MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0067244
Edutest Solutions Private Limited - education in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹252.64 Cr
▲ 18% YoY
Net profit · FY 2024
₹56.87 Cr
Net margin 22.5%
EBITDA · FY 2024
₹80.11 Cr
EBITDA margin 31.7%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹2.82 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Employees · EPFO
183
Provident fund records
Directors on board
3
As per MCA filings
About Edutest Solutions Private Limited
Data last updated:
Edutest Solutions Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the edtech solutions segment of the education sector. It was incorporated on 18 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2016PTC111883. Its GSTIN is 24AAGCC5475Q2Z1 (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.82 Cr. It was formerly known as Crest Assessment Solutions Private Limited and Intellotech Solutions Private Limited. It is led by directors including Rajesh Gopaldas Parekh and Saksham Vineet Arya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2nd Floor Jbr Corporate House Sindhubhavan Road Bodakdev, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹252.64 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹56.87 Cr (net margin 22.5%) and EBITDA of ₹80.11 Cr (EBITDA margin 31.7%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 22% over five years.
The company has about 183 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Edutest Solutions. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 3 cases are pending. The company has 7 deals on record (7 secondary share transfers); the latest was in June 2021. Its 10 peer companies in the Education industry (Education Technology) are compared by revenue, 5 larger and 5 smaller; the largest is Chegg India Private Limited with revenue of ₹446.76 Cr.
Edutest Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0067244). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website edu-test.in.
Company Details of Edutest Solutions Private Limited
CIN U74999GJ2016PTC111883
Registration Number 111883
Incorporation Date 18 July 2016
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0067244
Name History of Edutest Solutions Private Limited
Edutest Solutions has undergone 8 name changes throughout its history. The current legal name is Edutest Solutions Private Limited.
| Company Name | Status |
|---|---|
| Edutest Solutions Private Limited | Current |
| Crest Assessment Solutions Private Limited | Previous |
| Intellotech Solutions Private Limited | Previous |
| Epariksha Solutions Private Limited | Previous |
| Confisec Private Limited | Previous |
| Arcane Solutions Private Limited | Previous |
| Evaluating Skills & Knowledge Private Limited | Previous |
| Integrated Testing Solutions Private Limited | Previous |
CIN History of Edutest Solutions Private Limited
Edutest Solutions has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74999GJ2016PTC111883, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999GJ2016PTC111883 | Current |
| U74999DL2016PTC329144 | Previous |
| U74999GJ2016PTC092971 | Previous |
Key People
Rajesh Gopaldas Parekh Director Saksham Vineet Arya Director Dinesh Kumar Sharma Director Recognitions & Rankings of Edutest Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address2nd Floor Jbr Corporate House Sindhubhavan Road Bodakdev, Ahmedabad, Gujarat, India – 380059
- IndustryEducation, EdTech Solutions
Comprehensive company report
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Associated Brands with Edutest Solutions Private Limited
Edutest Solutions operates one associated brand: Edutest Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Edutest offers test authoring, administration, analysis, and processing for assessments. | edu-test.in |
Business Activity of Edutest Solutions Private Limited
The business activities of Edutest Solutions are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Edutest Solutions Private Limited FY 2024 filings available
Edutest Solutions Private Limited reported revenue of ₹252.64 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹252.64 Cr ▲ 18%
Net profit · FY 2024
₹56.87 Cr margin 22.5%
EBITDA · FY 2024
₹80.11 Cr margin 31.7%
Compounded Annual Growth Rate (CAGR) of Edutest Solutions Private Limited
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 54%
5 years · compounded
▲ 22%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 35%
5 years · compounded
▲ 11%
Revenue has grown at a compounded annual rate (CAGR) of 22% over five years, including 18% growth in the latest year. EBITDA rose 19% 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 of Edutest Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹80.11 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹56.87 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 of Edutest Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 22.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Edutest Solutions are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Edutest Solutions Private Limited
Edutest Solutions has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Gopaldas Parekh Also directs: Citco Fund Services (India) Ifsc LLP, Kifs Financial Services Limited, Kifs Finstock Limited and 2 more | Director | 01 Nov 2024 | 1 Years 11 Months | Current |
| Saksham Vineet Arya Also directs: Xamindia Private Limited | Director | 02 Dec 2020 | 5 Years 10 Months | Current |
| Dinesh Kumar Sharma | Director | 20 Mar 2025 | 1 Years 7 Months | Current |
Peer Comparison of Edutest Solutions Private Limited
Edutest Solutions Private Limited is compared with the companies closest to it by revenue in the Education industry (Education Technology). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Chegg India Private Limited | ₹446.76 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | New Delhi, Delhi, India |
| Extramarks Education India Private Limited | ₹373.69 Cr (FY 2023) | •••• | •••• | 244.0% | •••• | Noida, Uttar Pradesh, India |
| Leadership Boulevard Private Limited | ₹367.41 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Mumbai, Maharashtra, India |
| Edique Solutions Private Limited | ₹308.95 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Dadri, Uttar Pradesh, India |
| Bunch Microtechnologies Private Limited | ₹264.67 Cr (FY 2024) | •••• | •••• | 77.0% | •••• | Gurgaon, Haryana, India |
| Edutest Solutions Private Limited this company | ₹252.64 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
| Distil Education & Technology Private Limited | ₹241.36 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| Dexit Global Limited | ₹227.85 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Nxtwave Disruptive Technologies Private Limited | ₹202.06 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Hyderabad, Telangana, India |
| Excelsoft Technologies Limited | ₹200.55 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Mysore, Karnataka, India |
| Sankhya Infotech Limited Listed | ₹164.23 Cr (FY 2019) | •••• | •••• | -11.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Edutest Solutions by revenue in the Education industry (Education Technology), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Edutest Solutions Private Limited
Edutest Solutions Private Limited is audited by MUKESH R. CHOKSHI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MUKESH R. CHOKSHI & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Edutest Solutions Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Edutest Solutions Private Limited
Edutest Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Edutest Solutions Private Limited
Edutest Solutions Private Limited has 7 deals on record (7 secondary share transfers); the latest was in June 2021.
Total deals
7
Secondary share transfers
7
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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Full deal history
All 7 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Edutest Solutions Private Limited
Edutest Solutions Private Limited has 11 court cases on record: 9 filed by Edutest Solutions, 2 filed against it. 3 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Total cases
11
Filed by the company
9
Filed against the company
2
Pending
3
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 0 | 2 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against Accura Agro Products Private Limited | Pending |
| High Court of Gujarat | Arbitration matter | Filed by the company against Ahom Technologies Private Limited | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against International Spirituality Olympiad Council | Pending |
| Allahabad High Court | Writ petition | Filed by the company against State of U.P | Pending |
| Allahabad High Court | Writ petition | Filed by the company against State of U.P | Disposed |
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Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
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Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Edutest Solutions Private Limited
Edutest Solutions Private Limited has a workforce of 183 employees as of Apr 01, 2024.
Employee count
183
Active EPFO establishments
1
Employee growth
7.65%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
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- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Edutest Solutions Private Limited
Edutest Solutions has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key Subsidiaries
| Company Name | CIN | Shares Held |
|---|---|---|
| Xamindia Private Limited | U80301GJ2021PTC127882 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Edutest Solutions Private Limited
Edutest Solutions Private Limited has 10 board changes on record since 2019: 3 appointments and 7 cessations. The latest: Rajesh Gopaldas Parekh ceased to be Additional Director on 29 Sep 2025.
Ceased
Rajesh Gopaldas Parekh ceased to be Additional Director.
Appointed
Dinesh Kumar Sharma was appointed as Director.
Appointed
Rajesh Gopaldas Parekh was appointed as Director.
AGM
Edutest Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Edutest Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Ceased
Vineet Sureshchandra Arya ceased to be Director.
Ceased
Jaya Vineet Arya ceased to be Director.
Ceased
Saksham Vineet Arya ceased to be Additional Director.
Appointed
Saksham Vineet Arya was appointed as Director.
Ceased
Sureshchandra Bansidhar Arya ceased to be Director.
Ceased
Alok Ranjan ceased to be Additional Director.
Ceased
Brahmaiah Reddy Gade ceased to be Additional Director.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Edutest Solutions Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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MSME Payment Delays by Edutest Solutions Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Edutest Solutions Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Edutest Solutions Private Limited
Edutest Solutions has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCC5475Q2Z1 | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Edutest Solutions Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Edutest Solutions Private Limited
Frequently Asked Questions about Edutest Solutions Private Limited
Edutest Solutions is an active private limited company based in Ahmedabad, Gujarat, India. The company works in edtech solutions, within the education industry. It was incorporated on 18 July 2016 (10+ years old) and is registered under CIN U74999GJ2016PTC111883.
Edutest Solutions reported revenue of ₹252.64 Cr for FY 2024 (up 18% YoY).
Edutest Solutions has 3 current directors:
- Rajesh Gopaldas Parekh - Director
- Saksham Vineet Arya - Director
- Dinesh Kumar Sharma - Director
Edutest Solutions reported a net profit of ₹56.87 Cr (net margin 22.5%) and EBITDA of ₹80.11 Cr (EBITDA margin 31.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Edutest Solutions is 54% over three years and 22% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Edutest Solutions is 24AAGCC5475Q2Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Edutest Solutions is U74999GJ2016PTC111883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Edutest Solutions has 11 court cases on record: 9 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Edutest Solutions was incorporated on 18 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Edutest Solutions has 7 deals on record (7 secondary share transfers); the latest was in June 2021.
The peers of Edutest Solutions by revenue are Chegg India Private Limited, Extramarks Education India Private Limited, Leadership Boulevard Private Limited, Edique Solutions Private Limited, Bunch Microtechnologies Private Limited and 5 more, all in the Education industry (Education Technology).