About Manipal Global Education Services Private Limited
Data last updated:
Manipal Global Education Services Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Manipal Academic Services International. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the corporate training and development segment of the education sector. It was incorporated on 22 October 2001.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2001PTC029678. Its GSTIN is 29AACCM6313P1Z1 (Karnataka). The company held 11 GST registrations, of which 7 are active.
The company had an authorised share capital of ₹88.1 Cr and a paid-up capital of ₹50.45 Cr. It was formerly known as Manipal Infocom India Private Limited and Manipal Universal Learning Private Limited. It was led by directors including Ravi Panchanadan and Ranjan Ramdas Pai.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Fifth Floor Prestige Emerald # 4 Madras Bank Road, Bangalore, Karnataka, India – 560001.
As per the financials filed for FY 2024, the company reported a revenue of ₹97.35 Cr, a decline of 77% compared to the previous year. For the same year it recorded a net profit of ₹2,176.84 Cr and EBITDA of ₹27.41 Cr (EBITDA margin 28.2%). Revenue has declined at a compounded annual rate (CAGR) of 47% over three years and 36% over five years.
The company had about 268 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 3 brands: UNext Learning, MedAce and Manipal Global. As per MCA filings, the company had open charges of ₹20 Cr and satisfied charges of ₹971.52 Cr on record. Court records list 17 cases involving the company, including 5 filed by the company and 12 filed against it; 1 case is pending. The company has 54 deals on record (44 secondary share transfers, 7 funding rounds, 2 rights issues), with disclosed funding of ₹4,529 Cr; the latest was in June 2025. Its 3 peer companies in the Education industry (Corporate and Commercial Training, Education), with the same principal business activity (educational support services) are compared by revenue, 2 larger and 1 smaller; the largest is Usdc Projects India Private Limited with revenue of ₹98.59 Cr. The company has 4 MSME Form 1 returns on record between 2023 and 2024, listing 253 overdue payments to 81 micro and small suppliers.
The last known website on record is manipalglobal.com.
Company details
Name history
Manipal Global Education Services has undergone 2 name changes throughout its history. The company was previously known as Manipal Infocom India Private Limited, and Manipal Universal Learning Private Limited. The current legal name is Manipal Global Education Services Private Limited.
| Company Name | Status |
|---|---|
| Manipal Global Education Services Private Limited | Current |
| Manipal Infocom India Private Limited | Previous |
| Manipal Universal Learning Private Limited | Previous |
Contact details
Manipal Global Education Services Private Limited's registered office is in Bangalore, Karnataka. Its website is manipalglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressFifth Floor Prestige Emerald # 4 Madras Bank Road, Bangalore, Karnataka, India – 560001
- IndustryEducation, Corporate Training & Development
To see the full contact details of Manipal Global Education Services Private 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
Manipal Global Education Services operates multiple associated brands including UNext Learning, MedAce, and Manipal Global. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers online courses and certifications in emerging technologies and professional development. | u-next.com | |
| A digital platform for learning and assessment for medical students. | manipalmedace.com | |
| University offering degrees in medicine, dentistry & foundation in science | manipalglobal.com |
Financials of Manipal Global Education Services Private Limited
FY 2024 filings availableManipal Global Education Services Private Limited reported revenue of ₹97.35 Cr (down 77% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 77% fall in the latest year. EBITDA fell 80% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹27.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2,176.84 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.2% | ||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
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To see the full financial statements and ratios of Manipal Global Education Services Private Limited, buy the company report.
Board of directors of Manipal Global Education Services Private Limited
Manipal Global Education Services has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravi Panchanadan Also directs: Butterfly Innovations Private Limited | Director | 01 Dec 2023 | 2 Years 11 Months | As last reported |
| Ranjan Ramdas Pai | Director | 01 Oct 2002 | 24 Years 1 Months | As last reported |
| Vaitheeswaran Seetharaman Also directs: Memg Fund Advisors LLP, Manipal Health Enterprises Limited, Manipalcigna Health Insurance Company Limited and 5 more | Director | 01 Jun 2018 | 8 Years 5 Months | As last reported |
| Rajesh Krishnaswamy Moorti | Director | 29 Jun 2022 | 4 Years 4 Months | As last reported |
Peer comparison
Manipal Global Education Services Private Limited is compared with the 3 companies closest to it by revenue in the Education industry (Corporate and Commercial Training, Education), with the same principal business activity (educational support services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Usdc Projects India Private Limited | ₹98.59 Cr (FY 2024) | 58.0% | Bengaluru, Karnataka, India | |||
| Bsa Edutech India Private Limited | ₹98.38 Cr (FY 2025) | 82.0% | Pune, Maharashtra, India | |||
| Manipal Global Education Services Private Limitedthis company | ₹97.35 Cr (FY 2024) | ₹2,176.84 Cr | -77.0% | 268 | Bangalore, Karnataka, India | |
| Career Will Information Centre Private Limited | ₹95.36 Cr (FY 2024) | -6.0% | Mohinder Garh, Haryana, India |
To see the full peer comparison of Manipal Global Education Services Private Limited, buy the company report.
Auditor
Manipal Global Education Services Private Limited is audited by M/S. B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/S. B S R & Co. LLP | FY 2023 | 101248W/W-100022 |
Shareholding
The shareholding of Manipal Global Education Services 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 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 Manipal Global Education Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2021 | 100488689 | Others | ₹30 Cr | Satisfied | |
| 26 Mar 2021 | 100437466 | Axis Bank Limited | ₹30 Cr | Satisfied | |
| 22 Jan 2021 | 100415004 | Others | ₹78 Cr | Satisfied | |
| 30 May 2018 | 100186337 | Others | ₹278 Cr | Satisfied | |
| 16 Mar 2018 | 100168532 | Others | ₹82.44 Lakh | Satisfied |
To see the full charge records of Manipal Global Education Services Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Manipal Global Education Services Private Limited has 54 deals on record (44 secondary share transfers, 7 funding rounds, 2 rights issues), with disclosed funding of ₹4,529 Cr; the latest was in June 2025.
Deals on record (5 of 54)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Debt financing | ₹2,725 Cr | Investors: Manipal Health Initiative Private Limited |
| Jun 2025 | Funding round | ₹1.65 Cr | Investors: Memg International India Private Limited , MEMG Family Office, Manipal Education And Medical Group India Private Limited, an individual |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: MEMG Family Office, Manipal Healthcare Private Limited Seller: MEMG Family Office, Aarin Capital, an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Manipal Academic Services International Seller: Memg International India Private Limited , 3 individuals |
| May 2015 | Secondary share transfer | Undisclosed | Buyer: Memg International India Private Limited Seller: 2 individuals |
To see the full deal history of Manipal Global Education Services 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
Manipal Global Education Services Private Limited has 17 court cases on record: 5 filed by Manipal Global Education Services, 12 filed against it. 1 case is pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 10 | 0 |
| District courts | 5 | 2 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case ((T)OP(TM)) | Filed against the company by Manipal Holdings Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Humming Bird Travel and Stay Private Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against New Haven Engineering Company Pvt Ltd | Pending |
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed by the company against New Haven Engineering Company Pvt Ltd | Disposed |
To see the full case history of Manipal Global Education Services 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.
Credit ratings & regulatory alerts
Manipal Global Education Services Private Limited was last rated by Icra on 21 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 May 2021 |
To see the full credit ratings and regulatory alerts of Manipal Global Education Services Private Limited, buy the company report.
MSME payment delays
Manipal Global Education Services Private Limited has 4 MSME Form 1 returns on record between 2023 and 2024, listing 253 overdue payments to 81 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 81)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Expert De Tours Private Limited | |||
| C N K H S K A & Associates LLP | |||
| Convate Consultancy Services Private Limited | |||
| an individual supplier | |||
| Techvistar IT Solutions Private Limited |
To see the full MSME payment records of Manipal Global Education Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Manipal Global Education Services Private Limited has a workforce of 268 employees on its EPFO records as of May 2025, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 268 |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Manipal Global Education Services Private Limited, buy the company report.
GST
Manipal Global Education Services has 11 GST registrations: 7 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM6313P1Z1 | Karnataka | Active | 01 Jul 2017 |
| 29AACCM6313P2Z0 | Karnataka | Active | 19 Jul 2017 |
| 27AACCM6313P1Z5 | Maharashtra | Active | 01 Jul 2017 |
| 11AACCM6313P1ZI | Sikkim | Active | 21 Jul 2017 |
To see the full GST registrations and return filing status of Manipal Global Education Services Private Limited, buy the company report.
Recent activity
Manipal Global Education Services Private Limited has 22 board changes on record since 2002: 4 appointments and 18 cessations. The latest: Ravi Panchanadan was appointed as Director on 01 Dec 2023.
51 earlier events are in the company report.
News
Frequently asked questions
Manipal Global Education Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Manipal Global Education Services was a private limited company based in Bangalore, Karnataka, India. The company worked in corporate training and development, within the education industry. It was incorporated on 22 October 2001 and is registered under CIN U74140KA2001PTC029678. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Manipal Global Education Services was incorporated on 22 October 2001. It is registered with the Registrar of Companies, Bangalore.
Manipal Global Education Services had 4 directors:
- Ravi Panchanadan - Director
- Ranjan Ramdas Pai - Director
- Vaitheeswaran Seetharaman - Director
- Rajesh Krishnaswamy Moorti - Director
The CIN (Corporate Identification Number) of Manipal Global Education Services is U74140KA2001PTC029678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Manipal Global Education Services is at Fifth Floor Prestige Emerald # 4 Madras Bank Road, Bangalore, Karnataka, India – 560001.
Manipal Global Education Services can be reached through the website manipalglobal.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Manipal Global Education Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Manipal Global Education Services is 29AACCM6313P1Z1, registered in Karnataka. The company has 11 GST registrations in all, of which 7 are active and 4 are cancelled or inactive. Other active GSTINs include 29AACCM6313P2Z0 (Karnataka), 27AACCM6313P1Z5 (Maharashtra), 11AACCM6313P1ZI (Sikkim).
Manipal Global Education Services operated in the education industry, in the corporate training and development segment.
Manipal Global Education Services has 54 deals on record (44 secondary share transfers, 7 funding rounds, 2 rights issues), with disclosed funding of ₹4,529 Cr; the latest was in June 2025.
The peers of Manipal Global Education Services by revenue are Usdc Projects India Private Limited, Bsa Edutech India Private Limited, Career Will Information Centre Private Limited, all in the Education industry (Corporate and Commercial Training, Education), with the same principal business activity (educational support services).
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