COMPANY INTELLIGENCE PROFILE
Upside LMS HRTech Private Limited
Pune-based enterprise SaaS learning company behind the UpsideLMS / Invince learning platforms.
Established in September 2018 and based in Pune, this enterprise SaaS company specializes in learning management systems. It developed the UpsideLMS/Invince platforms, with products like Invince LMS and Invince LXP, serving over 400 enterprise clients across several sectors. The company saw a revenue of approximately Rs. 17.8 Cr with a 15-16% growth in FY 2024-25. It appears bootstrapped, with no identified external funding.
AI-generated, may contain errors.
Business Overview
- Enterprise learning technology company.
- Its LMS product, historically branded UpsideLMS, has been rebranded as Invince, upsidelms.com now redirects to invince.ai.
- Product suite includes Invince LMS, AI-powered, mobile-ready SaaS learning management system, Invince LXP, learning experience platform with skills intelligence, Invince Craft, generative-AI multilingual microlearning content tool, and Plethora Learning, curated library of 80K+ ready-to-use courses/videos.
- Serves 400+ enterprise customers across BFSI, healthcare, manufacturing and retail.
- Source: invince.ai, techjockey.com.
- Reported headcount ~85 (Oct 2025) per TheCompanyCheck., Treat headcount cautiously — aggregator estimate.
Sector & Classification
Information & communication / IT — computer programming, consultancy and related activities (NIC Group J62 / division 62). Domain: eLearning & Learning Management Systems. Source: TheCompanyCheck, MCA classification via registry aggregators.
Directors & Key Management
Directors — source notes
2 directors (both since incorporation 18 Sep 2018): (1) Amit Khemchand Gautam — DIN 00406062 (co-founder; email amitgautam@upsidelms.com); (2) Sudipta Sahu — DIN 02152106. DINs confirmed by Falconebiz (via Tofler cross-check). Source: Tofler, Falconebiz.
GST Registrations
Not obtained (exact GSTIN could not be confirmed from two independent sources; premium-gated on aggregators). PAN AACCU3016F confirmed (Tofler); home state Maharashtra (state code 27). Number of registrations: not obtained.
Financials
Upside LMS HRTech reported FY 2024-25 revenue of approximately Rs. 17.8 Cr, marking a 15-16% YoY increase. EBITDA and PAT grew by 63.6% and 53.42% respectively, with net worth up 11.15%. Borrowings increased by 18.51%, and total assets stood at Rs. 17.7 Cr.
AI-generated, may contain errors.
| Latest audited FY | 2024-25 (standalone), figures largely from aggregators: |
| Revenue | approx Rs. 17.8 Cr, up ~15-16% YoY, TheCompanyCheck Rs. 17.8 Cr / 15%; Tofler ~15.9% growth, revenue band Rs. 10-25 Cr. |
| EBITDA | exact figure gated; Tofler reports +63.6% YoY growth. |
| PAT / Net profit | exact figure gated; Tofler reports +53.42% YoY growth. |
| Net worth | exact figure gated; Tofler reports +11.15% YoY increase. |
| Borrowings | +18.51% YoY (Tofler); open secured charge of Rs. 2.0 Cr outstanding. |
| Balance sheet (Mar 2025) | total assets Rs. 17.7 Cr; trade receivables Rs. 8.6 Cr; cash & equivalents Rs. 0.3 Cr. |
| Standalone basis. Exact EBITDA/PAT/net worth values: not obtained (premium-gated). Source: Tofler, TheCompanyCheck. | |
Funding History
- No external/institutional funding round identified, appears bootstrapped/promoter-funded; parent group Upside Learning founded 2004. None found in Tracxn/Entrackr/Inc42 search results. Source: web search (no round data).
Loans & Charges
- One open charge: HDFC Bank Limited, Rs. 2.0 Cr, created/modified 24 March 2025. Source: Tofler, TheCompanyCheck.
Competitive Landscape
- Learning management / corporate learning platform peers: Docebo, global, large — ~US$217M FY24 revenue
- Cornerstone OnDemand, global, large — 7,000+ customers
- SAP Litmos (global, large)
- 360Learning, global, mid-large
- Moodle, open-source, very large install base
- Disprz (India, mid)
- Paradiso Solutions, India, small-mid
- LinkedIn Learning (global, large). UpsideLMS/Invince sits in the small-to-mid enterprise-SaaS LMS tier. Source: web search, Gartner peer insights.
Frequently Asked Questions
What does the company do?
The company is a Pune-based enterprise SaaS learning company that offers learning platforms including Invince LMS and Invince LXP. It provides AI-powered, mobile-ready learning management systems and caters to over 400 enterprise customers across various sectors.
What is the CIN of the company?
The company's CIN is U72900PN2018PTC178781.
When was the company incorporated?
The company was incorporated on 18 September 2018.
What is the registered office address of the company?
The registered office address is Survey No. 43/1 and 44/I/L, SMARTWORKS, Amar Madhuban Tech Park (AMTP), 9th Floor, Invince, Baner, Pune City, Maharashtra, India, 411045.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.