Maharashtra Knowledge Corporation Unlisted Share Price Today
ISIN INE03KR01016.
Maharashtra Knowledge Corporation (MKCL) is a government-promoted public limited company in India, established in 2001 by the Department of Higher and Technical Education, Government of Maharashtra. The company operates at the intersection of digital education, skill development, and e-governance , focusing on bridging the digital divide and enhancing employability across diverse population segments. MKCL is engaged in the design, development, and delivery of eLearning, eGovernance, and eEmpo…
Maharashtra Knowledge Corporation
Maharashtra Knowledge Corporation Unlisted Share Price Today
Maharashtra Knowledge Corporation (MKCL) is a government-promoted public limited company in India, established in 2001 by the Department of Higher and Technical Education, Government of Maharashtra. The company operates at the intersection of digital education, skill development, and e-governance, focusing on bridging the digital divide and enhancing employability across diverse population segments. MKCL is engaged in the design, development, and delivery of eLearning, eGovernance, and eEmpowerment solutions, offering programs such as MS-CIT (IT literacy) and KLiC vocational courses, supported by a widespread network of over 5,000 learning centers. Its revenue model is driven by course fees, certification programs, government projects, and technology-enabled services, with a strong emphasis on affordable, scalable, and mass-personalized learning.
The company follows a network-driven, asset-light operating model, leveraging partnerships with training centers, universities, and government bodies under a public-private framework. It focuses on digital inclusion, large-scale reach, and cost-efficient delivery, rather than high-end premium positioning, making operating scale and learner volumes critical to growth.
Headquartered in Pune, India, MKCL has expanded beyond Maharashtra through joint ventures and projects in multiple states such as Odisha and Haryana, along with international presence in regions like the Middle East.
EBITDA margin dropped to 16.6% in FY25 (vs ~37% in FY24) and PAT fell ~50%, reflecting a significant one-off impact affecting overall earnings quality.
Revenue grew strongly from ₹68 Cr (FY21) to ₹276 Cr (FY25) (~4x growth), but YoY growth slowed from 75.8% (FY22) to 17.7% (FY25), indicating maturing growth momentum.
Income Statement
Key Managerial Personnel
As of FY26Dr. Anant Sardeshmukh is a seasoned industry leader and former Director General of MCCIA, with extensive experience in corporate strategy and institutional leadership. He currently serves as a Director at MKCL.
Sameer Pande is the Managing Director of Maharashtra Knowledge Corporation (MKCL), with over 30 years of experience in digital education, e-governance, and skill development. He has held leadership roles across MKCL and its joint ventures, driving large-scale technology-enabled learning initiatives and institutional growth.
