Vantage Knowledge Academy Ltd Management Discussions

Overview:

Organizations in the education sector include traditional colleges and universities as well as companies focused on training and development for clients that range from an individual learner to global corporations to online content delivery. As a whole, the industry is responsible for training individuals of all ages to learn new skills, obtain meaningful employment, and help accelerate the economic growth, by delivering education in traditional classroom settings or via online training over the Internet. Our Company strives to implement programs with a clear mandate for helping our students and participants build direct and concrete value that will contribute in improving their personal, professional, social and financial status

Opportunities

• Favorable governments Policies towards education sector

• Growing trend of corporate training programme in corporate sector

Threats

• Entrance of foreign universities in India

• Excessive Competition

Outlook

The Company is striving to improve the quality and productivity especially in the promising sectors and considering the current economic trends and also barring unforeseen circumstances is confident of achieving higher revenues and improved operating margins in future.

Internal Control Systems & Adequacy

The Company has an informal system of internal checks on its day to day affairs and dealings, which acts as an internal controls system, and audit committee is in charge of creating an effective system and also evaluates the adequacy and effectiveness of the internal controls.

Human Resources/Industrial Relations

The Companys HR philosophy is to motivate and create an efficient work force as manpower is a vital resource contributing towards development and achievement of organisational excellence. The Company had employed several clerical and executive level personnel and the Company also employs faculty members on professional basis for the education division.

• Equity Shares:

During the year under review, the Companys Authorized Share Capital is Rs. 12,00,00,000/- (Rupees Twelve Crore only) divided into 1,20,00,000 (One Crore Twenty Lakhs) equity shares of Rs. 10 (Rupees Ten only) each and the issued, subscribed and paid up share capital of the company is Rs. 10,38,25,000/ - (Rupees Ten Crore Thirty Eight lakhs Twenty Five thousand only) divided into 1,03,82,500 (One Crore Three lakh Eighty Two Thousand Five Hundred) equity shares of Rs. 10/ - (Rupees Ten only) each.

• Total Revenue:

During the year under review, the company has earned total revenue of Rs. 472.82 Lakhs against Rs. 211.95 Lakhs in the previous year which is 123.08% more than the previous year. The profit after tax for the year is Rs. 138.75 lakhs against Rs. 100.80 Lakhs in the previous year.

• Revenue from Operations:

Revenue from operations for the reporting period is Rs. 431.52 Lakhs as against Rs. 203.85 Lakhs in the previous year which is 111% more than the previous year. Your directors are hopeful that the Company may be able to show better performance in coming years.

• Reserves and Surplus:

The reserves and surplus of the company for the FY2023-24 is Rs. 388.51 lakhs as against Rs. 109.27 lakhs in the previous financial year.

Caution

Statements made herein describing the Companys expectations or predictions are "forward-looking statements". Actual results may differ materially from those expected or implied, due change in economic, operational and regulatory scenarios within and outside the country.

Place: Mumbai