About Upgrad Education Private Limited
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Upgrad Education Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the elearning and digital education segment of the education sector. It was incorporated on 11 December 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80902MH2012PTC258559. Its GSTIN is 27AAECD4879M1ZZ (Maharashtra). The company holds 24 GST registrations, of which 22 are active.
The company has an authorised share capital of ₹1,664.47 Cr and a paid-up capital of ₹499.04 Cr. It was formerly known as U Education Management Private Limited and F.C. Mumba Sports Management Private Limited. It is led by directors including Mayank Kumar and Inderbir Singh Dhingra.
Its last annual general meeting (AGM) was held on 29 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,649.99 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹273.75 Cr (net margin -16.6%) and EBITDA of -₹65.4 Cr (EBITDA margin -4%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years.
The company has about 8,204 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 10 brands, including UpGrad Enterprise, Upgrad Chennai, Upgrad-Phoenix, upGrad Abroad, upGrad Campus and others. As per MCA filings, the company has open charges of ₹576.17 Cr and satisfied charges of ₹175.2 Cr on record. Court records list 17 cases involving the company, including 6 filed by the company and 8 filed against it; 9 cases are pending. The company has 31 deals on record (18 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹3,577.25 Cr; the latest was in November 2024. Its 10 peer companies in the Education industry (Corporate and Commercial Training, E Learning, Education) are compared by revenue, 5 larger and 5 smaller; the largest is Straive Private Limited with revenue of ₹2,923.28 Cr. The company has 9 MSME Form 1 returns on record between 2020 and 2024, listing 70 overdue payments to 39 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 upgrad.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address3rd Floor Cts – 796 – A Fleet Building Vlg. Ma, Opp. Marol Fire Station Sir M.V. Road Marol Andheri (East), Mumbai, Maharashtra, India – 400059
- IndustryEducation, eLearning & Digital Education
- 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
- One PDF report, delivered after checkout
Business Activity of Upgrad Education Private Limited
The business activities of Upgrad Education are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | P4 | Locked | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Upgrad Education Private Limited FY 2025 filings available
Upgrad Education Private Limited reported revenue of ₹1,649.99 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Upgrad Education Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 34% over three years, including 7% growth 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 of Upgrad Education Private Limited
| 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 | -₹65.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹273.75 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 | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Upgrad Education Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -16.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Upgrad Education are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Upgrad Education Private Limited
Upgrad Education Private Limited is compared with the companies closest to it by revenue in the Education industry (Corporate and Commercial Training, E Learning, Education). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Straive Private Limited | ₹2,923.28 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Nspira Management Services Private Limited | ₹2,845.38 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Navneet Education Limited Listed | ₹1,809.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Niit Learning Systems Limited | ₹1,698.18 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Gurugram, Haryana, India |
| Varsity Education Management Private Limited | ₹1,693.27 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Upgrad Education Private Limited this company | ₹1,649.99 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Idp Education India Private Limited | ₹1,060.33 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | New Delhi, Delhi, India |
| Yashaswi Academy for Skills | ₹998.54 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Pune, Maharashtra, India |
| Sorting Hat Technologies Private Limited | ₹826.2 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Bangalore, Karnataka, India |
| Pearson India Education Services Private Limited | ₹737.18 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Chennai, Tamil Nadu, India |
| Neuroglia Health Private Limited | ₹656.79 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Upgrad Education by revenue in the Education industry (Corporate and Commercial Training, E Learning, Education), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Upgrad Education Private Limited
Upgrad Education Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Upgrad Education Private Limited
Upgrad Education has 7 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Kumar Also directs: Upgrad Foundation, Borderplus Careers Technologies Private Limited, Upgrad Learnings Private Limited and 4 more | Director | 13 Feb 2015 | 11 Years 7 Months | Current |
| Inderbir Singh Dhingra | Director | 13 Sep 2021 | 5 Years 0 Months | Current |
| Rohinton Soli Screwvala Also directs: Unilazer Alternative Ventures LLP, The Sky Is Pink Productions LLP, Uvpl Poetic License Development LLP and 3 more | Director | 13 Feb 2015 | 11 Years 7 Months | Current |
| Chander Prakash Gurnani Also directs: Mahindra Holidays & Resorts India Limited, Eok Gems & Jewellery Private Limited, Gro Green Renewables Private Limited and 4 more | Director | 02 Jan 2024 | 2 Years 9 Months | Current |
| Vishesh Shrivastav Also directs: Haldiram Snacks Food Private Limited, Temasek Holdings Advisors India Private Limited, Algonomy Software Private Limited and 2 more | Director | 07 Jul 2021 | 5 Years 3 Months | Current |
| Arnoud Cyriel Leo Eugeen De Meyer | Director | 22 Nov 2021 | 4 Years 10 Months | Current |
Ownership and Shareholding of Upgrad Education Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Upgrad Education Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2025 | The Hongkong and Shanghai Banking Corporation Limited | ₹100 Cr | Open |
| 22 May 2024 | Idbi Trusteeship Services Limited | ₹250 Cr | Open |
| 18 Oct 2023 | Hdfc Bank Limited | ₹7.27 Lakh | Open |
| 06 Oct 2023 | Hdfc Bank Limited | ₹14.34 Lakh | Open |
| 18 Aug 2023 | Hdfc Bank Limited | ₹10 Lakh | Open |
Total charge records: 15 View all charges
Deals & Funding of Upgrad Education Private Limited
Upgrad Education Private Limited has 31 deals on record (18 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹3,577.25 Cr; the latest was in November 2024.
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2024 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Bharti Enterprises Limited |
| May 2024 | Debt financing | ₹250 Cr | Investors: EvolutionX Debt Capital |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: ETS Strategic Capital Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: Artian Investments Seller: an individual |
| Feb 2015 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Zakuro Agri Private Limited , an individual |
Full deal history
All 31 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Upgrad Education Private Limited
Upgrad Education Private Limited has 17 court cases on record: 6 filed by Upgrad Education, 8 filed against it, 3 where it is another party. 9 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 6 | 6 |
| High courts | 6 | 1 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Commercial suit | Filed by the company against Intellipaat Software Solutions Private Limited | Disposed |
| High Court of Delhi | Commercial suit | Filed by the company against Interviewbit Technologies Private Limited | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, North West, Delhi | Criminal case | Filed against the company by an individual | Pending |
| High Court of Himachal Pradesh | Writ petition | Company is another party | Pending |
Full case history
All 17 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Upgrad Education Private Limited
Upgrad Education Private Limited has 9 MSME Form 1 returns on record between 2020 and 2024, listing 70 overdue payments to 39 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 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Consolidated Techware Private Limited | •••• | •••• | •••• |
| Conquer Technolog Ies | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Daalchini Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 9 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Upgrad Education Private Limited
Upgrad Education operates multiple associated brands including UpGrad Enterprise, Upgrad Chennai, and Upgrad-Phoenix. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides corporate training programs in tech, leadership, and talent development for enterprises. | upgrad-enterprise.com | |
| Provides online courses and degrees in management and technology areas. | phoenix-upgrad.com | |
| upGrad Abroad offers comprehensive solutions for college discovery and applications. | upgradabroad.com | |
| Online education platform providing programs in AI, data science, MBA, and professional certifications. | upgradcampus.com | |
| Professional certification training courses are provided via an online platform. | upgrad.com | |
| Professional certification training is delivered via classrooms and virtual sessions. | knowledgehut.com | |
| In-person coaching for postgraduate engineering entrance exams is offered. | thegateacademy.com | |
| End-to-end training and skill development solutions are delivered. | centumlearning.com | |
| Live online digital courses on various topics are provided. | talentedge.com | |
| Offers online degrees and certifications in tech, management, and data areas. | upgradchennai.com |
Employees and EPFO Compliance at Upgrad Education Private Limited
Upgrad Education Private Limited has a workforce of 8,204 employees as of Jan 16, 2026.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Upgrad Education Private Limited
Upgrad Education has 5 subsidiary companies 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 |
|---|---|---|
| Upgrad Learnings Private Limted | U80301MH2011PTC405156 | Locked |
| Future Technology Skills Foundation | U80301MH2021NPL354978 | Locked |
| Gsp Education Services Private Limited | U80902MH2019FTC424952 | Locked |
| Upgrad Foundation | U80904MH2022NPL380971 | Locked |
| Centum Workskills India Limited | U93000MH2010PLC402279 | Locked |
Showing major subsidiaries. Total: 5.
Name History of Upgrad Education Private Limited
Upgrad Education has undergone 3 name changes throughout its history. The company was previously known as U Education Management Private Limited, F.C. Mumba Sports Management Private Limited, and Dharower Farms Private Limited. The current legal name is Upgrad Education Private Limited.
| Company Name | Status |
|---|---|
| Upgrad Education Private Limited | Current |
| U Education Management Private Limited | Previous |
| F.C. Mumba Sports Management Private Limited | Previous |
| Dharower Farms Private Limited | Previous |
CIN History of Upgrad Education Private Limited
Upgrad Education has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U80902MH2012PTC258559, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80902MH2012PTC258559 | Current |
| U01400MP2012PTC029684 | Previous |
| U01400MH2012PTC258559 | Previous |
News related to Upgrad Education Private Limited
Recent Activity on Upgrad Education Private Limited
Upgrad Education Private Limited has 19 board changes on record since 2014: 8 appointments and 11 cessations. The latest: Amitabh Kant was appointed as Additional Director on 22 Nov 2025.
35 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Upgrad Education Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Upgrad Education Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Upgrad Education Private Limited
Upgrad Education has 24 GST registrations: 22 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECD4879M1ZZ | Maharashtra | Active | 01 Jul 2017 |
| 27AAECD4879M2ZY | Maharashtra | Active | 12 Jul 2024 |
| 36AAECD4879M1Z0 | Telangana | Active | 24 Jan 2018 |
| 29AAECD4879M2ZU | Karnataka | Active | 28 Oct 2021 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Upgrad Education Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Upgrad Education Private Limited
Upgrad Education is an active private limited company based in Mumbai, Maharashtra, India. The company works in elearning and digital education, within the education industry. It was incorporated on 11 December 2012 (14+ years old) and is registered under CIN U80902MH2012PTC258559.
Upgrad Education reported revenue of ₹1,649.99 Cr for FY 2025 (up 7% YoY).
Upgrad Education has 7 current directors:
- Mayank Kumar - Director
- Inderbir Singh Dhingra - Director
- Rohinton Soli Screwvala - Director
- Chander Prakash Gurnani - Director
- Vishesh Shrivastav - Director
- Arnoud Cyriel Leo Eugeen De Meyer - Director
- Amitabh Kant - Additional Director
Upgrad Education reported a net loss of ₹273.75 Cr (net margin -16.6%) and EBITDA of -₹65.4 Cr (EBITDA margin -4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Upgrad Education is 34% over three years. In the latest year (FY 2025) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Upgrad Education is 27AAECD4879M1ZZ, registered in Maharashtra. The company has 24 GST registrations in all, of which 22 are active and 2 are cancelled or inactive. Other active GSTINs include 27AAECD4879M2ZY (Maharashtra), 36AAECD4879M1Z0 (Telangana), 29AAECD4879M2ZU (Karnataka).
The CIN (Corporate Identification Number) of Upgrad Education is U80902MH2012PTC258559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upgrad Education has 17 court cases on record: 6 filed by the company and 8 filed against it. 9 are pending. Most are in the district courts.
Upgrad Education was incorporated on 11 December 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Upgrad Education has 31 deals on record (18 funding rounds, 9 secondary share transfers, 2 debt financings), with disclosed funding of ₹3,577.25 Cr; the latest was in November 2024.
The peers of Upgrad Education by revenue are Straive Private Limited, Nspira Management Services Private Limited, Navneet Education Limited, Niit Learning Systems Limited, Varsity Education Management Private Limited and 5 more, all in the Education industry (Corporate and Commercial Training, E Learning, Education).
Amitabh Kant was appointed as Additional Director on 22 Nov 2025. Chander Prakash Gurnani ceased to be Additional Director on 22 Dec 2024. Venkatesh Lakshminarayanan Tarakkad was appointed as CFO on 01 Mar 2024. Upgrad Education has 19 board changes on record in total.