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 11 filed by the company and 4 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.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 1/1 Swami Vivekananda Road Off Mg Road Near Trinity Circle Halasu, Ru, Bengaluru, Karnataka, India – 560008
- IndustryEducation, Test Prep & Competitive Exam Coaching
- 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 Merittrac Services Private Limited
The business activities of Merittrac Services are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | 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 Merittrac Services Private Limited FY 2025 filings available
Merittrac Services Private Limited reported revenue of ₹50.88 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Merittrac Services Private Limited
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 of Merittrac Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
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| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.99 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5.06 Cr | •••• | •••• | •••• | •••• |
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Financial Ratios of Merittrac Services Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -9.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
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| 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 Merittrac Services 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.
Auditor Details of Merittrac Services Private Limited
Merittrac Services Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | 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 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ambrish Sinha | Director | 20 Nov 2020 | 5 Years 10 Months | Current |
| Vaitheeswaran Seetharaman | Director | 30 Sep 2011 | 15 Years 0 Months | Current |
| Rajesh Krishnaswamy Moorti | Director | 01 Nov 2020 | 5 Years 11 Months | Current |
| Komarapuram Parameswaran Manjunath | Additional Director | 19 Nov 2025 | 0 Years 10 Months | Current |
Ownership and Shareholding of Merittrac Services 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 Merittrac Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jun 2025 | Yes Bank Limited | ₹7 Cr | Open |
| 23 Mar 2021 | Others | ₹52.5 Cr | Open |
| 03 Jan 2020 | Others | ₹26 Cr | Satisfied |
| 24 Mar 2008 | Others | ₹25 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Merittrac Services Private Limited
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.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Buyer: Unext Learning Private Limited Seller: Manipal Global Education Services Private Limited | |
| Jan 2012 | Secondary share transfer | Buyer: Manipal Global Education Services Private Limited Seller: 3 individuals | |
| Dec 2011 | Secondary share transfer | Buyer: Manipal Global Education Services Private Limited Seller: an individual | |
| Mar 2008 | Secondary share transfer | Buyer: Manipal Global Education Services Private Limited Seller: 3 individuals | |
| Jul 2007 | Funding round | ₹8 Cr | Investors: Manipal Global Education Services Private Limited |
Full deal history
All 8 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 Merittrac Services Private Limited
Merittrac Services Private Limited has 23 court cases on record: 11 filed by Merittrac Services, 4 filed against it, 8 where it is another party. 10 cases are pending and 13 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 0 | 5 |
| District courts | 8 | 4 | 5 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Oil and Natural Gas Corporation Limited | Pending |
| High Court of Delhi | Appeal | Filed by the company against Oil and Natural Gas Corporation Limited | Pending |
| Calcutta High Court | Writ petition | Filed by the company against Steel Authority of India Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court of Delhi | Court case (CM(M)) | Filed by the company against an individual | Pending |
Full case history
All 23 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.
Associated Brands with Merittrac Services Private Limited
Merittrac Services operates one associated brand: MeritTrac. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Assessment solutions are provided for enterprises and educational institutions. | merittrac.com |
Competitors & Alternatives of Merittrac Services Private Limited
Brands and companies operating in the same space as Merittrac Services Private Limited include Cappfinity, Mikiwame, TestGorilla and 4 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Cappfinity | Cappfinity is recognized as a leader in talent acquisition and management solutions. | Birmingham, United Kingdom | 2005 |
 Mikiwame | Cloud-based aptitude and personality test platform for enterprises | Minato, Japan | 2020 |
 TestGorilla | Cloud-based software for pre-employment testing and recruitment automation is offered. | Amsterdam, Netherlands | 2019 |
 Aspiring Minds | AI-based assessments for enterprise candidate skills are provided. | San Jose, United States | 2008 |
 Questionmark | Assessment solutions are delivered for education and HR sectors. | San Francisco, United States | 1988 |
 The Selection Lab | Enterprise recruitment is managed via software with analytics and assessments. | Amsterdam, Netherlands | 2018 |
 Equip | Online skill-based assessments are provided for recruitment screening. | Bengaluru, India | 2020 |
Employees and EPFO Compliance at Merittrac Services Private Limited
Merittrac Services Private Limited has a workforce of 164 employees as of Apr 07, 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.
Group Structure of Merittrac Services Private Limited
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.
Recent Activity on Merittrac Services Private Limited
Credit Ratings, Litigation & Regulatory Alerts for Merittrac Services 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.
MSME Payment Delays by Merittrac Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Merittrac Services 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 Merittrac Services Private Limited
Merittrac Services has 12 GST registrations: 6 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCM3521D1ZU | Karnataka | Active | 01 Jul 2017 |
| 07AACCM3521D1Z0 | Delhi | Active | 01 Jul 2017 |
| 27AACCM3521D1ZY | Maharashtra | Active | 01 Jul 2017 |
| 07AACCM3521D2ZZ | Delhi | Active | 23 Oct 2018 |
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 Merittrac Services 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 Merittrac Services Private Limited
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 reported revenue of ₹50.88 Cr for FY 2025 (down 8% YoY).
Merittrac Services has 4 current directors:
- Ambrish Sinha - Director
- Vaitheeswaran Seetharaman - Director
- Rajesh Krishnaswamy Moorti - Director
- Komarapuram Parameswaran Manjunath - Additional Director
Merittrac Services reported a net loss of ₹5.06 Cr (net margin -9.9%) and EBITDA of ₹3.99 Cr (EBITDA margin 7.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Merittrac Services is -10% over three years and -3% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
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: 11 filed by the company and 4 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.