Save Merit Association
About Save Merit Association
Data last updated:
Save Merit Association is a private not for profit company based in Nashik, Maharashtra, India. It operates in the education and training segment of the education and learning sector. It was incorporated on 19 December 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80903MH2019NPL334743.
The company has an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It is led by directors including Vidyadhar Shashikant Modak and Manjiri Nagesh Madnoorkar.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Pot No 40 Niwant Bunglow Kale Nagar Behind Madhur Food Plaza Pipeline Road, Nashik, Maharashtra, India – 422013.
As per the financials filed for FY 2021, the company reported a revenue of ₹8.06 Lakh, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹5.37 Lakh (net margin 66.6%) and EBITDA of ₹5.37 Lakh (EBITDA margin 66.6%).
Company details
Contact details
Save Merit Association's registered office is in Nashik, Maharashtra.
- Registered AddressPot No 40 Niwant Bunglow Kale Nagar Behind Madhur Food Plaza Pipeline Road, Nashik, Maharashtra, India – 422013
- IndustryEducation & Learing, Education, Tutors
- 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
Business activity
The main business activity of Save Merit Association is education. In detail, this covers sports, recreation, cultural and other education.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| P | Education | P3 | Sports, recreation, cultural and other education |
To see the full business activity and turnover split of Save Merit Association, buy the company report.
Financials of Save Merit Association
FY 2021 filings availableSave Merit Association reported revenue of ₹8.06 Lakh (down 14% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
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| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
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| Total Expenses | ||
| EBITDA | ₹5.37 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹5.37 Lakh | |
| Balance Sheet | ||
| Share Capital | ||
| Reserves and Surplus | ||
| Net Worth (Total Equity) | ||
| Long-term Borrowings | ||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 66.6% | |
| Net Profit Margin | 66.6% | |
| Return on Equity (ROE) | ||
| Return on Capital Employed (ROCE) | ||
| Return on Assets (ROA) | ||
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| Efficiency and Growth | ||
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To see the full financial statements and ratios of Save Merit Association, buy the company report.
Board of directors of Save Merit Association
Save Merit Association has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vidyadhar Shashikant Modak | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Manjiri Nagesh Madnoorkar | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
| Sameer Chintamani Joshi | Director | 19 Dec 2019 | 6 Years 10 Months | Current |
Peer comparison
Save Merit Association is compared with the 9 companies closest to it by revenue in the same principal business activity (sports, recreation, cultural and other education), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Comp Edge Sports Private Limited | ₹8.25 Lakh (FY 2024) | 25.0% | Chennai, Tamil Nadu, India | |||
| Vishw Upkaar Sewa Sanstha | ₹8.2 Lakh (FY 2024) | 16294.0% | Kalyan, Maharashtra, India | |||
| Dedicated Academy Private Limited | ₹8.14 Lakh (FY 2022) | -40.0% | Delhi, India | |||
| Prabha Institute of Computer and Finance Education Private Limited | ₹8.12 Lakh (FY 2023) | 20.0% | Darbhanga, Bihar, India | |||
| Save Merit Associationthis company | ₹8.06 Lakh (FY 2021) | ₹5.37 Lakh | 66.6% | -14.0% | Nashik, Maharashtra, India | |
| Mik Infotech Private Limited | ₹8.06 Lakh (FY 2025) | 73.0% | New Delhi, Delhi, India | |||
| Visaking Global Education Private Limited | ₹8 Lakh (FY 2020) | -85.0% | Jalandhar, Punjab, India | |||
| Mice Career Makers Private Limited | ₹7.99 Lakh (FY 2022) | -60.0% | Delhi, India | |||
| Child to Champion Private Limited | ₹7.94 Lakh (FY 2021) | 333.0% | New Delhi, Delhi, India | |||
| Lynkube Private Limited | ₹7.89 Lakh (FY 2024) | -40.0% | Delhi, India |
To see the full peer comparison of Save Merit Association, buy the company report.
Legal cases
No court or tribunal cases involving Save Merit Association are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Save Merit Association; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Save Merit Association; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Save Merit Association has 3 board changes on record since 2019: 3 appointments. The latest: Manjiri Nagesh Madnoorkar was appointed as Director on 19 Dec 2019.
Frequently asked questions
Save Merit Association is an active private not for profit company based in Nashik, Maharashtra, India. The company works in education, within the education and learning industry. It was incorporated on 19 December 2019 (7+ years old) and is registered under CIN U80903MH2019NPL334743.
Save Merit Association has 3 current directors:
- Vidyadhar Shashikant Modak - Director
- Manjiri Nagesh Madnoorkar - Director
- Sameer Chintamani Joshi - Director
The latest financial statements of Save Merit Association on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Save Merit Association is U80903MH2019NPL334743. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Save Merit Association was incorporated on 19 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Save Merit Association by revenue are Comp Edge Sports Private Limited, Vishw Upkaar Sewa Sanstha, Dedicated Academy Private Limited, Prabha Institute of Computer and Finance Education Private Limited, Mik Infotech Private Limited and 4 more, all in the same principal business activity (sports, recreation, cultural and other education).
Manjiri Nagesh Madnoorkar was appointed as Director on 19 Dec 2019. Sameer Chintamani Joshi was appointed as Director on 19 Dec 2019. Vidyadhar Shashikant Modak was appointed as Director on 19 Dec 2019.
The registered office of Save Merit Association is at Pot No 40 Niwant Bunglow Kale Nagar Behind Madhur Food Plaza Pipeline Road, Nashik, Maharashtra, India – 422013.
Save Merit Association operates in the education and learning industry, in the education segment.
Save Merit Association can be reached at its registered office: Pot No 40 Niwant Bunglow Kale Nagar Behind Madhur Food Plaza Pipeline Road, Nashik, Maharashtra, India – 422013.
Save Merit Association is registered under the jurisdiction of the Registrar of Companies (ROC), Mumbai.
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