Maharashtra Knowledge Corporation Limited designs, develops and deploys state-of-the-art eLearning, eGovernance and eEmpowerment innovations, strategies, models, frameworks, technologies, products, processes, solutions and services at affordable costs for the people. MKCL was promoted by the Department of Higher and Technical Education, Government of Maharashtra, India. MKCL has attained a unique identity as an organization capable of universalization and integration of Information Technology for effective transformations in various walks of life.

MKCL brought the paradigm shift in education sector by filling the digital gap. It also integrated and covered the socio-economic gap with the help of IT in teaching and learning pattern. It’s agenda to provide appropriate solution and services for accessing education at affordable rate irrespective of place without compromising the quality of the product makes them unique. In order to grow, MKCL decided to do strategic alliance with multiple organizations having complementary strengths and to build up a network with all available resources:- infrastructural, financial, human, intellectual etc.

With its range of products and services, MKCL has emerged as a fast-track IT enabler or IT integration partner or business process re-engineering partner and knowledge partner or digital transformation catalyst of the educational institutions ranging from schools to universities as well as of the government, semi-government and private organizations & also for the community development organizations and charitable foundations.


Financial Highlights

Total Income for the year ended in 2023, amounted to INR 203.23 crore as against INR 151.96 crore for the corresponding previous year, the increase in total income is INR 52 crore i.e., 34.43% over last year.

Revenue from operations for FY23 is INR 177.50 crore as against INR 120.70 crore in FY22 i.e., an increase of INR 57 crore i.e., 47% over last year. The total learners count during the same period is 7,38,038 learners as against the learners count of 4,81,786, so there was a comparative increase of 2,56,252 Learners in FY23 as compared to FY22 which increased the revenue by approximately INR 38.43 crore.

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Financial Figures

DESCRIPTION Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17
Total Revenue 203.23 151.96 104.89 200.76 190.07 176.63 143.94
PBT 61.29 47.91 2053.56 6887.42 6087.91 4721.17 3663.03
PAT 47.76 38.68 1705.04 5351.90 4506.82 3280.01 2611.82
Cash Flow from Operations 45.38 -5.69 -1492.49 874.71 1888.61 1816.39 -240.71
Cash Flow from Investing -42.73 -6.94 2157.12 571.18 -1904.67 1713.33 1771.24
Cash Flow from Financing -3.27 -1.03 -2.16 -4.12 -237.54 -194.50 -194.50
EPS 59.11 47.87 21.10 66.23 55.78 40.59 32.32

MKCL is debt-free and maintains sufficient cash to meet its strategic objectives. They have Cash and Cash Equivalents worth of INR 4.47 crore in FY23 as against INR 5.09 crore as compared to FY22. Turnover grew from INR 20 crore in 2002-03 to INR 203 crore in 2023 gives confidence to state established enterprises. It paid INR 320.2 crore to the Government of Maharashtra (GoM) in last twenty-two years by way of dividend, examination fees, SGST, etc. as against GoM’s equity of INR 30 million. Also added INR 269.57 crore to Government of India in last twenty-one years by way of Service tax, VAT, Works Contract Tax, Dividend Distribution Tax, IGST & CGST etc.

It has strong hold with more than 5000 learning centers (ALC’s) across Maharashtra. MKCL’s home-grown eLearning platform viz. ERA (eLearning Revolution for ALL) is a light-weight quasi-online as well as online Learning Management System. MS-CIT is well known IT literacy course and subscribed by millions of learners to educate & skill up their digital literacy. The firm also takes care of pre and post examinations work for almost all the courses conducted by various universities. Going forward it seems clear that MKCL will be banking on gradual organic and in-organic growth due to huge numbers of e-learner and students rallying up to academic institutions.

MKCL knowledge Foundation is the 100% subsidiary of the company. Apart from that, it has three joint ventures Odisha Knowledge Corporation (OKCL), Haryana Knowledge Corporation (HKCL) & MKCL Arabia Limited and statewide project with government of Rajasthan, Odisha, Haryana, Bihar, Assam etc.

Major Shareholders

Govt of Maharashtra, Babasaheb Ambedkar University (Aurangabad), Savitribai Phule Pune University, University of Mumbai, Amravati University, Nagpur University, Shivaji University (Kolhapur), North Maharashtra University (Nanded), Marathwada University (Nanded) etc.

Key Personnel

Dr. Anil Kakodkar – Chairman

Ms Veena Kamath – Managing Director

Mr. Manoj Narvekar – Chief Financial Officer

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