About Schoolnet India Limited
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Schoolnet India Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Falafal Technology Private Limited. It operates in the edtech solutions segment of the education sector. It was incorporated on 18 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U80220DL1997PLC398599. Its GSTIN is 07AABCI2106H2Z1 (Delhi). The company holds 32 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹105 Cr and a paid-up capital of ₹66.62 Cr. It was formerly known as Il & Fs Education & Technology Services Limited. It is led by directors including Ramireddy Chandra Mowleeswar Reddy (Managing Director) and Vandana Rakesh Singh.
Its last annual general meeting (AGM) was held on 08 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D – 114 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020.
As per the financials filed for FY 2025, the company reported a revenue of ₹574.82 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹38.09 Cr (net margin 6.6%) and EBITDA of ₹84.68 Cr (EBITDA margin 14.7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 6% over five years.
The company has about 57 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Geneo Esekha, IL&FS Education and Schoolnet India. As per MCA filings, the company has open charges of ₹135 Cr and satisfied charges of ₹1,484.7 Cr on record. Court records list 55 cases involving the company, including 44 filed by the company and 11 filed against it; 9 cases are pending. The company has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹124.64 Cr; the latest was in September 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website schoolnetindia.com.
Company details
CIN history
Schoolnet India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U80220DL1997PLC398599, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80220DL1997PLC398599 | Current |
| U80220MH1997PTC112535 | Previous |
| U80220MH1997PLC112535 | Previous |
Contact details
Schoolnet India Limited's registered office is in New Delhi, Delhi. Its website is schoolnetindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressD – 114 Okhla Industrial Area Phase – I, New Delhi, Delhi, India – 110020
- IndustryEducation, EdTech Solutions
To see the full contact details of Schoolnet India 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
Schoolnet India operates multiple associated brands including Geneo Esekha, IL&FS Education, and Schoolnet India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates an online platform for Bengali language learning for students. | geneoesekha.in | |
| Technology and Education Services | ilfseducation.com | |
| K-12 digital learning solutions are provided for schools. | schoolnetindia.com |
Financials of Schoolnet India Limited
FY 2024 filings availableSchoolnet India Limited reported revenue of ₹574.82 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 5% growth in the latest year. EBITDA rose 6% 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 |
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| EBITDA | ₹84.68 Cr | ||||
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| Net Profit (PAT) | ₹38.09 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 14.7% | ||||
| Net Profit Margin | 6.6% | ||||
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To see the full financial statements and ratios of Schoolnet India Limited, buy the company report.
Board of directors of Schoolnet India Limited
Schoolnet India has 7 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhanukumar Lakshmana Vittalam Also directs: Falafal Technology Private Limited | Nominee Director | 07 Sep 2023 | 3 Years 1 Months | Current |
| Vandana Rakesh Singh Also directs: Learnet Skills Limited, Trendnext Advisory Services LLP | Director | 27 Oct 2022 | 3 Years 11 Months | Current |
| Kumar Krishnan Iyer Also directs: Schoolnet Employees Benefit Services Private Limited, Learnet Skills Limited, Iep Fund Advisors Private Limited and 4 more | Director | 21 Jan 2010 | 16 Years 9 Months | Current |
| Bonu Sekhar Also directs: Learnet Skills Limited | Director | 27 Oct 2022 | 3 Years 11 Months | Current |
| Sujit Laxman Tambat Also directs: Iep Fund Advisors Private Limited, Falafal Technology Private Limited, Stargaze Consulting Services Private Limited and 1 more | Director | 08 Sep 2020 | 6 Years 1 Months | Current |
| Howard Soh Soon Hu Ang | Nominee Director | 17 May 2024 | 2 Years 5 Months | Current |
Auditor
Schoolnet India Limited is audited by S.N. Dhawan & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. Dhawan & CO LLP | FY 2024 | 000050N/N500045 |
Shareholding
The shareholding of Schoolnet India Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Schoolnet India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Feb 2025 | 101073504 | Others | ₹60 Cr | Open | |
| 11 Mar 2014 | 10485187 | Yes Bank Limited | ₹75 Cr | Open | |
| 28 Mar 2018 | 100184485 | Others | ₹27.5 Cr | Satisfied | |
| 12 Aug 2015 | 10590130 | Infrastructure Leasing and Financial Services Limited | ₹102.8 Cr | Satisfied | |
| 26 May 2015 | 10575430 | Bank of Bahrain & Kuwait B.S.C. | ₹40 Cr | Satisfied |
To see the full charge records of Schoolnet India Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Schoolnet India Limited has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹124.64 Cr; the latest was in September 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2020 | Acquisition | Undisclosed | Buyer: Falafal Technology Private Limited Seller: IL&FS Investment Managers |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Infrastructure Leasing And Financial Services Limited, an individual Seller: Others Il & Fs Education & Technology Services Ltd., Il&Fs Financial Services Limited |
| Sep 2015 | Acquisition | Undisclosed | Buyer: Il&Fs Financial Services Limited Seller: IL&FS Investment Managers |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Others Il & Fs Education & Technology Services Ltd., Housing Development Finance Corporation Limited (HDFC), IL&FS Investment Managers Seller: Orix Corporation, Housing Development Finance Corporation Limited , Iets Employee Welfare Trust |
| Mar 2008 | Funding round | ₹30 Cr | Investors: IL&FS Investment Managers, Housing Development Finance Corporation Limited |
To see the full deal history of Schoolnet India 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
Schoolnet India Limited has 55 court cases on record: 44 filed by Schoolnet India, 11 filed against it. 9 cases are pending and 46 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 29 | 6 | 4 |
| District courts | 26 | 5 | 5 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Vedhik Academy LLP | Pending |
| High Court, KARNATAKA | Court case (COM.OS) | Filed by the company against M/S Vidwath Innovative Solutions Pvt Ltd | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Hicommands Tech India Ltd | Pending |
| High Court, West Bengal | Arbitration matter | Filed by the company against M/S. Planet Infrastructure Management Pvt. Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed by the company against Everest Edusys and Solutions Pvt Ltd | Disposed |
To see the full case history of Schoolnet India 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
Schoolnet India Limited was last rated by Indiarating on 13 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 13 Sep 2021 |
To see the full credit ratings and regulatory alerts of Schoolnet India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Schoolnet India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Schoolnet India has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Learnet Skills Limited | U80904DL2011PLC213135 |
To see the full group structure of Schoolnet India Limited, buy the company report.
Employees & EPFO
Schoolnet India Limited has a workforce of 57 employees on its EPFO records as of Jan 20, 2025, across 4 active EPFO establishments.
GST
Schoolnet India has 32 GST registrations: 17 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI2106H2Z1 | Delhi | Active | 01 Jul 2017 |
| 02AABCI2106H1ZC | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AABCI2106H1Z6 | Uttarakhand | Active | 01 Jul 2017 |
| 08AABCI2106H1Z0 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Schoolnet India Limited, buy the company report.
Recent activity
Schoolnet India Limited has 37 board changes on record since 2007: 7 appointments and 30 cessations. The latest: Howard Soh Soon Hu Ang ceased to be Additional Director on 07 Aug 2024.
87 earlier events are in the company report.
News
Frequently asked questions
Schoolnet India is an active public limited company based in New Delhi, Delhi, India. The company works in edtech solutions, within the education industry. It was incorporated on 18 December 1997 (29+ years old) and is registered under CIN U80220DL1997PLC398599.
Schoolnet India has 7 current directors:
- Ramireddy Chandra Mowleeswar Reddy - Managing Director
- Bhanukumar Lakshmana Vittalam - Nominee Director
- Vandana Rakesh Singh - Director
- Kumar Krishnan Iyer - Director
- Bonu Sekhar - Director
- Sujit Laxman Tambat - Director
- Howard Soh Soon Hu Ang - Nominee Director
The latest financial statements of Schoolnet India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 08 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Schoolnet India is 07AABCI2106H2Z1, registered in Delhi. The company has 32 GST registrations in all, of which 17 are active and 15 are cancelled or inactive. Other active GSTINs include 02AABCI2106H1ZC (Himachal Pradesh), 05AABCI2106H1Z6 (Uttarakhand), 08AABCI2106H1Z0 (Rajasthan).
The CIN (Corporate Identification Number) of Schoolnet India is U80220DL1997PLC398599. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Schoolnet India has 55 court cases on record: 44 filed by the company and 11 filed against it. 9 are pending. Most are in the high courts.
Schoolnet India was incorporated on 18 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
Schoolnet India has 9 deals on record (4 secondary share transfers, 3 funding rounds, 2 acquisitions), with disclosed funding of ₹124.64 Cr; the latest was in September 2020.
Howard Soh Soon Hu Ang ceased to be Additional Director on 07 Aug 2024. Howard Soh Soon Hu Ang was appointed as Nominee Director on 17 May 2024. Bhanukumar Lakshmana Vittalam ceased to be Additional Director on 28 Sep 2023. Schoolnet India has 37 board changes on record in total.
Schoolnet India can be reached through the website schoolnetindia.com. Its registered office is in New Delhi, Delhi, India.