MT Educare

What MT Educare does

MT Educare Limited is an Indian education services company, listed on Indian stock exchanges (CIN: L80903MH2006PLC163888), operating under the Mahesh Tutorials, Robomate+, and Lakshya brands. Founded as Mahesh Tutorials in 1988 in Mulund, Mumbai and incorporated in 2006, the company provides coaching for competitive examinations (IIT-JEE, NEET, CA, MBA/CAT/CMAT) and school board preparation (CBSE, ICSE, and State Boards from Standard V to XII) across science and commerce streams. Its core digital product, Robomate+, is a video-based learning platform delivered via iOS and Android apps, marketed as India's largest video learning platform for exam preparation, with curriculum-mapped audio-visual content, assessments, and analytics built on what the company calls a Technology Added Teaching (TAT) methodology. The business operates a hybrid GTM combining 400+ physical coaching centers across 36+ Indian cities with self-serve digital enrollment through the app, website inquiry forms, and WhatsApp; a smaller B2B layer provides teacher training to 120+ schools.

Revenue is generated primarily through coaching and tuition fees (per-course, multi-year contracts) and digital content subscriptions on Robomate+, with a freemium app model. The company has served 100,000+ students with a faculty base of 400+ and claims multiple AIR-1 outcomes in JEE Advanced, CA Final, and AIIMS as outcome marketing. As of December 25, 2022, MT Educare is operating under Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, with Mr. Arihant Nenawati confirmed as Resolution Professional in February 2024; its subsidiary Lakshya Forum for Competitions is also under CIRP. Despite the insolvency proceedings, the company continues to file quarterly results, reporting a Q4 FY 2026 net profit of Rs 2.60 crore (turnaround from Rs 13.68 crore loss) and a full-year FY 2025-26 revenue of Rs 36.14 crore (down 28.24% YoY), with a narrowed annual net loss of Rs 3.13 crore. Governance has been unstable, with multiple CFO resignations between 2020 and 2024 and significant leadership turnover during the CIRP period.

Name

MT Educare

Legal name

MT Educare Limited

Website

https://mteducare.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

MT Educare Limited is an Indian listed education services company that delivers K-12 and competitive exam coaching (IIT-JEE, NEET, CA, MBA) through 400+ physical centers and the Robomate+ digital platform, serving over 100,000 students and currently operating under CIRP insolvency proceedings.

Ownership category

akta.pro rank

Product category

Test Preparation and Tutoring Services

NAICS

Exam Preparation and Tutoring (611691)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Exam Prep & Standards-Aligned Review Courseware (Within Curriculum) (EDAFACAO)

Keywords

• Competitive exam coaching
• Test preparation services
• K-12 tutoring
• Online learning platform
• Entrance exam preparation

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Coaching and Tuition Fees: Revenue from in-person coaching programs at physical centers for competitive exams (IIT-JEE, NEET, CA, MBA), school students (CBSE, ICSE, State Board), and science/commerce streams. Fees are collected per course/program.
2. Digital Content - Robomate+: Revenue from digital video content delivery through the Robomate+ app and platform. Available on iOS and Android app stores.
3. Franchise/Institutional B2B: Revenue from institutional partnerships and teacher training services to schools. MT teachers have trained teachers from 120+ schools across India.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

MT Educare operates a network of 400+ physical coaching centers across India and the Robomate+ digital video learning platform to deliver exam preparation and academic coaching. The company prepares students for competitive examinations including IIT JEE Main/Advanced, NEET, CA (CPT/Foundation/Final), MBA (CAT/CMAT), and BITSAT, alongside school board coaching for CBSE, ICSE, and State Board curricula from Standard V through XII. Services span science, commerce, and engineering entrance streams through its Mahesh Tutorials, Lakshya, and Robomate+ brands.

Product overview

MT Educare is an education services company operating under multiple brands: Robomate+ (video learning platform), Lakshya Forum for Competitions (entrance exam coaching for IIT JEE and medical), Mahesh Tutorials School Section (K-12 coaching), Mahesh Tutorials Science (Class 11-12 science stream), and Mahesh Tutorials Commerce (Class 11-12 commerce stream with CA preparation). The company serves students from Standard 5 through college-level preparation for competitive exams including IIT, NEET, CA CPT, MBA (CAT/CMAT), and school boards (CBSE, ICSE, State Board). Services are delivered through physical centers across India and the Robomate+ digital platform.

Differentiator

Problem solved

Functional benefit

Brands

• Robomate+: India's Largest Video Platform for Students to help them prepare for exams such as JEE Main, JEE Advanced, CA CPT, MBA (CAT, CMAT). Available on mobile app and web.
• Lakshya Forum for Competitions
• Mahesh Tutorials

Products and services

• Robomate+ India's largest video learning platform delivered via mobile app (iOS and Android) for students preparing for JEE Main, JEE Advanced, CA CPT, MBA (CAT, CMAT), and other competitive exams. Provides curriculum-mapped audio-visual content with assessment and analytics.
• Lakshya Forum for Competitions Higher secondary education science courses for competitive exams including IIT JEE and NEET medical entrance examinations, delivered through classroom coaching and entrance exam preparation programs.
• Mahesh Tutorials - School Section School section coaching for standards 9 and above covering CBSE, ICSE, and State Board curricula with focus on academic excellence and life skills development across MT Educare's nationwide network of centers.
• Mahesh Tutorials - Science Science stream coaching for Class 11-12 students covering Physics, Chemistry, and Mathematics with integrated entrance exam preparation for engineering and medical competitive examinations.
• Mahesh Tutorials - Commerce Commerce stream coaching for Class 11-12 students covering Accounting, Economics, and Business Studies with CA Foundation and CPT preparation.

Quantifiable outcome

• Multiple AIR 1 rankings in CA Final, JEE Advanced, AIIMS across multiple years
• +3 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Sri Gayatri Educational SocietyminorStrategic or Co-development Partner · 18 June 2014Partnership with Sri Gayatri Educational Society announced in June 2014 for educational collaboration and expansion of services.
• Chetana PublicationsminorStrategic or Co-development Partner · 12 September 2013Strategic tie-up with Chetana Publications for educational content and resources. Partnership announced in September 2013 as part of expanding educational offerings.
• Lakshya Forum for Competitions Private LimitedcoreStrategic or Co-development Partner · 3 April 2013Execution of Shareholders' Agreement with Lakshya in April 2013. Lakshya provides higher secondary education science courses for competitive exams. The subsidiary is under Corporate Insolvency Resolution Process (CIRP) as of 2022-2023.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Unacademy: Online-first learning platform covering competitive exams, K-12, and professional courses; broader portfolio than MT Educare but overlaps on JEE/NEET/CA prep via digital delivery.
• BYJU'S: India's largest edtech incumbent with K-12 and competitive exam offerings; increasingly competes with MT Educare's Robomate+ and online assessment content.

Direct peers

• Career Launcher: India's leading MBA/CAT/CLAT coaching provider with physical and online delivery; directly competes with MT Educare's MBA entrance exam offering.
• Allen Career Institute: India's largest offline coaching brand for JEE and NEET preparation, headquartered in Kota; competes directly for the same aspirant cohort that MT Educare targets.
• FIITJEE: Established physical coaching network focused on IIT JEE preparation across India, with comparable classroom-based delivery model and similar rank-focused marketing of student outcomes.
• Narayana Group: Integrated K-12 and competitive exam coaching chain with extensive pan-India physical center footprint; directly comparable in operating model and aspirant segments to MT Educare.
• Aakash Educational Services: Pan-India physical coaching chain specializing in IIT JEE, NEET, and medical/engineering entrance preparation; directly comparable to MT Educare's Lakshya Forum and Mahesh Tutorials Science offerings.
• Resonance Eduventures: Kota-based physical coaching chain offering JEE Main, JEE Advanced, and NEET preparation; comparable product/segment overlap with MT Educare's competitive exam vertical.
• T.I.M.E. (Triumphant Institute of Management Education): Pan-India MBA entrance coaching chain with similar offline-plus-online delivery; directly comparable to MT Educare's CAT/CMAT preparation business.
• Sri Chaitanya Techno School: K-12 integrated school chain with strong JEE/NEET preparation track record; overlaps with MT Educare's school section and science verticals in CBSE/state board markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mt_education
• YouTubeyoutube.com/channel/UCav-5QNwcyYukotJOEsm3og
• Facebookfacebook.com/mtlakshya
• LinkedInlinkedin.com/company/mteducare
• Instagraminstagram.com/maheshtutorialsofficial

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MT Educare