Maharashtra Knowledge Corporation (MKCL) Limited Unlisted Shares
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.
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.
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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: | ₹ 250 Per Equity Share |
Promoters And Management:
| Shareholding of Promoters | ||
| Name | No. of Shares | % of Total Shares |
| Government of Maharastra | 30,00,000 | 37.13 |
Shareholding Pattern:
| 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:
| Year | Revenue | EBITDA | OPM | PAT | NPM | Shares | F.V. | EPS | NW | RONW |
| 2016 | 16,195 | 5,019 | 31% | 3,122 | 19% | 80.80 | 10 | 38.64 | 22,262 | 14% |
| 2017 | 14,394 | 3,914 | 27% | 2,612 | 18% | 80.80 | 10 | 32.32 | 24,679 | 11% |
| 2018 | 17,663 | 4,845 | 27% | 3,282 | 19% | 80.80 | 10 | 40.61 | 28,226 | 12% |
| 2019 | 19,007 | 6,291 | 33% | 4,507 | 24% | 80.80 | 10 | 55.78 | 32,487 | 14% |
| CAGR | 5% | 8% | 13% |
The government of Maharashtra owns major stake in the company directly and also indirectly via universities. What are the chances of IPO coming for this company? Which year can we expect IPO?
Also what is the impact of political clout in the company since the company was formed under NCP regime?