Istar Skill Development Private Limited

Istar Skill Development Private Limited - education in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U74910KA2009PTC051779 Incorporated 08 December 2009 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company education MSME · Small
Data last updated
Revenue · FY 2025
₹5.07 Cr
▼ 49% YoY
Net loss · FY 2025
₹17.23 Cr
Net margin -339.8%
EBITDA · FY 2025
-₹16.61 Cr
EBITDA margin -327.7%
Authorised capital
₹16.84 Cr
Registered with MCA
Paid-up capital
₹16.47 Cr
Issued & subscribed
Satisfied charges
₹22.25 Cr
No open charges
Company age
17 yrs
Est. 2009
Employees · EPFO
68
Provident fund records

About Istar Skill Development Private Limited

Data last updated:

Istar Skill Development 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 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, 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 3 cases involving the company, including 1 filed by the company and 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. 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.

Istar Skill Development Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0061921). 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.

Company details

CIN U74910KA2009PTC051779
Registration Number 051779
Incorporation Date 08 December 2009
ROC Bangalore
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 Small
Udyam Registration UDYAM-KR-03-0061921
Key People
Sreeraman Vaidyanathan Director Shailesh Lakhani Nominee Director

Recognitions & Rankings of Istar Skill Development

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-KR-03-0061921

Contact details

Istar Skill Development Private Limited's registered office is in Bangalore, Karnataka. Its website is salesken.ai. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    salesken.ai
  • Social Media
  • Registered Address
    63/1 3rd Main Road, 18th Cross Malleshwaram, Bangalore, Karnataka, India – 560055
  • Industry
    Education, Corporate Training & Development

To see the full contact details of Istar Skill Development Private Limited, buy the company report.

Comprehensive company report
Istar Skill Development 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
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Brands

Istar Skill Development operates two associated brands: iSTAR Skill Development and Salesken. Each brand links to its own profile.

BrandDescriptionWebsite
iSTAR Skill Development
Center of education providing skill development programsistarindia.com
Salesken
AI powered sales enablement platform for enterprisessalesken.ai

Business activity

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 codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communicationJ2Publishing of computer operating systems, system software, application software, games, etc.

To see the full business activity and turnover split of Istar Skill Development Private Limited, buy the company report.

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.

Revenue · FY 2025
₹5.07 Cr ▼ 49%
Net loss · FY 2025
₹17.23 Cr margin -339.8%
EBITDA · FY 2025
-₹16.61 Cr margin -327.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 49%
3 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▲ 33%
3 years · compounded
▲ 36%
5 years · compounded
▼ 16%

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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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
Fixed Assets
Investments
Inventories
Trade Receivables
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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

To see the full financial statements and ratios of Istar Skill Development Private Limited, buy the company report.

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Sreeraman Vaidyanathan
Also directs: Yikes Technology Private Limited
Director08 Dec 200916 Years 10 MonthsCurrent
Shailesh Lakhani
Also directs: Ambition Capital Management LLP, Ambition Capital Manager I LLP, Ambition Founders LLP and 5 more
Nominee Director31 Jan 20206 Years 8 MonthsCurrent
View all directors

Auditor

Istar Skill Development Private Limited is audited by VARAPRASAD & CO for the financial year 2022.

Auditor firmFinancial yearFirm registration number
VARAPRASAD & COFY 2022016319S

Shareholding

The shareholding of Istar Skill Development 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Istar Skill Development Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹22.25 Cr
Breakdown by lending institutions
Others₹20.25 Cr
Dena Bank₹1.00 Cr
National Skill Development Corporation₹1.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
06 Sep 2021100508984Others₹10 CrSatisfied
20 Apr 2021100440925Others₹7.5 CrSatisfied
13 Mar 2019100252671Others₹1.25 CrSatisfied
24 Aug 2018100206124Others₹1.5 CrSatisfied
11 Sep 2017100124555Dena Bank₹1 CrSatisfied

To see the full charge records of Istar Skill Development Private Limited, buy the company report.

Total charge records: 6 View all charges

Deals & funding

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.

Total deals
15
Funding rounds
11
Debt financings
2
Secondary share transfers
2
Disclosed funding
₹263.33 Cr

Deals on record (5 of 15)

WhenDealAmountParties
Jul 2022Funding round · Series C₹1.88 CrInvestors: InnoVen Capital
Dec 2021Funding round · Series C₹165.26 CrInvestors: M12, Peak XV Partners (Sequoia India and SEA), Giangels Salesken LLC
Sep 2021Debt financing₹10 CrInvestors: Stride Ventures
Apr 2021Debt financing₹7.5 CrInvestors: InnoVen Capital
Apr 2015Funding round · Series A₹99.9 LakhInvestors: Unitus Ventures

To see the full deal history of Istar Skill Development Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

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)

SupplierAmount dueDue sinceReported on
BMP & Co. LLP

To see the full MSME payment records of Istar Skill Development Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Istar Skill Development Private Limited has a workforce of 68 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.

Employee count
68
Active EPFO establishments
1
Employee growth
-39.82%

GST

Istar Skill Development has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AACCI2649L1Z6KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Istar Skill Development Private Limited, buy the company report.

Recent activity

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.

AGM
Istar Skill Development Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Istar Skill Development Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Mukesh Kumar Mittal ceased to be Company Secretary.
Charges
A charge registered on 20 Apr 2021 via Charge ID 100440925 with Others was fully satisfied on 07 Feb 2024.
Charges
A charge registered on 06 Sep 2021 via Charge ID 100508984 with Others was fully satisfied on 19 Jan 2024.
Appointed
Mukesh Kumar Mittal was appointed as Company Secretary.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100508984 was registered on 06 Sep 2021.
Charges
A charge with Others amounted to Rs. 7.50 Cr with Charge ID 100440925 was registered on 20 Apr 2021.
Charges
A charge registered on 13 Mar 2019 via Charge ID 100252671 with Others was fully satisfied on 07 Jan 2021.
Charges
A charge registered on 11 Sep 2017 via Charge ID 100124555 with Dena Bank was fully satisfied on 07 Jan 2021.
Appointed
Shailesh Lakhani was appointed as Nominee Director.
Charges
A charge registered on 24 Aug 2018 via Charge ID 100206124 with Others was fully satisfied on 05 Nov 2019.

10 earlier events are in the company report.

News

Frequently asked questions

Istar Skill Development 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 08 December 2009 (17+ years old) and is registered under CIN U74910KA2009PTC051779.

Istar Skill Development has 2 current directors:

The latest financial statements of Istar Skill Development 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 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 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district 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.

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.

Yes, Istar Skill Development is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0061921).

Istar Skill Development 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 latest return was filed on 07 Feb 2024.