About Funfinity Learning Solutions Private Limited
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Funfinity Learning Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 30 October 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2014PTC077031. Its GSTIN is 29AACCF4815B1ZY (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹2.4 Cr and a paid-up capital of ₹81.95 Lakh. It is led by directors Viswanathan Ramakrishnan and Karthik Lakshman.
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 17 & 18 Jalaram Industrial Estate Bannerghatta Road Near Arekere Gate, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.83 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹1.35 Cr and EBITDA of -₹3.3 Lakh (EBITDA margin -180.8%). Revenue has declined at a compounded annual rate (CAGR) of 88% over three years and 72% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Magic Crate. As per MCA filings, the company has satisfied charges of ₹2.78 Cr on record. Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 21 deals on record (7 secondary share transfers, 5 funding rounds, 4 convertible or debt financings), with disclosed funding of ₹30.99 Cr; the latest was in February 2023. Its 3 peer companies in the Education industry (Corporate and Commercial Training, Office and School Supplies), with the same principal business activity (educational support services) are compared by revenue, 2 larger and 1 smaller; the largest is Edurup Education Private Limited with revenue of ₹1.84 Lakh.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website magiccrate.in.
Company details
Contact details
Funfinity Learning Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is magiccrate.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address17 & 18 Jalaram Industrial Estate Bannerghatta Road Near Arekere Gate, Bangalore, Karnataka, India – 560076
- IndustryEducation, Corporate Training & Development
To see the full contact details of Funfinity Learning Solutions 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
Funfinity Learning Solutions operates one associated brand: Magic Crate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Theme-based DIY activity kits for children are delivered monthly. | magiccrate.in |
Financials of Funfinity Learning Solutions Private Limited
FY 2024 filings availableFunfinity Learning Solutions Private Limited reported revenue of ₹1.83 Lakh (down 91% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 72% over five years, including a 91% fall in the latest year. EBITDA rose 91% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.3 Lakh | ||||
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| Net Profit (PAT) | -₹1.35 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -180.8% | ||||
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To see the full financial statements and ratios of Funfinity Learning Solutions Private Limited, buy the company report.
Board of directors of Funfinity Learning Solutions Private Limited
Funfinity Learning Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Viswanathan Ramakrishnan Also directs: Zenovate Consulting LLP | Director | 30 Oct 2014 | 11 Years 11 Months | Current |
| Karthik Lakshman Also directs: Zenovate Consulting LLP | Director | 09 Nov 2015 | 10 Years 11 Months | Current |
Peer comparison
Funfinity Learning Solutions Private Limited is compared with the 3 companies closest to it by revenue in the Education industry (Corporate and Commercial Training, Office and School Supplies), 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 |
|---|---|---|---|---|---|---|
| Edurup Education Private Limited | ₹1.84 Lakh (FY 2023) | Bangalore, Karnataka, India | ||||
| Leadership Tribe Private Limited | ₹1.84 Lakh (FY 2025) | -95.0% | Bengaluru, Karnataka, India | |||
| Funfinity Learning Solutions Private Limitedthis company | ₹1.83 Lakh (FY 2024) | -₹1.35 Cr | -91.0% | 46 | Bangalore, Karnataka, India | |
| Eduvest Connect Private Limited | ₹1.81 Lakh (FY 2025) | -90.0% | Indore, Madhya Pradesh, India |
To see the full peer comparison of Funfinity Learning Solutions Private Limited, buy the company report.
Auditor
Funfinity Learning Solutions Private Limited is audited by ADITHYA AND VISHWAS for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITHYA AND VISHWAS | FY 2023 | 008943S |
Shareholding
The shareholding of Funfinity Learning Solutions 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 Funfinity Learning Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2021 | 100427393 | Others | ₹43 Lakh | Satisfied | |
| 05 Dec 2020 | 100427265 | Others | ₹35 Lakh | Satisfied | |
| 06 Nov 2020 | 100427262 | Others | ₹50 Lakh | Satisfied | |
| 24 Jun 2020 | 100346380 | Sidbi | ₹1.5 Cr | Satisfied |
To see the full charge records of Funfinity Learning Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Funfinity Learning Solutions Private Limited has 21 deals on record (7 secondary share transfers, 5 funding rounds, 4 convertible or debt financings), with disclosed funding of ₹30.99 Cr; the latest was in February 2023.
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Seller: 4 individuals |
| Feb 2023 | Rights issue | ₹14.88 Cr | Investors: 4 individuals |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: Fireside Ventures, 2 individuals Seller: 4 individuals |
| Dec 2020 | Debt financing | ₹78 Lakh | Investors: Dss Investments, Ankit Mukesh Daftery HUF, 2 individuals |
| Nov 2020 | Debt financing | ₹50 Lakh | Investors: 4 individuals |
To see the full deal history of Funfinity Learning Solutions 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
Funfinity Learning Solutions Private Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 2 | 2 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Smartworks Coworking Spaces Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Smartworks Coworking Spaces Private Limited | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by Flinto Learning Solutions Private Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by Finto Learning Solutions Pvt Ltd | Disposed |
To see the full case history of Funfinity Learning Solutions 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 Funfinity Learning Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Funfinity Learning Solutions Private Limited has a workforce of 46 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Funfinity Learning Solutions has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCF4815B1ZY | Karnataka | Active | 01 Jul 2017 |
| 33AACCF4815B1Z9 | Tamil Nadu | Active | 07 Jun 2018 |
To see the full GST registrations and return filing status of Funfinity Learning Solutions Private Limited, buy the company report.
Recent activity
Funfinity Learning Solutions Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Vettakkorumakankav Siva Subramaniam Sitaram ceased to be Additional Director on 29 Sep 2018.
4 earlier events are in the company report.
Frequently asked questions
Funfinity Learning Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 30 October 2014 (12+ years old) and is registered under CIN U74900KA2014PTC077031.
Funfinity Learning Solutions has 2 current directors:
- Viswanathan Ramakrishnan - Director
- Karthik Lakshman - Director
The latest financial statements of Funfinity Learning Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Funfinity Learning Solutions is 29AACCF4815B1ZY, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 33AACCF4815B1Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of Funfinity Learning Solutions is U74900KA2014PTC077031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Funfinity Learning Solutions has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the district courts.
Funfinity Learning Solutions was incorporated on 30 October 2014, making it 12+ years old. It is registered with the Registrar of Companies, Bangalore.
Funfinity Learning Solutions has 21 deals on record (7 secondary share transfers, 5 funding rounds, 4 convertible or debt financings), with disclosed funding of ₹30.99 Cr; the latest was in February 2023.
The peers of Funfinity Learning Solutions by revenue are Edurup Education Private Limited, Leadership Tribe Private Limited, Eduvest Connect Private Limited, all in the Education industry (Corporate and Commercial Training, Office and School Supplies), with the same principal business activity (educational support services).
Vettakkorumakankav Siva Subramaniam Sitaram ceased to be Additional Director on 29 Sep 2018. Karthik Lakshman ceased to be Additional Director on 31 Dec 2015. Karthik Lakshman was appointed as Director on 09 Nov 2015. Funfinity Learning Solutions has 5 board changes on record in total.
Funfinity Learning Solutions can be reached through the website magiccrate.in. Its registered office is in Bangalore, Karnataka, India.