds, 8 secondary share transfers, 2 debt financings), with disclosed funding of ₹921.45 Cr; the latest was in August 2022.
The peers of Cue Learn by revenue are Times Edutech and Events Limited, Idp Education Exam Services Private Limited, New Age Education and Skills Foundation, Coeus Education Management Private Limited, Balajee Education Private Limited, all in the Ecommerce and Internet industry (Education), with the same principal business activity (educational support services).
Samir Rajendra Abhyankar was appointed as Additional Director on 12 May 2026. Sai Teja Ramanujam was appointed as Nominee Director on 16 May 2025. Jamie Beth Rosen was appointed as Nominee Director on 07 Nov 2024. Cue Learn has 16 board changes on record in total.
Cue Learn has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 6 overdue payments to 1 micro and small supplier. The latest return was filed on 31 Oct 2019.
Cue Learn can be reached through the website cuemath.com. Its registered office is in New Delhi, Delhi, India.