About Greycells18 Media Limited
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Greycells18 Media Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Network18 Media & Investments Limited. It operates in the online education and learning platforms segment of the internet and digital services sector. It was incorporated on 22 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2006PLC274887. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹29.1 Cr. It was formerly known as Rk Finhold Private Limited. and Greycells18 Media Private Limited. It is led by directors including Lalit Kumar Jain and Kshipra Jatana.
Its last annual general meeting (AGM) was held on 31 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at First Floor Empire Complex 414 – Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.44 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹15.98 Lakh (net margin 1.7%) and EBITDA of ₹15.97 Lakh (EBITDA margin 1.7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Topperlearning. Court records list 4 cases involving the company, including 4 filed against it. The company has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹77.62 Cr; the latest was in May 2018.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website topperlearning.com.
Company details
Name history
Greycells18 Media has undergone 3 name changes throughout its history. The company was previously known as Rk Finhold Private Limited., Greycells18 Media Private Limited, and Rk Finhold Private Limited. The current legal name is Greycells18 Media Limited.
| Company Name | Status |
|---|---|
| Greycells18 Media Limited | Current |
| Rk Finhold Private Limited. | Previous |
| Greycells18 Media Private Limited | Previous |
| Rk Finhold Private Limited | Previous |
CIN history
Greycells18 Media has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65923MH2006PLC274887, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923MH2006PLC274887 | Current |
| U65923DL2006PTC150020 | Previous |
| U65923DL2006PLC150020 | Previous |
Contact details
Greycells18 Media Limited's registered office is in Mumbai, Maharashtra. Its website is topperlearning.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressFirst Floor Empire Complex 414 – Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryInternet, Online Education & Learning Platforms
To see the full contact details of Greycells18 Media 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
Greycells18 Media operates one associated brand: Topperlearning. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online learning resources and interactive tools are provided for students. | topperlearning.com |
Financials of Greycells18 Media Limited
FY 2025 filings availableGreycells18 Media Limited reported revenue of ₹9.44 Cr (down 9% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 85% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Total Revenue | ₹9.44 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹15.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.98 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.7% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Greycells18 Media Limited, buy the company report.
Board of directors and KMP of Greycells18 Media Limited
Greycells18 Media Limited currently reports 3 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Kumar Jain Also directs: Aetn18 Media Private Limited, Digital18 Media Private Limited | Director | 15 Nov 2018 | 7 Years 11 Months | Current |
| Kshipra Jatana Also directs: Ibn Lokmat News Private Limited, Aetn18 Media Private Limited, Digital18 Media Private Limited and 5 more | Director | 14 Aug 2012 | 14 Years 2 Months | Current |
| Vinay Chhajlani | Director | 08 May 2015 | 11 Years 5 Months | Current |
| Bindu Navinchandra Trivedi Also directs: Infomedia Press Limited, Colosceum Media Private Limited, Web18 Digital Services Limited and 2 more | Company Secretary | 10 Jan 2020 | 6 Years 9 Months | Current |
Auditor
Greycells18 Media Limited is audited by Chaturvedi & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Shah LLP | FY 2023 | 101720W/W100355 |
Shareholding
The shareholding of Greycells18 Media 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 Greycells18 Media Limited, buy the company report.
Deals & funding
Greycells18 Media Limited has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹77.62 Cr; the latest was in May 2018.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2018 | Acquisition | ₹17.46 Cr | Buyer: Network18 Media & Investments Limited |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: Capital18 Fincap Private Limited , 2 individuals Seller: 2 individuals |
| Dec 2013 | Funding round | ₹7.97 Cr | Investors: Rvt Finhold Private Limited, Educomp Solutions Limited |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Rvt Finhold Private Limited, Educomp Solutions Limited Seller: 2 individuals |
| Sep 2011 | Secondary share transfer | Undisclosed | Buyer: Capital18 Fincap Private Limited Seller: Network 18 Fund |
To see the full deal history of Greycells18 Media 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
Greycells18 Media Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
Cases on record (2 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Original application | Filed against the company by Assess People Private Limited | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed against the company by DGM India Internet Marketing(P) Ltd | Disposed |
To see the full case history of Greycells18 Media 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 Greycells18 Media Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Greycells18 Media Limited has a workforce of 30 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Greycells18 Media has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Greycells18 Media Limited, buy the company report.
Recent activity
Greycells18 Media Limited has 22 board changes on record since 2006: 13 appointments and 9 cessations. The latest: Gagan Kumar ceased to be Director on 16 Nov 2025.
13 earlier events are in the company report.
Frequently asked questions
Greycells18 Media is an active public limited company based in Mumbai, Maharashtra, India. The company works in online education and learning platforms, within the internet industry. It was incorporated on 22 June 2006 (20+ years old) and is registered under CIN U65923MH2006PLC274887.
Greycells18 Media has 4 current directors and KMP:
- Lalit Kumar Jain - Director
- Kshipra Jatana - Director
- Vinay Chhajlani - Director
- Bindu Navinchandra Trivedi - Company Secretary
The latest financial statements of Greycells18 Media on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 July 2025. Year-wise statements from 2015 are in the company report.
No. Greycells18 Media has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Greycells18 Media is U65923MH2006PLC274887. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Greycells18 Media has 4 court cases on record: 4 filed against it.
Greycells18 Media was incorporated on 22 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
Greycells18 Media has 12 deals on record (8 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹77.62 Cr; the latest was in May 2018.
Gagan Kumar ceased to be Director on 16 Nov 2025. Bindu Navinchandra Trivedi was appointed as Company Secretary on 10 Jan 2020. Lalit Kumar Jain was appointed as Director on 15 Nov 2018. Greycells18 Media has 22 board changes on record in total.
Greycells18 Media can be reached through the website topperlearning.com. Its registered office is in Mumbai, Maharashtra, India.
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