India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 Mayank Kumar ₹1,400 Cr
Revenue · FY 2025
₹1 Lakh
▼ 82% YoY
Net loss · FY 2025
₹19.3 Lakh
Latest filing
EBITDA · FY 2025
-₹1.3 Lakh
EBITDA margin -130%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
2
Provident fund records
Directors on board
2
As per MCA filings
About Upgrad Foundation
Data last updated:
Upgrad Foundation is a private not for profit company based in Mumbai, Maharashtra, India, a subsidiary of Upgrad Education Private Limited. It operates in the educational support services segment of the education and learning sector. It was incorporated on 20 April 2022.
Its director Mayank Kumar is #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U80904MH2022NPL380971.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Mayank Kumar and Rohinton Soli Screwvala.
Its last annual general meeting (AGM) was held on 30 September 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 Lakh, a decline of 82% compared to the previous year. For the same year it recorded a net loss of ₹19.3 Lakh and EBITDA of -₹1.3 Lakh (EBITDA margin -130%).
The company has about 2 employees on its provident fund (EPFO) records.
For more details, the company can be reached via its website upgrad.com.
Company details
CIN U80904MH2022NPL380971
Registration Number 380971
Incorporation Date 20 April 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Upgrad Education Private Limited
Recognitions & Rankings of Upgrad Foundation
Contact details
Upgrad Foundation's registered office is in Mumbai, Maharashtra.
- Social Media
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- 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 & Learing, Educational Support Services
Comprehensive company report
Upgrad Foundation - 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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Financials of Upgrad Foundation
FY 2025 filings availableUpgrad Foundation reported revenue of ₹1 Lakh (down 82% YoY) for FY 2025.
Revenue · FY 2025
₹1 Lakh ▼ 82%
Net loss · FY 2025
₹19.3 Lakh
EBITDA · FY 2025
-₹1.3 Lakh margin -130%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 82%
EBITDA CAGR growth
1 year
▲ 91%
Revenue fell 82% in the latest year. EBITDA rose 91% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
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| Total Expenses | |||
| EBITDA | -₹1.3 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹19.3 Lakh | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -130% | ||
| Net Profit Margin | |||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
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To see the full financial statements and ratios of Upgrad Foundation, buy the company report.
Board of directors of Upgrad Foundation
Upgrad Foundation has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mayank Kumar Also directs: Upgrad Education Private Limited, Borderplus Careers Technologies Private Limited, Upgrad Learnings Private Limited and 4 more | Director | 20 Apr 2022 | 4 Years 6 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 | 20 Apr 2022 | 4 Years 6 Months | Current |
Legal cases
No court or tribunal cases involving Upgrad Foundation 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 Upgrad Foundation; 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 Upgrad Foundation; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Upgrad Foundation has 8 board changes on record since 2022: 2 appointments and 6 cessations. The latest: Kshipra Suresh Jain ceased to be Additional Director on 01 Sep 2023.
AGM
Upgrad Foundation last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Upgrad Foundation has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Kshipra Suresh Jain ceased to be Additional Director.
Ceased
Sharmeen Honey ceased to be Additional Director.
Ceased
Poonam Baidyanath Mishra ceased to be Additional Director.
Ceased
Vaibhav Mohite ceased to be Additional Director.
Ceased
Shamit Sureshkumar Shrivastav ceased to be Additional Director.
Ceased
Sanjay Kumar ceased to be Additional Director.
Appointed
Mayank Kumar was appointed as Director.
Appointed
Rohinton Soli Screwvala was appointed as Director.
Incorporation
20 Apr 2022
Upgrad Foundation was registered on 20 Apr 2022 with Roc Mumbai & aged 4 years 6 months as per MCA records.
News
Frequently asked questions
Upgrad Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in educational support services, within the education and learning industry. It was incorporated on 20 April 2022 (4+ years old) and is registered under CIN U80904MH2022NPL380971.
Upgrad Foundation has 2 current directors:
- Mayank Kumar - Director
- Rohinton Soli Screwvala - Director
The latest financial statements of Upgrad Foundation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The CIN (Corporate Identification Number) of Upgrad Foundation is U80904MH2022NPL380971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Upgrad Foundation was incorporated on 20 April 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Kshipra Suresh Jain ceased to be Additional Director on 01 Sep 2023. Sharmeen Honey ceased to be Additional Director on 01 Sep 2023. Poonam Baidyanath Mishra ceased to be Additional Director on 28 Aug 2023. Upgrad Foundation has 8 board changes on record in total.
Upgrad Foundation can be reached through the website upgrad.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Upgrad Foundation is at 3rd Floor Cts – 796 – A Fleet Building Vlg. Ma, Opp. Marol Fire Station Sir M.V. Road Marol Andheri East, Mumbai, Maharashtra, India – 400059.
Upgrad Foundation operates in the education and learning industry, in the educational support services segment.
Upgrad Foundation is registered under the jurisdiction of the Registrar of Companies (ROC), Mumbai.