Promoter holding
64.27%
UE
Upgrad Education Private Limited - Due diligence report
A 360° intelligence report on Upgrad: trust score, financial health, credit view, compliance, directors, growth and distress signals - gener…
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Upgrad — 360° Intelligence Report
Generated from MCA filings & public records63/100
Trust Score
Moderate
Upgrad is assessed as Moderate with a Trust Score of 63/100. Upgrad is an active private limited indian non-government company incorporated in 2012, operating in the Education sector. The company has shown revenue growth across its recent filed years. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and high financial risk profile.
Report generated on 14 Jul 2026 from the latest processed filings. Upgrad Education Private Limited snapshot & full profile →
Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.
02
Score Card
Higher is safer · rule-based & explainableTrust ScoreModerate
63/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
15/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreCaution Indicated
40/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
75/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
70/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores and observations on this page are already computed from the real filings - only the underlying figures are locked.
04
Credit & Compliance Intelligence
Why the scores are what they are
Credit Risk Score: 40/100 Caution Indicated
- Negative operating earnings - debt service depends on external support.
Charges position: 12 open (576.17 cr) · 3 satisfied (175.20 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| The Hongkong And Shanghai Banking Corporation Limited | 3 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Others | 5 | 48.0 cr |
| Hdfc Bank Limited | 6 | 48.0 cr |
Compliance Score: 68/100 Moderate
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Litigation present in 2 court forum(s).
- 1 auditor resignation(s) filed - latest: NKR & Co on 2021-02-16.
- Delayed payments to MSME suppliers disclosed (33 disclosure(s)).
- 22 active GST registration(s).
Legal cases on record (2)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| VENKATESH LAKSHMINARAYANAN TARAKKAD | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MAYANK KUMAR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| INDERBIR SINGH DHINGRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ROHINTON SOLI SCREWVALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KHUSHBOO SANDEEP SHAH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDER PRAKASH GURNANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VISHESH SHRIVASTAV | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARNOUD CYRIEL LEO EUGEEN DE MEYER | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Amitabh Kant | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 9 directors on the board.
- No disqualified or deactivated DINs.
- 2 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2024 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
5
Group entities
6
Capital events
48 allotment(s) · 8 transfer(s)
Promoters hold a dominant controlling stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Centum Learning Nigeria Limited | Subsidiary Company | 74.00% |
| Centum Workskills India Limited | Subsidiary Company | 74.00% |
| Global Study Partners Pty Ltd | Subsidiary Company | 74.00% |
| Gsp Education Services Private Limited | Subsidiary Company | 74.00% |
| Knowledge Hut Inc | Subsidiary Company | 74.00% |
| Knowledgehut Solutions Pte Ltd | Subsidiary Company | 74.00% |
| Knowledgehut Solutions Pty Ltd | Subsidiary Company | 74.00% |
| Pt. Upgrad Teknologi (indonesia) | Subsidiary Company | 74.00% |
| Transcube Consulting Dmcc | Subsidiary Company | 74.00% |
| Transcube Consulting Gmbh | Subsidiary Company | 74.00% |
Key managerial personnel: VENKATESH LAKSHMINARAYANAN TARAKKAD (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 75 · Distress 70
Growth signals & trust indicators
Revenue acceleration: +38% over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 13+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Negative net worth.
12 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 21.51 Lakh.
2 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment40/100
Enhanced diligence advised
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 12 open charge(s) of 576.17 cr already registered.
- Compliance gaps should be priced into terms.
Investor view51/100
Mixed indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events22 Nov 2025
Director appointed
Amitabh Kant (Additional Director)
12 Nov 2025
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 100.00 cr
29 Oct 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
22 Dec 2024
Director ceased
CHANDER PRAKASH GURNANI
21 Jun 2024
Charge satisfied
The Hongkong And Shanghai Banking Corporation Limited
22 May 2024
Charge created
Idbi Trusteeship Services Limited - 250.00 cr
31 Mar 2024
Share transfer (FY 2024)
29939.00000000 shares to Mehrauli Realty and Consultants Limited
Share transfer (FY 2024)
11976.00000000 shares to Mehrauli Realty and Consultants Limited
Share transfer (FY 2024)
47903.00000000 shares to Mehrauli Realty and Consultants Limited
Share transfer (FY 2024)
2830.00000000 shares to Mehrauli Realty and Consultants Limited
28 Mar 2024
Director appointed
VENKATESH LAKSHMINARAYANAN TARAKKAD (CFO)
18 Jan 2024
Charge created
The Hongkong And Shanghai Banking Corporation Limited - 100.20 cr
02 Jan 2024
Director appointed
CHANDER PRAKASH GURNANI (Director)
31 Oct 2023
Director ceased
DANIEL LEE ROSENSWEIG
10
Key Observations
Auto-generated from the data aboveRevenue grew 1.42 over the last 4 financial year(s).
Net profit margin moved from 2.1x to 24%.
9 active director(s) / partner(s); board looks stable and experienced.
22 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 5 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 48 security allotment(s) - amounts available in the full report.
8 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Simplilearn | U80904KA2010PTC053153 | Bangalore, Karnataka, India |
| Unacademy | U72200KA2015PTC082063 | Bangalore North, Karnataka, India |
| Manipalcityandguilds | U80302KA2009PTC050865 | Bengaluru, Karnataka, India |
| Krishna Consultants | U27204MH1996PTC096501 | Nagpur, Maharashtra, India |
| Niit Nguru | L72200HR2001PLC099478 | Gurugram, Haryana, India |
| Eurokids | U93000MH2009PTC196084 | Mumbai, Maharashtra, India |
| Navneet | L22200MH1984PLC034055 | Mumbai, Maharashtra, India |
| Physics Wallah | U80900UP2020PLC129223 | Dadri, Uttar Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Upgrad before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Upgrad: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.
Bankers & NBFCs
Current banker verdict: Enhanced diligence advised. Credit risk score 40/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Mixed indicators. Growth score 75/100, margin trends, ownership structure and peer set for Upgrad - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 63/100, distress signals and MSME payment-delay disclosures - know whether Upgrad pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Upgrad - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Upgrad an active company?
Upgrad has MCA status “Active” with a compliance score of 68/100 (Moderate).
Is Upgrad financially healthy?
Upgrad has a Financial Health Score of 15/100 (Caution Indicated) based on its filed financial statements.
Should I do business with Upgrad?
Its overall Trust Score is 63/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Upgrad?
Promoters hold a dominant controlling stake - exact percentages are in the full report. 9 active director(s) are on record.
Does Upgrad have loans or charges against its assets?
12 open charge(s) are registered against its assets, and 3 earlier charge(s) stand satisfied.
Is Upgrad up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).
Is it risky to lend to Upgrad?
Its Credit Risk Score is 40/100 (Caution Indicated). Banker verdict: Enhanced diligence advised.
Disclaimer: This report is generated automatically from MCA filings and public records as available
in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the
underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are
not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice.
Verify from official sources and consult a qualified professional before any business, lending or investment decision.
If you represent this company and believe any information is inaccurate or outdated,
report it here and we will review promptly.
