India's Richest People 2026 edition · 1 director · Source: Hurun India
- #127 Ajay Piramal ₹26,800 Cr
Revenue · FY 2025
₹106.3 Cr
▲ 44% YoY
Net profit · FY 2025
₹3.33 Cr
Net margin 3.1%
EBITDA · FY 2025
₹6.17 Cr
EBITDA margin 5.8%
Company age
18 yrs
Est. 2008
Employees · EPFO
415
Provident fund records
Directors on board
3
As per MCA filings
Active GSTINs
6
GST registered
Brands
1
Associated brands
About Kaivalya Education Foundation
Data last updated:
Kaivalya Education Foundation is a private not for profit company based in Mumbai, Maharashtra, India, a subsidiary of Piramal Foundation. It operates in the educational content providers segment of the education sector. It was incorporated on 19 November 2008 and has been in existence for over 18 years.
Its director Ajay Piramal is #127 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80211MH2008NPL188322. Its GSTIN is 27AADCK5957A1ZL (Maharashtra). The company holds 6 GST registrations, all of them active.
It is led by directors including Ajay Gopikisan Piramal and Madhav Yashwant Chavan.
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 02nd Floor Piramal Ananta Piramal Agastya Corporate Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹106.3 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹3.33 Cr (net margin 3.1%) and EBITDA of ₹6.17 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 34% over five years.
The company has about 415 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Kaivalya.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kaivalyaeducation.org.
Company Details of Kaivalya Education Foundation
CIN U80211MH2008NPL188322
Registration Number 188322
Incorporation Date 19 November 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Piramal Foundation
Compliance Status Active Compliant
Recognitions & Rankings of Kaivalya Education Foundation
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address02nd Floor Piramal Ananta Piramal Agastya Corporate Park Lbs Marg, Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryEducation, Educational Content Providers, Corporate Training & Development
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Associated Brands with Kaivalya Education Foundation
Kaivalya Education Foundation operates one associated brand: Kaivalya. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Transforms Indian education by enhancing leadership in schools and districts. | kaivalyaeducation.org |
Business Activity of Kaivalya Education Foundation
The main business activity of Kaivalya Education Foundation is education. In detail, this covers sports, recreation, cultural and other education.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| P | Education | P3 | Sports, recreation, cultural and other education | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Kaivalya Education Foundation FY 2025 filings available
Kaivalya Education Foundation reported revenue of ₹106.3 Cr (up 44% YoY) for FY 2025.
Revenue · FY 2025
₹106.3 Cr ▲ 44%
Net profit · FY 2025
₹3.33 Cr margin 3.1%
EBITDA · FY 2025
₹6.17 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR) of Kaivalya Education Foundation
Revenue CAGR growth
1 year
▲ 44%
3 years · compounded
▲ 37%
5 years · compounded
▲ 34%
EBITDA CAGR growth
1 year
▲ 125%
3 years · compounded
▲ 52%
5 years · compounded
▲ 85%
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 44% growth in the latest year. EBITDA rose 125% 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 Kaivalya Education Foundation
| 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 | ₹6.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.33 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Kaivalya Education Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 Kaivalya Education Foundation are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Kaivalya Education Foundation
Kaivalya Education Foundation has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Gopikisan Piramal | Director | 19 Nov 2008 | 17 Years 11 Months | Current |
| Madhav Yashwant Chavan | Director | 21 Mar 2018 | 8 Years 7 Months | Current |
| Aditya Natraj | Director | 18 Dec 2008 | 17 Years 10 Months | Current |
Peer Comparison of Kaivalya Education Foundation
Kaivalya Education Foundation is compared with the companies closest to it by revenue in the Education industry (Corporate and Commercial Training, Education, Education Content Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S I P Academy India Private Limited | ₹110.21 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Chennai, Tamil Nadu, India |
| Motion Education Private Limited | ₹110.13 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Kota, Rajasthan, India |
| United Eduplus Private Limited | ₹109.73 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Gandhinagar, Gujarat, India |
| Indore Education and Services Foundation | ₹108.93 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Indore, Madhya Pradesh, India |
| Aress Software and Education Technologies Private Limited | ₹108.65 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Nashik, Maharashtra, India |
| Kaivalya Education Foundation this company | ₹106.3 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Mumbai, Maharashtra, India |
| Mosaic Workskills Private Limited | ₹105.5 Cr (FY 2025) | •••• | •••• | 314.0% | •••• | Indore, Madhya Pradesh, India |
| BW Ecommerce Private Limited | ₹105.33 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | New Delhi, Delhi, India |
| Medhavi Foundation | ₹105.09 Cr (FY 2025) | •••• | •••• | 114.0% | •••• | New Delhi, Delhi, India |
| Magus Groups Development Private Limited | ₹104.01 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Thane, Maharashtra, India |
| Made Easy Learnings Private Limited | ₹103.62 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Kaivalya Education Foundation by revenue in the Education industry (Corporate and Commercial Training, Education, Education Content Providers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Kaivalya Education Foundation
Kaivalya Education Foundation is audited by Lodha & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Lodha & Co. | Locked | Locked | Locked |
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Ownership and Shareholding of Kaivalya Education Foundation
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Charges & Borrowings of Kaivalya Education Foundation
Kaivalya Education Foundation does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Kaivalya Education Foundation
Kaivalya Education Foundation has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Iris Regtech Solutions Limited | •••• | •••• | •••• |
| Eklavya Foundation | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Kaivalya Education Foundation
Kaivalya Education Foundation has a workforce of 415 employees as of Apr 07, 2024.
Employee count
415
Active EPFO establishments
1
Employee growth
110.66%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Kaivalya Education Foundation
Kaivalya Education Foundation has 8 board changes on record since 2008: 3 appointments and 5 cessations. The latest: Madhav Yashwant Chavan ceased to be Additional Director on 25 Sep 2018.
AGM
Kaivalya Education Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kaivalya Education Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Madhav Yashwant Chavan ceased to be Additional Director.
Ceased
Anand Ajay Piramal ceased to be Additional Director.
Appointed
Madhav Yashwant Chavan was appointed as Director.
Ceased
Debasish Mitter ceased to be Director.
Ceased
Narayanan Vaghul ceased to be Director.
Ceased
Chittaranjan Kaul ceased to be Director.
Appointed
Aditya Natraj was appointed as Director.
Appointed
Ajay Gopikisan Piramal was appointed as Director.
Incorporation
19 Nov 2008
Kaivalya Education Foundation was registered on 19 Nov 2008 with Roc Mumbai & aged 17 years 11 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Kaivalya Education Foundation
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Subsidiaries & Group Companies of Kaivalya Education Foundation
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GST Compliance of Kaivalya Education Foundation
Kaivalya Education Foundation has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK5957A1ZL | Maharashtra | Active | 26 Jul 2017 |
| 24AADCK5957A1ZR | Gujarat | Active | 10 Aug 2017 |
| 05AADCK5957A1ZR | Uttarakhand | Active | 24 Aug 2017 |
| 06AADCK5957A1ZP | Haryana | Active | 24 Aug 2017 |
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MCA Filings & Documents of Kaivalya Education Foundation
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Frequently Asked Questions about Kaivalya Education Foundation
Kaivalya Education Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in educational content providers, within the education industry. It was incorporated on 19 November 2008 (18+ years old) and is registered under CIN U80211MH2008NPL188322.
Kaivalya Education Foundation reported revenue of ₹106.3 Cr for FY 2025 (up 44% YoY).
Kaivalya Education Foundation has 3 current directors:
- Ajay Gopikisan Piramal - Director
- Madhav Yashwant Chavan - Director
- Aditya Natraj - Director
Kaivalya Education Foundation reported a net profit of ₹3.33 Cr (net margin 3.1%) and EBITDA of ₹6.17 Cr (EBITDA margin 5.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kaivalya Education Foundation is 37% over three years and 34% over five years. In the latest year (FY 2025) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kaivalya Education Foundation is 27AADCK5957A1ZL, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 24AADCK5957A1ZR (Gujarat), 05AADCK5957A1ZR (Uttarakhand), 06AADCK5957A1ZP (Haryana).
The CIN (Corporate Identification Number) of Kaivalya Education Foundation is U80211MH2008NPL188322. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kaivalya Education Foundation was incorporated on 19 November 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kaivalya Education Foundation by revenue are S I P Academy India Private Limited, Motion Education Private Limited, United Eduplus Private Limited, Indore Education and Services Foundation, Aress Software and Education Technologies Private Limited and 5 more, all in the Education industry (Corporate and Commercial Training, Education, Education Content Providers).
Madhav Yashwant Chavan ceased to be Additional Director on 25 Sep 2018. Anand Ajay Piramal ceased to be Additional Director on 21 Mar 2018. Madhav Yashwant Chavan was appointed as Director on 21 Mar 2018. Kaivalya Education Foundation has 8 board changes on record in total.
Kaivalya Education Foundation has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 2 micro and small suppliers. The latest return was filed on 23 Apr 2024.
Kaivalya Education Foundation can be reached through the website kaivalyaeducation.org. Its registered office is in Mumbai, Maharashtra, India.