About Specadel Technologies Private Limited
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Specadel Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Think & Learn Private Limited. It operates in the elearning and digital education segment of the education sector. It was incorporated on 29 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72200KA2010PTC053421. Its GSTIN is 29AAOCS2150C1ZF (Karnataka).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹22.71 Lakh. It is led by directors Byju Raveendran and Riju Ravindran.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.09 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹4.49 Cr (net margin -145.4%) and EBITDA of -₹2.71 Cr (EBITDA margin -87.6%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 143% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
The company is associated with 3 brands: TutorVista, Edurite and Specadel. The company has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2019. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website specadel.com.
Company details
Contact details
Specadel Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is specadel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.101 1st Floor Money Centre No.121 Hosur Road Koramangala Industrial Layou, T, Bangalore, Karnataka, India – 560095
- IndustryEducation, eLearning & Digital Education
To see the full contact details of Specadel Technologies 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
Brands
Specadel Technologies operates multiple associated brands including TutorVista, Edurite, and Specadel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online tutoring services are provided for school and college students. | tutorvista.com | |
| Online courses and educational CDs for K-12 education are provided. | edurite.com | |
| Mobile applications for educational content creation and assessments are developed. | specadel.com |
Financials of Specadel Technologies Private Limited
FY 2022 filings availableSpecadel Technologies Private Limited reported revenue of ₹3.09 Cr (down 6% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 143%. EBITDA fell 553% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profit and Loss Statement | |||||
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| Total Revenue | ₹3.09 Cr | ||||
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| EBITDA | -₹2.71 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.49 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -87.6% | ||||
| Net Profit Margin | -145.4% | ||||
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To see the full financial statements and ratios of Specadel Technologies Private Limited, buy the company report.
Board of directors of Specadel Technologies Private Limited
Specadel Technologies has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Byju Raveendran Also directs: Byjus Investments Private Limited, Span Thoughtworks Private Limited, Intap Labs Private Limited and 5 more | Director | 06 Feb 2015 | 11 Years 9 Months | Current |
| Riju Ravindran Also directs: Byjus Investments Private Limited, Span Thoughtworks Private Limited, Intap Labs Private Limited and 5 more | Director | 06 Feb 2015 | 11 Years 9 Months | Current |
Auditor
Specadel Technologies Private Limited is audited by V K A N & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K A N & Associates | FY 2022 | 014226S |
Shareholding
The shareholding of Specadel Technologies Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | 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 Specadel Technologies Private Limited, buy the company report.
Deals & funding
Specadel Technologies Private Limited has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Acquisition | ₹11.56 Cr | Buyer: Think & Learn Private Limited |
| Feb 2018 | Rights issue | ₹4.15 Cr | Investors: Think & Learn Private Limited |
| Jul 2017 | Acquisition | ₹5 Cr | Buyer: Think & Learn Private Limited |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: Think & Learn Private Limited , an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Specadel Technologies Private Limited 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
Specadel Technologies Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Specadel Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Specadel Technologies Private Limited has a workforce of 11 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Specadel Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAOCS2150C1ZF | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Specadel Technologies Private Limited, buy the company report.
Recent activity
Specadel Technologies Private Limited has 6 board changes on record since 2015: 2 appointments and 4 cessations. The latest: Byju Raveendran ceased to be Additional Director on 30 Sep 2015.
News
Frequently asked questions
Specadel Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in elearning and digital education, within the education industry. It was incorporated on 29 April 2010 (16+ years old) and is registered under CIN U72200KA2010PTC053421.
Specadel Technologies has 2 current directors:
- Byju Raveendran - Director
- Riju Ravindran - Director
The latest financial statements of Specadel Technologies on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Specadel Technologies is 29AAOCS2150C1ZF, registered in Karnataka.
The CIN (Corporate Identification Number) of Specadel Technologies is U72200KA2010PTC053421. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Specadel Technologies was incorporated on 29 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Specadel Technologies has 4 deals on record (2 acquisitions, 1 rights issue, 1 secondary share transfer); the latest was in March 2019.
Byju Raveendran ceased to be Additional Director on 30 Sep 2015. Riju Ravindran ceased to be Additional Director on 30 Sep 2015. Hiriyanna Shashi Kiran ceased to be Managing Director on 16 Feb 2015. Specadel Technologies has 6 board changes on record in total.
Specadel Technologies has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Specadel Technologies can be reached through the website specadel.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Specadel Technologies is at No.101 1st Floor Money Centre No.121 Hosur Road Koramangala Industrial Layou, T, Bangalore, Karnataka, India – 560095.
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