Annual Report: 2023
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):
Business Development Program (BDP) Revenue (FY 2022-23):
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:
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.
Other Points:
Compliance and Standards:
Financial Statements and Audit:
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