Merittrac Services Profile
Key Indicators
- Authorised Capital ₹ 16.60 Cr
- Paid Up Capital ₹ 0.57 M
- Company Age 24 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 52.50 Cr
- Satisfied Charges ₹ 51.00 Cr
- Revenue Growth 12.28%
- Profit Growth -103.46%
- Ebitda -228.57%
- Net Worth -47.19%
- Total Assets -13.72%
About Merittrac Services
Merittrac Services Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 04 August 2000 and has a history of 24 years and seven months. Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Education Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 16.60 Cr and a paid-up capital of Rs 0.57 M.
The company currently has active open charges totaling ₹52.50 Cr. The company has closed loans amounting to ₹51.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajesh Moorti, Vaitheeswaran Seetharaman, and Ambrish Sinha serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74140KA2000PTC027573
- Company No.
027573
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
04 Aug 2000
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Education
Who are the key members and board of directors at Merittrac Services?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajesh Moorti  | Director | 01-Nov-2020 | Current |
| Vaitheeswaran Seetharaman | Director | 30-Sep-2011 | Current |
| Ambrish Sinha | Director | 20-Nov-2020 | Current |
Financial Performance of Merittrac Services.
Merittrac Services Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 12.28% increase. The company also saw a substantial fall in profitability, with a 103.46% decrease in profit. The company's net worth observed a substantial decline by a decrease of 47.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Merittrac Services?
In 2022, Merittrac Services had a promoter holding of 99.98% and a public holding of 0.02%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Manipal Health Enterprises Private LimitedVaitheeswaran Seetharaman is a mutual person
Unext Learning Private LimitedAmbrish Sinha is a mutual person
Bpl Medical Technologies Private LimitedRajesh Moorti is a mutual person
Manipal Global Education Services Private LimitedRajesh Moorti and Vaitheeswaran Seetharaman are mutual person
Manipalcigna Health Insurance Company LimitedVaitheeswaran Seetharaman is a mutual person
Finnable Credit Private LimitedVaitheeswaran Seetharaman is a mutual person
Charges (Loans)
Open Charges
₹52.50 Cr
Satisfied Charges
₹51.00 Cr
Charges Breakdown by Lending Institutions
- Others : 52.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Mar 2021 | Others | ₹52.50 Cr | Open |
| 03 Jan 2020 | Others | ₹26.00 Cr | Satisfied |
| 24 Mar 2008 | Others | ₹25.00 Cr | Satisfied |
How Many Employees Work at Merittrac Services?
Merittrac Services has a workforce of 164 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Merittrac Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Merittrac Services's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Merittrac Services
Recent activity within the organization
- Annual General Meeting
Merittrac Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Merittrac Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Charges
A charge with Others of Rs. 52.50 Cr registered on 23 Mar 2021 with Charge ID 100427756 was modified on 30 Dec 2021.
- Charges
A charge registered on 03 Jan 2020 via Charge ID 100319087 with Others was fully satisfied on 30 Jul 2021.
- Charges
A charge with Others amounted to Rs. 52.50 Cr with Charge ID 100427756 was registered on 23 Mar 2021.
- Director Appointment
Ambrish Sinha was appointed as a Director was appointed as a Director on 20 Nov 2020 & has been associated with this company since 4 years 3 months .
Recent News, Updates & Announcement
- MeritTrac's AceTrac: The Solution to Improving Employability Skills in India!.
Measuring and improving employability skills? MeritTrac got you covered with AceTrac! Diagnose strengths and weaknesses, get personalized feedback, and ace that final employability test. We believe everyone can be employable, just need a little help. Affordable and effective solution for students and institutions. Let's fix the employability problem in India! #MeritTrac #AceTrac #EmployabilityEnhancement #FixingTheGap #AffordableSolutions #PioneersInAssessments #20MillionAssessments #DRRARD.
- Why Careers360 now wants to guide the foreign university aspirant.
For every student who dreams about studying in Indian Institute of Technology (IIT) or Indian Institute of Management (IIM), there are many more who dream of going abroad to study. According to the Indian Students Mobility Research 2015 report by education research firm MM Advisory Services, the total number of Indian students who went to study abroad in 2014 was just over 300,000. Compared to 2013, that's a 10% increase in the number of Indian students who preferred a foreign degree..
Frequently asked questions
What is the Incorporation or founding date of Merittrac Services Private Limited?
Merittrac Services Private Limited was incorporated on 04 Aug 2000.
What is authorized share capital and paid-up capital of Merittrac Services Private Limited?
The authorized share capital of Merittrac Services Private Limited is ₹ 16.60 Cr and paid-up capital is ₹ 0.57 M.
Who are the current board members & directors of Merittrac Services Private Limited?
Currently 3 directors are associated with Merittrac Services Private Limited.
- Rajesh Krishnaswamy Moorti
- Vaitheeswaran Seetharaman
- Ambrish Sinha
What is the registered address of Merittrac Services Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Merittrac Services Private Limited is No. 1/1 Swami Vivekananda Road Off Mg Near Trinity Circle, Halasu Ru India, Bengaluru, Karnataka, 560008.
What is the corporate identification number (CIN) and company number of Merittrac Services Private Limited?
The corporate identification number (CIN) of Merittrac Services Private Limited is U74140KA2000PTC027573 and the company number is 027573 as per Ministry of Corporate Affairs (MCA).
What is the official website of Merittrac Services Private Limited?
The Official website of Merittrac Services Private Limited is https://www.merittrac.com
What has been the recent revenue trend for Merittrac Services Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Merittrac Services Private Limited has risen by 12.28%.
How many employees does Merittrac Services Private Limited currently have?
As Per 2022 financial reports, 164 employees are currently employed by Merittrac Services Private Limited.
What change has been observed in the net worth of Merittrac Services Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Merittrac Services Private Limited has experienced an downturn of -47.19%.
What are the total open charges for Merittrac Services Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Merittrac Services Private Limited amount to ₹ 52.50 Cr.
When was the last Balance Sheet of Merittrac Services Private Limited filed with the ROC?
The most recent Balance Sheet for Merittrac Services Private Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Manohar NarasimhanDirectorCM
Chandrasekaran MahadevanNominee DirectorMP
Madan PadakiDirectorMR
Murlidhar RaoDirectorNM
Nisith MohantyDirectorAS
Anand SudarshanNominee DirectorSJ
Shriniwas JoshiNominee DirectorMK
Mohan KannegalDirector
Similar Companies Based on Test Prep & Competitive Exam Coaching
Mcgraw Hill Education (India) Private Limited Chennai, Tamil Nadu, India
Vidya Mandir Classes Limited North West Delhi, Delhi, India
Fiitjee Limited. Delhi, India
Planet Edu Exams Private Limited Gurugram, Haryana, India
Aakash Educational Services Limited Bangaluru, Karnataka, India
Physicswallah Limited Gautam Buddha Nagar, Uttar Pradesh, India_LIMITED.webp)
Arihant Publications (India) Limited Meerut, Uttar Pradesh, India
Vdk Eduventures Private Limited Delhi, India