MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0041700
Imarticus Learning Private Limited - education in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹218.41 Cr
▲ 24.99% YoY
Net loss · FY 2025
₹15.3 Cr
Net margin -7%
EBITDA · FY 2025
₹7.89 Cr
EBITDA margin 3.6%
Authorised capital
₹13 Cr
Registered with MCA
Paid-up capital
₹2.07 Lakh
Issued & subscribed
Open charges
₹54.95 Cr
Satisfied ₹15 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
709
Provident fund records
About Imarticus Learning Private Limited
Data last updated:
Imarticus Learning Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the corporate training and development segment of the education sector. It was incorporated on 09 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2012PTC230745. Its GSTIN is 27AACCI9233Q1ZY (Maharashtra). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹13 Cr and a paid-up capital of ₹2.07 Lakh. It is led by directors including Nikhil Ajeet Barshikar (Managing Director) and Amit Arvind Ratanpal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Hdil Kaledonia Sadar Road Andheri East Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2025, the company reported a revenue of ₹218.41 Cr. For the same year it recorded a net loss of ₹15.3 Cr (net margin -7%) and EBITDA of ₹7.89 Cr (EBITDA margin 3.6%).
The company has about 709 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: The Climber and Imarticus Learning. As per MCA filings, the company has open charges of ₹54.95 Cr and satisfied charges of ₹15 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 3 cases are pending. The company has 16 deals on record (10 funding rounds, 3 rights issues, 2 debt financings), with disclosed funding of ₹153.17 Cr; the latest was in January 2026. The company has 8 MSME Form 1 returns on record between 2018 and 2023, listing 85 overdue payments to 26 micro and small suppliers.
Imarticus Learning Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0041700). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website imarticus.org.
Company details
CIN U74900MH2012PTC230745
Registration Number 230745
Incorporation Date 09 May 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0041700
Key People
Nikhil Ajeet Barshikar Managing Director Amit Arvind Ratanpal Director Amit Indravadan Nanavati Director Recognitions & Rankings of Imarticus Learning
Contact details
Imarticus Learning Private Limited's registered office is in Mumbai, Maharashtra. Its website is imarticus.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address5th Floor Hdil Kaledonia Sadar Road Andheri East Mumbai, Maharashtra, India – 400058
- IndustryEducation, Corporate Training & Development
To see the full contact details of Imarticus Learning Private Limited, buy the company report.
Comprehensive company report
Imarticus Learning 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
Imarticus Learning operates two associated brands: The Climber and Imarticus Learning. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| E-learning platform offering courses in business, content, design, and product for skill acquisition and job readiness. | theclimber.in | |
| Job-oriented courses and programs are offered to professionals and freshers. | imarticus.org |
Business activity
The main business activity of Imarticus Learning is education. In detail, this covers higher education, technical & vocational education.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P2 | Higher education, technical & vocational education |
To see the full business activity and turnover split of Imarticus Learning Private Limited, buy the company report.
Financials of Imarticus Learning Private Limited
FY 2025 filings availableImarticus Learning Private Limited reported revenue of ₹218.41 Cr for FY 2025.
Revenue · FY 2025
₹218.41 Cr
Net loss · FY 2025
₹15.3 Cr margin -7%
EBITDA · FY 2025
₹7.89 Cr margin 3.6%
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 | ₹7.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹15.3 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 | 3.6% | ||||
| Net Profit Margin | -7% | ||||
| 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 Imarticus Learning Private Limited, buy the company report.
Board of directors of Imarticus Learning Private Limited
Imarticus Learning has 6 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Arvind Ratanpal Also directs: Quick Cashflow Capital Private Limited, Blinc Investment Management Private Limited, Famescore Private Limited and 3 more | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Nikhil Ajeet Barshikar | Managing Director | 09 May 2012 | 14 Years 5 Months | Current |
| Amit Indravadan Nanavati Also directs: Bralco Additive Private Limited | Director | 30 Mar 2015 | 11 Years 7 Months | Current |
| Sonya Ajeet Barshikar Also directs: Skillera Tech Private Limited, Casa VSS LLP | Director | 09 May 2012 | 14 Years 5 Months | Current |
| Vishal Bharat Also directs: Cba Capital Private Limited, Alwar General Finance Co. Pvt. Ltd., Corporate Business Advisors Private Limited and 1 more | Nominee Director | 05 Jul 2018 | 8 Years 3 Months | Current |
| Cheow Kiat Ang | Director | 10 Apr 2026 | 0 Years 6 Months | Current |
Auditor
Imarticus Learning Private Limited is audited by Walker Chandiok & Co LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2025 | 001076N/ N500013 |
Shareholding
The shareholding of Imarticus Learning Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Imarticus Learning Private Limited, buy the company report.
Charges & borrowings
Open charges
₹54.95 Cr
Satisfied charges
₹15 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Feb 2025 | 101078338 | Others | ₹50 Cr | Open | |
| 19 Nov 2019 | 100314039 | Others | ₹4.95 Cr | Open | |
| 21 Aug 2024 | 100973532 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Imarticus Learning Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Imarticus Learning Private Limited has 16 deals on record (10 funding rounds, 3 rights issues, 2 debt financings), with disclosed funding of ₹153.17 Cr; the latest was in January 2026.
Total deals
16
Funding rounds
10
Rights issues
3
Debt financings
2
Secondary share transfer
1
Disclosed funding
₹153.17 Cr
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2026 | Debt financing | ₹20 Cr | Investors: SMMS Trust |
| Feb 2025 | Debt financing | ₹30 Cr | Investors: SMMS Trust |
| Nov 2024 | Funding round · Series D | ₹18.32 Cr | Investors: Climber Knowledge & Careers Private Limited |
| Apr 2023 | Funding round · Series C | ₹46.03 Cr | Investors: Hero Corporate Service Private Limited , Hero Enterprise Partner Ventures |
| Jul 2022 | Funding round · Series B | ₹7.93 Cr | Investors: Graffiti Investments, Caspian Advisors, CBA Capital |
To see the full deal history of Imarticus Learning 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
Imarticus Learning Private Limited has 3 court cases on record: 1 filed by Imarticus Learning, 2 filed against it. All cases are pending.
Total cases
3
Filed by the company
1
Filed against the company
2
Pending
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 3 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by A. Dayana | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Google India Private Limited and 1 other | Pending |
| District court, New Delhi, Delhi | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Imarticus Learning 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
Imarticus Learning Private Limited has 8 MSME Form 1 returns on record between 2018 and 2023, listing 85 overdue payments to 26 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Digisarv Technologies Private Limited | |||
| Stravium Intelligence LLP | |||
| Spiraea Services Private Limited | |||
| an individual supplier | |||
| Spark TG Info Private Limited |
To see the full MSME payment records of Imarticus Learning Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Imarticus Learning has 1 subsidiary company. This group structure data is as of FY 2025. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Skillera Tech Private Limited | U80904DL2007PTC163580 |
To see the full group structure of Imarticus Learning Private Limited, buy the company report.
Employees & EPFO
Imarticus Learning Private Limited has a workforce of 709 employees on its EPFO records as of Dec 30, 2025, across 1 active EPFO establishment.
Employee count
709
Active EPFO establishments
1
Employee growth
17.97%
GST
Imarticus Learning has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCI9233Q1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AACCI9233Q2ZX | Maharashtra | Active | 28 Mar 2025 |
| 29AACCI9233Q1ZU | Karnataka | Active | 03 Nov 2023 |
| 09AACCI9233Q1ZW | Uttar Pradesh | Active | 30 May 2024 |
To see the full GST registrations and return filing status of Imarticus Learning Private Limited, buy the company report.
Recent activity
Imarticus Learning Private Limited has 9 board changes on record since 2012: 6 appointments and 3 cessations. The latest: Cheow Kiat Ang was appointed as Director on 10 Apr 2026.
Appointed
Cheow Kiat Ang was appointed as Director.
Charges
A charge registered on 21 Aug 2024 via Charge ID 100973532 with Others was fully satisfied on 06 Feb 2026.
Charges
A charge with Others of Rs. 50.00 Cr registered on 10 Feb 2025 with Charge ID 101078338 was modified on 27 Jan 2026.
AGM
Imarticus Learning Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Imarticus Learning Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101078338 was registered on 10 Feb 2025.
Charges
A charge with Others of Rs. 15.00 Cr registered on 21 Aug 2024 with Charge ID 100973532 was modified on 27 Dec 2024.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100973532 was registered on 21 Aug 2024.
Charges
A charge with Others amounted to Rs. 4.95 Cr with Charge ID 100314039 was registered on 19 Nov 2019.
Appointed
Vishal Bharat was appointed as Nominee Director.
Ceased
Nikhil Ajeet Barshikar ceased to be Director.
Ceased
Amit Arvind Ratanpal ceased to be Additional Director.
6 earlier events are in the company report.
News
Frequently asked questions
Imarticus Learning is an active private limited company based in Mumbai, Maharashtra, India. The company works in corporate training and development, within the education industry. It was incorporated on 09 May 2012 (14+ years old) and is registered under CIN U74900MH2012PTC230745.
Imarticus Learning has 6 current directors:
- Nikhil Ajeet Barshikar - Managing Director
- Amit Arvind Ratanpal - Director
- Amit Indravadan Nanavati - Director
- Sonya Ajeet Barshikar - Director
- Vishal Bharat - Nominee Director
- Cheow Kiat Ang - Director
The latest financial statements of Imarticus Learning on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Imarticus Learning is 27AACCI9233Q1ZY, registered in Maharashtra. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AACCI9233Q2ZX (Maharashtra), 29AACCI9233Q1ZU (Karnataka), 09AACCI9233Q1ZW (Uttar Pradesh).
The CIN (Corporate Identification Number) of Imarticus Learning is U74900MH2012PTC230745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Imarticus Learning has 3 court cases on record: 1 filed by the company and 2 filed against it. 3 are pending.
Imarticus Learning was incorporated on 09 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Imarticus Learning has 16 deals on record (10 funding rounds, 3 rights issues, 2 debt financings), with disclosed funding of ₹153.17 Cr; the latest was in January 2026.
Cheow Kiat Ang was appointed as Director on 10 Apr 2026. Vishal Bharat was appointed as Nominee Director on 05 Jul 2018. Nikhil Ajeet Barshikar ceased to be Director on 06 Mar 2017. Imarticus Learning has 9 board changes on record in total.
Yes, Imarticus Learning is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0041700).
Imarticus Learning has 8 MSME Form 1 returns on record between 2018 and 2023, listing 85 overdue payments to 26 micro and small suppliers. The latest return was filed on 03 Nov 2023.
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