Merittrac Services Private Limited

Merittrac Services Private Limited - education in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN U74140KA2000PTC027573 Incorporated 04 August 2000 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Private Limited Company education MSME · Medium
Data last updated
Revenue · FY 2025
₹50.88 Cr
▼ 8% YoY
Net loss · FY 2025
₹5.06 Cr
Net margin -9.9%
EBITDA · FY 2025
₹3.99 Cr
EBITDA margin 7.8%
Authorised capital
₹16.6 Cr
Registered with MCA
Paid-up capital
₹5.65 Lakh
Issued & subscribed
Open charges
₹59.5 Cr
Satisfied ₹51 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
164
Provident fund records

About Merittrac Services Private Limited

Data last updated:

Merittrac Services Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Unext Learninig Private Limited. It operates in the test prep and competitive exam coaching segment of the education sector. It was incorporated on 04 August 2000 and has been in existence for over 26 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74140KA2000PTC027573. Its GSTIN is 29AACCM3521D1ZU (Karnataka). The company holds 12 GST registrations, of which 6 are active.

The company has an authorised share capital of ₹16.6 Cr and a paid-up capital of ₹5.65 Lakh. It is led by directors including Ambrish Sinha and Vaitheeswaran Seetharaman.

Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bengaluru, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹50.88 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹5.06 Cr (net margin -9.9%) and EBITDA of ₹3.99 Cr (EBITDA margin 7.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 3% over five years.

The company has about 164 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: MeritTrac. As per MCA filings, the company has open charges of ₹59.5 Cr and satisfied charges of ₹51 Cr on record. Court records list 23 cases involving the company, including 13 filed by the company and 10 filed against it; 10 cases are pending. The company has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹24.66 Cr; the latest was in March 2021. Its 4 peer companies in the Education industry (Test Preparation), with the same principal business activity (educational support services) are compared by revenue, 3 larger and 1 smaller; the largest is Iit-Ian's Pace Education Private Limited with revenue of ₹56.66 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 288 overdue payments to 41 micro and small suppliers.

Merittrac Services Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0000828). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website merittrac.com.

Company details

CIN U74140KA2000PTC027573
Registration Number 027573
Incorporation Date 04 August 2000
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Unext Learninig Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0000828
Key People
Ambrish Sinha Director Vaitheeswaran Seetharaman Director Rajesh Krishnaswamy Moorti Director

Recognitions & Rankings of Merittrac Services

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-03-0000828

Contact details

Merittrac Services Private Limited's registered office is in Bengaluru, Karnataka. Its website is merittrac.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    merittrac.com
  • Social Media
  • Registered Address
    No. 1/1 Swami Vivekananda Road Off Mg Road Near Trinity Circle Halasu, Ru, Bengaluru, Karnataka, India – 560008
  • Industry
    Education, Test Prep & Competitive Exam Coaching

To see the full contact details of Merittrac Services Private Limited, buy the company report.

Comprehensive company report
Merittrac Services 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

Merittrac Services operates one associated brand: MeritTrac. Each brand links to its own profile.

BrandDescriptionWebsite
MeritTrac
Assessment solutions are provided for enterprises and educational institutions.merittrac.com

Financials of Merittrac Services Private Limited

FY 2025 filings available

Merittrac Services Private Limited reported revenue of ₹50.88 Cr (down 8% YoY) for FY 2025.

Revenue · FY 2025
₹50.88 Cr ▼ 8%
Net loss · FY 2025
₹5.06 Cr margin -9.9%
EBITDA · FY 2025
₹3.99 Cr margin 7.8%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 10%
5 years · compounded
▼ 3%
EBITDA CAGR growth
1 year
▲ 130%
3 years · compounded
▲ 34%
5 years · compounded
▲ 18%

Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 8% fall in the latest year. EBITDA rose 130% 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₹3.99 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹5.06 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 Margin7.8%
Net Profit Margin-9.9%
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 Merittrac Services Private Limited, buy the company report.

Board of directors of Merittrac Services Private Limited

Merittrac Services has 4 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Ambrish Sinha
Also directs: Jigsaw Academy Education Private Limited, Unext Learning Private Limited
Director20 Nov 20205 Years 11 MonthsCurrent
Vaitheeswaran Seetharaman
Also directs: Manipal Education and Medical Group India Private Limited, Manipal Health Systems Private Limited, Memg Fund Advisors LLP and 5 more
Director30 Sep 201115 Years 1 MonthsCurrent
Rajesh Krishnaswamy Moorti
Also directs: Memg International India Private Limited, Manipal Education and Medical Group India Private Limited, Manipal Health Systems Private Limited
Director01 Nov 20206 Years 0 MonthsCurrent
Komarapuram Parameswaran ManjunathAdditional Director19 Nov 20250 Years 11 MonthsCurrent
View all directors

Peer comparison

Merittrac Services Private Limited is compared with the 4 companies closest to it by revenue in the Education industry (Test Preparation), with the same principal business activity (educational support services), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Iit-Ian's Pace Education Private Limited₹56.66 Cr (FY 2025)-22.0%Mumbai, Maharashtra, India
MT Educare Ltd₹51.37 Cr (FY 2024)-18.0%Mumbai, Maharashtra, India
Jamboree Education Private Limited₹51.2 Cr (FY 2024)-3.0%New Delhi, Delhi, India
Merittrac Services Private Limitedthis company₹50.88 Cr (FY 2025)-₹5.06 Cr-9.9%-8.0%164Bengaluru, Karnataka, India
Planet Edu Global Private Limited₹49.29 Cr (FY 2025)-54.0%Gurgaon, Haryana, India

To see the full peer comparison of Merittrac Services Private Limited, buy the company report.

Auditor

Merittrac Services Private Limited is audited by B S R & Co. LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
B S R & Co. LLPFY 2023101248W/W-100022

Shareholding

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

To see the full shareholding pattern of Merittrac Services Private Limited, buy the company report.

Charges & borrowings

Open charges
₹59.5 Cr
Satisfied charges
₹51 Cr
Breakdown by lending institutions
Others₹52.50 Cr
Yes Bank Limited₹7.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
13 Jun 2025101107275Yes Bank Limited₹7 CrOpen
23 Mar 2021100427756Others₹52.5 CrOpen
03 Jan 2020100319087Others₹26 CrSatisfied
24 Mar 200810097417Others₹25 CrSatisfied

To see the full charge records of Merittrac Services Private Limited, buy the company report.

Total charge records: 4 View all charges

Deals & funding

Merittrac Services Private Limited has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹24.66 Cr; the latest was in March 2021.

Total deals
8
Secondary share transfers
5
Funding rounds
3
Disclosed funding
₹24.66 Cr

Deals on record (5 of 8)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: Unext Learning Private Limited
Seller: Manipal Global Education Services Private Limited
Jan 2012Secondary share transferUndisclosedBuyer: Manipal Global Education Services Private Limited
Seller: 3 individuals
Dec 2011Secondary share transferUndisclosedBuyer: Manipal Global Education Services Private Limited
Seller: an individual
Mar 2008Secondary share transferUndisclosedBuyer: Manipal Global Education Services Private Limited
Seller: 3 individuals
Jul 2007Funding round₹8 CrInvestors: Manipal Global Education Services Private Limited

To see the full deal history of Merittrac 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.

Credit ratings & regulatory alerts

Merittrac Services Private Limited was last rated by Icra on 04 May 2022.

Rating agencyRated onRating
Icra04 May 2022

To see the full credit ratings and regulatory alerts of Merittrac Services Private Limited, buy the company report.

MSME payment delays

Merittrac Services Private Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 288 overdue payments to 41 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 41)

SupplierAmount dueDue sinceReported on
Avgrowth Skills Private Limited
an individual supplier
an individual supplier
Kanpur Institute of Management & Professional Studies
Teaminspire Business Solutions Private Limited

To see the full MSME payment records of Merittrac Services Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Merittrac Services has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Associated companies

Employees & EPFO

Merittrac Services Private Limited has a workforce of 164 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
164
Active EPFO establishments
1
Employee growth
-21.53%

GST

Merittrac Services has 12 GST registrations: 6 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
12
Active
6
Cancelled / inactive
6
GSTINStateStatusRegistered on
29AACCM3521D1ZUKarnatakaActive01 Jul 2017
07AACCM3521D1Z0DelhiActive01 Jul 2017
27AACCM3521D1ZYMaharashtraActive01 Jul 2017
07AACCM3521D2ZZDelhiActive23 Oct 2018

To see the full GST registrations and return filing status of Merittrac Services Private Limited, buy the company report.

Recent activity

Merittrac Services Private Limited has 18 board changes on record since 2007: 4 appointments and 14 cessations. The latest: Komarapuram Parameswaran Manjunath was appointed as Additional Director on 19 Nov 2025.

Appointed
Komarapuram Parameswaran Manjunath was appointed as Additional Director.
AGM
Merittrac Services Private Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Charges
A charge with Yes Bank Limited amounted to Rs. 7.00 Cr with Charge ID 101107275 was registered on 13 Jun 2025.
Filing
Merittrac Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others of Rs. 52.50 Cr registered on 23 Mar 2021 with Charge ID 100427756 was modified on 30 Dec 2021.
Ceased
Ambrish Sinha ceased to be Additional Director.
Ceased
Rajesh Krishnaswamy Moorti ceased to be Additional Director.
Charges
A charge registered on 03 Jan 2020 via Charge ID 100319087 with Others was fully satisfied on 30 Jul 2021.
Charges
A charge with Others amounted to Rs. 52.50 Cr with Charge ID 100427756 was registered on 23 Mar 2021.
Appointed
Ambrish Sinha was appointed as Director.
Appointed
Rajesh Krishnaswamy Moorti was appointed as Director.
Ceased
Ravi Panchanadan ceased to be Director.

17 earlier events are in the company report.

News

Frequently asked questions

Merittrac Services is an active private limited company based in Bengaluru, Karnataka, India. The company works in test prep and competitive exam coaching, within the education industry. It was incorporated on 04 August 2000 (26+ years old) and is registered under CIN U74140KA2000PTC027573.

Merittrac Services has 4 current directors:

The latest financial statements of Merittrac Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Merittrac Services is 29AACCM3521D1ZU, registered in Karnataka. The company has 12 GST registrations in all, of which 6 are active and 6 are cancelled or inactive. Other active GSTINs include 07AACCM3521D1Z0 (Delhi), 27AACCM3521D1ZY (Maharashtra), 07AACCM3521D2ZZ (Delhi).

The CIN (Corporate Identification Number) of Merittrac Services is U74140KA2000PTC027573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Merittrac Services has 23 court cases on record: 13 filed by the company and 10 filed against it. 10 are pending. Most are in the high courts.

Merittrac Services was incorporated on 04 August 2000, making it 26+ years old. It is registered with the Registrar of Companies, Bangalore.

Merittrac Services has 8 deals on record (5 secondary share transfers, 3 funding rounds), with disclosed funding of ₹24.66 Cr; the latest was in March 2021.

The peers of Merittrac Services by revenue are Iit-Ian's Pace Education Private Limited, MT Educare Ltd, Jamboree Education Private Limited, Planet Edu Global Private Limited, all in the Education industry (Test Preparation), with the same principal business activity (educational support services).

Komarapuram Parameswaran Manjunath was appointed as Additional Director on 19 Nov 2025. Ambrish Sinha ceased to be Additional Director on 30 Sep 2021. Rajesh Krishnaswamy Moorti ceased to be Additional Director on 30 Sep 2021. Merittrac Services has 18 board changes on record in total.

Yes, Merittrac Services is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0000828).

Merittrac Services has 13 MSME Form 1 returns on record between 2019 and 2023, listing 288 overdue payments to 41 micro and small suppliers. The latest return was filed on 22 Nov 2023.