Maharashtra Knowledge Unlisted Share

ABOUT THE COMPANY

Maharashtra Knowledge Corporation Ltd. was incorporated in 2001 and is headquartered in Pune, Maharashtra. Its core objective is to offer educational and skill development courses, including MS-CIT (Maharashtra State Certificate in Information Technology), MKCL’s WAVE, KLIC, traditional classroom-based learning, print media-based, CD-based self-learning, and web-based collaborative e-learning. Additionally, it provides services through its proprietary admission, examination, and recruitment software frameworks, through MKCL’s Online Application Solutions and Integrated Services (MKCL’s OASIS).

The objective of MKCL is to modernize the education system by bridging the Digital Divide. It aims to make Information Technology a universal and integral part of the teaching, learning, skill development, and socio-economic transformation.

MKCL's coordination moved from the Department of Higher & Technical Education to the General Administration Department (GAD) on January 5, 2018, and was later allocated to the Directorate of Information Technology under the GAD. This change aimed to enhance the efficiency and effectiveness of MKCL's services across various government departments in Maharashtra.

VISION: To develop learning, governance and empowerment systems which are world-class and value-based and which are responsive to the individual and social developmental needs of the people by bridging the Digital Divide.

MISSION: To offer life-long learning, governance and empowerment services through appropriate partnerships

1. to a vast population with various diversities: Bigger 
2. with high quality of relevance and applicability in life and work: Better 
3. at an affordable cost: Cheaper 
4. within the shortest possible time: Faster 
5. with wide accessibility from metros to villages: Wider 
6. in a mass-personalized manner: Deeper personal experience

as it is critical for the survival, development and empowerment of individuals, communities and nations.

GOALS: To prepare the people for a knowledge-based economy and society

1. To champion the cause of life-long learning with developmental orientation
2. To stimulate the creation of world-class knowledge resources
3. To provide universal access to them through Information Technology

4. To bridge the Digital Divide and the resultant Knowledge Divide

Distinctive Identity: The founders conceived a unique identity of MKCL as a fast-track IT enabler and a complimenting and supplementing partner of the Universities, Government and communities for the fulfilment of the new and growing aspirations of students in particular and people in general in the emerging knowledge society and knowledge-led economy of the twenty-first century.

PRODUCT PORTFOLIO

BUSINESS HIGHLIGHTS FOR FY2022-23

INDUSTRY OVERVIEW

The e-learning market in India is expected to grow significantly, reaching INR 312.13 billion by 2026, at a CAGR of 12% from 2024-2032. The primary and secondary education segment is projected to reach INR 93.23 billion by 2026, growing at a CAGR of 11.36%, while the higher education market is expected to reach INR 20.94 billion by 2026, at a CAGR of 10.08%. Additionally, the e-learning sector is likely to adopt advanced tools like augmented reality (AR) and virtual reality (VR) to enhance the learning experience and simulate a physical classroom, potentially revolutionizing how students, teachers, and parents engage with e-learning platforms. The future looks bright for the e-learning market in India, with robust growth and transformative technological advancements.

FINANCIALS 

MKCL experienced strong revenue growth of 39.92% and an increase in profit after tax (PAT) by 35.43%. The earnings before interest and taxes (EBIT) also saw a significant growth of 46.22%. The 4-Years compound annual growth rates (CAGR) for revenue and PAT were 40.99% and 63.48% respectively, indicating consistent and impressive growth over the years. Overall, these figures suggest that the company has been able to effectively increase its revenue, profitability, and operational efficiency over the years, leading to a positive growth trend and improved financial performance. Over the years, MKCL's turnover had grown substantially, from Rs. 200 million in 2002-03 to Rs. 1900.71 million in 2018-19. This growth trajectory reflects the company's success and serves as an example of a state-established enterprise making significant contributions to the e-learning sector.

KEY RATIOS

SEGMENT-WISE BREAKDOWN - REVENUE

The highest contributor of revenue was MKCL's Knowledge Lit Careers Development Programs (KLC-DP) at Rs. 11.9.75 Crs. The segment-wise breakdown of revenue for FY-23 from MKCL's Business Development Programs is as follows.

MAHARASHTRA KNOWLEDGE CORPORATION LTD. UNLISTED SHARE PRICE JOURNEY

The unlisted share price of MKCL reached a 52-week low on July 11th 2023, at Rs. 343 and a 52-week high on August 22 2023, at Rs. 540. The unlisted share price as of 28 February 2024 is Rs. 410. 

Maharashtra Knowledge Corporation (MKCL) Annual Report 2022-23

Maharashtra Knowledge Corporation (MKCL) Annual Report 2021-22

Maharashtra Knowledge Corporation (MKCL) Annual Report 2020-21

Maharashtra Knowledge Corporation (MKCL) Annual Report 2019-20

Maharashtra Knowledge Corporation (MKCL) Annual Report 2018-19

Maharashtra Knowledge Corporation (MKCL) Annual Report 2017-18