About Elevate Education Technology Private Limited
Data last updated:
Elevate Education Technology Private Limited is a private limited company based in New, 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, 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 10 peer companies in the Education industry (Education, Education Technology, K12 and Higher Education) are compared by revenue, 5 larger and 5 smaller; the largest is Nord Anglia Education Infrastructure Private Limited.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address55 Second Floor Lane – 2 Westend Marg, Saidulajab Near Saket Metro Station, New, Delhi, India – 110030
- IndustryEducation, K-12 & Higher Education Institutions
- 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
- One PDF report, delivered after checkout
Business Activity of Elevate Education Technology Private Limited
The business activities of Elevate Education Technology 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 |
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 Elevate Education Technology Private Limited FY 2025 filings available
Elevate Education Technology Private Limited reported revenue of ₹80.56 Cr (up 37% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Elevate Education Technology Private Limited
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 of Elevate Education Technology Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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| 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Elevate Education Technology Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Elevate Education Technology are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Elevate Education Technology Private Limited
Elevate Education Technology Private Limited is compared with the companies closest to it by revenue in the Education industry (Education, Education Technology, K12 and Higher Education). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nord Anglia Education Infrastructure Private Limited | •••• | •••• | •••• | •••• | - | Shaikpet, Telangana, India |
| Pigeon Education Technology India Private Limited | •••• | •••• | •••• | •••• | 577 | Bangalore South, Karnataka, India |
| Ethos Elite Garments Private Limited | •••• | •••• | •••• | •••• | 10 | Mumbai, Maharashtra, India |
| Global Educational Consultancy Services Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Penpencil Edu Services Private Limited | •••• | •••• | •••• | •••• | 32 | Delhi, India |
| Elevate Education Technology Private Limited this company | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Progressive Curriculum Management P Ltd | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Enlearn Education Private Limited | •••• | •••• | •••• | •••• | 71 | Mumbai, Maharashtra, India |
| Late Radhikabai Meghe Mahila Shikshan Sanstha | •••• | •••• | •••• | •••• | - | Nagpur, Maharashtra, India |
| Nachimuthu Industrial Association | •••• | •••• | •••• | •••• | - | Pollachi, Tamil Nadu, India |
| Barpun Solutions Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Elevate Education Technology by revenue in the Education industry (Education, Education Technology, K12 and Higher Education), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Elevate Education Technology Private Limited
Elevate Education Technology Private Limited is audited by A S R & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A S R & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Elevate Education Technology Private Limited
Elevate Education Technology has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Munjal | Director | 16 Jan 2019 | 7 Years 8 Months | Current |
| Piyush Nangru | Director | 16 Jan 2019 | 7 Years 8 Months | Current |
Ownership and Shareholding of Elevate Education Technology Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Elevate Education Technology Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 May 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹25 Lakh | Open |
| 04 May 2022 | Others | ₹8 Cr | Satisfied |
| 08 Feb 2022 | Others | ₹40 Cr | Satisfied |
| 29 Dec 2020 | Others | ₹5 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Elevate Education Technology Private Limited
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.
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 |
Full deal history
All 22 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 Elevate Education Technology Private Limited
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. Status as checked between 21 Sep 2026 and 03 Oct 2026.
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 | 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 |
Full case history
All 4 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
- Opposite parties
- Decision dates and orders
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.
Associated Brands with Elevate Education Technology Private Limited
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 |
Employees and EPFO Compliance at Elevate Education Technology Private Limited
Employment history and EPFO contributions of people linked to Elevate Education Technology.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Elevate Education Technology Private Limited
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.
| Company Name | CIN | Shares Held |
|---|---|---|
| Set Education Technology Private Limited | U80900DL2022PTC398002 | Locked |
Showing major subsidiaries. Total: 1.
News related to Elevate Education Technology Private Limited
Recent Activity on Elevate Education Technology Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Elevate Education Technology Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Elevate Education Technology Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Elevate Education Technology Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Elevate Education Technology Private Limited
Elevate Education Technology has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06ABBCS4424R1ZY | Haryana | Active | 19 Nov 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Elevate Education Technology Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Elevate Education Technology Private Limited
Elevate Education Technology is an active private limited company based in New, 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 reported revenue of ₹80.56 Cr for FY 2025 (up 37% YoY).
Elevate Education Technology has 2 current directors:
- Ashish Munjal - Director
- Piyush Nangru - Director
Elevate Education Technology reported a net loss of ₹42.29 Cr (net margin -52.5%) and EBITDA of -₹40.31 Cr (EBITDA margin -50%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elevate Education Technology is 64% over three years and 302% over five years. In the latest year (FY 2025) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
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, Ethos Elite Garments Private Limited, Global Educational Consultancy Services Private Limited, Penpencil Edu Services Private Limited and 5 more, all in the Education industry (Education, Education Technology, K12 and Higher Education).