GM Test Series

What GM Test Series does

GM Test Series is an India-based online education platform that provides test series, mock exams, video lectures, study materials, and mentorship for aspirants of the Chartered Accountancy (CA), Company Secretary (CS), and Cost and Management Accountant (CMA) professional courses. Founded in 2015 in New Delhi by a team of four professionals (one Chartered Accountant, one Company Secretary, and two lawyers), the company operates a self-serve web portal and native mobile applications (Android and iOS) that enable students to download test papers, write answers offline, photograph or scan handwritten sheets, upload them for evaluation, and view results with All India Rankings. The platform's core workflow is a three-tier human evaluation system staffed by a team of 25+ CA and CS professionals, with sheets typically returned within 24-36 hours, complemented by a doubt-resolution portal, direct WhatsApp-based faculty access, and a 45-day study planner.

The company offers multiple test series plans — Detailed, Unscheduled, Full Syllabus, Fast Track, One Chapter One Test, and a Mentorship program — at per-subject prices ranging from approximately Rs. 200 to Rs. 775, with both-group bundles priced at Rs. 2,205-Rs. 3,000. Revenue is generated primarily through these one-time test series subscriptions, augmented by mock test paper evaluation, certified copy checks (Rs. 150 per paper), an e-commerce shop selling books from publishers such as Taxmann, Aadhya Prakashan, and Snow White Publications, and Pen Drive / Google Drive video lecture sales. Pricing is seasonally variable, with 35-40% off-season discounts and 10-15% on-season discounts.

GM Test Series claims to have served over 63,000 students over five years, with 35+ All India Rank holders and a reported 71% success ratio. The platform operates primarily in India with overseas reach into Dubai and Indonesia, and is in the process of expanding to offline physical institute locations in major Indian metros (Delhi/NCR, Mumbai, Chennai, Bangalore, Hyderabad). The company is bootstrapped, privately held under the legal entity GM Education, with no disclosed venture capital or institutional investment.

Name

GM Test Series

Legal name

GM Education

Website

https://gmtestseries.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

GM Test Series is an India-based online edtech platform providing test series, expert-evaluated answer sheets, All India Rankings, mock papers, and mentorship for CA, CS, and CMA professional exam aspirants, primarily in India with reach into Dubai and Indonesia.

Ownership category

akta.pro rank

Product category

Professional Exam Preparation

NAICS

Exam Preparation and Tutoring (611691)

akta.pro primary industry

Online Exam Delivery & Test Administration Platforms (EDAFADAA)

akta.pro secondary industry

Assessment Item Banks, Question Authoring & Test Development Content (EDAGADAG)

Keywords

• Online test series
• CA exam preparation
• CMA mock tests
• CS exam coaching
• Professional certification prep

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices6 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Test Series Subscriptions: Students purchase test series plans (Detailed, Unscheduled, Full Syllabus, Fast Track, One Chapter One Test, Mentorship) for CA, CS, and CMA exams on a per-subject or per-group basis. Fees range from approximately Rs. 200-775 per subject depending on plan and season. This is the primary revenue stream.
2. Mock Test Papers and Certified Copy Evaluation: A separate program evaluates Mock Test Papers and Certified Copies for the institute's mock tests. Rs. 150 per paper after discount for certified copy evaluation.
3. Books and Study Materials Sales: The platform operates an e-commerce shop selling CA/CS/CMA books from publishers such as Taxmann, Aadhya Prakashan, Snow White Publications, and authors including CA Vinod Gupta, CA Dippak Gupta, CA Aaditya Jain, CA Praveen Jindal.
4. Video Lectures Sales: Sale of video lecture recordings (Pen Drive and Google Drive delivery) by faculty authors covering CA Final, CA Inter, CA Foundation, CMA Inter, CMA Final, and CS courses.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

GM Test Series is an Indian online education platform that provides structured test series, mock examinations, and certified copy evaluation for students preparing for the Chartered Accountant (CA), Company Secretary (CS), and Cost Management Accountant (CMA) professional examinations. It complements these tests with video lectures, study materials, doubt-resolution forums, All India Rankings, and one-on-one mentorship delivered through a web portal and mobile applications. The platform positions itself as a results-oriented revision and assessment tool layered onto the self-study path of professional-course aspirants in India.

Product overview

GM Test Series is a single unified online education platform providing test series for professional exam preparation, primarily for Chartered Accountancy (CA), Company Secretary (CS), and Cost Management Accountancy (CMA) courses. The core offering consists of multiple test series products organized by exam level: CA Final, CA Inter, CA Foundation, CMA Inter, CMA Final, CS Executive, and CS Professional Test Series. These are delivered through four distinct plan types—One Chapter One Test, Detailed, Full Syllabus, Fast Track, and Unscheduled—allowing students flexibility in how they access test papers. The platform supplements its test series with add-on modules including a Mentorship Program offering one-to-one faculty guidance, a Mock Test Papers/Certified Copy Evaluation Program for expert evaluation of ICAI materials, and a 45-Day Study Planner for structured revision. A mobile app (Android/iOS) enables students to download tests, upload answers, and track performance. The company operates primarily in India serving over 63,000+ students with 35+ rank holders.

Differentiator

Problem solved

Functional benefit

Products and services

• CA Foundation Test Series A mock test series designed for CA Foundation level candidates, providing chapter-wise tests, full-syllabus mock papers, model answers, and evaluation to assess readiness for the ICAI Foundation examination.
• CA Intermediate Test Series A structured test series for students appearing for the CA Intermediate examination, covering both Groups I and II, with detailed answer review and evaluation.
• CA Final Test Series A flagship CA Final revision tool featuring full-syllabus and chapter-wise mock tests, certified copy evaluation, and All India Ranking benchmarking against peer aspirants.
• CMA Intermediate Test Series An online test series for CMA Intermediate aspirants providing mock papers aligned with ICMAI syllabus and evaluation with model answers.
• CMA Final Test Series Mock test series for CMA Final level candidates, offering full-syllabus mock papers, evaluation, and ranking to benchmark readiness for the final exam.
• CS Executive Test Series An online mock test package for CS Executive aspirants covering both modules of the ICSI Executive programme with answer review and ranking.
• CS Professional Test Series An online test series for CS Professional level candidates providing chapter-wise and full-syllabus mock papers, evaluation, and feedback.
• Certified Copy Evaluation Program An add-on evaluation service in which student answer sheets are reviewed by qualified faculty with turnaround typically within 24-36 hours, modeled on the institute's certified copy assessment.
• Mentorship Program A paid mentorship program offering personalized guidance, study planning, and motivation support from qualified professionals to students preparing for CA, CS, and CMA examinations.

Quantifiable outcome

• 50-55% of ICAI exam questions reported as same or similar to GM Test Series questions
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Taxmann PublicationsminorOthersTaxmann is a major CA/CS/CMA book publisher whose publications are sold through the GM Test Series e-commerce shop. Books include tax law guides and exam-specific compilations.
• Aadhya PrakashanminorOthersPublisher of CA exam preparation books including comprehensive guides on taxation and direct/indirect tax, sold through the GM Test Series platform.
• Snow White PublicationsminorOthersPublisher of CA, CMA, and CS exam textbooks and handbooks sold through the GM Test Series shop.
• ICAI (Institute of Chartered Accountants of India)coreOthersICAI is the official governing body for CA exams. GM Test Series follows ICAI exam patterns, guidelines, and syllabus updates. All test papers are aligned to ICAI's latest exam format including MCQ patterns introduced by ICAI. The platform provides ICAI RTP, Mock Tests, and suggested answers.
• ICSI (Institute of Company Secretaries of India)coreOthersICSI is the governing body for Company Secretary exams. GM Test Series provides test series aligned to ICSI exam patterns for CS Executive and CS Professional courses.
• ICMAI (Institute of Cost Accountants of India)coreOthersICMAI governs CMA exams. GM Test Series offers test series for CMA Inter and CMA Final aligned with ICMAI exam patterns and syllabus.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Unacademy: Large online education platform in India offering comprehensive CA, CS, and CMA courses with live classes and test series. Directly competes with GM Test Series for CA aspirants, but operates a much broader multi-category model.
• PhysicsWallah (PW / CA Wallah): India's fastest-growing edtech with a dedicated 'CA Wallah' vertical providing CA Foundation, Inter, and Final test prep and video courses. Comparable target customer (CA aspirants) with similar affordable self-serve digital delivery.
• CA Wizard: Direct competitor offering online test series for CA Foundation, Inter, and Final exams with evaluation and ranking features. Closely comparable niche focus on written-answer evaluation and All India Ranking for CA aspirants.
• Vsmart Academy (CA Vsmart / Veda Vitasta): Specialized CA coaching and test series provider with online and offline delivery. Comparable target customer (CA aspirants) with similar chapter-wise and full-syllabus test series offerings.

Broad incumbents

• BYJU's Exam Prep: Incumbent edtech giant with a dedicated exam-prep vertical covering CA, CS, and other professional courses. Competes in the same target market with a much larger content library and capital base, though less specialized in CA written-answer evaluation.
• Testbook: India's leading online test prep platform for government and competitive exams. While not focused exclusively on CA, it overlaps with GM Test Series's online test-series delivery model and self-serve mobile-app distribution.
• Career Launcher (CL): Established test-prep and coaching brand in India with courses spanning CA, CS, and other professional streams. Comparable in offering CA test prep as part of a broader portfolio, with longer operating history and offline presence.

Emerging players

• Edu91: Emerging CA/CS-focused test prep platform with online test series and evaluation services. Comparable niche focus on professional course aspirants but with smaller scale than GM Test Series.
• CA Raj K Agrawal (Raj K Agrawal Classes): Independent CA coaching and test series brand offering online and offline classes. Comparable in serving CA aspirants with test-series-style products but operates at smaller scale.

Others

• Taxmann: Leading Indian publisher of CA, CS, and tax law books. Functions as a content partner whose publications are sold through GM Test Series's e-commerce shop, making it adjacent ecosystem infrastructure rather than a direct test-series competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/catestseries
• Facebookfacebook.com/camocktestseries
• LinkedInlinkedin.com/company/gm-test-series

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about GM Test Series