About People Combine Educational Initiatives Private Limited
Data last updated:
People Combine Educational Initiatives Private Limited was a private limited company based in Visakhapatnam, Andhra Pradesh, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the edtech solutions segment of the education sector. It was incorporated on 10 October 2009.
The company was registered with the Registrar of Companies (ROC), Vijayawada, under CIN U80903AP2009PTC065412. Its GSTIN is 37AAFCP3362C1ZM (Andhra Pradesh). The company held 4 GST registrations, all of them active.
The company had an authorised share capital of ₹102.78 Cr and a paid-up capital of ₹77.71 Cr. It was formerly known as People Combine Educational Initiatives Limited. It was led by directors including George Ghantous and Andrew Fitzmaurice.
Its last annual general meeting (AGM) was held on 09 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Visakhapatnam, Andhra Pradesh.
As per the financials filed for FY 2020, the company reported a revenue of ₹52.97 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹7.89 Cr (net margin 14.9%) and EBITDA of ₹14.66 Cr (EBITDA margin 27.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 1% over five years.
The company had about 38 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹450.74 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The last known website on record is peoplecombine.com.
Company details
Contact details
People Combine Educational Initiatives Private Limited's registered office is in Visakhapatnam, Andhra Pradesh. Its website is peoplecombine.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressD.No.8 – 1 – 97/1/8 Level 4 Block – B Ninitaas High'S Pedawaltair Visakhapat, Nam, Visakhapatnam, Andhra Pradesh, India – 530017
- IndustryEducation, EdTech Solutions
To see the full contact details of People Combine Educational Initiatives 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
Financials of People Combine Educational Initiatives Private Limited
FY 2020 filings availablePeople Combine Educational Initiatives Private Limited reported revenue of ₹52.97 Cr (down 8% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 8% fall in the latest year. EBITDA rose 104% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹52.97 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.89 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.7% | ||||
| Net Profit Margin | 14.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 People Combine Educational Initiatives Private Limited, buy the company report.
Board of directors of People Combine Educational Initiatives Private Limited
People Combine Educational Initiatives 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 |
|---|---|---|---|---|
| George Ghantous | Director | 18 Feb 2019 | 7 Years 8 Months | As last reported |
| Andrew Fitzmaurice | Director | 18 Feb 2019 | 7 Years 8 Months | As last reported |
| Terry Leonard Creissen | Director | 17 Oct 2019 | 7 Years 0 Months | As last reported |
| Neha Shah Also directs: Nord Anglia Education Infrastructure Private Limited | Director | 18 Feb 2019 | 7 Years 8 Months | As last reported |
Peer comparison
People Combine Educational Initiatives Private Limited is compared with the 3 companies closest to it by revenue in the Education industry (Education Technology), 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 |
|---|---|---|---|---|---|---|
| Convegenius Digital India Services Private Limited | ₹56.16 Cr (FY 2025) | 33.0% | Noida, Uttar Pradesh, India | |||
| Heartfulness Institute | ₹56.04 Cr (FY 2024) | 163.0% | Kanha, Telangana, India | |||
| People Combine Educational Initiatives Private Limitedthis company | ₹52.97 Cr (FY 2020) | ₹7.89 Cr | 14.9% | -8.0% | 38 | Visakhapatnam, Andhra Pradesh, India |
| Malkans Training Institute Private Limited | ₹48.73 Cr (FY 2023) | 24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of People Combine Educational Initiatives Private Limited, buy the company report.
Auditor
People Combine Educational Initiatives Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2020 | 101049W/E300004 |
Shareholding
The shareholding of People Combine Educational Initiatives Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of People Combine Educational Initiatives Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2016 | 100081422 | Others | ₹155 Cr | Satisfied | |
| 11 Nov 2016 | 100082215 | Others | ₹155 Cr | Satisfied | |
| 19 Nov 2015 | 100036817 | Others | ₹6.3 Cr | Satisfied | |
| 26 Mar 2014 | 10489352 | Indian Bank | ₹9.75 Cr | Satisfied | |
| 26 Mar 2014 | 10489351 | Indian Bank | ₹40 Cr | Satisfied |
To see the full charge records of People Combine Educational Initiatives Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
People Combine Educational Initiatives Private Limited has 1 court case on record: 1 filed by People Combine Educational Initiatives. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad Central, Telangana | Civil suit | Filed by the company against The Oakridge International School | Pending |
To see the full case history of People Combine Educational Initiatives 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 People Combine Educational Initiatives Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
People Combine Educational Initiatives Private Limited has a workforce of 38 employees on its EPFO records as of Mar 2021, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2020-21 | 38 |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of People Combine Educational Initiatives Private Limited, buy the company report.
GST
People Combine Educational Initiatives has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AAFCP3362C1ZM | Andhra Pradesh | Active | 01 Jul 2017 |
| 03AAFCP3362C1ZX | Punjab | Active | 01 Jul 2017 |
| 29AAFCP3362C1ZJ | Karnataka | Active | 01 Jul 2017 |
| 36AAFCP3362C1ZO | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of People Combine Educational Initiatives Private Limited, buy the company report.
Recent activity
People Combine Educational Initiatives Private Limited has 22 board changes on record since 2011: 4 appointments and 18 cessations. The latest: Terry Leonard Creissen ceased to be Additional Director on 09 Dec 2020.
35 earlier events are in the company report.
Frequently asked questions
People Combine Educational Initiatives 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.
People Combine Educational Initiatives was a private limited company based in Visakhapatnam, Andhra Pradesh, India. The company worked in edtech solutions, within the education industry. It was incorporated on 10 October 2009 and is registered under CIN U80903AP2009PTC065412. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
People Combine Educational Initiatives was incorporated on 10 October 2009. It is registered with the Registrar of Companies, Vijayawada.
People Combine Educational Initiatives had 4 directors:
- George Ghantous - Director
- Andrew Fitzmaurice - Director
- Terry Leonard Creissen - Director
- Neha Shah - Director
The CIN (Corporate Identification Number) of People Combine Educational Initiatives is U80903AP2009PTC065412. 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 People Combine Educational Initiatives is at D.No.8 – 1 – 9718 Level 4 Block – B Ninitaas HighS Pedawaltair Visakhapat, Nam, Visakhapatnam, Andhra Pradesh, India – 530017.
People Combine Educational Initiatives can be reached through the website peoplecombine.com. Its registered office is in Visakhapatnam, Andhra Pradesh, India.
The latest financial statements of People Combine Educational Initiatives on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 09 December 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of People Combine Educational Initiatives is 37AAFCP3362C1ZM, registered in Andhra Pradesh. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 03AAFCP3362C1ZX (Punjab), 29AAFCP3362C1ZJ (Karnataka), 36AAFCP3362C1ZO (Telangana).
People Combine Educational Initiatives operated in the education industry, in the edtech solutions segment.
The peers of People Combine Educational Initiatives by revenue are Convegenius Digital India Services Private Limited, Heartfulness Institute, Malkans Training Institute Private Limited, all in the Education industry (Education Technology), with the same principal business activity (educational support services).
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