Mt Educare Profile
Key Indicators
- Authorised Capital ₹ 80.00 Cr
- Paid Up Capital ₹ 72.23 Cr
- Company Age 18 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 171.80 Cr
- Satisfied Charges ₹ 154.60 Cr
- Revenue Growth -46.51%
- Profit Growth 16.23%
- Ebitda 21.10%
- Net Worth -18.03%
- Total Assets -11.56%
About Mt Educare
Mt Educare Ltd (MEL) is Under Cirp company established on 19 Aug 2006 with its office registered at Mumbai, Maharashtra, India and has been running since 18 Year, 7 Months with a paid up capital of 72.23 Cr. According to MCA records, 6 Directors and 1 Signatories are linked to this company as of 18 Jan 2025.
Company Details
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Location
Mumbai, Maharashtra, India
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Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Education
Who are the key members and board of directors at Mt Educare?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravindra Mishra
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Company Secretary | 15-Nov-2019 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Nanette Ralph
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Director | 31-Mar-2020 | Current |
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Dattatraya Ramchandra
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Director | 30-Dec-2019 | Current |
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Roshan Kamboj
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Director | 26-Sep-2019 | Current |
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Karunn Kandoi
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Director | 01-Mar-2021 | Current |
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Vipin Choudhary
|
Director | 02-Feb-2021 | Current |
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Surender Singh
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Director | 24-Jul-2020 | Current |
Financial Performance of Mt Educare.
Mt Educare Ltd, for the financial year ended 2022, experienced significant reduction in revenue, with a 46.51% decrease. The company also saw a substantial improvement in profitability, with a 16.23% increase in profit. The company's net worth observed a substantial decline by a decrease of 18.03%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Mt Educare?
In 2022, Mt Educare had a promoter holding of 59.12% and a public holding of 40.87%. The company had 7 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Zee Media Corporation LimitedSurender Singh is a mutual person
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Vitizen Hotels LimitedNanette Ralph is a mutual person
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Essel Finance Advisors And Managers LlpVipin Choudhary is a mutual person
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Essel Finance Wealth Zone Llp
Vipin Choudhary is a mutual person
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Essel Finance Capstar Advisory Llp
Vipin Choudhary is a mutual person
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Essel Finance Portfolio Managers Llp
Vipin Choudhary is a mutual person
Charges (Loans)
Open Charges
₹171.80 Cr
Satisfied Charges
₹154.60 Cr
Charges Breakdown by Lending Institutions
- Others : 112.49 Cr
- Axis Bank Limited : 59.31 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jul 2021 | Others | ₹2.49 Cr | Open |
| 12 Apr 2017 | Others | ₹110.00 Cr | Open |
| 27 Feb 2017 | Axis Bank Limited | ₹33.00 Cr | Open |
| 26 Nov 2014 | Axis Bank Limited | ₹26.31 Cr | Open |
| 25 Jan 2017 | Others | ₹20.00 Cr | Satisfied |
How Many Employees Work at Mt Educare?
Mt Educare has a workforce of 129 employees as of Mar 28, 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 Mt Educare, 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 Mt Educare'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 Mt Educare
Recent activity within the organization
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Annual General Meeting
Mt Educare Ltd last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
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Balance Sheet
Mt Educare Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
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Charges
A charge with Others of Rs. 110.00 Cr registered on 12 Apr 2017 with Charge ID 100095398 was modified on 11 Aug 2023.
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Charges
A charge with Others amounted to Rs. 2.49 Cr with Charge ID 100466486 was registered on 07 Jul 2021.
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Director Appointment
Karunn Kandoi was appointed as a Director was appointed as a Director on 01 Mar 2021 & has been associated with this company since 4 years 30 days .
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Director Appointment
Vipin Choudhary was appointed as a Director was appointed as a Director on 02 Feb 2021 & has been associated with this company since 4 years 1 month .
Recent News, Updates & Announcement
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Corporate Scandal Uncovered: Auditors Turn a Blind Eye as Mumbai Company Engages in Fraud.
When you find out your company is involved in fraud and your auditors knew about it but didn't do anything. #corporategovernanceissues #accountingfraud #auditorssleepingonthejob #profitoverloss #whistleblower #mumbaicompany #shareholdersbeware #promoterssellingout #stockpriceplummets #shadybusiness #mumbai #bse #mteeducare #etquery #seriousfraudinvestigation #investigatethematter #promoterssellingout #minimumpublicshareholding #ofs #stockpricefall #corporatefraud #auditorsinaction #shareholdersloss #meme #humblelangauge.
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MT Educare scripts a turnaround, clocks 3% rise in operating revenues in FY19.
Company reports PAT of Rs 9.12 crore in the previous fiscal.
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MT Educare plans IPO for online educational technology platform.
An email sent to MT Educare seeking comments did not elicit any response..
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MT Educare Seeks Investors for Robomate App, Aims for Valuation of Rs 700-1,000 Crore to Compete with Byju's.
When you try to be like Byju's but end up being a separate entity. MT Educare is looking for investors to raise money for their online education app Robomate. They want a valuation of Rs 700-1,000 crore and plan to use the money to expand. Byju's is already valued at $5 billion and MT Educare's shareholders have approved a resolution to raise Rs 400 crore. Let's see if they can catch up..
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Frequently asked questions
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What is the Incorporation or founding date of Mt Educare Ltd?
Mt Educare Ltd was incorporated on 19 Aug 2006.
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What is authorized share capital and paid-up capital of Mt Educare Ltd?
The authorized share capital of Mt Educare Ltd is ₹ 80.00 Cr and paid-up capital is ₹ 72.23 Cr.
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Who are the current board members & directors of Mt Educare Ltd?
Currently 7 directors are associated with Mt Educare Ltd.
- Dattatraya Kelkar Ramchandra
- Roshan Lal Kamboj
- Karunn Kandoi
- Vipin Choudhary
- Nanette DSa Ralph
- Surender Singh
- Ravindra Ashok Mishra
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What is the registered address of Mt Educare Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Mt Educare Ltd is 220 2Ndfloor Flyingcolors Panditdindayalupadhyaymarg L.B.Scrossroad Mulund (West), India, Mumbai, Maharashtra, 400080.
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What is the corporate identification number (CIN) and company number of Mt Educare Ltd?
The corporate identification number (CIN) of Mt Educare Ltd is L80903MH2006PLC163888 and the company number is 163888 as per Ministry of Corporate Affairs (MCA).
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Is Mt Educare Ltd registered with any stock exchange in India?
Yes, Mt Educare Ltd is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): MTEDUCARE.
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What is the official website of Mt Educare Ltd?
The Official website of Mt Educare Ltd is https://www.mteducare.com
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What has been the recent revenue trend for Mt Educare Ltd?
According to the financial reports for the fiscal year 2022, the revenue trend for Mt Educare Ltd has fallen by -46.51%.
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How many employees does Mt Educare Ltd currently have?
As Per 2022 financial reports, 129 employees are currently employed by Mt Educare Ltd.
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What change has been observed in the net worth of Mt Educare Ltd, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Mt Educare Ltd has experienced an downturn of -18.03%.
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What are the total open charges for Mt Educare Ltd?
As per the financial statements for fiscal Year 2022, The total open charges for Mt Educare Ltd amount to ₹ 171.80 Cr.
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When was the last Balance Sheet of Mt Educare Ltd filed with the ROC?
The most recent Balance Sheet for Mt Educare Ltd was filed with the ROC on 31 Mar 2024.
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