About Istar Skill Development Private Limited
Data last updated:
Istar Skill Development Private Limited is a private limited company based in Bangalore North, Karnataka, India, recognised as a startup by DPIIT. It operates in the corporate training and development segment of the education sector. It was incorporated on 08 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74910KA2009PTC051779. Its GSTIN is 29AACCI2649L1Z6 (Karnataka).
The company has an authorised share capital of ₹16.84 Cr and a paid-up capital of ₹16.47 Cr. It is led by directors Sreeraman Vaidyanathan and Shailesh Lakhani.
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 Bangalore North, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.07 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net loss of ₹17.23 Cr (net margin -339.8%) and EBITDA of -₹16.61 Cr (EBITDA margin -327.7%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years.
The company has about 68 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: iSTAR Skill Development and Salesken. As per MCA filings, the company has satisfied charges of ₹22.25 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 15 deals on record (11 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹263.33 Cr; the latest was in March 2023. Its 10 peer companies in the Education industry (Corporate and Commercial Training, Skill Development) are compared by revenue, 5 larger and 5 smaller; the largest is Antler Incubator Private Limited. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salesken.ai.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address63/1 3rd Main Road, 18th Cross Malleshwaram, Bangalore North, Karnataka, India – 560055
- IndustryEducation, Corporate Training & Development
- 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 Istar Skill Development Private Limited
The main business activity of Istar Skill Development is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Istar Skill Development Private Limited FY 2025 filings available
Istar Skill Development Private Limited reported revenue of ₹5.07 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Istar Skill Development Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over three years, including a 49% fall in the latest year. EBITDA rose 33% 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 Istar Skill Development 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹16.61 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹17.23 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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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Istar Skill Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -327.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -339.8% | •••• | •••• | •••• | •••• |
| 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 Istar Skill Development are in the company report.
Financial statements from 2015
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 Istar Skill Development Private Limited
Istar Skill Development Private Limited is compared with the companies closest to it by revenue in the Education industry (Corporate and Commercial Training, Skill Development). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Antler Incubator Private Limited | •••• | •••• | •••• | •••• | - | Bangaluru, Karnataka, India |
| Ignite Brains Healthcare & Education Solutions LLP | •••• | •••• | •••• | •••• | 13 | Mumbai, Maharashtra, India |
| Infinite Graphix Technologies Private Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Realize Your Potential Private Limited | •••• | •••• | •••• | •••• | - | Newdelhi, Delhi, India |
| Goldsmith Academy Private Limited | •••• | •••• | •••• | •••• | - | Madurai South, Tamil Nadu, India |
| Istar Skill Development Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| G C S Computer Technology Private Limited | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Fostering Linux Services Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Anucana Business Communication Private Limited | •••• | •••• | •••• | •••• | - | Kandivali East, Maharashtra, India |
| Bytes Softech Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Shahani Academic and Global Empowerment Foundation | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Istar Skill Development by revenue in the Education industry (Corporate and Commercial Training, Skill Development), 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 Istar Skill Development Private Limited
Istar Skill Development Private Limited is audited by VARAPRASAD & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VARAPRASAD & 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 Istar Skill Development Private Limited
Istar Skill Development has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sreeraman Vaidyanathan Also directs: Yikes Technology Private Limited | Director | 08 Dec 2009 | 16 Years 9 Months | Current |
| Shailesh Lakhani Also directs: Ambition Capital Management LLP, Ambition Capital Manager I LLP, Ambition Founders LLP and 5 more | Nominee Director | 31 Jan 2020 | 6 Years 8 Months | Current |
Ownership and Shareholding of Istar Skill Development 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 Istar Skill Development Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Sep 2021 | Others | ₹10 Cr | Satisfied |
| 20 Apr 2021 | Others | ₹7.5 Cr | Satisfied |
| 13 Mar 2019 | Others | ₹1.25 Cr | Satisfied |
| 24 Aug 2018 | Others | ₹1.5 Cr | Satisfied |
| 11 Sep 2017 | Dena Bank | ₹1 Cr | Satisfied |
Total charge records: 6 View all charges
Deals & Funding of Istar Skill Development Private Limited
Istar Skill Development Private Limited has 15 deals on record (11 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹263.33 Cr; the latest was in March 2023.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2022 | Funding round · Series C | ₹1.88 Cr | Investors: InnoVen Capital |
| Dec 2021 | Funding round · Series C | ₹165.26 Cr | Investors: M12, Peak XV Partners (Sequoia India and SEA), Giangels Salesken LLC |
| Sep 2021 | Debt financing | ₹10 Cr | Investors: Stride Ventures |
| Apr 2021 | Debt financing | ₹7.5 Cr | Investors: InnoVen Capital |
| Apr 2015 | Funding round · Series A | ₹99.9 Lakh | Investors: Unitus Ventures |
Full deal history
All 15 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 Istar Skill Development Private Limited
Istar Skill Development Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Sasken Technologies Limited | Disposed |
| Madras High Court | Court case ((T)OP(TM)) | Filed against the company by Sasken Technologies Private Limited | Disposed |
Full case history
All 2 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.
MSME Payment Delays by Istar Skill Development Private Limited
Istar Skill Development Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| BMP & Co. LLP | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Istar Skill Development Private Limited
Istar Skill Development operates two associated brands: iSTAR Skill Development and Salesken. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Center of education providing skill development programs | istarindia.com | |
| AI powered sales enablement platform for enterprises | salesken.ai |
Employees and EPFO Compliance at Istar Skill Development Private Limited
Istar Skill Development Private Limited has a workforce of 68 employees as of Apr 04, 2024.
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.
News related to Istar Skill Development Private Limited
Recent Activity on Istar Skill Development Private Limited
Istar Skill Development Private Limited has 7 board changes on record since 2009: 5 appointments and 2 cessations. The latest: Mukesh Kumar Mittal ceased to be Company Secretary on 16 Feb 2024.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Istar Skill Development 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.
Subsidiaries & Group Companies of Istar Skill Development 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 Istar Skill Development Private Limited
Istar Skill Development has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCI2649L1Z6 | Karnataka | Active | 01 Jul 2017 |
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 Istar Skill Development 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 Istar Skill Development Private Limited
Istar Skill Development is an active private limited company based in Bangalore North, Karnataka, India. The company works in corporate training and development, within the education industry. It was incorporated on 08 December 2009 (17+ years old) and is registered under CIN U74910KA2009PTC051779.
Istar Skill Development reported revenue of ₹5.07 Cr for FY 2025 (down 49% YoY).
Istar Skill Development has 2 current directors:
- Sreeraman Vaidyanathan - Director
- Shailesh Lakhani - Nominee Director
Istar Skill Development reported a net loss of ₹17.23 Cr (net margin -339.8%) and EBITDA of -₹16.61 Cr (EBITDA margin -327.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Istar Skill Development is -15% over three years. In the latest year (FY 2025) revenue fell 49%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Istar Skill Development is 29AACCI2649L1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Istar Skill Development is U74910KA2009PTC051779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Istar Skill Development has 2 court cases on record: 2 filed against it. Most are in the high courts.
Istar Skill Development was incorporated on 08 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Istar Skill Development has 15 deals on record (11 funding rounds, 2 debt financings, 2 secondary share transfers), with disclosed funding of ₹263.33 Cr; the latest was in March 2023.
The peers of Istar Skill Development by revenue are Antler Incubator Private Limited, Ignite Brains Healthcare & Education Solutions LLP, Infinite Graphix Technologies Private Limited, Realize Your Potential Private Limited, Goldsmith Academy Private Limited and 5 more, all in the Education industry (Corporate and Commercial Training, Skill Development).
Mukesh Kumar Mittal ceased to be Company Secretary on 16 Feb 2024. Mukesh Kumar Mittal was appointed as Company Secretary on 19 Aug 2023. Shailesh Lakhani was appointed as Nominee Director on 31 Jan 2020. Istar Skill Development has 7 board changes on record in total.