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Maharashtra Knowledge Corporation Limited Unlisted Shares

Maharashtra Knowledge Corporation (MKCL) Limited logo

In the sprawling landscape of India’s diverse states, Maharashtra stands out for its entrepreneurial spirit and unwavering commitment to progress. Yet, within this bustling realm lies a silent divide – a gap between knowledge and opportunity, aspiration and fulfillment. Bridging this chasm is the mission of Maharashtra Knowledge Corporation Limited (MKCL), a unique public limited company established by the Department of Higher and Technical Education, Government of Maharashtra.

Maharashtra Knowledge Corporation Limited (MKCL) was promoted by the Department of Higher and Technical Education (H & TE), Government of Maharashtra (GoM), India and was incorporated under the Companies Act, 1956.

MKCL commenced its business operations in April 2002 over the entire state of Maharashtra ( the most industrialized state in India admeasuring about 300,000 sq. km. and having the population exceeding 100 million) and in a span of seventeen years it has emerged as a high-tech and high-touch initiative focused on design, development, and delivery of innovative eLearning, eGovernance, and empowerment technologies, solutions, and services to its ever-growing base of millions of customers in public at large, Universities, Governments, and Communities.

MKCL envisioned a state empowered by readily accessible knowledge and essential services. This ambitious vision translated into a multi-pronged approach:

Education Revolution: MKCL spearheads an educational revolution through its iconic KLiC (Knowledge Lit Careers) brand. By collaborating with ten leading universities in the state, it offers industry-aligned vocational courses, bridging the gap between academic qualifications and skill sets demanded by the market. Over 5,000 Authorized Learning Centers (ALCs) across Maharashtra deliver these courses, ensuring accessibility for even the most remote communities.
Governance Reinvention: MKCL champions digital governance, streamlining administrative processes and enhancing transparency. Its SDDMS (Skill Development Data Management System) platform empowers skill development missions to manage activities efficiently and effectively. MKCL Libreria, an end-to-end library management software, enhances the functionality of libraries across the state.
Empowering Individuals: MKCL’s reach extends beyond institutions, directly impacting individuals. Its PFM (Personal Financial Management) course equips citizens with financial literacy, enabling informed financial decisions. TiliMili, a Doordarshan series, makes learning engaging and interactive for students from primary to secondary levels.

The Impactful Tapestry:

MKCL’s footprint weaves a rich tapestry of achievements:

Over 1 crore university students have benefited from MKCL’s educational e-Governance services.
More than 1.5 crore learners have accessed digital empowerment through the MS-CIT (Maharashtra State Certificate in Information Technology) course.
MKCL’s network of authorized learning centers employs over 25,000 trainers, generating sustainable livelihoods and contributing to local economies.

Beyond Numbers, an Impact:

However, MKCL’s impact transcends mere numbers. It ignites the spark of knowledge in young minds, fosters inclusive economic growth, and equips individuals with the tools to navigate the modern world. For rural students, an MKCL ALC might represent the only access to quality education. For underprivileged communities, its financial literacy programs pave the way for financial independence.

Looking Ahead:

MKCL’s journey is far from over. Its future plans envision:

Expanding its KLiC offerings to address emerging industry needs and skill gaps.
Forging strategic partnerships with international institutions to further enhance educational offerings.
Leveraging cutting-edge technologies like Artificial Intelligence and Virtual Reality to create immersive learning experiences.

A Beacon of Hope:

Maharashtra Knowledge Corporation Limited stands as a beacon of hope in the pursuit of a knowledge-driven Maharashtra. By democratizing access to education, skills training, and essential services, it empowers individuals and communities, paving the way for a brighter, more inclusive future. As MKCL continues its unwavering journey, its transformative impact echoes across the state, whispering a promise: to bridge the divide, one step, one empowered individual at a time

In order to make the capabilities of MKCL available to all the departments of Government of Maharashtra, governmental coordination of the affairs of the company has been handed over from January 05, 2018, to the General Administration Department (GAD) from Department of Higher & Technical Education. Subsequently, it was allocated to the Directorate of Information Technology under GAD.

Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares Details:

Total Available Shares: 1,000
Face Value: ₹ 10 Per Equity Share
ISIN: INE03KR01016
Lot Size: 100 Shares
Current Unlisted Share Price: ₹ Best In Industry Per Equity Share

Promoters And Management:

The government of Maharastra is the promoter of the company.

Shareholding Pattern:

Top 10 Shareholders as on 31.03.2020

Name No. of Shares % of Total Shares
Dr. Babasaheb Ambedkar Marathwada University, Aurangabad 3,70,000 4.58
 Savitribai Phule Pune University 3,70,000 4.58
University of Mumbai 3,70,000 4.58
Sant Gadgebaba Amravati University, Amravati 3,70,000 4.58
Rashtrasant Tukadoji Maharaj Nagpur University 3,70,000 4.58
Shivaji University, Kolhapur 3,10,000 3.84
Yahswantrao Chavan Maharashtra Open University 1,85,000 2.29
Swami Ramanand Teerth Marathwada University, Nanded 1,85,000 2.29
North Maharashtra University, Jalgaon 1,85,000 2.29
Secretary, Maharashtra State Board of Technical Education 1,85,000 2.29
Mehmooda Shikshan & Mahila Gramin Bahuuddeshiya Sanstha 1,85,000 2.29

Financials of Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares:

(Fig. in Lakhs)

Year Revenue EBITDA OPM PAT  NPM Shares F.V. EPS NW RONW
2016 16195 5019 31% 3122 19% 80.80 10 38 22,262 14%
2017 14394 3914 27% 2612 18% 80.80 10 32 24,679 11%
2018 17663 4845 27% 3282 19% 80.80 10 40 28,226 12%
2019 19007 6291 33% 4507 24% 80.80 10 55 32,487 14%
2020 20076 7319 36% 6797 33% 80.80 10 65 39042 17%
FY18-19 Highlights:
(i) Total revenues for the year ended March 31, 2019, amounted to Rs.19,007.16 Lakhs as against Rs.17,663.44 Lakhs for the corresponding previous year, the increase in total revenues is Rs.1,343.72 Lakhs i.e. 7.61% over last year. There is an increase in turnover from MS-CIT as compared to the previous FY’s turnover. MSCIT is an Information Technology (IT) literacy course started by MKCL in the year 2001. The MS-CIT learners count in FY 2018-19 was 746707 as against 724348 for FY 2017-18 which is an increase by 22359 learners i.e a 3.09% increase as compared to the previous FY.
Another reason for the increase in total revenue and profits was due to revenue from the Mission Mode Skill Development Program (MMSDP) of Rs.3228.13 Lakhs as against Rs.2787.72 Lakhs for the previous FY 2017-18 which is an increase of Rs.440.41 Lakhs I .e.15.80% higher than the previous year.
(ii) The Profits after tax and before OCI for the year ended March 31, 2019, amounted to Rs.4506.82 Lakhs as against Rs.3281.51 Lakhs for the previous Financial Year (FY), which is an increase of Rs.1225.31 Lakhs i.e. 37.33% higher than the previous Financial year.
(iii) The company has recommended a final dividend @ Rs.3/- per equity share of Rs.10/- each.
(iv) The company is debt-free.
Financial Highlights FY19-20
1. Revenue from operations for the F.Y.2019-20 is Rs.15,790.37 Lakhs as against Rs.16,442.12 Lakhs in the previous F.Y.2018-19 i.e. decrease by Rs.651.75 Lakhs. The main reason for the decrease in revenue is due to the COVID-19 pandemic situation resulting in mandatory Lockdown being imposed in India from March 23, 2020. Hence, all the Authorised Learning Centers were closed. As a result of the Lockdown, there were no MS-CIT admissions for March 2020 batch.
2. The Learner count for KLiC courses has increased from 62,664 learners in F.Y.2018-19 to 70,720 Learners in F.Y.2019-20 i.e. increase by 8056 learners which is 12.86% increase as compared to previous F.Y.
3. Revenue from Mission Mode Skill Development Program (MMSDP) of Rs.3,317.28 Lakhs in F.Y. 2019-20 as against Rs.3,228.13 Lakhs for the previous F.Y. 2018-19 which is an increase of Rs.89.15 Lakhs i.e. 2.76% higher than the previous year. The number of learners under Kushal Yuva Program of Bihar, under skill development in F.Y. 2019-20 was 387407 as against 363254 in the previous F.Y. 2018-19 i.e. increase by 24153 i.e. 6.65% over last year.
4. The company is debt-free.
Valuation: CMP of MKCL = 300 No. of shares outstanding = 80 Lakh Mcap = 240 Crores Mcap/Revenue = 1.2x (undervalued) P/E = 5x ( Highly undervalued)

Company Address:

ICC Trade Tower, ‘A’ Wing, 5th Floor, Senapati Bapat Road, Shivajinagar, Pune 411 016, Maharashtra, India. Phone: +91 20 4011 4500 / 501 | +91 20 2563 0302 Email: mkcl@mkcl.org

Maharashtra Knowledge Corporation Limited (MKCL) Unlisted Share – Company Overview 

MAHARASHTRA KNOWLEDGE CORPORATION LIMITED was established by the Department of Higher and Technical Education, Government of Maharashtra. Maharashtra Knowledge Corporation Limited started its operations in April 2020 in Maharashtra. It offers education, governance and empowerment solutions and services to a very large population with various diversities with high quality of relevance and applicability in life and works at an affordable cost.

In 18 years, it has emerged as a high-touch and high-tech initiative focused on the development, design and delivery of eGovernance, eLearning, and empowerment technologies, solutions and services to its ever-growing base of millions of customers in public at large, Communities, Universities and Government. Maharashtra Knowledge Corporation Limited comprises a network of Authorized Learning Centres (ALCs). These learning centres have been established by small and medium IT entrepreneurs and educational enterprises spread across the whole of Maharashtra. The company runs Channel Partner Network Management Program to execute various activities across the state. The company has the largest network of IT training centres in India. It has more than 5000 Authorized learning centres. More than 70 Lakh students have benefited from the services of the company. It has also helped in providing employment to 25000+ people.

Maharashtra Knowledge Corporation Limited Incorporation Details

CIN of Maharashtra Knowledge Corporation Limited

U80302PN2001PLC135348

Registration Date of Maharashtra Knowledge Corporation Limited

20 August 2001

Maharashtra Knowledge Corporation Limited Registered office address and contact details

ICC Trade Towers, ‘A’ Wing, 5th Floor, Senapati

Bapat Road, Shivaji Nagar, Pune 411 016,

Maharashtra, India.

Contact no.: 020 4011 4500

Maharashtra Knowledge Corporation Limited Registrar and Transfer Agent address and contact details

Alankit Assignments Limited

RTA & DP Division

Alankit Hosue”, 4E/2, Jhandewalan Extension,

New Delhi-110055

Tel.: 011-42541234 / 23541234

Maharashtra Knowledge Corporation Limited Principal Business Activities

Name and Description of main products/services NIC Code of the product/service % to total turnover of the Company
Educational Courses, Skill Development Courses 8522 62.20%
Services through Admission, Examination and Recruitment Software Frameworks 6311 37.80%

Maharashtra Knowledge Corporation Limited Board of Directors

Dr Anil Kakodkar (Chairman & Independent Directors)

Dr Deepak Phatak (Independent Director)

Dr Charudatta Mayee (Independent Director)

Dr Rajaram Deshmukh (Independent Director)

Dr Anant Sardeshmukh (Independent Director)

Mr Girish Sohani (Independent Director)

Ms. Veena Kamath (Managing Director)

Professor E. Vayunandan (University Representatives)

Professor Suhas Pednekar (University Representatives)

Maharashtra Knowledge Corporation Particulars of Subsidiary and Associate Companies

Name of the Company Subsidiary/Associate % of shares held
MKCL Knowledge Foundation Subsidiary 100%
Rajasthan Knowledge Corporation Limited Associate 30%
Odisha Knowledge Corporation Limited Associate 50%
Haryana Knowledge Corporation Limited Associate 30%
MKCL Arabia Limited Associate 50%

Maharashtra Knowledge Corporation Limited Shareholding Pattern (As of 31-03-2020)

S. No. Shareholders’ Name Number of shares % of total Shares of the company
1 Government of Maharashtra (Promoter) 30,00,000 37.13%
2 Public Shareholding 50,80,195 62.86%
  Total 80,80,195 100.00%

 

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