MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-20-0125174
Icad School of Learning Private Limited - education in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹48.51 Cr
▲ 28% YoY
Net profit · FY 2025
₹31.95 Lakh
Net margin 0.7%
EBITDA · FY 2025
₹2.37 Cr
EBITDA margin 4.9%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹24.69 Cr
Satisfied ₹5.25 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
15
Provident fund records
About Icad School of Learning Private Limited
Data last updated:
Icad School of Learning Private Limited is a private limited company based in Nagpur, Maharashtra, India. It operates in the test prep and competitive exam coaching segment of the education sector. It was incorporated on 30 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80200MH2005PTC155755. Its GSTIN is 27AABCI4099P1ZV (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Jyoti Prakash Upganlawar and Prakash Shrihari Upganlawar.
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 is at 21 Tilak Nagar Opp. Basket Ball Ground, Nagpur, Maharashtra, India – 440010.
As per the financials filed for FY 2025, the company reported a revenue of ₹48.51 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹31.95 Lakh (net margin 0.7%) and EBITDA of ₹2.37 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years and 28% over five years.
The company has about 15 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹24.69 Cr and satisfied charges of ₹5.25 Cr on record. Court records list 31 cases involving the company, including 19 filed by the company and 12 filed against it; 7 cases are pending.
Icad School of Learning Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-20-0125174). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website icadiit.com.
Company details
CIN U80200MH2005PTC155755
Registration Number 155755
Incorporation Date 30 August 2005
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-20-0125174
Key People
Jyoti Prakash Upganlawar Director Prakash Shrihari Upganlawar Director Sarang Prakash Upganlawr Director Recognitions & Rankings of Icad School of Learning
Contact details
Icad School of Learning Private Limited's registered office is in Nagpur, Maharashtra. Its website is icadiit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address21 Tilak Nagar Opp. Basket Ball Ground, Nagpur, Maharashtra, India – 440010
- IndustryEducation, Test Prep & Competitive Exam Coaching
To see the full contact details of Icad School of Learning Private Limited, buy the company report.
Comprehensive company report
Icad School of Learning 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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Financials of Icad School of Learning Private Limited
FY 2024 filings availableIcad School of Learning Private Limited reported revenue of ₹48.51 Cr (up 28% YoY) for FY 2025.
Revenue · FY 2025
₹48.51 Cr ▲ 28%
Net profit · FY 2025
₹31.95 Lakh margin 0.7%
EBITDA · FY 2025
₹2.37 Cr margin 4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 28%
3 years · compounded
▲ 68%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 23%
5 years · compounded
▲ 29%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 28% growth in the latest year. EBITDA fell 7% 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 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 | ₹2.37 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹31.95 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 0.7% | ||||
| 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 Icad School of Learning Private Limited, buy the company report.
Board of directors of Icad School of Learning Private Limited
Icad School of Learning has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jyoti Prakash Upganlawar | Director | 27 Oct 2018 | 8 Years 0 Months | Current |
| Prakash Shrihari Upganlawar | Director | 30 Aug 2005 | 21 Years 2 Months | Current |
| Sarang Prakash Upganlawr | Director | 30 Aug 2005 | 21 Years 2 Months | Current |
| Anish Sarang Upganlawar | Director | 28 Mar 2025 | 1 Years 7 Months | Current |
| Priyadarsini Sarang Upganlawar | Director | 18 Dec 2024 | 1 Years 10 Months | Current |
Peer comparison
Icad School of Learning Private Limited is compared with the 8 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 Limited | ₹50.88 Cr (FY 2025) | -8.0% | Bengaluru, Karnataka, India | |||
| Planet Edu Global Private Limited | ₹49.29 Cr (FY 2025) | -54.0% | Gurgaon, Haryana, India | |||
| Icad School of Learning Private Limitedthis company | ₹48.51 Cr (FY 2025) | ₹31.95 Lakh | 0.7% | 28.0% | 15 | Nagpur, Maharashtra, India |
| Arihant Academy Limited | ₹42.52 Cr (FY 2025) | 35.0% | Mumbai, Maharashtra, India | |||
| Edusmart Academy Private Limited | ₹41.94 Cr (FY 2025) | -9.0% | Pune, Maharashtra, India | |||
| Classklap Private Limited | ₹39.23 Cr (FY 2023) | 80.0% | Mohali, Punjab, India | |||
| Parishrama Education Private Limited | ₹39.04 Cr (FY 2025) | -1.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Icad School of Learning Private Limited, buy the company report.
Auditor
Icad School of Learning Private Limited is audited by SHARMAMUKEWAR&CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMAMUKEWAR&CO. | FY 2023 | 120420W |
Shareholding
The shareholding of Icad School of Learning 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Icad School of Learning Private Limited, buy the company report.
Charges & borrowings
Open charges
₹24.69 Cr
Satisfied charges
₹5.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Oct 2024 | 101007268 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 07 Oct 2024 | 101007269 | Hdfc Bank Limited | ₹20.8 Cr | Open | |
| 30 Aug 2011 | 10311865 | Bank of Baroda | ₹3.69 Cr | Open | |
| 08 Aug 2017 | 100173894 | Others | ₹5.25 Cr | Satisfied |
To see the full charge records of Icad School of Learning Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Icad School of Learning Private Limited has 31 court cases on record: 19 filed by Icad School of Learning, 12 filed against it. 7 cases are pending and 24 are disposed.
Total cases
31
Filed by the company
19
Filed against the company
12
Pending
7
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 8 | 4 |
| High courts | 11 | 3 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Court case (Cri.Rev.App.) | Filed by the company against M/S. Sgepl Infrastructure Pvt. Ltd. | Disposed |
| Bombay High Court | Writ petition | Filed by the company against M/S. Sgepl Infrastructure Pvt. Ltd. Through Authorozed Signatory Mr. Pandev Devidatt Bhatt and Ano | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by M/S Sgepl Infrastructure Pvt Ltd | Disposed |
| Supreme Court | Court case | Filed against the company by Union of India | Pending |
| Bombay High Court | Court case (AA) | Filed against the company by an individual | Pending |
To see the full case history of Icad School of Learning 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Icad School of Learning Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Icad School of Learning has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Icad Publications Private Limited | U22130MH2021PTC359776 | |
| Icad Technologies Private Limited | U72200MH2021PTC359774 | |
| Icad Edutech Private Limited | U80904MH2021PTC372368 |
To see the full group structure of Icad School of Learning Private Limited, buy the company report.
Employees & EPFO
Icad School of Learning Private Limited has a workforce of 15 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
15
Active EPFO establishments
1
Employee growth
15.38%
GST
Icad School of Learning has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCI4099P1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Icad School of Learning Private Limited, buy the company report.
Recent activity
Icad School of Learning Private Limited has 9 board changes on record since 2005: 7 appointments and 2 cessations. The latest: Anish Sarang Upganlawar was appointed as Director on 28 Mar 2025.
Appointed
Anish Sarang Upganlawar was appointed as Director.
Appointed
Priyadarsini Sarang Upganlawar was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101007268 was registered on 07 Oct 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 20.80 Cr with Charge ID 101007269 was registered on 07 Oct 2024.
AGM
Icad School Of Learning Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 08 Aug 2017 via Charge ID 100173894 with Others was fully satisfied on 02 Sep 2024.
Filing
Icad School Of Learning Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Others of Rs. 5.25 Cr registered on 08 Aug 2017 with Charge ID 100173894 was modified on 27 Mar 2024.
Ceased
Sarika Rajesh Bondgulwar ceased to be Director.
Ceased
Sagar Ramdas Chopkar ceased to be Director.
Appointed
Sarika Rajesh Bondgulwar was appointed as Director.
Appointed
Jyoti Prakash Upganlawar was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Icad School of Learning is an active private limited company based in Nagpur, Maharashtra, India. The company works in test prep and competitive exam coaching, within the education industry. It was incorporated on 30 August 2005 (21+ years old) and is registered under CIN U80200MH2005PTC155755.
Icad School of Learning has 5 current directors:
- Jyoti Prakash Upganlawar - Director
- Prakash Shrihari Upganlawar - Director
- Sarang Prakash Upganlawr - Director
- Anish Sarang Upganlawar - Director
- Priyadarsini Sarang Upganlawar - Director
The latest financial statements of Icad School of Learning 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 Icad School of Learning is 27AABCI4099P1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Icad School of Learning is U80200MH2005PTC155755. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Icad School of Learning has 31 court cases on record: 19 filed by the company and 12 filed against it. 7 are pending. Most are in the district courts.
Icad School of Learning was incorporated on 30 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Icad School of Learning by revenue are MT Educare Ltd, Jamboree Education Private Limited, Merittrac Services Private Limited, Planet Edu Global Private Limited, Arihant Academy Limited and 3 more, all in the Education industry (Test Preparation), with the same principal business activity (educational support services).
Anish Sarang Upganlawar was appointed as Director on 28 Mar 2025. Priyadarsini Sarang Upganlawar was appointed as Director on 18 Dec 2024. Sarika Rajesh Bondgulwar ceased to be Director on 31 Mar 2023. Icad School of Learning has 9 board changes on record in total.
Yes, Icad School of Learning is registered as an MSME under Udyam registration (number: UDYAM-MH-20-0125174).
Icad School of Learning can be reached through the website icadiit.com. Its registered office is in Nagpur, Maharashtra, India.
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