India's Richest People 2026 edition · 1 director · Source: Hurun India
- #57 Ranjan Pai ₹49,200 Cr
Revenue · FY 2025
₹512.14 Cr
▲ 2% YoY
Net loss · FY 2025
₹236.04 Cr
Net margin -46.1%
EBITDA · FY 2025
-₹71.52 Cr
EBITDA margin -14%
Authorised capital
₹212.5 Cr
Registered with MCA
Paid-up capital
₹153.65 Cr
Issued & subscribed
Open charges
₹860.06 Cr
Satisfied ₹444.3 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
602
Provident fund records
About Unext Learning Private Limited
Data last updated:
Unext Learning Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Memg Family Office Llp. It operates in the edtech solutions segment of the education sector. It was incorporated on 07 September 2009 and has been in existence for over 17 years.
Its director Ranjan Pai is #57 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U80302KA2009PTC050865. Its GSTIN is 29AAGCM1498M1ZR (Karnataka). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹212.5 Cr and a paid-up capital of ₹153.65 Cr. It was formerly known as Manipal-City & Guilds Skills Training Private Limited and Manipal City & Guilds Private Limited. It is led by directors including Ambrish Sinha (Whole-Time Director) and Chandra Sekhar Reddy Garisa.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹512.14 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹236.04 Cr (net margin -46.1%) and EBITDA of -₹71.52 Cr (EBITDA margin -14%). Revenue has grown at a compounded annual rate (CAGR) of 63% over three years and 206% over five years.
The company has about 602 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: UNext Learning and Jigsaw Academy. As per MCA filings, the company has open charges of ₹860.06 Cr and satisfied charges of ₹444.3 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 15 deals on record (7 rights issues, 5 funding rounds, 1 debt financing), with disclosed funding of ₹267.03 Cr; the latest was in August 2024. Its 3 peer companies in the Education industry (Education Technology), with the same principal business activity (educational support services) are compared by revenue, 1 larger and 2 smaller; the largest is Schoolnet India Limited with revenue of ₹574.82 Cr. The company has 9 MSME Form 1 returns on record between 2021 and 2024, listing 72 overdue payments to 34 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website u-next.com.
Company details
CIN U80302KA2009PTC050865
Registration Number 050865
Incorporation Date 07 September 2009
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 25 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Memg Family Office Llp
Compliance Status Active Compliant
Name history
Unext Learning has undergone 3 name changes throughout its history. The company was previously known as Manipal-City & Guilds Skills Training Private Limited, Manipal City & Guilds Private Limited, and Manipal Training Services Private Limited. The current legal name is Unext Learning Private Limited.
| Company Name | Status |
|---|---|
| Unext Learning Private Limited | Current |
| Manipal-City & Guilds Skills Training Private Limited | Previous |
| Manipal City & Guilds Private Limited | Previous |
| Manipal Training Services Private Limited | Previous |
Key People
Ambrish Sinha Whole-Time Director Chandra Sekhar Reddy Garisa Director Shyam Powar Director Recognitions & Rankings of Unext Learning
Contact details
Unext Learning Private Limited's registered office is in Bengaluru, Karnataka. Its website is u-next.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1/1 Swami Vivekananda Road Off Mg Road Near Trinity Circle Halasu, Ru, Bengaluru, Karnataka, India – 560008
- IndustryEducation, EdTech Solutions
To see the full contact details of Unext Learning Private Limited, buy the company report.
Comprehensive company report
Unext 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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Brands
Unext Learning operates two associated brands: UNext Learning and Jigsaw Academy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers online courses and certifications in emerging technologies and professional development. | u-next.com | |
| Online academy for data analytics training is provided. | jigsawacademy.com |
Financials of Unext Learning Private Limited
FY 2025 filings availableUnext Learning Private Limited reported revenue of ₹512.14 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹512.14 Cr ▲ 2%
Net loss · FY 2025
₹236.04 Cr margin -46.1%
EBITDA · FY 2025
-₹71.52 Cr margin -14%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 63%
5 years · compounded
▲ 206%
EBITDA CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 10%
5 years · compounded
▼ 135%
Revenue has grown at a compounded annual rate (CAGR) of 206% over five years, including 2% growth in the latest year. EBITDA rose 55% 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 | -₹71.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹236.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -14% | ||||
| Net Profit Margin | -46.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity 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 Unext Learning Private Limited, buy the company report.
Board of directors of Unext Learning Private Limited
Unext Learning has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chandra Sekhar Reddy Garisa Also directs: Claypond Capital Partners Private Limited, Claypond Sports Private Limited, BPL Medical Technologies Private Limited and 5 more | Director | 26 Mar 2025 | 1 Years 7 Months | Current |
| Shyam Powar Also directs: Memg Family Office LLP, Clay Pond Capital Advisors LLP, Api Holdings Limited and 5 more | Director | 26 Mar 2025 | 1 Years 7 Months | Current |
| Ambrish Sinha | Whole-Time Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Ranjan Ramdas Pai | Director | 10 Dec 2020 | 5 Years 11 Months | Current |
| Gopal Devanahalli | Director | 22 Apr 2021 | 5 Years 6 Months | Current |
Peer comparison
Unext Learning 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 |
|---|---|---|---|---|---|---|
| Schoolnet India Limited | ₹574.82 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Unext Learning Private Limitedthis company | ₹512.14 Cr (FY 2025) | -₹236.04 Cr | -46.1% | 2.0% | 602 | Bengaluru, Karnataka, India |
| Whitehat Education Technology Private Limited | ₹484.72 Cr (FY 2021) | 2596.0% | Mumbai, Maharashtra, India | |||
| Extramarks Education India Private Limited | ₹373.69 Cr (FY 2023) | 244.0% | Noida, Uttar Pradesh, India |
To see the full peer comparison of Unext Learning Private Limited, buy the company report.
Auditor
Unext Learning Private Limited is audited by B S R & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2023 | AAAFB9852F |
Shareholding
The shareholding of Unext 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Unext Learning Private Limited, buy the company report.
Charges & borrowings
Open charges
₹860.06 Cr
Satisfied charges
₹444.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jun 2025 | 101120686 | Others | ₹50 Cr | Open | |
| 30 Dec 2024 | 101032227 | Others | ₹50 Cr | Open | |
| 30 Jul 2024 | 100961931 | The Hongkong and Shanghai Banking Corporation Limited | ₹4 Cr | Open | |
| 03 Jul 2024 | 100944207 | Others | ₹1 Lakh | Open | |
| 28 Mar 2024 | 100895936 | Others | ₹755.8 Cr | Open |
To see the full charge records of Unext Learning Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Unext Learning Private Limited has 15 deals on record (7 rights issues, 5 funding rounds, 1 debt financing), with disclosed funding of ₹267.03 Cr; the latest was in August 2024.
Total deals
15
Rights issues
7
Funding rounds
5
Debt financing
1
Secondary share transfer
1
Disclosed funding
₹267.03 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Funding round | ₹5.5 Cr | Investors: Fastspeed Vanijya LLP , 2 individuals |
| Mar 2022 | Funding round | ₹9.8 Cr | Investors: Global Calcium Private Limited , 3 individuals |
| Feb 2021 | Debt financing | ₹227.24 Cr | Investors: Manipal Global Education Services Private Limited |
| Sep 2020 | Acquisition | ₹33.95 Cr | Buyer: MEMG Family Office Seller: Manipal Global Education Services Private Limited |
| Apr 2019 | Secondary share transfer | Undisclosed | Buyer: Manipal Global Education Services Private Limited , MEMG Family Office Seller: City and Guilds International Limited, City & Guilds Asia Pte Ltd |
To see the full deal history of Unext Learning Private 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
Unext Learning Private Limited has 1 court case on record: 1 filed by Unext Learning. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Bengaluru | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Unext 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.
Credit ratings & regulatory alerts
Unext Learning Private Limited was last rated by Care on 04 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Apr 2022 |
To see the full credit ratings and regulatory alerts of Unext Learning Private Limited, buy the company report.
MSME payment delays
Unext Learning Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 72 overdue payments to 34 micro and small suppliers. 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 (5 of 34)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Srira Construction Company | |||
| Cosmogenic IT Solutions Private Limited | |||
| Maridi Bio Industries Private Limited |
To see the full MSME payment records of Unext Learning Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Unext Learning has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Merittrac Services Private Limited | U74140KA2000PTC027573 |
To see the full group structure of Unext Learning Private Limited, buy the company report.
Employees & EPFO
Unext Learning Private Limited has a workforce of 602 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
602
Active EPFO establishments
1
Employee growth
34.68%
GST
Unext Learning has 4 GST registrations: 3 active and 1 cancelled or inactive.
Total GSTINs
4
Active
3
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCM1498M1ZR | Karnataka | Active | 01 Jul 2017 |
| 09AAGCM1498M1ZT | Uttar Pradesh | Active | 11 Jul 2022 |
| 09AAGCM1498M2ZS | Uttar Pradesh | Active | 01 Aug 2023 |
To see the full GST registrations and return filing status of Unext Learning Private Limited, buy the company report.
Recent activity
Unext Learning Private Limited has 22 board changes on record since 2009: 5 appointments and 17 cessations. The latest: Chandra Sekhar Reddy Garisa ceased to be Additional Director on 24 Sep 2025.
Charges
A charge with Others of Rs. 755.80 Cr registered on 28 Mar 2024 with Charge ID 100895936 was modified on 06 Oct 2025.
AGM
Unext Learning Private Limited last Annual general meeting of members was held on 25 Sep 2025 as per latest MCA records.
Ceased
Chandra Sekhar Reddy Garisa ceased to be Additional Director.
Ceased
Shyam Powar ceased to be Additional Director.
Charges
A charge registered on 03 Jan 2024 via Charge ID 100849631 with Others was fully satisfied on 26 Aug 2025.
Charges
A charge with Others of Rs. 50.00 Cr registered on 24 Jun 2025 with Charge ID 101120686 was modified on 30 Jun 2025.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101120686 was registered on 24 Jun 2025.
Filing
Unext Learning Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Chandra Sekhar Reddy Garisa was appointed as Director.
Appointed
Shyam Powar was appointed as Director.
Charges
A charge with Others of Rs. 50.00 Cr registered on 30 Dec 2024 with Charge ID 101032227 was modified on 31 Dec 2024.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101032227 was registered on 30 Dec 2024.
34 earlier events are in the company report.
News
Frequently asked questions
Unext Learning is an active private limited company based in Bengaluru, Karnataka, India. The company works in edtech solutions, within the education industry. It was incorporated on 07 September 2009 (17+ years old) and is registered under CIN U80302KA2009PTC050865.
Unext Learning has 5 current directors:
- Ambrish Sinha - Whole-Time Director
- Chandra Sekhar Reddy Garisa - Director
- Shyam Powar - Director
- Ranjan Ramdas Pai - Director
- Gopal Devanahalli - Director
The latest financial statements of Unext Learning on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Unext Learning is 29AAGCM1498M1ZR, registered in Karnataka. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 09AAGCM1498M1ZT (Uttar Pradesh), 09AAGCM1498M2ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Unext Learning is U80302KA2009PTC050865. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Unext Learning has 1 court case on record: 1 filed by the company.
Unext Learning was incorporated on 07 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Bangalore.
Unext Learning has 15 deals on record (7 rights issues, 5 funding rounds, 1 debt financing), with disclosed funding of ₹267.03 Cr; the latest was in August 2024.
The peers of Unext Learning by revenue are Schoolnet India Limited, Whitehat Education Technology Private Limited, Extramarks Education India Private Limited, all in the Education industry (Education Technology), with the same principal business activity (educational support services).
Chandra Sekhar Reddy Garisa ceased to be Additional Director on 24 Sep 2025. Shyam Powar ceased to be Additional Director on 24 Sep 2025. Chandra Sekhar Reddy Garisa was appointed as Director on 26 Mar 2025. Unext Learning has 22 board changes on record in total.
Unext Learning has 9 MSME Form 1 returns on record between 2021 and 2024, listing 72 overdue payments to 34 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Unext Learning can be reached through the website u-next.com. Its registered office is in Bengaluru, Karnataka, India.
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