Company Intelligence Profile
Upside LMS HRTech Private Limited
Pune-based enterprise SaaS learning company behind the UpsideLMS / Invince learning platforms.
Last updated 4 August 2026
Upside LMS HRTech Private Limited is a Pune-based enterprise SaaS learning company known for its AI-powered Invince learning management platform and related tools. In FY 2024-25, the company reported approximately Rs 17.8 Cr in revenue, marking a growth of 15-16% year-on-year. Upside LMS serves over 400 enterprise customers across various industries.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Upside LMS HRTech Private Limited |
|---|---|
| CIN | U72900PN2018PTC178781 |
| PAN | AACCU3016F. |
| Status |
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| Listing | Unlisted / private limited company. |
| Incorporated | 18 September 2018. |
| ROC | RoC-Pune, Maharashtra. |
| Sector (NIC) |
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| Registered address |
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| Authorized capital |
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| Paid-up capital |
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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
Directors & DINs
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Amit Khemchand Gautam | 00406062 | - | - |
| Sudipta Sahu | 02152106 | - | - |
Financials
Latest audited FY 2024-25 (standalone), figures largely from aggregators:
| Revenue | approx Rs. 17.8 Cr, up ~15-16% YoY |
|---|---|
| EBITDA | exact figure gated |
| PAT / Net profit | exact figure gated |
| Net worth | exact figure gated |
| Borrowings | +18.51% YoY; 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.
Charges & Loans
- One open charge: HDFC Bank Limited, Rs. 2.0 Cr, created/modified 24 March 2025
- Source: Tofler, TheCompanyCheck
Competitors
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