Maharashtra Knowledge Corporation Limited (MKCL) Shares Annual Reports

Maharashtra Knowledge Corporation Limited (MKCL) Shares

Here is a comprehensive summary of the provided PDF document: **Overview** The document is the 23rd Annual Report for the financial year 2023-24 of Maharashtra Knowledge Corporation Limited (MKCL). MKCL focuses on leveraging technology to bridge the digital divide, create a knowledge-led society, and facilitate transformations in education, development, governance, and empowerment. The report details the company's financial performance, business operations, and initiatives during the year. **Key Highlights** * **Financial Performance:** MKCL saw significant growth in revenue from operations, a rise in profit before tax (PBT), and increased cash generation from operations. * Revenue from Operations: ₹23,452.67 Lakhs (32% increase YoY) * Profit before Tax (PBT): ₹8,030.99 Lakhs (31% increase YoY) * EBITDA: ₹8,731.12 Lakhs (30% increase YoY) * Cash Generated from Operations (Gross): ₹10,146.80 Lakhs (97% increase YoY) * **Learner Count:** There were 7,36,493 MS-CIT learners and 1,03,637 KLIC learners. * **Dividend:** The Board recommends a final dividend of ₹2.5 per equity share (25%). * **Subsidiaries & Joint Ventures:** The report covers the performance and financial position of MKCL's subsidiaries and joint ventures, including Odisha Knowledge Corporation Limited (OKCL), Haryana Knowledge Corporation Limited (HKCL), and MKCL Arabia Limited. **Business Operations and Programs** MKCL operates a variety of programs focused on digital literacy, skill development, eGovernance, and empowerment. Key programs include: * **MS-CIT:** The Maharashtra State Certificate in Information Technology course, aimed at bridging the digital divide and promoting IT literacy. Over 15.6 million learners have registered for this course in the last 23 years. * **KLC:** Knowledge-Lit Careers, a series of courses designed to enhance employability and entrepreneurship. KLIC courses are recognized by Yashwantrao Chavan Maharashtra Open University (YCMOU). Over 650,000 learners have completed various KLIC courses. * **CSMS-DEEP:** Chhatrapati Sambhaji Maharaj SARTHI Digital Employability Enhancement Program Diploma implemented in collaboration with SARTHI. * **LiveDemy:** Short courses for digital enablement of MSMEs. * **eAuctionLive:** An eAuction portal used by the Government of Haryana for auctioning residential and commercial plots. * **VanMitra:** A software framework for implementing the Forest Rights Act (FRA) in Madhya Pradesh. * **Digital University (DU):** A software framework for managing the lifecycle of millions of students and institutions in higher education. * **Mission Mode Skills Development Program (MMS-DP):** MKCL partners with state skill development missions, including Bihar Skill Development Mission (BSDM). * **MKCL LearnLive:** A cloud-based learning management system. **Organizational Structure & Governance** * **Board of Directors:** The report lists the Board of Directors, including professional directors, independent directors, government nominee directors, and university representatives. * **Strategy Advisory Committee (MSAC):** The committee consists of the Chairman of MKCL, the Chief Mentor of MKCL, the Managing Director of MKCL, and other eminent experts from various disciplines. * **Committees & Teams:** Details of corporate management functions, special purpose teams, and committees are provided. * **Financial Sustenance:** MKCL is an unaided organization and doesn't receive funds, grants-in-aid, or financial assistance from the Government. **Compliance & Standards** * ISO 9001:2015 Certification * ISMS Certification (ISO 27001:2013) * CMMI Level 3 Certification. **Additional Points** * The company has dematerialized its equity shares and appointed Alankit Assignments Limited as the Registrar and Share Transfer Agent (RTA). * A 'JanLabh' portal has been developed to provide information on government schemes to citizens. **Financial Statements & Audit** The report includes detailed standalone and consolidated financial statements, along with the auditor's reports, covering key financial data, accounting policies, and notes on accounts. The audit reports express an unqualified opinion on the financial statements. Issues relating to internal controls and compliance are noted and addressed. **Future Outlook** The report positions MKCL as continuing to pursue technology-driven solutions to address the digital divide, enhance education, development, governance, and empowerment. The emphasis on AI, e-learning, and strategic partnerships suggests a forward-looking approach to addressing evolving societal needs.

Maharashtra Knowledge Corporation Limited (MKCL) Shares

The document is the 22nd Annual Report for the fiscal year 2022-23 of Maharashtra Knowledge Corporation Limited (MKCL), a company focused on bridging the digital divide through education, eGovernance, and eEmpowerment programs. **Homage:** The report pays tribute to Professor Dr. Ram Takwale, the founder director of MKCL, highlighting his visionary leadership and contributions to the company's success in providing IT literacy and educational transformation. **Company Overview:** MKCL was promoted by the Department of Higher and Technical Education (H & TE), Government of Maharashtra and incorporated under the Companies Act, 1956. It has been allocated to the Directorate of Information Technology under GAD. MKCL designs, develops, and delivers eLearning, eGovernance, and eEmpowerment programs. The company's vision is to develop world-class learning, governance, and empowerment systems responsive to individual and social developmental needs by bridging the Digital Divide. Its mission focuses on economical, social, and environmental transformation, emphasizing deeper personal experiences, wider reach, better quality, cheaper costs, and faster delivery. **Financial Highlights (FY 2022-23):** * **Revenue from Operations:** Rs. 17,750.84 Lakhs (48% increase YoY) * **Profit Before Tax (PBT):** Rs. 6,129.45 Lakhs (28% increase YoY) * **Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA):** Rs. 6,739.99 Lakhs (33% increase YoY) * **Cash Generated from Operations (Gross):** Rs. 5,155.23 Lakhs (2,122% increase YoY) * **Net Worth:** Rs. 47,667.17 Lakhs (10.82% increase YoY) * **Earning Per Share (EPS):** Rs. 59.11 (23.48% increase YoY) **Business Development Program (BDP) Revenue (FY 2022-23):** * KLCDP: 67% * MMSDP: 22% * HETP: 8% * eGov: 2% * Others: 1% **Key Performance Indicators:** Key metrics like EBITDA, PAT, margins, EPS, and Net Worth showed substantial growth compared to previous years, supported by detailed charts. For example, EBITDA grew at a CAGR of 66% and PAT at a CAGR of 67%. **Directors' Report:** The Directors' Report provides a summary of the financial results, results of operations, liquidity, particulars of loans, report on the performance of subsidiaries, and other details. **Results of Operations:** * Total Income for FY 2022-23 amounted to Rs.20,323.90 lakhs, a 33.75% increase over last year due to mainly the increase in learners in MS-CIT, BSDM, and KLIC. * Profits Before and After Tax also increased compared to the previous financial year. * Dividend declared @ Rs.2/- per equity share of Rs.10/- each. * Net Cash Inflow from operating activities (before Tax) is Rs.5,155.23 lakhs, but there was Net Cash Outflow of (Rs.4,273.92) lakhs due to investing activities as on March 31, 2023. **Report on Subsidiaries and Joint Ventures:** The report provides details on the performance and financial position of MKCL's subsidiaries and joint venture companies, including MKCL Knowledge Foundation, Odisha Knowledge Corporation Limited (OKCL), Haryana Knowledge Corporation Limited (HKCL), and MKCL Arabia Limited. **Report of Business Operations of MKCL:** MKCL's mission is to create a new paradigm in education and development by bridging the Digital Divide. MKCL has a transformative agenda focused on creating knowledge-based and value-based transformations in education, development, governance, and empowerment. MKCL strategically uses Information Technology and forms partnerships to achieve its goals. The organization is certified for ISO 9001:2015, ISMS (ISO 27001:2013), and CMMI Level 3. * **Knowledge-Lit Career Development Program (KLC-DP):** Key offerings include MS-CIT, MS-ACIT, KLIC and others. MS-CIT helps bridge the digital divide. The MS-CIT curriculum pillars and the MS-CIT aims and benefits are discussed. Key aspects include the ALC (Authorized Learning Centers) network expansion and student empowerment through online learning and resources. The MS-ACIT program is for teachers, and KLIC enables youth for knowledge-lit careers. EASY (Earning Assistance Services to Youth) helps in earning opportunities for KLIC Learners through the EASY framework & the Career for You framework. Chhatrapati Sambhaji Maharaj SARTHI Digital Employability Enhancement Program ("CSMS-DEEP") Diploma for target group is also planned. Learning Facilitators are important to enriching High-Tech Learning with Human Touch; LiveDemy – Short Courses for Digital Enablement of MSMES; MKCL's Mastering Series help with exam preparations; and MKCL Finishing Schools – Mainstreaming Work-Based Learning. * **Mission Mode Skills Development Program (MMS-DP):** Here, MKCL acts as a Knowledge Partner for State Skill Development Missions in India. * **Higher Education Transformation Program (HETP):** The HETP offers student/college/course lifecycle management through Digital University software. The Digital University framework offers eservices at affordable costs to millions of students. * **School Education Transformation Program (SETP):** MKCL is creating Cloud-based Learning Management Systems (LMS), called MKCL’s ERA, and MKCL LearnLive. * **eGovernance Business Development Program (eGov BDP):** Key initiatives here are JanLabh for citizens to access welfare schemes, Van Mitra portal for forest rights, e-Tendering System (SeTS), eAuction portal for bidding and auctioning, SugarMart and EduMart perfect completion for buyers and suppliers, and Digital Legislature Framework. Also, the Government Employee Online Transfer System (GoOnTransfer) has been developed. RecruitLive recruitment portal is mentioned. * **International Business Development Program (I-BDP):** MKCL promotes the Online Examination System (ExamLive) in Kingdom of Saudi Arabia and Egypt. Products in New Exponential Technologies Business Development Program (ProNExT) are in low code creation, IT Infrastructure Development, and Artistic Creations Program. **Other Points:** * The Company has a policy on Directors' appointment and remuneration, highlighting the importance of board diversity and financial sustainability. * Details related to sexual harassment prevention at the workplace have been provided. **Compliance and Standards:** * The company is certified for ISO 9001:2015 Certification, ISMS Certification (ISO 27001:2013) and CMMI Level 3 Certification. **Financial Statements and Audit:** * The Directors' Responsibility Statement and Independent Auditor's Report confirm the integrity and fairness of the financial statements. * A detailed list of financial ratios, along with explanations for any variance from the previous year, is provided. * Complete financial statements, including the balance sheet, statement of profit and loss, and cash flow statement, are presented, along with detailed notes.

Maharashtra Knowledge Corporation Limited (MKCL) Shares

Here is a comprehensive summary of the provided PDF, outlining the key information from the Maharashtra Knowledge Corporation Limited (MKCL) 21st Annual Report for 2021-22. **Overview** The report provides an overview of MKCL's business operations, financial performance, and initiatives aimed at bridging the digital divide. It highlights the company's commitment to education, development, governance, and empowerment through IT-enabled solutions. MKCL operates as a Public Limited Company promoted by the Department of Higher and Technical Education, Government of Maharashtra. **Financial Performance (2021-2022)** MKCL’s total income increased by 44.87% over the last year, amounting to Rs. 15,195.51 Lakhs. Revenue from operations increased by 75.75% to Rs. 12,017.23 Lakhs. Learner count increased significantly in the 'Kushal Yuva Program' and KLIC courses. Profit before tax increased by 133.30% to Rs. 4,791.04 Lakhs, while profit after tax increased by 126.84% to Rs. 3,867.65 Lakhs. The company maintains a debt-free status and has sufficient cash to meet its strategic objectives. The Directors recommended a final dividend of Rs.1.50 per equity share. **Business Operations & Programs** MKCL addresses six challenges in digital literacy, education, development, governance and empowerment through various initiatives. The company has a unique identity in integrating IT for effective transformations and designs state-of-the-art eLearning, eGovernance, and eEmpowerment solutions, and operates through programs specialized in various domains. Key programs include: * **Knowledge-Lit Career Development Program (KLC-DP):** Includes MS-CIT, MS-ACIT, KLIC, LiveDemy, and MKCL Finishing School, all are focused on bridging the digital divide and enhancing employability. * **MS-CIT:** This program aims to propagate IT awareness, literacy, functionality, and applicability, with over 15 million learners registered in the last 20 years. It is implemented through a network of approximately 5000 Authorized Learning Centers (ALCs). * **KLIC:** A series of courses that bridge colleges to careers, offering employability and entrepreneurship enhancement courses. More than 5 Lakh learners have completed KLIC Courses. * **Mission Mode Skills Development Program (MMS-DP):** MKCL acts as a Knowledge Partner for State Skill Development Missions, including the Bihar Skill Development Mission (BSDM), where it is implementing Domain Skilling and Kushal Yuva Program. * **eGovernance Business Development Program (eGov-BDP):** MKCL provides various eGovernance solutions, including 'Labharthi' (a welfare scheme information portal), 'VanMitra' (forest rights allotment), Secured e-Tendering System (SeTS), eAuction, SugarMart, EduMart, and Digital Legislature Framework. * **International Business Development Program (I-BDP):** MKCL promotes its products, particularly the Online Examination System (ExamLive), in countries like Saudi Arabia and Egypt through joint ventures. **Organizational Structure & Governance** The Board of Directors consists of Government nominees, Vice-Chancellors from shareholding Universities, eminent experts, and the Managing Director. A Strategy Advisory Committee (MSAC) provides strategic inputs for the company's development. MKCL is certified for ISO 9001:2015, ISMS (ISO 27001:2013), and CMMI Level 3. The company has a well-defined organizational structure with enabling and business development programs. **Subsidiaries and Joint Ventures** The company has subsidiaries (MKCL Knowledge Foundation) and joint ventures, including Odisha Knowledge Corporation Limited (OKCL), Haryana Knowledge Corporation Limited (HKCL) and MKCL Arabia Limited. The report includes salient financial information for these entities. **Financial Sustainability** MKCL sustains itself without funding from the government, and has a track record of paying dividends to shareholders and contributing to government revenue through taxes. **Corporate Social Responsibility (CSR)** MKCL actively engages in CSR through its subsidiary, MKCL Knowledge Foundation, focusing on areas such as education, science promotion, and community development. Rs. 79,66,941 were spent on CSR activities during the financial year. **Compliance and Statutory Information** The report details compliance with various accounting standards, Companies Act regulations, and Secretarial Standards. It includes details about Directors' appointments/cessations, Board meetings, committee compositions, and remuneration policies. It also includes details about the number of complaints related to sexual harassment, but zero complaints were received. **Auditors' Reports** The report includes both the Standalone and Consolidated Financial Statements with Independent Auditor's Reports. The reports confirm a true and fair view of MKCL's financial position and compliance with relevant regulations.

Maharashtra Knowledge Corporation Limited (MKCL) Shares

The 20th Annual Report (2020-21) for Maharashtra Knowledge Corporation Limited (MKCL) highlights a year impacted by the COVID-19 pandemic but also showcasing ongoing and new initiatives in skill development, education, and e-governance. **Financial Performance:** The report summarizes financial results, noting a significant decrease in total income (47.75%) from Rs. 20,076.48 Lakhs to Rs. 10,489.02 Lakhs due to the pandemic and resulting lockdowns. Revenue from operations decreased by Rs. 8,952.67 Lakhs. The total learner count decreased from 6,96,618 in FY 2019-20 to 3,17,532 in FY 2020-21. Other income decreased by Rs.634.79 Lakhs due to lower repatriation of funds from the liquidated foreign subsidiary. Despite decreased revenue, other expenses also decreased by Rs.393.96 Lakhs due to WFH. Profits before and after tax decreased by 70.18% and 68.14% respectively. The Board proposed to transfer Rs.200 Lakhs to the General Reserves. The Board recommends a final dividend of Re.1/- per equity share (10%). The company remains debt-free and maintains sufficient cash reserves. **Subsidiaries and Joint Ventures:** The report details the performance and financial positions of MKCL's subsidiaries, associates, and joint ventures, including MKCL Knowledge Foundation (a 100% subsidiary), Odisha Knowledge Corporation Limited (OKCL), Haryana Knowledge Corporation Limited (HKCL), and MKCL Arabia Limited. The company holds 6,00,000 equity shares in OKCL (50% shareholding) and HKCL (30% shareholding). The company acquired 500 shares in MKCL Arabia Limited. **Business Operations & Initiatives:** MKCL's transformative agenda focuses on bridging the Knowledge Divide through digital literacy, education, governance, and empowerment systems. Key programs and offerings include: * **MS-CIT:** A foundational IT literacy course, reaching over 15 million learners in 19 years, aimed at bridging the digital divide. Government of Maharashtra has issued a Government Resolution in 2001 making MKCL’s MS-CIT, as one of the essential eligibility criteria for recruitment to the posts of Grade A, B and C in all the government departments and semi- government organizations. * **Authorized Learning Centers (ALCs):** A network of ~5000 ALCs facilitating MS-CIT and other courses across Maharashtra, using a public-private-community partnership model. Paperless management is facilitated by SOLAR framework. * **ERA (eLearning Revolution for All):** MKCL's home-grown eLearning platform, offering various modules for eContent development, distribution, assessment, and online learning. * **KLIC (Knowledge Lit Careers):** A series of employability skills development modules, including new courses in Retail Management and Banking, Financial Services, and Insurance (BFSI). More than 3.75 Lakh learners have undergone KLIC Courses. * **LiveDemy:** Short courses for digital enablement of MSMEs. * **EASY (Earning Assistance Services to Youth):** A framework to train KLiC learners in digital freelancing and connect them with earning opportunities. * **MS-ACIT (IT for Teachers):** A program to develop 21st-century teaching skills for school teachers. * **Mastering Series:** An online mock test series for competitive exam preparation. * **MKCL Finishing Schools (MFS):** Work-based learning programs in partnership with corporates, offering internships and degree programs. * **Digital University:** A software framework for managing student lifecycles, adopted by numerous educational institutions. * **Mission Mode Skills Development Program (MMSDP):** Implementing skill development programs under various state governments' skill development missions. BSDM is implementing Domain Skilling Program and Kushal Yuva Program. * **eGovernance Business Development Program:** Designing applications to transform governance, including projects like Pune ZP MahaLabharthi and Visible Government App. * **VanMitra:** Digitizing the allotment of Individual Forest Rights (IFR). * **Secured e-Tendering System (SeTS):** A solution for e-Procurement and e-Auctioning. * **eAuction:** Portal for bidding and auctioning online. * **SugarMart and EduMart:** eProcurement B2B platforms. * **Digital Legislature Framework:** Automation of workflows for Maharashtra Legislative Secretariat (MLS). * **Government Employee Online Transfer System (GoOnTransfer):** Online transfers of Government Employees. * **International Business Development Program:** Promoting MKCL’s Online Examination System (ExamLive) in Kingdom of Saudi Arabia and Egypt by using the expertise of its joint venture company, MKCL Arabia. * **ΜKCL on MOOCs:** Releasing innovative courses on udemy.com like “How to be a Smart Remote Worker” and “How to be a Smart Teacher.” * **Products in New Exponential Technologies:** Launched new Teaching-Learning Product, LearniCo. **Board of Directors and Governance:** The report lists the Board of Directors, including independent directors, university representatives, and government nominees. It also describes the roles of the Strategy Advisory Committee and various teams and committees within MKCL. The report details changes in the Board structure and appointments/cessations of Directors. Proposes altering Article 58(a) regarding board structure and reducing number of Independent Directors from Six (6) to Two (2). Includes key appointments to the board: Dr. Anil Kakodkar (in category of 'Professionals'), Dr. Deepak Phatak (in category of 'Professionals'), Dr. Rajaram Deshmukh (in the category of 'Professionals'), and Dr. Anant Sardeshmukh (in the category of 'Professionals'). Corporate Governance practices and adherence to standards (ISO 9001:2015, ISMS, CMMI Level 3) are emphasized. Also notes the company has complied with applicable Secretarial Standards issued by the Institute of Company Secretaries of India. **Compliance & Responsibility:** The company has obtained International Security Identification Number (ISIN) from National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The Company has complied with all the applicable Secretarial Standards. The Directors confirm that the applicable accounting standards have been followed and have devised proper systems to ensure compliance with applicable laws. The Board has adopted a risk management policy. A disclosure under the Sexual Harassment of Women at Workplace Act is included, noting that no complaints were received during the year. **Other Key Points:** * Emphasis on upskilling/reskilling employees and ensuring a safe work environment. * Details on dematerialization of equity shares. * Details of compliance with Secretarial Standards. * Information on Corporate Social Responsibility (CSR) activities and expenditures. * Details about Statutory Auditors, Internal Audit systems, Cost Audit, and Secretarial Audit. * Conservation of energy and technology absorption. * Details of related party transactions (AOC-2 is included). * Details of Investor Education and Protection Fund (IEPF) compliances. * Remuneration details of directors and key management personnel. In conclusion, the annual report provides a comprehensive overview of MKCL's activities, financial performance, and commitment to its mission despite the challenges posed by the pandemic.