DPIIT recognised startup Government of India
Startup India
Elevate Education Technology Private Limited - education in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹80.56 Cr
▲ 37% YoY
Net loss · FY 2025
₹42.29 Cr
Net margin -52.5%
EBITDA · FY 2025
-₹40.31 Cr
EBITDA margin -50%
Authorised capital
₹55.55 Lakh
Registered with MCA
Paid-up capital
₹45.84 Lakh
Issued & subscribed
Open charges
₹25 Lakh
Satisfied ₹53 Cr
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Elevate Education Technology Private Limited
Data last updated:
Elevate Education Technology Private Limited is a private limited company based in New Delhi, Delhi, India, recognised as a startup by DPIIT. It operates in the k-12 and higher education institutions segment of the education sector. It was incorporated on 16 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80301DL2019PTC344542. Its GSTIN is 06ABBCS4424R1ZY (Haryana).
The company has an authorised share capital of ₹55.55 Lakh and a paid-up capital of ₹45.84 Lakh. It was formerly known as Sunstone Education Technology Private Limited. It is led by directors Ashish Munjal and Piyush Nangru.
Its last annual general meeting (AGM) was held on 23 December 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 55 Second Floor Lane – 2 Westend Marg, Saidulajab Near Saket Metro Station, New Delhi, Delhi, India – 110030.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.56 Cr, a growth of 37% compared to the previous year. For the same year it recorded a net loss of ₹42.29 Cr (net margin -52.5%) and EBITDA of -₹40.31 Cr (EBITDA margin -50%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 302% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 2 brands: MyFuture and Sunstone. As per MCA filings, the company has open charges of ₹25 Lakh and satisfied charges of ₹53 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending. The company has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹675.1 Cr; the latest was in July 2026. Its 4 peer companies in the Education industry (Education, Education Technology, K12 and Higher Education), with the same principal business activity (educational support services) are compared by revenue, 2 larger and 2 smaller; the largest is Nord Anglia Education Infrastructure Private Limited with revenue of ₹86.85 Cr.
Elevate Education Technology Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-HR-05-0043114). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sunstone.in.
Company details
CIN U80301DL2019PTC344542
Registration Number 344542
Incorporation Date 16 January 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 23 December 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-HR-05-0043114
Key People
Ashish Munjal Director Piyush Nangru Director Recognitions & Rankings of Elevate Education Technology
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-HR-05-0043114
Contact details
Elevate Education Technology Private Limited's registered office is in New Delhi, Delhi. Its website is sunstone.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address55 Second Floor Lane – 2 Westend Marg, Saidulajab Near Saket Metro Station, New Delhi, Delhi, India – 110030
- IndustryEducation, K-12 & Higher Education Institutions
To see the full contact details of Elevate Education Technology Private Limited, buy the company report.
Comprehensive company report
Elevate Education Technology Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Elevate Education Technology operates two associated brands: MyFuture and Sunstone. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers career training and job placement services. | myfutureapp.in | |
| Industry-integrated higher education programs are offered with placement support. | sunstone.in |
Financials of Elevate Education Technology Private Limited
FY 2025 filings availableElevate Education Technology Private Limited reported revenue of ₹80.56 Cr (up 37% YoY) for FY 2025.
Revenue · FY 2025
₹80.56 Cr ▲ 37%
Net loss · FY 2025
₹42.29 Cr margin -52.5%
EBITDA · FY 2025
-₹40.31 Cr margin -50%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 37%
3 years · compounded
▲ 64%
5 years · compounded
▲ 302%
EBITDA CAGR growth
1 year
▲ 54%
3 years · compounded
▲ 18%
5 years · compounded
▼ 42%
Revenue has grown at a compounded annual rate (CAGR) of 302% over five years, including 37% growth in the latest year. EBITDA rose 54% 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 | -₹40.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹42.29 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 | -50% | ||||
| Net Profit Margin | -52.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Elevate Education Technology Private Limited, buy the company report.
Board of directors of Elevate Education Technology Private Limited
Elevate Education Technology has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Munjal | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
| Piyush Nangru | Director | 16 Jan 2019 | 7 Years 9 Months | Current |
Peer comparison
Elevate Education Technology Private Limited is compared with the 4 companies closest to it by revenue in the Education industry (Education, Education Technology, K12 and Higher 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 |
|---|---|---|---|---|---|---|
| Nord Anglia Education Infrastructure Private Limited | ₹86.85 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Pigeon Education Technology India Private Limited | ₹86.47 Cr (FY 2025) | 46.0% | Bangalore, Karnataka, India | |||
| Elevate Education Technology Private Limitedthis company | ₹80.56 Cr (FY 2025) | -₹42.29 Cr | -52.5% | 37.0% | New Delhi, Delhi, India | |
| Enlearn Education Private Limited | ₹79.61 Cr (FY 2024) | 179.0% | Mumbai, Maharashtra, India | |||
| Nachimuthu Industrial Association | ₹79.05 Cr (FY 2023) | 21.0% | Pollachi, Tamil Nadu, India |
To see the full peer comparison of Elevate Education Technology Private Limited, buy the company report.
Auditor
Elevate Education Technology Private Limited is audited by A S R & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A S R & CO | FY 2023 | 021247N |
Shareholding
The shareholding of Elevate Education Technology Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Elevate Education Technology Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25 Lakh
Satisfied charges
₹53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 May 2025 | 101107362 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Lakh | Open | |
| 04 May 2022 | 100577874 | Others | ₹8 Cr | Satisfied | |
| 08 Feb 2022 | 100585115 | Others | ₹40 Cr | Satisfied | |
| 29 Dec 2020 | 100470350 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Elevate Education Technology Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Elevate Education Technology Private Limited has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹675.1 Cr; the latest was in July 2026.
Total deals
22
Funding rounds
14
Secondary share transfers
6
Debt financings
2
Disclosed funding
₹675.1 Cr
Deals on record (5 of 22)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Funding round · Series D | ₹170 Cr | Investors: Westbridge Capital Partners |
| Feb 2022 | Debt financing | ₹40 Cr | Investors: Alteria Capital |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Ittitude Technology Services Private Limited |
| Jan 2019 | Funding round | ₹2.5 Lakh | Investors: 4 individuals |
To see the full deal history of Elevate Education Technology 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
Elevate Education Technology Private Limited has 4 court cases on record: 3 filed by Elevate Education Technology, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 1 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed against the company by Briskblue Venture Partners LLP & Anr. | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Atlastdeal International College Pvt. Ltd. | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against Vestor College | Disposed |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Rig Education Foundation & Anr. | Disposed |
To see the full case history of Elevate Education Technology 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
No delayed payments to MSME suppliers are on our record for Elevate Education Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Elevate Education Technology 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 |
|---|---|---|
| Set Education Technology Private Limited | U80900DL2022PTC398002 |
To see the full group structure of Elevate Education Technology Private Limited, buy the company report.
GST
Elevate Education Technology has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06ABBCS4424R1ZY | Haryana | Active | 19 Nov 2019 |
To see the full GST registrations and return filing status of Elevate Education Technology Private Limited, buy the company report.
Recent activity
Elevate Education Technology Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Ashish Munjal was appointed as Director on 16 Jan 2019.
AGM
Elevate Education Technology Private Limited last Annual general meeting of members was held on 23 Dec 2025 as per latest MCA records.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 25.00 Lakh with Charge ID 101107362 was registered on 21 May 2025.
Filing
Elevate Education Technology Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
A charge registered on 04 May 2022 via Charge ID 100577874 with Others was fully satisfied on 20 Aug 2024.
Charges
A charge registered on 29 Dec 2020 via Charge ID 100470350 with Others was fully satisfied on 27 May 2024.
Charges
A charge registered on 08 Feb 2022 via Charge ID 100585115 with Others was fully satisfied on 18 Dec 2023.
Charges
A charge with Others amounted to Rs. 800.00 Lakh with Charge ID 100577874 was registered on 04 May 2022.
Charges
A charge with Others amounted to Rs. 4,000.00 Lakh with Charge ID 100585115 was registered on 08 Feb 2022.
Charges
A charge with Others amounted to Rs. 500.00 Lakh with Charge ID 100470350 was registered on 29 Dec 2020.
Appointed
Ashish Munjal was appointed as Director.
Appointed
Piyush Nangru was appointed as Director.
Incorporation
16 Jan 2019
Elevate Education Technology Private Limited was registered on 16 Jan 2019 with Roc Delhi I & aged 7 years 9 months as per MCA records.
News
Frequently asked questions
Elevate Education Technology is an active private limited company based in New Delhi, Delhi, India. The company works in k-12 and higher education institutions, within the education industry. It was incorporated on 16 January 2019 (7+ years old) and is registered under CIN U80301DL2019PTC344542.
Elevate Education Technology has 2 current directors:
- Ashish Munjal - Director
- Piyush Nangru - Director
The latest financial statements of Elevate Education Technology on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 December 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Elevate Education Technology is 06ABBCS4424R1ZY, registered in Haryana.
The CIN (Corporate Identification Number) of Elevate Education Technology is U80301DL2019PTC344542. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elevate Education Technology has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending.
Elevate Education Technology was incorporated on 16 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Elevate Education Technology has 22 deals on record (14 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹675.1 Cr; the latest was in July 2026.
The peers of Elevate Education Technology by revenue are Nord Anglia Education Infrastructure Private Limited, Pigeon Education Technology India Private Limited, Enlearn Education Private Limited, Nachimuthu Industrial Association, all in the Education industry (Education, Education Technology, K12 and Higher Education), with the same principal business activity (educational support services).
Ashish Munjal was appointed as Director on 16 Jan 2019. Piyush Nangru was appointed as Director on 16 Jan 2019.
Yes, Elevate Education Technology is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages