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THINK & LEARN PRIVATE LIMITED

Consolidated Financial Statements for period 01/04/2020 to 31/03/2021

(generated by PrivateCircle)

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 104.58 64.95 48.80
Goodwill 1,708.53 617.24 580.42
Other intangible assets 2,094.55 712.69 567.76
Intangible assets under development 1,390.88 1,230.54 428.07
Non-current financial assets [Abstract]
Non-current investments 0 0
Loans, non-current 61.66 41.02 24.25
Other non-current financial assets 427.06 0.05 2.65
Total non-current financial assets 488.72 41.07 26.90
Deferred tax assets (net) 0 0 0.05
Other non-current assets 563.50 223.05 17.33
Total non-current assets 6,350.76 2,889.54 1,669.33
Current assets [Abstract]
Inventories 252.48 54.23 50.87
Current financial assets [Abstract]
Current investments 1,341.75 1,887.74 1,717.34
Trade receivables, current 377.09 200.37 79.36
Cash and cash equivalents 2,675.43 645.57 468.70
Bank balance other than cash and cash equivalents 440.92 726.28 310.34
Loans, current 22.87 10.71 2.35
Other current financial assets 81.34 17.26 25.55
Total current financial assets 4,939.40 3,487.93 2,603.64
Other current assets 95.95 139.33 59.41
Total current assets 5,287.83 3,681.49 2,713.92
Total assets 11,638.59 6,571.03 4,383.25
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 3.64 3.41 3.28
Other equity 7,833.51 5,592.57 3,953.40
Total equity attributable to owners of parent 7,837.15 5,595.98 3,956.68
Non controlling interest -292.55 0 0
Total equity 7,544.6 5,595.98 3,956.68
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 0 0.84
Other non-current financial liabilities 171.12 145.60 0
Total non-current financial liabilities 171.12 145.60 0.84
Provisions, non-current 92.00 40.45 20.37
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Deferred tax liabilities (net) 233.52 77.60 133.79


Other non-current liabilities 10.63 26.59 12.71
Total non-current liabilities 507.27 290.24 167.71
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 1,351.81 0 5.67
Trade payables, current 1,065.41 482.36 134.29
Other current financial liabilities 527.69 71.95 5.96
Total current financial liabilities 2,944.91 554.31 145.92
Other current liabilities 580.95 128.13 111.62
Provisions, current 60.86 2.37 1.32
Total current liabilities 3,586.72 684.81 258.86
Total liabilities 4,093.99 975.05 426.57
Total equity and liabilities 11,638.59 6,571.03 4,383.25

2
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[210000] Statement of profit and loss

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 2,280.26 2,188.99
Other income 148.13 322.78
Total income 2,428.39 2,511.77
Expenses [Abstract]
Cost of materials consumed 0 0
Purchases of stock-in-trade 774.64 457.77
Changes in inventories of finished goods, work-in-progress and stock-in-trade -198.25 -3.36
Employee benefit expense 1,943.30 420.26
Finance costs 61.55 13.72
Depreciation, depletion and amortisation expense 394.56 231.88
Other expenses 4,051.67 1,753.07
Total expenses 7,027.47 2,873.34
Profit before exceptional items and tax -4,599.08 -361.57
Total profit before tax -4,599.08 -361.57
Tax expense [Abstract]
Current tax 0.65 0.07
Deferred tax -35.35 -56.14
Total tax expense -34.70 -56.07
Total profit (loss) for period from continuing operations -4,564.38 -305.50
Total profit (loss) for period -4,564.38 -305.50
Profit or loss, attributable to owners of parent -4,564.38 -305.50
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components presented net of tax Yes Yes
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be reclassified to profit or loss, net of tax
[Abstract]
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans -3.43 -2.51
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others 0.02 0
Total other comprehensive income that will not be reclassified to profit or loss, net of tax -3.41 -2.51
Components of other comprehensive income that will be reclassified to profit or loss, net of tax
[Abstract]
Exchange differences on translation net of tax [Abstract]
Gains (losses) on exchange differences on translation, net of tax -20.96 76.32
Total other comprehensive income, net of tax, exchange differences on translation -20.96 76.32
Total other comprehensive income that will be reclassified to profit or loss, net of tax -20.96 76.32
Total other comprehensive income -24.37 73.81
Other comprehensive income attributable to net of tax [Abstract]
Other Comprehensive income, attributable to owners of parent -24.11 73.81
Other Comprehensive income, attributable to non-controlling interests -0.26 0
Total comprehensive income -4,588.75 -231.69
Comprehensive income attributable to net of tax [Abstract]
Comprehensive income, attributable to owners of parent -4,183.37 -305.50
Comprehensive income, attributable to non-controlling interests -381.01 0
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented before tax No No
Other comprehensive income before tax [Abstract]
Total other comprehensive income -24.37 73.81
Other comprehensive income attributable to [Abstract]
Other Comprehensive income, attributable to owners of parent -24.11 73.81
Other Comprehensive income, attributable to non-controlling interests -0.26 0
Total comprehensive income -4,588.75 -231.69
Comprehensive income attributable to [Abstract]
Comprehensive income, attributable to owners of parent -4,183.37 -305.50
Comprehensive income, attributable to non-controlling interests -381.01 0

Earnings per share [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]

3
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[INR/shares] [INR/shares] [INR/shares] [INR/shares]


Basic earnings (loss) per share from continuing operations -13,051.34 -1,045.79 -13,051.34 -1,045.79
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total basic earnings (loss) per share -13,051.34 -1,045.79 -13,051.34 -1,045.79
Diluted earnings per share [Abstract]
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Diluted earnings (loss) per share from continuing operations -13,051.34 -1,045.79 -13,051.34 -1,045.79
[INR/shares] [INR/shares] [INR/shares] [INR/shares]
Total diluted earnings (loss) per share -13,051.34 -1,045.79 -13,051.34 -1,045.79

4
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[210000a] Statement of profit and loss

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Line items]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others 0.02 0

Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Table]
Unless otherwise specified, all monetary values are in Crores of INR
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Axis] Column 1
Period FY 2021 FY 2020
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Abstract]
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others [Line items]
Income tax related
to items that will
not be reclassified
Description of other comprehensive income that will not be reclassified to profit or loss, net of tax, others to profit or loss Not Applicable
Other comprehensive income that will not be reclassified to profit or loss, net of tax, others 0.02 0

5
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[310000] Cash flow statement,direct

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Net cash flows from (used in) operations -3,844.05 196.40
Interest received -55.02 -60.70
Income taxes paid (refund) 73.44 9.11
Other inflows (outflows) of cash (A) 478.14 (B) -69.94
Net cash flows from (used in) operating activities -3,494.37 56.65
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 0.38 0.49
Purchase of property, plant and equipment 1,156.19 1,129.70
Interest received 70.37 69.97
Other inflows (outflows) of cash (C) -844.50 (D) -474.43
Net cash flows from (used in) investing activities -1,929.94 -1,533.67
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 5,096.17 1,912.88
Proceeds from issuing debentures notes bonds etc 0 3.90
Proceeds from borrowings 1,359.07 0
Repayments of borrowings 7.26 5.67
Payments of finance lease liabilities 85.93 61.73
Interest paid 41.92 155.56
Other inflows (outflows) of cash (E) 1,132.95 (F) -40.13
Net cash flows from (used in) financing activities 7,453.08 1,653.69
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 2,028.77 176.67
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents 1.09 0.20
Net increase (decrease) in cash and cash equivalents 2,029.86 176.87
Cash and cash equivalents cash flow statement at end of period 2,675.43 645.57 468.70

Footnotes

(A)

(Rs. Crores) Allowance for expected credit loss – 32.43 Net bad debts written off – 0.07 Provision for doubtful advances – 6.8 Net loss/ (gain) on
assets measured at fair value through profit or loss (FVTPL) – 8.29 Provision for sales returns – 19.51 Provision for guarantee – 34.51 Provision
for doubtful security deposits – 4.38 Stock compensation expenses – 466.67 Lease concession income – (0.69) Profit on sale of current
investments – (93.83)

(B)

(Rs. Crores) Allowance for expected credit loss – 22.3 Net bad debts written off – 9.55 Provision for doubtful advances – 9.63 Net loss/ (gain) on
assets measured at fair value through profit or loss (FVTPL) – (28.72) Goodwill written off – 0.24 Stock compensation expenses – 0.82 Profit on
sale of property, plant and equipment – (0.35) Profit on sale of current investments – (83.41)

(C)

Net proceeds/(investment) in term deposits- (140.59) Investment in mutual funds and bonds- (2352.40) Proceeds from redemption of Mutual
Funds and bonds- 2983.83 Loan to others- (32.00) Payment on account of acquisition of business- (1303.34)

(D)

Net proceeds/(investment) in term deposits- (413.34) Investment in mutual funds and bonds- (3775.02) Proceeds from redemption of Mutual
Funds and bonds- 3693.93

(E) Share application money received, pending allotment- 1139.17 Expenses in connection with issue of shares- (6.22)

(F) Expenses in connection with issue of shares- (40.13)

6
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax -4,599.08 -361.57
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for finance costs 61.55 162.12
Adjustments for decrease (increase) in inventories -198.25 -3.37
Adjustments for decrease (increase) in trade receivables, current -153.69 -138.76
Adjustments for decrease (increase) in other current assets 72.40 -66.44
Adjustments for decrease (increase) in other non-current assets -224.88 13.88
Adjustments for other financial assets, non-current 4.58 -23.72
Adjustments for other financial assets, current -100.07 10.92
Adjustments for increase (decrease) in trade payables, current 476.27 348.07
Adjustments for increase (decrease) in other current liabilities 260.36 14.39
Adjustments for increase (decrease) in other non-current liabilities -6.18 0
Adjustments for depreciation and amortisation expense 394.56 231.88
Adjustments for provisions, current (A) 52.05 (B) 21.14
Adjustments for other financial liabilities, current 117.16 0.81
Adjustments for unrealised foreign exchange losses gains -0.83 -12.95
Total adjustments for reconcile profit (loss) 755.03 557.97
Net cash flows from (used in) operations -3,844.05 196.40
Interest received -55.02 -60.70
Income taxes paid (refund) 73.44 9.11
Other inflows (outflows) of cash (C) 478.14 (D) -69.94
Net cash flows from (used in) operating activities -3,494.37 56.65
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 0.38 0.49
Purchase of property, plant and equipment 1,156.19 1,129.70
Interest received 70.37 69.97
Other inflows (outflows) of cash (E) -844.50 (F) -474.43
Net cash flows from (used in) investing activities -1,929.94 -1,533.67
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 5,096.17 1,912.88
Proceeds from issuing debentures notes bonds etc 0 3.90
Proceeds from borrowings 1,359.07 0
Repayments of borrowings 7.26 5.67
Payments of finance lease liabilities 85.93 61.73
Interest paid 41.92 155.56
Other inflows (outflows) of cash (G) 1,132.95 (H) -40.13
Net cash flows from (used in) financing activities 7,453.08 1,653.69
Net increase (decrease) in cash and cash equivalents before effect of exchange rate
changes 2,028.77 176.67
Effect of exchange rate changes on cash and cash equivalents [Abstract]
Effect of exchange rate changes on cash and cash equivalents 1.09 0.20
Net increase (decrease) in cash and cash equivalents 2,029.86 176.87
Cash and cash equivalents cash flow statement at end of period 2,675.43 645.57 468.70

Footnotes

(A) Long Term provisions- 48.12 Short Term provisions- 3.93

(B) Short Term provisions

(C)

(Rs. Crores) Allowance for expected credit loss – 32.43 Net bad debts written off – 0.07 Provision for doubtful advances – 6.8 Net loss/ (gain) on
assets measured at fair value through profit or loss (FVTPL) – 8.29 Provision for sales returns – 19.51 Provision for guarantee – 34.51 Provision
for doubtful security deposits – 4.38 Stock compensation expenses – 466.67 Lease concession income – (0.69) Profit on sale of current
investments – (93.83)

(D)

(Rs. Crores) Allowance for expected credit loss – 22.3 Net bad debts written off – 9.55 Provision for doubtful advances – 9.63 Net loss/ (gain) on
assets measured at fair value through profit or loss (FVTPL) – (28.72) Goodwill written off – 0.24 Stock compensation expenses – 0.82 Profit on
sale of property, plant and equipment – (0.35) Profit on sale of current investments – (83.41)

7
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(E)

Net proceeds/(investment) in term deposits- (140.59) Investment in mutual funds and bonds- (2352.40) Proceeds from redemption of Mutual
Funds and bonds- 2983.83 Loan to others- (32.00) Payment on account of acquisition of business- (1303.34)

(F)

Net proceeds/(investment) in term deposits- (413.34) Investment in mutual funds and bonds- (3775.02) Proceeds from redemption of Mutual
Funds and bonds- 3693.93

(G) Share application money received, pending allotment- 1139.17 Expenses in connection with issue of shares- (6.22)

(H) Expenses in connection with issue of shares- (40.13)

8
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400100] Notes - Equity share capital

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of notes on equity share capital explanatory [Text Block] Information (1)
Disclosure of details on private placement of share [Abstract]
Disclosure of details on private placement of equity share [Abstract]
Number of persons on private placement of equity share [pure] 32 [pure] 6
Nature of security on private placement of equity share Not applicable Not applicable

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
[shares] [shares] [shares]
Number of shares authorised 6,066,000.00 5,566,000.00 5,566,000.00
Value of shares authorised 6.07 5.57 5.57
[shares] [shares] [shares]
Number of shares issued 3,638,595.00 3,401,951.00 3,270,269.00
Value of shares issued 3.64 3.4 3.27
[shares] [shares] [shares]
Number of shares subscribed and fully paid 3,638,595.00 3,401,951.00 3,270,269.00
Value of shares subscribed and fully paid 3.64 3.4 3.27
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 3,638,595.00 3,401,951.00 3,270,269.00
Total value of shares subscribed 3.64 3.4 3.27
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 3,638,595.00 3,401,951.00 3,270,269.00
Value of shares called 3.64 3.4 3.27
Value of shares paid-up 3.64 3.4 3.27
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
[shares] [shares]
Number of shares issued in other private placement 234,784.00 131,682.00 [shares] 0
Number of shares issued under employee stock option plan [shares] 1,860.00 [shares] 0 [shares] 0
[shares] [shares]
Total aggregate number of shares issued during period 236,644.00 131,682.00 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
[shares] [shares]
Total increase (decrease) in number of shares outstanding 236,644.00 131,682.00 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 3,638,595.00 3,401,951.00 3,270,269.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0.23 0.13 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0.23 0.13 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0.23 0.13 0
Equity share capital at end of period 3.64 3.41 3.28
Details of application money received for allotment of securities and due for refund
and interest accrued thereon [Abstract]
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for refund
and interest accrued thereon 0 0

9
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 1 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Equity shares of Equity shares of Equity shares of
Type of share Rs. 10/- each Rs. 10/- each Rs. 10/- each
[shares] [shares] [shares]
Number of shares authorised 3,238,236.00 3,438,236.00 3,638,236.00
Value of shares authorised 3.24 3.44 3.64
[shares] [shares] [shares]
Number of shares issued 1,408,559.00 1,406,699.00 1,406,699.00
Value of shares issued 1.41 1.41 1.41
[shares] [shares] [shares]
Number of shares subscribed and fully paid 1,408,559.00 1,406,699.00 1,406,699.00
Value of shares subscribed and fully paid 1.41 1.41 1.41
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 1,408,559.00 1,406,699.00 1,406,699.00
Total value of shares subscribed 1.41 1.41 1.41
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 1,408,559.00 1,406,699.00 1,406,699.00
Value of shares called 1.41 1.41 1.41
Value of shares paid-up 1.41 1.41 1.41
[INR/shares] [INR/shares] [INR/shares]
Par value per share 10.00 10.00 10.00
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 1,860.00 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 1,860.00 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 1,860.00 [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 1,408,559.00 1,406,699.00 1,406,699.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 1.41 1.41 1.41

Disclosure of classes of equity share capital [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 2 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series A CCCPS Series A CCCPS Series A CCCPS
Type of share with voting rights with voting rights with voting rights
[shares] [shares] [shares]
Number of shares authorised 516,000.00 516,000.00 516,000.00
Value of shares authorised 0.52 0.52 0.52
[shares] [shares] [shares]
Number of shares issued 515,822.00 515,822.00 515,822.00
Value of shares issued 0.52 0.52 0.52

10
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[shares] [shares] [shares]


Number of shares subscribed and fully paid 515,822.00 515,822.00 515,822.00
Value of shares subscribed and fully paid 0.52 0.52 0.52
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 515,822.00 515,822.00 515,822.00
Total value of shares subscribed 0.52 0.52 0.52
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 515,822.00 515,822.00 515,822.00
Value of shares called 0.52 0.52 0.52
Value of shares paid-up 0.52 0.52 0.52
[INR/shares] [INR/shares] [INR/shares]
Par value per share 10.00 10.00 10.00
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 515,822.00 515,822.00 515,822.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0 0
Total decrease in equity share capital during period 0 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.52 0.52 0.52

Disclosure of classes of equity share capital [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 3 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series B CCCPS Series B CCCPS Series B CCCPS
Type of share with voting rights with voting rights with voting rights
[shares] [shares] [shares]
Number of shares authorised 207,386.00 207,386.00 207,386.00
Value of shares authorised 0.21 0.21 0.21
[shares] [shares] [shares]
Number of shares issued 207,386.00 207,386.00 207,386.00
Value of shares issued 0.21 0.21 0.21
[shares] [shares] [shares]
Number of shares subscribed and fully paid 207,386.00 207,386.00 207,386.00
Value of shares subscribed and fully paid 0.21 0.21 0.21
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 207,386.00 207,386.00 207,386.00
Total value of shares subscribed 0.21 0.21 0.21
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 207,386.00 207,386.00 207,386.00
Value of shares called 0.21 0.21 0.21
Value of shares paid-up 0.21 0.21 0.21
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10

11
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 207,386.00 207,386.00 207,386.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.21 0.21 0.21

Disclosure of classes of equity share capital [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 4 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series C CCCPS Series C CCCPS Series C CCCPS
Series C1 CCCPS Series C1 CCCPS Series C1 CCCPS
and Series C2 and Series C2 and Series C2
CCCPS with CCCPS with CCCPS with
Type of share voting rights voting rights voting rights
[shares] [shares] [shares]
Number of shares authorised 317,123.00 317,123.00 317,123.00
Value of shares authorised 0.32 0.32 0.32
[shares] [shares] [shares]
Number of shares issued 297,428.00 297,428.00 297,428.00
Value of shares issued 0.3 0.3 0.3
[shares] [shares] [shares]
Number of shares subscribed and fully paid 297,428.00 297,428.00 297,428.00
Value of shares subscribed and fully paid 0.3 0.3 0.3
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 297,428.00 297,428.00 297,428.00
Total value of shares subscribed 0.3 0.3 0.3
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 297,428.00 297,428.00 297,428.00
Value of shares called 0.3 0.3 0.3
Value of shares paid-up 0.3 0.3 0.3
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0

12
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[shares] [shares] [shares]


Number of shares outstanding at end of period 297,428.00 297,428.00 297,428.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.3 0.3 0.3

Disclosure of classes of equity share capital [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 5 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series D CCCPS Series D CCCPS Series D CCCPS
Type of share with voting rights with voting rights with voting rights
[shares] [shares] [shares]
Number of shares authorised 192,255.00 192,255.00 192,255.00
Value of shares authorised 0.19 0.19 0.19
[shares] [shares] [shares]
Number of shares issued 192,255.00 192,255.00 192,255.00
Value of shares issued 0.19 0.19 0.19
[shares] [shares] [shares]
Number of shares subscribed and fully paid 192,255.00 192,255.00 192,255.00
Value of shares subscribed and fully paid 0.19 0.19 0.19
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 192,255.00 192,255.00 192,255.00
Total value of shares subscribed 0.19 0.19 0.19
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 192,255.00 192,255.00 192,255.00
Value of shares called 0.19 0.19 0.19
Value of shares paid-up 0.19 0.19 0.19
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 192,255.00 192,255.00 192,255.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.19 0.19 0.19

13
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of classes of equity share capital [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 6 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series E CCCPS Series E CCCPS Series E CCCPS
Type of share with voting rights with voting rights with voting rights
[shares] [shares] [shares]
Number of shares authorised 170,000.00 170,000.00 170,000.00
Value of shares authorised 0.17 0.17 0.17
[shares] [shares] [shares]
Number of shares issued 166,347.00 166,347.00 166,347.00
Value of shares issued 0.17 0.17 0.17
[shares] [shares] [shares]
Number of shares subscribed and fully paid 166,347.00 166,347.00 166,347.00
Value of shares subscribed and fully paid 0.17 0.17 0.17
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 166,347.00 166,347.00 166,347.00
Total value of shares subscribed 0.17 0.17 0.17
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 166,347.00 166,347.00 166,347.00
Value of shares called 0.17 0.17 0.17
Value of shares paid-up 0.17 0.17 0.17
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 166,347.00 166,347.00 166,347.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.17 0.17 0.17

Disclosure of classes of equity share capital [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 7 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series E1 CCCPS Series E1 CCCPS Series E1 CCCPS
Type of share with voting rights with voting rights with voting rights
Number of shares authorised [shares] 61,000.00 [shares] 61,000.00 [shares] 61,000.00
Value of shares authorised 0.06 0.06 0.06
Number of shares issued [shares] 60,627.00 [shares] 60,627.00 [shares] 60,627.00
Value of shares issued 0.06 0.06 0.06
Number of shares subscribed and fully paid [shares] 60,627.00 [shares] 60,627.00 [shares] 60,627.00
Value of shares subscribed and fully paid 0.06 0.06 0.06
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0

14
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Value of shares subscribed but not fully paid 0 0 0


Total number of shares subscribed [shares] 60,627.00 [shares] 60,627.00 [shares] 60,627.00
Total value of shares subscribed 0.06 0.06 0.06
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 60,627.00 [shares] 60,627.00 [shares] 60,627.00
Value of shares called 0.06 0.06 0.06
Value of shares paid-up 0.06 0.06 0.06
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 60,627.00 [shares] 60,627.00 [shares] 60,627.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.06 0.06 0.06

Disclosure of classes of equity share capital [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 8 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series E2 CCCPS Series E2 CCCPS Series E2 CCCPS
Type of share with voting rights with voting rights with voting rights
Number of shares authorised [shares] 14,000.00 [shares] 14,000.00 [shares] 14,000.00
Value of shares authorised 0.01 0.01 0.01
Number of shares issued [shares] 13,297.00 [shares] 13,297.00 [shares] 13,297.00
Value of shares issued 0.01 0.01 0.01
Number of shares subscribed and fully paid [shares] 13,297.00 [shares] 13,297.00 [shares] 13,297.00
Value of shares subscribed and fully paid 0.01 0.01 0.01
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 13,297.00 [shares] 13,297.00 [shares] 13,297.00
Total value of shares subscribed 0.01 0.01 0.01
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 13,297.00 [shares] 13,297.00 [shares] 13,297.00
Value of shares called 0.01 0.01 0.01
Value of shares paid-up 0.01 0.01 0.01
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued in other private placement [shares] 0 [shares] 0 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
Total aggregate number of shares issued during period [shares] 0 [shares] 0 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 0 [shares] 0 [shares] 0
Number of shares outstanding at end of period [shares] 13,297.00 [shares] 13,297.00 [shares] 13,297.00

15
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Reconciliation of value of shares outstanding [Abstract]


Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period 0 0 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0 0 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0 0 0
Equity share capital at end of period 0.01 0.01 0.01

Disclosure of classes of equity share capital [Table] ..(10)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 9 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Series F CCCPS Series F CCCPS Series F CCCPS
Type of share with voting rights with voting rights with voting rights
[shares] [shares] [shares]
Number of shares authorised 1,350,000.00 650,000.00 450,000.00
Value of shares authorised 1.35 0.65 0.45
[shares] [shares] [shares]
Number of shares issued 776,874.00 542,090.00 410,408.00
Value of shares issued 0.78 0.54 0.41
[shares] [shares] [shares]
Number of shares subscribed and fully paid 776,874.00 542,090.00 410,408.00
Value of shares subscribed and fully paid 0.78 0.54 0.41
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
[shares] [shares] [shares]
Total number of shares subscribed 776,874.00 542,090.00 410,408.00
Total value of shares subscribed 0.78 0.54 0.41
Value of shares paid-up [Abstract]
[shares] [shares] [shares]
Number of shares paid-up 776,874.00 542,090.00 410,408.00
Value of shares called (A) 0.77 0.54 0.41
Value of shares paid-up 0.77 0.54 0.41
Par value per share [INR/shares] 10 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
[shares] [shares]
Number of shares issued in other private placement 234,784.00 131,682.00 [shares] 0
Number of shares issued under employee stock option plan [shares] 0 [shares] 0 [shares] 0
[shares] [shares]
Total aggregate number of shares issued during period 234,784.00 131,682.00 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares [shares] 0 [shares] 0
Total decrease in number of shares during period [shares] 0 [shares] 0
[shares] [shares]
Total increase (decrease) in number of shares outstanding 234,784.00 131,682.00 [shares] 0
[shares] [shares] [shares]
Number of shares outstanding at end of period 776,874.00 542,090.00 410,408.00
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of other private placement issue during period (B) 0.23 0.13 0
Amount of shares issued under employee stock option plan 0 0 0
Total aggregate amount of increase in equity share capital during period 0.23 0.13 0
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares 0 0
Total decrease in equity share capital during period 0 0
Total increase (decrease) in share capital 0.23 0.13 0
Equity share capital at end of period 0.77 0.54 0.41

16
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Footnotes

(A)

Total amount of value of shares called for Series F CCCPS at the end of FY 2020-21 is INR 77,68,740/- (i.e. 7,76,874 Series F CCCPS of face
value of Rs.10/- each) but to match the total value to the Balance Sheet, the value is provided as INR 77,00,000/-

(B)

Total amount of other private placement issue during period 2020-21 is INR 23,47,840/- (i.e. 2,34,784 Series F CCCPS of face value of Rs.10/-
each) but to match the total value to the Balance Sheet, the value is provided as INR 23,00,000/-

Disclosure of shareholding more than five per cent in company [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020
Disclosure of shareholding more than five per cent in company [Abstract]
Whether there are any shareholders holding more than five per cent shares in company Yes Yes

Disclosure of shareholding more than five per cent in company [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Equity shares of Equity shares of Equity shares of
Type of share Rs. 10/- each Rs. 10/- each Rs. 10/- each

Disclosure of shareholding more than five per cent in company [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 1 [Member] Shareholder 2 [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of shareholding more than five per cent in company
[Abstract]
Disclosure of shareholding more than five per cent in company
[Line Items]
Equity shares of Equity shares of Equity shares of Equity shares of
Type of share Rs. 10 each Rs. 10 each Rs. 10 each Rs. 10 each
BYJU BYJU RIJU RIJU
Name of shareholder RAVEENDRAN RAVEENDRAN RAVINDRAN RAVINDRAN
Permanent account number of shareholder AGLPR6901Q AGLPR6901Q AKZPR0646J AKZPR0646J
Country of incorporation or residence of shareholder INDIA INDIA INDIA INDIA
[shares] [shares] [shares]
Number of shares held in company 710,051.00 708,091.00 [shares] 89,763.00 283,614.00
Percentage of shareholding in company 50.41% 50.34% 6.37% 20.16%

Disclosure of shareholding more than five per cent in company [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 3 [Member] Shareholder 4 [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of shareholding more than five per cent in company
[Abstract]
Disclosure of shareholding more than five per cent in company
[Line Items]
Equity shares of Equity shares of Equity shares of Equity shares of
Type of share Rs. 10 each Rs. 10 each Rs. 10 each Rs. 10 each
SLP Beta SLP Beta
Holdings Cayman Holdings Cayman
Ltd, Cayman Ltd, Cayman
Name of shareholder Divya Gokulnath Divya Gokulnath Island Island
Permanent account number of shareholder AJRPG2384H AJRPG2384H
CAYMAN CAYMAN
Country of incorporation or residence of shareholder INDIA INDIA ISLANDS ISLANDS

17
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[shares] [shares]
Number of shares held in company 149,611.00 149,611.00 [shares] 86,780.00 [shares] 0
Percentage of shareholding in company 10.62% 10.64% 6.16% 0%

Disclosure of shareholding more than five per cent in company [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 5 [Member]
Period FY 2021 FY 2020
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Equity shares of Equity shares of
Type of share Rs. 10 each Rs. 10 each
MIH Ventures MIH Ventures
Name of shareholder B.V., Netherlands B.V., Netherlands
Country of incorporation or residence of shareholder NETHERLANDS NETHERLANDS
Number of shares held in company [shares] 81,771.00 [shares] 81,771.00
Percentage of shareholding in company 5.81% 5.81%

Disclosure of shareholding more than five per cent in company [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 2 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series A CCCPS Series A CCCPS Series A CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 3 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series B CCCPS Series B CCCPS Series B CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 4 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series C CCCPS Series C CCCPS Series C CCCPS
Series C1 CCCPS Series C1 CCCPS Series C1 CCCPS
and Series C2 and Series C2 and Series C2
CCCPS with CCCPS with CCCPS with
Type of share voting rights voting rights voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 5 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series D CCCPS Series D CCCPS Series D CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(10)

Unless otherwise specified, all monetary values are in Crores of INR

18
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of equity share capital [Axis] Equity shares 6 [Member]


Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series E CCCPS Series E CCCPS Series E CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(11)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 7 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series E1 CCCPS Series E1 CCCPS Series E1 CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(12)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 8 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series E2 CCCPS Series E2 CCCPS Series E2 CCCPS
Type of share with voting rights with voting rights with voting rights

Disclosure of shareholding more than five per cent in company [Table] ..(13)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of equity share capital [Axis] Equity shares 9 [Member]
Name of shareholder [Axis] Name of shareholder [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [Line Items]
Series F CCCPS Series F CCCPS Series F CCCPS
Type of share with voting rights with voting rights with voting rights

Textual information (1): Disclosure of notes on equity share capital explanatory [Text Block]

14. Share capital


(Rs. Crores)

As at 31 March As at 31 March As at 1 April,


Particulars
2021 2020 2019

Number of Number of Number of


Amount Amount Amount
shares shares shares

Equity shares of Rs 10/- each with voting rights 32,38,236 3.24 34,38,236 3.44 36,38,236 3.44

Series A compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 5,16,000 0.52 5,16,000 0.52 5,16,000 0.52
("Series A CCCPS")

Series B compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 2,07,386 0.21 2,07,386 0.21 2,07,386 0.21
("Series B CCCPS")

Series C compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 1,10,000 0.11 1,10,000 0.11 1,10,000 0.11
("Series C CCCPS")

Series C1 compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 1,30,000 0.13 1,30,000 0.13 1,30,000 0.13
("Series C1 CCCPS")

19
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Series C2 compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 77,123 0.08 77,123 0.08 77,123 0.08
("Series C2 CCCPS")

Series D compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 1,92,255 0.19 1,92,255 0.19 1,92,255 0.19
("Series D CCCPS")

Series E compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 1,70,000 0.17 1,70,000 0.17 1,70,000 0.17
("Series E CCCPS")

Series E1 compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 61,000 0.06 61,000 0.06 61,000 0.06
("Series E1 CCCPS")

Series E2 compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 14,000 0.01 14,000 0.01 14,000 0.01
("Series E2 CCCPS")

Series F compulsorily convertible cumulative


preference shares of Rs. 10/- each with voting rights 13,50,000 1.35 6,50,000 0.65 4,50,000 0.45
("Series F CCCPS")

Total 60,66,000 6.07 55,66,000 5.57 55,66,000 5.57

Note: 136,788 number of shares reserved for ESOPs as at 31 Mar 2021 (As at 31 Mar 2020 138,648 number of shares, As at 1 Apr 2019, 39,390
number of shares)
Issued, subscribed and fully paid-up share capital
(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 1 April, 2019

Number of shares Amount Number of shares Amount Number of shares Amount

Equity shares of Rs 10/-


14,08,559 1.41 14,06,699 1.41 14,06,699 1.41
each with voting rights

Total 14,08,559 1.41 14,06,699 1.41 14,06,699 1.41

(b) Instruments entirely equity in nature


Compulsorily convertible cumulative preference share capital ("CCCPS")

As at 31 March As at 31 March
Particulars As at 1 April, 2019
2021 2020

Number of shares Amount Number of shares Amount Number of shares Amount

Series A CCCPS of Rs. 10/- each with


5,15,822 0.52 5,15,822 0.52 5,15,822 0.52
voting rights

Series B CCCPS of Rs. 10/- each with


2,07,386 0.21 2,07,386 0.21 2,07,386 0.21
voting rights

Series C CCCPS of Rs. 10/- each with


92,904 0.09 92,904 0.09 92,904 0.09
voting rights

Series C1 CCCPS of Rs. 10/- each with


1,27,401 0.13 1,27,401 0.13 1,27,401 0.13
voting rights

Series C2 CCCPS of Rs. 10/- each with


77,123 0.08 77,123 0.08 77,123 0.08
voting rights

Series D CCCPS of Rs. 10/- each with


1,92,255 0.19 1,92,255 0.19 1,92,255 0.19
voting rights

Series E CCCPS of Rs. 10/- each with


1,66,347 0.17 1,66,347 0.17 1,66,347 0.17
voting rights

Series E1 CCCPS of Rs. 10/- each with


60,627 0.06 60,627 0.06 60,627 0.06
voting rights

Series E2 CCCPS of Rs. 10/- each with


13,297 0.01 13,297 0.01 13,297 0.01
voting rights

Series F CCCPS of Rs. 10/- each with


7,76,874 0.78 5,42,090 0.54 4,10,408 0.41
voting rights

Total 22,30,036 2.24 19,95,252 2.00 18,63,570 1.86

20
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(Refer notes (i) to (iv) below)


Notes:
(i) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the reporting year

Particulars Opening Balance Fresh issue Closing balance

Equity shares with voting rights

Year ended 31 March, 2021

- Number of shares 14,06,699 1,860 14,08,559

- Amount (Rs. crores) 1.41 - 1.41

Year ended 31 March, 2020

- Number of shares 14,06,699 - 14,06,699

- Amount (Rs. crores) 1.41 - 1.41

Series A CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 5,15,822 - 5,15,822

- Amount (Rs. crores) 0.52 - 0.52

Year ended 31 March, 2020

- Number of shares 5,15,822 - 5,15,822

- Amount (Rs. crores) 0.52 - 0.52

Series B CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 2,07,386 - 2,07,386

- Amount (Rs. crores) 0.21 - 0.21

Year ended 31 March, 2020

- Number of shares 2,07,386 - 2,07,386

- Amount (Rs. crores) 0.21 - 0.21

Series C CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 92,904 - 92,904

- Amount (Rs. crores) 0.09 - 0.09

Year ended 31 March, 2020

- Number of shares 92,904 - 92,904

- Amount (Rs. crores) 0.09 - 0.09

Series C1 CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 1,27,401 - 1,27,401

- Amount (Rs. crores) 0.13 - 0.13

Year ended 31 March, 2020

- Number of shares 1,27,401 - 1,27,401

- Amount (Rs. crores) 0.13 - 0.13

Series C2 CCCPS with voting rights

Year ended 31 March, 2021

21
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

- Number of shares 77,123 - 77,123

- Amount (Rs. crores) 0.08 - 0.08

Year ended 31 March, 2020

- Number of shares 77,123 - 77,123

- Amount (Rs. crores) 0.08 - 0.08

Series D CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 1,92,255 - 1,92,255

- Amount (Rs. crores) 0.19 - 0.19

Year ended 31 March, 2020

- Number of shares 1,92,255 - 1,92,255

- Amount (Rs. crores) 0.19 - 0.19

Series E CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 1,66,347 - 1,66,347

- Amount (Rs. crores) 0.17 - 0.17

Year ended 31 March, 2020

- Number of shares 1,66,347 - 1,66,347

- Amount (Rs. crores) 0.17 - 0.17

Series E1 CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 60,627 - 60,627

- Amount (Rs. crores) 0.06 - 0.06

Year ended 31 March, 2020

- Number of shares 60,627 - 60,627

- Amount (Rs. crores) 0.06 - 0.06

Series E2 CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 13,297 - 13,297

- Amount (Rs. crores) 0.01 - 0.01

Year ended 31 March, 2020

- Number of shares 13,297 - 13,297

- Amount (Rs. crores) 0.01 - 0.01

Series F CCCPS with voting rights

Year ended 31 March, 2021

- Number of shares 5,42,090 2,34,784 7,76,874

- Amount (Rs. crores) 0.54 0.24 0.78

Year ended 31 March, 2020

- Number of shares 4,10,408 1,31,682 5,42,090

- Amount (Rs. crores) 0.41 0.13 0.54

22
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(ii) Details of rights, preferences and restrictions attached to each class of shares
a) The Parent has only one class of equity shares having a par value of Rs.10 each. Each holder of equity shares is entitled to one vote per
share. In the event of liquidation, equity share holders are entitled to receive the residual assets of the Parent after distribution of all preferential
amounts, in proportion to the number of shares held by them.
b) The Parent has only one class of preference shares under different series A, B, C, C1, C2, D, E, E1, E2 & F having a par value of Rs.10 per
share and compulsorily convertible into equity shares as per terms as given in Memorandum & Articles of Association read with amended and
restated Shareholders Agreement dated February 28, 2019 . Each holder of Preference Shares shall be entitled to one vote per share at each
meeting of the holders of Equity Shares of the Parent to the extent of such proportion of the total voting rights, as the Preference Share holders
would have been entitled assuming full conversion of all the Preference Shares, along with any Equity Shares held by the Preference Share
holders.
c) Series A
Series A CCCPS shall be converted into equity shares at any time at the option of the holders of series A. Subject to applicable laws upon the
earlier of (i)One day prior to expiry of ten (10) years of allotment and, or (ii) in connection with Initial Public Offer ("IPO") including any subsequent
IPO, or the last day as may be permitted under applicable law (iii) a decision by vote or by written consent of the holders of a majority of the
series A CCCPS that series A CCCPS must be converted. Each Series A CCCPS is convertible to 0.97 number of equity shares.
d) Series B, C, C1, C2, D, E, E1, E2 and F
Each series of compulsorily convertible cumulative preference shares shall be converted into equity shares at any time at the option of the
holders of each series. Subject to applicable laws, each series of B,C,C1,C2,D, E. E1, E2 and F CCCPS shall automatically be converted into
equity shares upon the earlier of (i)1(one) day prior to the expiry of twenty (20) years from the date of allotment or (ii) in connection with IPO
including any subsequent IPO prior to filing of prospectus by the Parent with the competent authority or such later date as may be permitted by
law, or (iii) a decision by vote or by written consent of the holders of a majority of each of the series that all such series must be converted. Each
share of the series B, C, C1, C2, D, E, E1, E2 and F CCCPS shall be converted to 1 (one) equity shares.
The share holding pattern on an "as converted" basis for the CCCPS pursuant to the latest fund rounds during the years ended March, 31 2021,
March, 31, 2020 and March 31, 2019 which has been approved by the Share holders of the Parent vide the results of the EGMs dated 01
December, 2020, 18 February, 2020, 13 March 2019 respectively in accordance with the terms of the agreement entered into between the share
holders is as follows. Accordingly, CCCPS has been classified as equity in the financial statements.

As at 31 March As at 31 March
Particulars As at 01 April 2019
2021 2020

Number of equity Number of equity Number of equity


Number of shares Number of shares Number of shares
shares upon shares upon shares upon
before conversion before conversion before conversion
conversion of conversion of conversion of
of CCCPS to equity of CCCPS to equity of CCCPS to equity
CCCPS to equity CCCPS to equity CCCPS to equity
shares shares shares
shares shares shares

Series A CCCPS
5,15,822 5,02,566 5,15,822 5,02,566 5,15,822 5,02,566
holders

Series B CCCPS
2,07,386 2,07,386 2,07,386 2,07,386 2,07,386 2,07,386
holders

Series C CCCPS
92,904 92,904 92,904 92,904 92,904 92,904
holders

Series C1 CCCPS
1,27,401 1,27,401 1,27,401 1,27,401 1,27,401 1,27,401
holders

Series C2 CCCPS
77,123 77,123 77,123 77,123 77,123 77,123
holders

Series D CCCPS
1,92,255 1,92,255 1,92,255 1,92,255 1,92,255 1,92,255
holders

Series E CCCPS
1,66,347 1,66,347 1,66,347 1,66,347 1,66,347 1,66,347
holders

Series E1 CCCPS
60,627 60,627 60,627 60,627 60,627 60,627
holders

Series E2 CCCPS
13,297 13,297 13,297 13,297 13,297 13,297
holders

Series F CCCPS
7,76,874 7,76,874 5,42,090 5,42,090 4,10,408 4,10,408
holders

All the CCCPS shares are entitled to a cumulative preference dividend of 0.001% per annum. The preference dividend shall accrue from year to
year whether or not paid and accrued dividend shall be paid in full, prior and in preference to any other class of shares.
The Parent has not declared preference dividend for the past 5 (five) years to its preference shareholders. By virtue of Section 47(2) of the
Companies Act 2013, these preference shareholders shall be entitled to voting rights.
The Parent has entered into a share-cum-warrant subscription agreement with Bennett, Coleman & group Limited (BCCL) pursuant to which, 5
equity shares and 10 share warrants have been issued to BCCL. As at March 31, 2021, BCCL holds 5 Equity Shares and 10 Warrants. As on 31
March 2021 none of the share warrants have been converted to shares. For further details (refer note 45)

23
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Details of shareholders holding more than 5% shares in the company

As at 31 March As at 31 March As at 01 April


Name of the shareholder
2021 2020 2019

% holding in % holding in % holding in


Number of Number of Number of
that class of that class of that class of
shares held shares held shares held
shares shares shares

Equity shares of Rs. 10/- each fully paid

Byju Raveendran 7,10,051 50.41% 7,08,091 50.34% 7,08,091 50.34%

Divya Gokulnath 1,49,611 10.62% 1,49,611 10.64% 1,44,945 10.30%

Riju Ravindran 89,763 6.37% 2,83,614 20.16% 2,83,514 20.15%

SLP Beta Holdings Cayman Ltd, Cayman


86,780 6.16% - - - -
Island

MIH Ventures B.V., Netherlands 81,771 5.81% 81,771 5.81% - -

Naspers Ventures BV, Netherlands - - - - 81,771 5.81%

Series A CCCPS of Rs. 10/- each with voting


rights

MIH Ventures B.V., Netherlands 1,03,871 20.14% 1,03,871 20.14% - 0.00%

Lightspeed Venture Partners Select


61,009 11.83% 61,009 11.83% 87,256 16.92%
Mauritius, Mauritius

SCI Investments V, Mauritius 53,867 10.44% 53,867 10.44% 74,675 14.48%

Sequoia Capital India Investments IV,


52,348 10.15% 52,348 10.15% 72,570 14.07%
Mauritius

General Atlantic Singapore TL Pte. Ltd,


34,285 6.65% 34,285 6.65% - 0.00%
Singapore

Lightspeed India Partners I, LLC, Mauritius 34,064 6.60% 34,064 6.60% 51,561 10.00%

INQ Holding LLC, Qatar 26,722 5.18% 26,722 5.18% - 0.00%

CPP Investment Board Private Holdings (3)


26,557 5.15% 26,557 5.15% 26,557 5.15%
Inc., Canada

Sofina SA, Belgium 21,489 4.17% - - - -

Naspers Ventures BV, Netherlands - - - - 1,03,871 20.14%

Sofina Ventures S.A. (formerly known as


- - 62,179 12.05% 74,675 14.48%
Advent Management Belgium SA)

Series B CCCPS of Rs. 10/- each with voting


rights

Sequoia Capital India Investments IV,


1,49,598 72.14% 1,49,598 72.14% 2,07,386 100.00%
Mauritius

General Atlantic Singapore TL Pte. Ltd,


30,689 14.80% 30,689 14.80% - 0.00%
Singapore

Internet Fund V Pte Ltd, Singapore 27,099 13.07% 27,099 13.07% - 0.00%

Series C CCCPS of Rs. 10/- each with voting


rights

MIH Ventures B.V., Netherlands 31,004 33.37% 31,004 33.37% - 0.00%

SCI Investments V, Mauritius 26,223 28.23% 26,223 28.23% 36,353 39.13%

General Atlantic Singapore TL Pte. Ltd,


19,527 21.02% 19,527 21.02% 14,147 15.23%
Singapore

CPP Investment Board Private Holdings (3)


11,400 12.27% 11,400 12.27% 11,400 12.27%
Inc., Canada

Internet Fund V Pte Ltd, Singapore 4,750 5.11% 4,750 5.11% - 0.00%

Naspers Ventures BV, Netherlands - - - - 1,004 33.37%

24
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Series C1 CCCPS of Rs. 10/- each with


voting rights

Sofina SA, Belgium 1,27,401 100.00% - - - -

Sofina Ventures S.A. (formerly known as


- - 1,27,401 100.00% 1,27,401 100.00%
Advent Management Belgium SA)

Series C2 CCCPS of Rs. 10/- each with


voting rights

Chan Zuckerberg Mauritius, Mauritius 54,017 70.04% 54,017 70.04% 54,017 70.04%

General Atlantic Singapore TL Pte. Ltd,


23,106 29.96% 23,106 29.96% 23,106 29.96%
Singapore

Series D CCCPS of Rs. 10/- each with voting


rights

Sofina SA, Belgium 57,960 30.15% - - - -

International Finance Corporation, USA 38,034 19.78% 45,758 23.80% 45,758 23.80%

SCHF PV Mauritius Ltd, Mauritius 34,905 18.16% 34,905 18.16% 48,389 25.17%

General Atlantic Singapore TL Pte. Ltd,


13,413 6.98% 13,413 6.98% - -
Singapore

Lightspeed Venture Partners Select


12,826 6.67% 12,826 6.67% 12,826 6.67%
Mauritius, Mauritius

MIH Ventures B.V., Netherlands 9,964 5.18% 9,964 5.18% - -

Sofina Ventures S.A. (formerly known as


- - 57,960 30.15% 57,960 30.15%
Advent Management Belgium SA)

Naspers Ventures BV, Netherlands - - - - 9,964 5.18%

Series E CCCPS of Rs. 10/- each with voting


rights

Verlinvest S. A., Belgium 52,098 31.32% 1,34,002 80.56% 1,34,002 80.56%

DST Asia VII, Mauritius 31,969 19.22% - - - -

DSTG VII Investments-2-IN Limited, Cayman


27,067 16.27% - - - -
Islands

Internet Fund V Pte Ltd, Singapore 17,268 10.38% - - - -

Sofina SA, Belgium 16,290 9.79% - - - -

Series E1 CCCPS of Rs. 10/- each with


voting rights

Proxima Beta Pte. Limited, Singapore 51,759 85.37% 51,759 85.37% 51,759 85.37%

Sofina SA, Belgium 6,366 10.50% - - - -

Sofina Ventures S.A. (formerly known as


- - 6,366 10.50% 6,366 10.50%
Advent Management Belgium SA)

Series E2 CCCPS of Rs. 10/- each with


voting rights

Proxima Beta Pte. Limited, Singapore 11,352 85.37% 11,352 85.37% 11,352 85.37%

Sofina SA, Belgium 1,396 10.50% - - - -

Sofina Ventures S.A. (formerly known as


- - 1,396 10.50% 1,396 10.50%
Advent Management Belgium SA)

Series F CCCPS of Rs. 10/- each with voting


rights

MIH Ventures B.V., Netherlands 1,59,352 20.51% 1,59,352 29.40% - -

25
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

CPP Investment Board Private Holdings (3)


1,13,823 14.65% 1,13,823 21.00% 1,13,823 27.73%
Inc., Canada

General Atlantic Singapore TL Pte. Ltd,


1,07,633 13.85% 92,403 17.05% 46,635 11.36%
Singapore

SLP Beta Holdings Cayman Ltd, Cayman


52,632 6.77% - - - -
Island

Internet Fund V Pte Ltd, Singapore 49,589 6.38% 34,326 6.33% - -

INQ Holding LLC, Qatar 31,763 4.09% 31,763 5.86% - -

Naspers Ventures BV, Netherlands - - - - 1,59,352 38.83%

Aggregate number of equity shares issued as bonus, shares issued for consideration other than cash and shares bought back during the period
of five years immediately preceding the reporting date:

Aggregate number of
Particulars
shares

As at As at As at As at As at
31 March, 2021 31 March, 2020 31 March, 2019 31 March, 2018 31 March, 2017

Equity shares with voting rights

Fully paid up pursuant to contracts


without payment being received in 2,19,978 2,19,978 2,19,978 2,11,696 2,11,696
cash*

Fully paid up by way of bonus shares 7,12,620 7,12,620 7,12,620 7,12,620 7,12,620

Shares bought back 46,487 46,487 46,487 46,487 46,487

*8,282 number of equity shares were issued on 5 September 2018, 4,666 number of equity shares were issued on 31 January 2017, 7,030
number of equity shares were issued on 27 January 2015 and 2,00,000 number of equity shares were issued on 30 November 2011 for
consideration other than cash.

Aggregate number of
Particulars
shares

As at As at As at As at As at
31 March, 2021 31 March, 2020 31 March, 2019 31 March, 2018 31 March, 2017

Series F CCCPS with voting rights

Fully paid up pursuant to contracts without


85,575 85,575 85,575 - -
payment being received in cash**

Fully paid up by way of bonus shares - - - - -

Shares bought back - - - - -

** 85,575 number of series F CCCPS shares on 27 February 2019 for consideration other than cash.

26
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400200] Statement of changes in equity

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Textual
Disclosure of notes on changes in equity [Text Block] Information (2)
Statement of changes in equity [Abstract]
Equity share capital [Abstract]
Increase (decrease) in share capital 0.23 0.13 0
Equity share capital at end of period 3.64 3.41 3.28

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Equity [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 -203.97
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 -80.04
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 -80.04
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -4,564.38 -305.50
Changes in comprehensive income components -24.37 73.81
Total comprehensive income -4,588.75 -231.69
Other changes in equity [Abstract]
Other additions to reserves 6,545.36 1,917.47
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 8.22 46.61
Total deductions to reserves 8.22 46.61
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 6,537.14 1,870.86
Total increase (decrease) in equity 1,948.39 1,639.17
Other equity at end of period 7,540.96 5,592.57 3,953.40

27
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Equity attributable to the equity holders of the parent [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 -203.97
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 -80.04
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 -80.04
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -4,183.37 -305.50
Changes in comprehensive income components -24.11 73.81
Total comprehensive income -4,207.48 -231.69
Other changes in equity [Abstract]
Other additions to reserves 6,456.64 1,917.47
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 8.22 46.61
Total deductions to reserves 8.22 46.61
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 6,448.42 1,870.86
Total increase (decrease) in equity 2,240.94 1,639.17
Other equity at end of period 7,833.51 5,592.57 3,953.40

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Share application money pending allotment [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0

28
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Correction of prior period errors 0 0


Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 1,139.17 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 1,139.17 0
Total increase (decrease) in equity 1,139.17 0
Other equity at end of period 1,139.17 0 0

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Reserves [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 -203.97
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 -80.04
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 -80.04
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -4,183.37 -305.50
Changes in comprehensive income components -24.11 73.81
Total comprehensive income -4,207.48 -231.69
Other changes in equity [Abstract]
Other additions to reserves 5,317.47 1,913.57
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0

29
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other deductions to reserves 8.22 46.61


Total deductions to reserves 8.22 46.61
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 5,309.25 1,866.96
Total increase (decrease) in equity 1,101.77 1,635.27
Other equity at end of period 6,689.14 5,587.37 3,952.10

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Capital reserves [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0

30
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Increase (decrease) through other contributions by owners, equity 0 0


Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period 0.69 0.69 0.69

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Securities premium reserve [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 5,098.17 1,912.75
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 6.22 40.13
Total deductions to reserves 6.22 40.13
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 5,091.95 1,872.62
Total increase (decrease) in equity 5,091.95 1,872.62
Other equity at end of period 11,203.50 6,111.55 4,238.93

31
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Capital redemption reserves [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity 0 0
Other equity at end of period 0.05 0.05 0.05

Statement of changes in equity [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Employee stock options outstanding [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]

32
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other additions to reserves 466.77 0.82


Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 2.00 0
Total deductions to reserves 2.00 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 464.77 0.82
Total increase (decrease) in equity 464.77 0.82
Other equity at end of period 467.34 2.57 1.75

Statement of changes in equity [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Foreign currency translation reserve [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components -20.70 76.32
Total comprehensive income -20.70 76.32
Other changes in equity [Abstract]
Other additions to reserves 0 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0

33
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Transfer to Retained earnings 0 0


Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 0 0
Total increase (decrease) in equity -20.70 76.32
Other equity at end of period 50.31 71.01 -5.31

Statement of changes in equity [Table] ..(10)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Retained earnings [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 -203.97
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 -80.04
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 -80.04
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -4,183.37 -305.50
Changes in comprehensive income components -3.41 -2.51
Total comprehensive income -4,186.78 -308.01
Other changes in equity [Abstract]
Other additions to reserves -247.47 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 6.48
Total deductions to reserves 0 6.48
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity -247.47 -6.48
Total increase (decrease) in equity -4,434.25 -314.49
Other equity at end of period -5,032.75 -598.50 -284.01

Statement of changes in equity [Table] ..(11)

Unless otherwise specified, all monetary values are in Crores of INR

34
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Components of equity [Axis] Other retained earning [Member]


Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 -203.97
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 -80.04
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 -80.04
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -4,183.37 -305.50
Changes in comprehensive income components -3.41 -2.51
Total comprehensive income -4,186.78 -308.01
Other changes in equity [Abstract]
Other additions to reserves -247.47 0
Deductions to reserves [Abstract]
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 6.48
Total deductions to reserves 0 6.48
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity -247.47 -6.48
Total increase (decrease) in equity -4,434.25 -314.49
Other equity at end of period -5,032.75 -598.50 -284.01

Statement of changes in equity [Table] ..(12)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Money received against share warrants [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Changes in comprehensive income components 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves 0 3.90
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0

35
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Securities premium adjusted writing off preliminary expenses 0 0


Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]
Dividend appropriation [Abstract]
Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 0 3.90
Total increase (decrease) in equity 0 3.90
Other equity at end of period 5.20 5.20 1.30

Statement of changes in equity [Table] ..(13)

Unless otherwise specified, all monetary values are in Crores of INR


Components of equity [Axis] Non-controlling interests [Member]
Period FY 2021 FY 2020 FY 2019
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Balance at beginning of period (if restatement is applicable) 0 0
Adjustments to equity for restatement [Abstract]
Effect of changes in accounting policy 0 0
Correction of prior period errors 0 0
Adjustments to equity for restatement 0 0
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -381.01 0
Changes in comprehensive income components -0.26 0
Total comprehensive income -381.27 0
Other changes in equity [Abstract]
Other additions to reserves 88.72 0
Deductions to reserves [Abstract]
Securities premium adjusted bonus shares 0 0
Securities premium adjusted writing off preliminary expenses 0 0
Securities premium adjusted writing off discount expenses issue shares
debentures 0 0
Securities premium adjusted premium payable redemption preference shares
debentures 0 0
Securities premium adjusted purchase own shares other securities under
section 68 0 0
Other utilisation of securities premium if permitted 0 0
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Appropriations for dividend, dividend tax and general reserve [Abstract]

36
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Dividend appropriation [Abstract]


Interim dividend appropriation [Abstract]
Interim equity dividend appropriation 0 0
Interim special dividend appropriation 0 0
Total interim dividend appropriation 0 0
Final dividend appropriation [Abstract]
Final equity dividend appropriation 0 0
Final special dividend appropriation 0 0
Total final dividend appropriation 0 0
Total dividend appropriation 0 0
Equity dividend tax appropriation 0 0
Other appropriations 0 0
Transfer to Retained earnings 0 0
Total appropriations for dividend, dividend tax and retained earnings 0 0
Appropriation towards bonus shares 0 0
Increase (decrease) through other contributions by owners, equity 0 0
Increase (decrease) through other distributions to owners, equity 0 0
Increase (decrease) through other changes, equity 0 0
Increase (decrease) through changes in ownership interests in subsidiaries that
do not result in loss of control, equity 0 0
Other changes in equity, others 0 0
Total other changes in equity 88.72 0
Total increase (decrease) in equity -292.55 0
Other equity at end of period -292.55 0 0

Textual information (2): Disclosure of notes on changes in equity [Text Block]

Equity share capital


(Rs. Crores)

Particulars Amount

Balance as at 31 March 2019 1.41

Profit/(loss) after tax -

Balance as at 31 March 2020 1.41

Changes in equity share capital during the year: -

Shares issued on exercise of stock options 0.00

Balance as at 31 March 2021 1.41

Instruments entirely equity in nature


Compulsorily convertible cumulative preference share capital
(Rs. Crores)

Particulars Amount

Balance as at 31 March 2019 1.86

Changes during the year:

Issue of compulsorily convertible cumulative preference shares (CCCPS) 0.14

Balance as at 31 March 2020 2.00

Changes during the year: -

Issue of compulsorily convertible cumulative preference shares (CCCPS) 0.24

Balance as at 31 March 2021 2.24

Other equity
(Rs. Crores)

Share A Money
pplicatio received Foreign Total Equity
Non- C
n Reserves against currency attributable to
ontrollin
Particulars Money and Share translatio equity holders Total Equity
g
Pending surplus warrants n of the
interest
Allotme (Refer reserve company
nt note 45)

37
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Stock
Capital
Capita Options
Share redem Retained
l Rese Outstan
premium ption earnings
rve ding
reserve
Account

Balance at 1 April 2019 (as


- 4,238.93 0.69 0.05 (203.97) 1.75 1.30 (5.31) 4033.44 - 4033.44
previously reported)

Impact on account of
retrospective adjustments - - - - (80.04) - - - (80.04) - (80.04)
(Refer note 1(b))

Adjusted balance as at 1 April


- 4,238.93 0.69 0.05 (284.01) 1.75 1.30 (5.31) 3,953.40 - 3,953.40
2019*

Loss for the year - - - (305.50) - - (305.50) - (305.50)

Other comprehensive income


- - - (2.51) - - 76.32 73.81 - 73.81
/ (loss) (refer note 31)

Total comprehensive income /


- - - (308.01) - - 76.32 (231.69) - (231.69)
(loss) for the year

Premium on issue of CCCPS - 1,912.75 - - - - 1,912.75 - 1,912.75

Impact on account of adoption


- - - (6.48) - - (6.48) (6.48)
of Ind AS 116 (refer note 39)

Expenses in connection with


- (40.13) - - - - (40.13) - (40.13)
issue of shares

Compensation cost related to


employee share based - - - - 0.82 - 0.82 - 0.82
payments

Money received against share


- - - - - 3.90 3.90 - 3.90
warrants

Balance at 31 March 2020* - 6,111.55 0.69 0.05 (598.50) 2.57 5.20 71.01 5,592.57 - 5,592.57

Balance at 1 April 2020 - 6,111.55 0.69 0.05 (598.50) 2.57 5.20 71.01 5,592.57 - 5,592.57

(381.01
Loss for the year - - - (4183.37) - - - (4183.37) (4564.38)
)

Other comprehensive income


- - - (3.41) - - (20.70) (24.11) (0.26) (24.37)
/ (loss) (refer note 31)

Total comprehensive income / (381.27


- - - (4186.78) - - (20.70) (4207.48) (4588.75)
(loss) for the year )

Share application money 1,139.1


- - - - - - - 1,139.17 - 1,139.17
pending allotment 7

Pursuant to acquisition (Refer


- - - - - - - - - 88.72 88.72
note 40)

Premium on issue of CCCPS - 5,096.17 - - - - - - 5,096.17 - 5096.17

Transferred to securities
premium on allotment against - 2.00 - - - (2.00) - - - - -
stock options (refer note 37)

Expenses in connection with


- (6.22) - - - - (6.22) - (6.22)
issue of shares

Financial liability under option


- - - - (247.47) - - - (247.47) - (247.47)
arrangement (Refer note 22)

Compensation cost related to


employee share based - - - - 466.77 - 466.77 - 466.77
payments

1,139.1 (292.55
Balance at 31 March 2021 11,203.50 0.69 0.05 (5,032.75) 467.34 5.20 50.31 7,833.51 7,540.96
7 )

See accompanying notes to the Consolidated Financial Statements

38
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

*Refer note 1(b) In terms of our report attached


15. Other equity
(Rs. Crores)

As at As at As at
Particulars
31 March 2021 31 March 2020 01 April 2019

Capital Redemption Reserve

During the year ended 31 March, 2013, the Company had made a buy back of
46,487 equity shares of Rs.10/- each at a premium of Rs. 850.46/- per equity
share utilising the Securities Premium Account. As required under Section 69 of
the Companies Act 2013, the Company has transferred an equivalent amount 0.05 0.05 0.05
covered under the nominal value of shares so redeemed to the Capital
Redemption Reserve Account by way of transfer of the amount from the
Securities Premium Account.

Capital reserve 0.69 0.69 0.69

Capital reserve was created at the time of acquisition of business of TutorVista


and Edurite from Pearson India Education Services Private Limited

Securities Premium Account

Amounts received (on issue of shares) in excess of the par value has been
classified as securities premium.

Opening balance 6,111.55 4,238.93

Premium on issue of CCCPS 5,096.17 1,912.75

Expenses in connection with issue of shares (6.23) (40.13)

Transferred to securities premium on allotment against stock options 2.00 -

Closing balance 11,203.49 6,111.55 4,238.93

Stock Options Outstanding account

The share option outstanding account is used to record the value of


equity-settled share based payment transactions with employees. The amounts
recorded in this account are transferred to share premium upon exercise of stock
options by employees. In case of forfeiture, corresponding balance is transferred
to general reserve.

Opening balance 2.57 1.75

Stock option issued 466.77 0.82

Transferred to securities premium on allotment against stock options (2.00) -

Closing balance 467.34 2.57 1.75

Retained earnings

Retained earnings comprise of the Company’s prior years’ undistributed


earnings after taxes.

Opening balance (598.50) (284.01)

Loss for the year (4183.37) (305.50)

Other comprehensive loss (3.41) (2.51)

Impact on account of adoption of Ind AS 116 - (6.48)

Financial liability under option arrangement (Refer note 22) (247.47) -

Closing balance (5,032.75) (598.50) (284.01)*

Share warrants

Opening balance 5.20 1.30 -

Money received against share warrants - 3.90 -

Closing balance 5.20 5.20 1.30

39
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Share Application Money Pending Allotment

Opening balance - -

Money received against share application 1,139.17 -

Closing Balance 50.31 71.01 (5.31)

Total 7,833.51 5,592.57 3,953.40

* Refer note 1 (b)


15(a) Non Controlling Interest

As at As at As at
Particulars
31 March 2021 31 March 2020 31 March 2019

Opening Balance - - -

Pursuant to acquisition (Refer note 40) 88.72 - -

Loss for the year (381.01) - -

Other comprehensive loss for the year (0.26) - -

Closing Balance (292.55) - -

40
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400300] Notes - Borrowings

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure of notes on borrowings explanatory [Text Block] Information (3)

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,351.81 0 5.67
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
As mutually As mutually
Terms of repayment of term loans and other loans agreed agreed
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Term loans [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 1,151.81 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
As mutually As mutually
Terms of repayment of term loans and other loans agreed agreed
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Term loans from banks [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 422.69 0 5.67
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
As mutually As mutually
Terms of repayment of term loans and other loans agreed agreed
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR

41
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classification based on current non-current [Axis] Current [Member]


Classification of borrowings [Axis] Rupee term loans from banks [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 422.69 0 5.67
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
Terms of repayment of term loans and other loans Not applicable Not applicable Not applicable
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Term loans from others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 729.12 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
As mutually As mutually
Terms of repayment of term loans and other loans agreed agreed
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Rupee term loans from others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 729.12 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
Terms of repayment of term loans and other loans Not applicable Not applicable Not applicable
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Classification of borrowings [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Other loans and advances [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 200.00 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
As mutually As mutually
Terms of repayment of term loans and other loans agreed agreed
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

42
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classification of borrowings [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Other loans and advances, others [Member]
Subclassification of borrowings [Axis] Unsecured borrowings [Member]
Period FY 2021 FY 2020 FY 2019
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 200.00 0 0
Details on loans guaranteed [Abstract]
Aggregate amount of loans guaranteed by directors 0 0 0
Aggregate amount of loans guaranteed by others 0 0 0
Terms of repayment of term loans and other loans Not applicable Not applicable Not applicable
Details on defaults on borrowings [Abstract]
Outstanding amount of continuing default principal 0 0 0
Outstanding amount of continuing default interest 0 0 0

Textual information (3): Disclosure of notes on borrowings explanatory [Text Block]

16. Borrowings
Non-current borrowings
(Rs. Crores)

As at As at As at
Particulars
31 March 2021 31 March 2020 31 March 2019

Term Loans

From other parties (refer note below)

Secured, at amortised cost:

Long term maturities of finance lease obligations - - 3.06

- - 3.06

Less: Current maturities of long-term borrowings included under note


- - (2.22)
22

Total - - 0.84

20. Short Term Borrowings


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Unsecured, at amortised cost

Term Loan (refer note 24(i) and note below)

- from banks 422.69 - 5.67

- from others 729.12 - -

Other term loans 200.00 - -

Total 1,351.81 - 5.67

*Note: Others includes ( Kotak Mahindra Bank limited (Rs. 94 Crores), IndusInd Bank Limited (Rs. 113.21 Crores, IIFL Finance Limited (Rs.
440.77 Crores, Aditya Birla Finance Limited (Rs. 139.85 Crores, Hero Motor corp Limited (Rs. 148.50 Crores and SBM Bank India Limited (Rs.
69.57 Crores)

Lender Interest rate Repayment schedule Purpose

Fixed monthly repayments as stipulated in the


Hero Motor corp Limited 4.00% General corporate purpose
respective agreements

Fixed monthly repayments as stipulated in the


IIFL Finance Limited 5.00% General corporate purpose
respective agreements

Fixed monthly repayments as stipulated in the


Aditya Birla Finance Limited 4.00% General corporate purpose
respective agreements

Fixed monthly repayments as stipulated in the


SBM Bank India Limited 4.00% General corporate purpose
respective agreements

43
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Fixed monthly repayments as stipulated in the


Kotak Mahindra Bank limited 4.00% General corporate purpose
respective agreements

Fixed monthly repayments as stipulated in the


IndusInd Bank Limited 6.00% General corporate purpose
respective agreements

IIFL Wealth Finance Limited 10.25% 12 months from the date of borrowing General corporate purpose

Citibank N.A LIBOR+2% On demand General corporate purpose

44
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400500] Notes - Current investments

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Textual
Disclosure of notes on current investments explanatory [Text Block] Information (4)
Current investments [Abstract]
Aggregate amount of quoted current investments 0 0 0
Market value of quoted current investments 0 0 0
Aggregate amount of unquoted current investments 1,341.75 1,887.74 1,717.34
Aggregate provision for diminution in value of current investments 0 0 0

Details of current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classification of current investments [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in
Type of current investments mutual funds mutual funds mutual funds
Current Current Current
Class of current investments investments investments investments
Nature of current investments Unquoted Unquoted Unquoted
Current investments 967.81 1,337.83 1,013.28
Basis of valuation of current investments FVTPL FVTPL FVTPL
As detailed in As detailed in As detailed in
Name of body corporate in whom investment has been made Notes Notes Notes

Details of current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification of current investments [Axis] Column 2
Period FY 2021 FY 2020 FY 2019
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in
debentures or debentures or debentures or
Type of current investments bonds bonds bonds
Current Current Current
Class of current investments investments investments investments
Nature of current investments Unquoted Unquoted Unquoted
Current investments 373.94 549.91 704.06
Basis of valuation of current investments FVTPL FVTPL FVTPL
As detailed in As detailed in As detailed in
Name of body corporate in whom investment has been made Notes Notes Notes

Textual information (4): Disclosure of notes on current investments explanatory [Text Block]

11. Investments
(a) Current investments
(Rs. Crores)

As at 31 March, As at 31 March, As at 1 April


Particulars
2021 2020 2019

Number of units Amount Number of units Amount Number of units Amount

(A) Unquoted investments (fully paid)

Investments in mutual funds at FVTPL

Aditya Birla SL Corporate Bond Direct –


47,64,936 41.32 2,45,73,304 264.95 1,42,13,146 102.57
Growth*

ICICI Prudential Banking and PSU Debt


6,79,31,001 174.01 6,87,64,027 162.58 4,75,69,892 102.58
Fund - Direct Plan – Growth*

IDFC Banking & PSU Debt Direct – Growth* 3,37,59,858 65.97 6,75,19,716 121.29 - -

ICICI Pru Corporate bond direct – Growth* 6,27,80,145 147.58 6,27,80,145 135.04 - -

45
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

ICICI Prudential Money Market fund 52,93,479 156.31 - - 29,87,099 77.71

Aditya Birla SL Money manager fund* 80,51,196 231.21 - - - -

DSPBR Liquidity fund* 86,535 25.45 - - - -

IDFC Corporate bond direct – Growth* 8,25,03,581 125.96 - - 15,92,72,905 204.83

IDFC Money Manager Direct Growth - - - - 1,16,97,783 35.01

Kotak Liquid Direct Plan Growth - - - - 3,16,402 119.74

Reliance Liquid Fund Direct Growth Plan 95,550 27.13

Aditya Birla Sun Life Liquid Fund - Direct


- - - - 53,19,554 159.82
Plan - Growth

HDFC Liquid Fund - - - - 4,99,941 183.89

HDFC Corporate Bond Direct Growth Fund - - 6,55,32,583 151.27 - -

HDFC Liquid Fund Direct - - 4,156 1.62 - -

L&T Banking and PSU Debt Fund - Direct


- - 4,11,97,038 76.49 - -
Plan

Reliance Banking and PSU Debt Fund -


- - 3,48,96,949 52.64 - -
Direct Plan - Growth

Nippon floating rate direct - - 6,53,80,646 214.98 - -

DSP corporate bond fund - Direct Growth - - 2,13,97,100 25.32 - -

DSPBR banking & PSU debt corporate bond


- - 3,14,49,516 55.71 - -
fund Direct Growth

Tata short term bond Direct Growth - - 67,76,225 25.34 - -

Axis short term Direct Growth - - 1,08,04,565 25.26 - -

UTI corporate bond fund Direct Growth - - 2,14,40,873 25.34 - -

Total aggregate book value 967.81 1,337.83 1,013.28

* Includes amount of Rs. 365 Crores given on lien favouring Citi Bank NA against the credit facility availed.
*Includes amount of Rs. 101.42 Crores given on lien favouring The Board of Cricket Council of India
(B) Unquoted investments (all fully paid)
Investments in bonds at FVTPL (Rs. Crores)

As at 31 As at 31
Particulars As at 1 April 2019
March, 2021 March, 2020

Number of Number of
Amount Amount Number of units Amount
units units

IIFL Wealth Finance Ltd EC950-020822 22,600 271.03 - - - -

IIFLWF-EC700-MLD-2022 10,000 102.91 - - - -

HDB Financial Services Ltd NCD - - 250 31.17 250 28.61

0.00% M&M Finance SR-BH 2017 NCD - - - - 250.00 24.02

7.69% Housing Development Finance


- - - - 25.00 24.92
Corporation Ltd NCD

8.70% Aditya Birla Finance Ltd NCD - - - - 250.00 25.04

9.066% Tata Capital Financial Services Ltd


- - - - 250.00 25.04
NCD

9.24% LIC Housing Finance Ltd NCD - - - - 250.00 25.09

9.45% LIC Housing Finance Ltd NCD - - - - 250.00 25.10

Bajaj Finance Ltd NCD - - - - 250.00 24.98

0.00% Tata Capital Finance - - 750 75.00 - -

IIFL Wealth Finance Ltd - - 5,000 53.26 - -

IIFL Wealth Finance Ltd - - 21,594 264.48 - -

8.80% LIC HOUSING FINANCE LIMITED SR - - 750 76.00 - -

46
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

IIFL Wealth Finance Ltd CP - - - - 4,000.00 186.51

Kotak Mahindra Prime Ltd NCD - - - - 250.00 24.92

Mahindra & Mahindra Financial Services Ltd


- - - - 250.00 25.05
9.05 NCD

Sundaram Finance Ltd NCD - - - - 250.00 24.94

Tata Capital Financial Services Ltd NCD - - - - 500.00 49.81

8.59% Housing Dev Finance Corporation Ltd


- - - - 65.00 65.12
NCD

Kotak Mahindra Prime Ltd NCD - - - - 500.00 49.96

Mahindra & Mahindra Financial Services Ltd


- - - - 250.00 24.95
NCD

Investments in non convertible debentures

CitiCorp Finance (India) Limited - - 5,000 50.00 5,000 50.00

Total aggregate unquoted investments 373.94 549.91 704.06

Total 1,341.75 1,887.74 1717.34

47
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400600] Notes - Property, plant and equipment

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure of property, plant and equipment [Text Block] Information (5)

Disclosure of detailed information about property, plant and equipment [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 75.14 44.96
Acquisitions through business combinations, property, plant and equipment 0.24 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -35.67 -24.35
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -35.67 -24.35
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 2.50
Increase (decrease) through other changes, property, plant and equipment 0 -6.82
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -4.32
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.07 0.14
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0.07 0.14
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 39.63 16.15
Property, plant and equipment at end of period 104.58 64.95 48.80

Disclosure of detailed information about property, plant and equipment [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 75.14 44.96
Acquisitions through business combinations, property, plant and equipment 0.24 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0

48
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Increase (decrease) through other changes, property, plant and equipment 0 -5.58
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -5.58
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.62 1.28
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.62 1.28
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 73.75 38.10
Property, plant and equipment at end of period 180.12 106.37 68.27

Disclosure of detailed information about property, plant and equipment [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 35.67 24.35
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 35.67 24.35
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 -2.50
Increase (decrease) through other changes, property, plant and equipment 0 1.24
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -1.26
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.55 1.14
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.55 1.14
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 34.12 21.95
Property, plant and equipment at end of period 75.54 41.42 19.47

Disclosure of detailed information about property, plant and equipment [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 75.14 44.96
Acquisitions through business combinations, property, plant and equipment 0.24 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -35.67 -24.35
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -35.67 -24.35
Impairment loss recognised in profit or loss, property, plant and equipment 0 0

49
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Reversal of impairment loss recognised in profit or loss, property, plant and


equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 2.50
Increase (decrease) through other changes, property, plant and equipment 0 -6.82
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -4.32
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.07 0.14
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0.07 0.14
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 39.63 16.15
Property, plant and equipment at end of period 104.58 64.95 48.80

Disclosure of detailed information about property, plant and equipment [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 75.14 44.96
Acquisitions through business combinations, property, plant and equipment 0.24 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 -5.58
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -5.58
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.62 1.28
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.62 1.28
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 73.75 38.10
Property, plant and equipment at end of period 180.12 106.37 68.27

Disclosure of detailed information about property, plant and equipment [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 35.67 24.35
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 35.67 24.35
Impairment loss recognised in profit or loss, property, plant and equipment 0 0

50
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Reversal of impairment loss recognised in profit or loss, property, plant and


equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 -2.50
Increase (decrease) through other changes, property, plant and equipment 0 1.24
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -1.26
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.55 1.14
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.55 1.14
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 34.12 21.95
Property, plant and equipment at end of period 75.54 41.42 19.47

Disclosure of detailed information about property, plant and equipment [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 14.95 0
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -1.00 0
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -1.00 0
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 13.95 0
Property, plant and equipment at end of period 13.95 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR

51
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 14.95 0
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 14.95 0
Property, plant and equipment at end of period 14.95 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 1.00 0
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 1.00 0
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 1.00 0
Property, plant and equipment at end of period 1.00 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(10)

Unless otherwise specified, all monetary values are in Crores of INR

52
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 14.95 0
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -1.00 0
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -1.00 0
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 13.95 0
Property, plant and equipment at end of period 13.95 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(11)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 14.95 0
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 14.95 0

53
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Property, plant and equipment at end of period 14.95 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(12)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 1.00 0
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 1.00 0
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 1.00 0
Property, plant and equipment at end of period 1.00 0 0

Disclosure of detailed information about property, plant and equipment [Table] ..(13)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 0.02 0.45
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -0.12 -0.33
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -0.12 -0.33
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0

54
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Increase (decrease) through other changes, property, plant and equipment 0 -0.05
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -0.05
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment -0.10 0.07
Property, plant and equipment at end of period 1.29 1.39 1.32

Disclosure of detailed information about property, plant and equipment [Table] ..(14)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 0.02 0.45
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0.09
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0.09
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 0.02 0.36
Property, plant and equipment at end of period 1.87 1.85 1.49

Disclosure of detailed information about property, plant and equipment [Table] ..(15)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 0.12 0.33
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 0.12 0.33
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0.05

55
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0.05
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0.09
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0.09
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 0.12 0.29
Property, plant and equipment at end of period 0.58 0.46 0.17

Disclosure of detailed information about property, plant and equipment [Table] ..(16)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 34.39 9.04
Acquisitions through business combinations, property, plant and equipment 0.14 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -5.69 -4.57
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -5.69 -4.57
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 -0.61
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -0.61
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 28.84 3.86
Property, plant and equipment at end of period 41.33 12.49 8.63

Disclosure of detailed information about property, plant and equipment [Table] ..(17)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 34.39 9.04
Acquisitions through business combinations, property, plant and equipment 0.14 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0

56
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Revaluation increase (decrease), property, plant and equipment 0 0


Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.34 0.38
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.34 0.38
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 33.19 8.66
Property, plant and equipment at end of period 53.24 20.05 11.39

Disclosure of detailed information about property, plant and equipment [Table] ..(18)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 5.69 4.57
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 5.69 4.57
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0.61
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0.61
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 1.34 0.38
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 1.34 0.38
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 4.35 4.80
Property, plant and equipment at end of period 11.91 7.56 2.76

Disclosure of detailed information about property, plant and equipment [Table] ..(19)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 21.48 34.49
Acquisitions through business combinations, property, plant and equipment 0.10 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Depreciation, property, plant and equipment [Abstract]

57
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Depreciation recognised in profit or loss -26.23 -17.42


Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -26.23 -17.42
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 2.50
Increase (decrease) through other changes, property, plant and equipment 0 -5.78
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -3.28
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.07 0.14
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0.07 0.14
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment -4.72 13.65
Property, plant and equipment at end of period 42.18 46.90 33.25

Disclosure of detailed information about property, plant and equipment [Table] ..(20)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 21.48 34.49
Acquisitions through business combinations, property, plant and equipment 0.10 0
Increase (decrease) through net exchange differences, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 -5.58
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -5.58
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.28 0.81
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0.28 0.81
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 21.30 28.10
Property, plant and equipment at end of period 96.43 75.13 47.03

Disclosure of detailed information about property, plant and equipment [Table] ..(21)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]

58
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Depreciation recognised in profit or loss 26.23 17.42


Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 26.23 17.42
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 -2.50
Increase (decrease) through other changes, property, plant and equipment 0 0.20
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -2.30
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0.21 0.67
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0.21 0.67
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 26.02 14.45
Property, plant and equipment at end of period 54.25 28.23 13.78

Disclosure of detailed information about property, plant and equipment [Table] ..(22)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 4.30 0.98
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss -2.63 -2.03
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment -2.63 -2.03
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Revaluation increase (decrease), property, plant and equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 -0.38
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 -0.38
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 1.66 -1.43
Property, plant and equipment at end of period 5.83 4.17 5.60

Disclosure of detailed information about property, plant and equipment [Table] ..(23)

59
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Additions other than through business combinations, property, plant and
equipment 4.30 0.98
Acquisitions through business combinations, property, plant and equipment 0 0
Increase (decrease) through net exchange differences, property, plant and
equipment -0.01 0
Revaluation increase (decrease), property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 4.29 0.98
Property, plant and equipment at end of period 13.63 9.34 8.36

Disclosure of detailed information about property, plant and equipment [Table] ..(24)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying amount [Axis] Accumulated depreciation and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Changes in property, plant and equipment [Abstract]
Depreciation, property, plant and equipment [Abstract]
Depreciation recognised in profit or loss 2.63 2.03
Depreciation recognised as part of cost of other assets 0 0
Total Depreciation property plant and equipment 2.63 2.03
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and
equipment 0 0
Impairment loss recognised in other comprehensive income, property, plant and
equipment 0 0
Reversal of impairment loss recognised in other comprehensive income,
property, plant and equipment 0 0
Increase (decrease) through transfers and other changes, property, plant and
equipment [Abstract]
Increase (decrease) through transfers, property, plant and equipment 0 0
Increase (decrease) through other changes, property, plant and equipment 0 0.38
Total increase (decrease) through transfers and other changes, property, plant
and equipment 0 0.38
Disposals and retirements, property, plant and equipment [Abstract]
Disposals, property, plant and equipment 0 0
Retirements, property, plant and equipment 0 0
Total disposals and retirements, property, plant and equipment 0 0
Decrease through classified as held for sale, property, plant and equipment 0 0
Decrease through loss of control of subsidiary, property, plant and equipment 0 0
Total increase (decrease) in property, plant and equipment 2.63 2.41
Property, plant and equipment at end of period 7.80 5.17 2.76

Disclosure of additional information about property plant and equipment [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR

60
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of property, plant and equipment [Axis] Furniture and fixtures [Member] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of additional information about property plant and
equipment [Abstract]
Disclosure of additional information about property plant and
equipment [Line items]
Straight Line Straight Line Straight Line Straight Line
Depreciation method, property, plant and equipment Basis Basis Basis Basis
Useful lives or depreciation rates, property, plant and
equipment 10 years 10 years 3-5 years 3-5 years
Whether property, plant and equipment are stated at revalued
amount No No No No

Disclosure of additional information about property plant and equipment [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of property, plant and equipment [Axis] Computer equipments [Member] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of additional information about property plant and
equipment [Abstract]
Disclosure of additional information about property plant and
equipment [Line items]
Straight Line Straight Line Straight Line Straight Line
Depreciation method, property, plant and equipment Basis Basis Basis Basis
Useful lives or depreciation rates, property, plant and Primary period of Primary period of
equipment 3 years 3 years the lease the lease
Whether property, plant and equipment are stated at revalued
amount No No No No

Disclosure of additional information about property plant and equipment [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Other property, plant and equipment
Classes of property, plant and equipment [Axis] [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Period FY 2021 FY 2020
Disclosure of additional information about property plant and equipment [Abstract]
Disclosure of additional information about property plant and equipment [Line items]
Straight Line Straight Line
Depreciation method, property, plant and equipment Basis Basis
Useful lives or depreciation rates, property, plant and equipment 3-5 years 3-5 years
Whether property, plant and equipment are stated at revalued amount No No

Textual information (5): Disclosure of property, plant and equipment [Text Block]

3. Property, plant and equipment


(Rs. Crores)

Leasehold Machinery
Furniture and
Particulars improvement Computers (Refer note ii Office equipment Total
fixtures
Ents below)

Gross carrying value

At 01 April 2019 8.36 47.03 1.49 - 11.39 68.27

Impact on adoption of IndAs 116 - (5.58) - - - (5.58)

At 01 April 2019 8.36 41.45 1.49 - 11.39 62.69

Additions 0.98 34.49 0.45 - 9.04 44.96

Disposals / Adjustments - 0.81 0.09 - 0.38 1.28

At 31 March 2020 9.34 75.13 1.85 - 20.05 106.37

At 01 April 2020 9.34 75.13 1.85 - 20.05 106.37

Additions 4.30 21.38 0.02 14.95 34.39 75.14

Additions through Business


- 0.10 - - 0.14 0.24
combination

61
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disposals / Adjustments - 0.28 - - 1.34 1.62

Translation differences (0.01) - - - - (0.01)

At 31 March 2021 13.63 96.43 1.87 14.95 53.24 180.12

Accumulated depreciation

At 01 April 2019 2.76 13.78 0.17 - 2.76 19.47

Impact on adoption of IndAs 116 - (2.50) - - - (2.50)

At 01 April 2019 2.76 11.28 0.17 - 2.76 19.47

Depreciation for the year 2.03 17.42 0.33 - 4.57 24.35

Disposals / Adjustments - 0.67 0.09 - 0.38 1.14

Translation differences 0.38 0.20 0.05 - 0.61 1.24

At 31 March 2020 5.17 28.23 0.46 - 7.56 41.42

At 01 April 2020 5.17 28.23 0.46 - 7.56 41.42

Depreciation for the year 2.63 26.23 0.12 1.00 5.69 35.67

Disposals / Adjustments - 0.21 - - 1.34 1.55

At 31 March 2021 7.80 54.25 0.58 1.00 11.91 75.54

Net Carrying amount

At 1 April 2019 5.60 33.25 1.32 - 8.63 48.80

Impact on adoption of IndAs 116 - (3.08) - - - (3.08)

At 1 April 2019 5.60 33.25 1.32 - 8.63 48.80

At 31 March 2020 4.17 46.90 1.39 - 12.49 64.95

At 31 March 2021 5.83 42.18 1.29 13.95 41.33 104.58

Notes:
(i) All assets are owned by the Company, unless stated as taken on lease
(ii) Assets lying with third party

62
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

63
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400800] Notes - Goodwill

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure of goodwill [Text Block] Information (6)

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Changes in goodwill [Abstract]
Acquisitions through business combinations, goodwill 1,106.28 0 0
Increase (decrease) through net exchange differences, goodwill -14.99 36.82 0
Impairment loss recognised in profit or loss, goodwill 0 0 0
Increase (decrease) through transfers and other changes, Goodwill [Abstract]
Increase (decrease) through transfers, goodwill 0 0 0
Increase (decrease) through other changes, goodwill 0 0 0
Total increase (decrease) through transfers and other changes, goodwill 0 0 0
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0 0
Retirements, goodwill 0 0 0
Total disposals and retirements, goodwill 0 0 0
Decrease through classified as held for sale, goodwill 0 0 0
Decrease through loss of control of subsidiary, goodwill 0 0 0
Subsequent recognition of deferred tax assets, goodwill 0 0 0
Total increase (decrease) in goodwill 1,091.29 36.82 0
Goodwill at end of period 1,708.53 617.24 580.42

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Changes in goodwill [Abstract]
Acquisitions through business combinations, goodwill 1,106.28 0 0
Increase (decrease) through net exchange differences, goodwill -14.99 36.82 0
Increase (decrease) through transfers and other changes, Goodwill [Abstract]
Increase (decrease) through transfers, goodwill 0 0 0
Increase (decrease) through other changes, goodwill 0 0 0
Total increase (decrease) through transfers and other changes, goodwill 0 0 0
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0 0
Retirements, goodwill 0 0 0
Total disposals and retirements, goodwill 0 0 0
Decrease through classified as held for sale, goodwill 0 0 0
Decrease through loss of control of subsidiary, goodwill 0 0 0
Subsequent recognition of deferred tax assets, goodwill 0 0 0
Total increase (decrease) in goodwill 1,091.29 36.82 0
Goodwill at end of period 1,708.53 617.24 580.42

Disclosure of reconciliation of changes in goodwill [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Changes in goodwill [Abstract]
Impairment loss recognised in profit or loss, goodwill 0 0 0
Increase (decrease) through transfers and other changes, Goodwill [Abstract]

64
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Increase (decrease) through transfers, goodwill 0 0 0


Increase (decrease) through other changes, goodwill 0 0 0
Total increase (decrease) through transfers and other changes, goodwill 0 0 0
Disposals and retirements, Goodwill [Abstract]
Disposals, goodwill 0 0 0
Retirements, goodwill 0 0 0
Total disposals and retirements, goodwill 0 0 0
Decrease through classified as held for sale, goodwill 0 0 0
Decrease through loss of control of subsidiary, goodwill 0 0 0
Subsequent recognition of deferred tax assets, goodwill 0 0 0
Total increase (decrease) in goodwill 0 0 0
Goodwill at end of period 0 0 0

Textual information (6): Disclosure of goodwill [Text Block]

5. Goodwill
Goodwill on business acquisition is as follows: (refer note 40)

Particulars March 31, 2021 March 31, 2020 April 1, 2019

Opening balance 617.24 580.42 10.21

Additions - - 6.62

Business combinations occurred during the year (Refer note


1106.28 - 563.59
40-42)

Effect of foreign currency exchange differences (14.99) 37.06 -

Less: Goodwill on consolidation written off (refer note 30) - (0.24) -

Disposals / Adjustments - - -

Total 1078.53 617.24 580.42

As at 31 March 2021, the goodwill pertaining to Whitehat Jr of Rs. 1,076.09 crores and Tangible Play of Rs. 585.66 crores aggregate to Rs.
1,661.75 crores. These are tested for impairment at the respective Cash Generating Unit (CGU) level. The value-in-use for the respective Cash
Generating Units (CGU) is determined based on discounted future cash flows. The key assumptions used for the calculations are as follows:

Particulars Tangible Play Whitehat Jr

Long-term growth rate 3% 4%

Compounded annual growth rate of 41% over a Compounded annual growth rate of 54% over a
Revenue growth rate
forecast period of 7 years. forecast period of 10 years.

Discount Rate 18% 35%

As at 31 March 2021, the estimated recoverable amount of the CGU exceeded its carrying amount. Reasonable sensitivities in key assumptions
is unlikely to cause the carrying amount to exceed the recoverable amount of the cash generating units.

65
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[400900] Notes - Other intangible assets

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of other intangible assets [Text Block] Information (7)
Whether there are intangible assets with indefinite useful life No No

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible
Sub classes of other intangible assets [Axis] assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 921.05 316.72
Acquisitions through business combinations 763.64 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -303.33 -167.54
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.11
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.11
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.50 4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.50 4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 1,381.86 144.93
Other intangible assets at end of period 2,094.55 712.69 567.76

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible
Sub classes of other intangible assets [Axis] assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 921.05 316.72
Acquisitions through business combinations 763.64 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0

66
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disposals and retirements, other intangible assets [Abstract]


Disposals -0.49 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.49 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 1,685.18 316.72
Other intangible assets at end of period 2,657.92 972.74 656.02

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible
Sub classes of other intangible assets [Axis] assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 303.33 167.54
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.11
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.11
Disposals and retirements, other intangible assets [Abstract]
Disposals 0.01 -4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0.01 -4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 303.32 171.79
Other intangible assets at end of period 563.37 260.05 88.26

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -153.00 -79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.05
Increase (decrease) through other changes 0 0

67
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 767.37 213.05
Other intangible assets at end of period 1,138.78 371.41 158.36

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 920.37 296.62
Other intangible assets at end of period 1,451.90 531.53 234.91

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 153.00 79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 -4.14
Retirements 0 0

68
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total Disposals and retirements, Other intangible assets 0 -4.14


Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 153.00 83.57
Other intangible assets at end of period 313.12 160.12 76.55

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.68 20.10
Acquisitions through business combinations 763.64 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -150.33 -88.16
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.06
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.06
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.50 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.50 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 614.49 -68.12
Other intangible assets at end of period 955.77 341.28 409.40

Disclosure of detailed information about other intangible assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.68 20.10
Acquisitions through business combinations 763.64 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.49 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.49 0

69
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Decrease through classified as held for sale 0 0


Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 764.81 20.10
Other intangible assets at end of period 1,206.02 441.21 421.11

Disclosure of detailed information about other intangible assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Company other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 150.33 88.16
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.06
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.06
Disposals and retirements, other intangible assets [Abstract]
Disposals 0.01 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0.01 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 150.32 88.22
Other intangible assets at end of period 250.25 99.93 11.71

Disclosure of detailed information about other intangible assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands and trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 115.00 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -43.62 -28.71
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.53 0

70
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.53 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 71.91 -28.71
Other intangible assets at end of period 180.14 108.23 136.94

Disclosure of detailed information about other intangible assets [Table] ..(11)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands and trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 115.00 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.53 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.53 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 115.53 0
Other intangible assets at end of period 255.12 139.59 139.59

Disclosure of detailed information about other intangible assets [Table] ..(12)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands and trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 43.62 28.71
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 43.62 28.71

71
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other intangible assets at end of period 74.98 31.36 2.65

Disclosure of detailed information about other intangible assets [Table] ..(13)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 115.00 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -14.79 -0.30
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.53 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.53 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 100.74 -0.30
Other intangible assets at end of period 101.76 1.02 1.32

Disclosure of detailed information about other intangible assets [Table] ..(14)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 115.00 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals -0.53 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets -0.53 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 115.53 0
Other intangible assets at end of period 117.56 2.03 2.03

72
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(15)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 14.79 0.30
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 14.79 0.30
Other intangible assets at end of period 15.80 1.01 0.71

Disclosure of detailed information about other intangible assets [Table] ..(16)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -28.83 -28.41
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets -28.83 -28.41
Other intangible assets at end of period 78.38 107.21 135.62

73
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(17)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 0 0
Other intangible assets at end of period 137.56 137.56 137.56

Disclosure of detailed information about other intangible assets [Table] ..(18)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 28.83 28.41
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 28.83 28.41
Other intangible assets at end of period 59.18 30.35 1.94

Disclosure of detailed information about other intangible assets [Table] ..(19)

Unless otherwise specified, all monetary values are in Crores of INR

74
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Computer software [Member]


Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.66 8.12
Acquisitions through business combinations 3.03 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -2.88 -2.87
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.01
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.01
Disposals and retirements, other intangible assets [Abstract]
Disposals 0.03 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0.03 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 0.78 5.24
Other intangible assets at end of period 19.13 18.35 13.11

Disclosure of detailed information about other intangible assets [Table] ..(20)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.66 8.12
Acquisitions through business combinations 3.03 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0.04 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0.04 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 3.65 8.12
Other intangible assets at end of period 28.18 24.53 16.41

Disclosure of detailed information about other intangible assets [Table] ..(21)

Unless otherwise specified, all monetary values are in Crores of INR

75
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Computer software [Member]


Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 2.88 2.87
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.01
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.01
Disposals and retirements, other intangible assets [Abstract]
Disposals 0.01 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0.01 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 2.87 2.88
Other intangible assets at end of period 9.05 6.18 3.30

Disclosure of detailed information about other intangible assets [Table] ..(22)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 597.70 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -38.15 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 559.55 0
Other intangible assets at end of period 559.55 0 0

76
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(23)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 597.70 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 597.70 0
Other intangible assets at end of period 597.70 0 0

Disclosure of detailed information about other intangible assets [Table] ..(24)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Copyrights, patents and other operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 38.15 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 38.15 0
Other intangible assets at end of period 38.15 0 0

Disclosure of detailed information about other intangible assets [Table] ..(25)

Unless otherwise specified, all monetary values are in Crores of INR

77
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Services and operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 597.70 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -38.15 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 559.55 0
Other intangible assets at end of period 559.55 0 0

Disclosure of detailed information about other intangible assets [Table] ..(26)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Services and operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 597.70 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 597.70 0
Other intangible assets at end of period 597.70 0 0

Disclosure of detailed information about other intangible assets [Table] ..(27)

Unless otherwise specified, all monetary values are in Crores of INR

78
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Services and operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 38.15 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 38.15 0
Other intangible assets at end of period 38.15 0 0

Disclosure of detailed information about other intangible assets [Table] ..(28)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -153.00 -79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 767.37 213.05
Other intangible assets at end of period 1,138.78 371.41 158.36

79
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(29)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 920.37 296.62
Other intangible assets at end of period 1,451.90 531.53 234.91

Disclosure of detailed information about other intangible assets [Table] ..(30)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 153.00 79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 -4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 -4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 153.00 83.57
Other intangible assets at end of period 313.12 160.12 76.55

Disclosure of detailed information about other intangible assets [Table] ..(31)

Unless otherwise specified, all monetary values are in Crores of INR

80
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Other intangible assets [Member]


Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.02 11.98
Acquisitions through business combinations 47.91 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -65.68 -56.58
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets -17.75 -44.65
Other intangible assets at end of period 196.95 214.70 259.35

Disclosure of detailed information about other intangible assets [Table] ..(32)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.02 11.98
Acquisitions through business combinations 47.91 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 47.93 11.98
Other intangible assets at end of period 325.02 277.09 265.11

Disclosure of detailed information about other intangible assets [Table] ..(33)

Unless otherwise specified, all monetary values are in Crores of INR

81
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Other intangible assets [Member]


Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 65.68 56.58
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 65.68 56.63
Other intangible assets at end of period 128.07 62.39 5.76

Disclosure of detailed information about other intangible assets [Table] ..(34)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Know-how [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.02 11.98
Acquisitions through business combinations 13.84 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -61.23 -56.58
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets -47.37 -44.65
Other intangible assets at end of period 167.33 214.70 259.35

82
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(35)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Know-how [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0.02 11.98
Acquisitions through business combinations 13.84 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 13.86 11.98
Other intangible assets at end of period 290.95 277.09 265.11

Disclosure of detailed information about other intangible assets [Table] ..(36)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Know-how [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 61.23 56.58
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 61.23 56.63
Other intangible assets at end of period 123.62 62.39 5.76

Disclosure of detailed information about other intangible assets [Table] ..(37)

Unless otherwise specified, all monetary values are in Crores of INR

83
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Byju's Learning Byju's Learning
Nature of other intangible assets others App App
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -153.00 -79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 -0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 -0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 767.37 213.05
Other intangible assets at end of period 1,138.78 371.41 158.36

Disclosure of detailed information about other intangible assets [Table] ..(38)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Byju's Learning Byju's Learning
Nature of other intangible assets others App App
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 920.37 296.62
Acquisitions through business combinations 0 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 920.37 296.62
Other intangible assets at end of period 1,451.90 531.53 234.91

84
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of detailed information about other intangible assets [Table] ..(39)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Byju's Learning Byju's Learning
Nature of other intangible assets others App App
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 153.00 79.38
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0.05
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0.05
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 -4.14
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 -4.14
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 153.00 83.57
Other intangible assets at end of period 313.12 160.12 76.55

Disclosure of detailed information about other intangible assets [Table] ..(40)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Teacher network Teacher network
and other and other
Nature of other intangible assets others intangibles intangibles
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 34.07 0
Increase (decrease) through net exchange differences 0 0
Amortisation other intangible assets -4.45 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Revaluation increase (decrease), other intangible assets 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0

85
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total Disposals and retirements, Other intangible assets 0 0


Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 29.62 0
Other intangible assets at end of period 29.62 0 0

Disclosure of detailed information about other intangible assets [Table] ..(41)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Gross carrying amount [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Teacher network Teacher network
and other and other
Nature of other intangible assets others intangibles intangibles
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business combinations 0 0
Acquisitions through business combinations 34.07 0
Increase (decrease) through net exchange differences 0 0
Revaluation increase (decrease), other intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0
Total Disposals and retirements, Other intangible assets 0 0
Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 34.07 0
Other intangible assets at end of period 34.07 0 0

Disclosure of detailed information about other intangible assets [Table] ..(42)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Carrying amount accumulated amortization and impairment and gross carrying amount
[Axis] Accumulated amortization and impairment [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of detailed information about other intangible assets [Abstract]
Disclosure of detailed information about other intangible assets [Line items]
Teacher network Teacher network
and other and other
Nature of other intangible assets others intangibles intangibles
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 4.45 0
Impairment loss recognised in profit or loss 0 0
Reversal of impairment loss recognised in profit or loss 0 0
Impairment loss recognised in other comprehensive income, other intangible
assets 0 0
Reversal of impairment loss recognised in other comprehensive income, other
intangible assets 0 0
Increase (decrease) through transfers and other changes, other intangible assets
[Abstract]
Increase (decrease) through transfers, other intangible assets 0 0
Increase (decrease) through other changes 0 0
Total increase (decrease) through transfers and other changes, Other intangible
assets 0 0
Disposals and retirements, other intangible assets [Abstract]
Disposals 0 0
Retirements 0 0

86
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total Disposals and retirements, Other intangible assets 0 0


Decrease through classified as held for sale 0 0
Decrease through loss of control of subsidiary 0 0
Total increase (decrease) in Other intangible assets 4.45 0
Other intangible assets at end of period 4.45 0 0

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Brands [Member] Trade marks [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of additional information about other intangible assets
[Abstract]
Disclosure of additional information about other intangible
assets [Line items]
Straight line Straight line Straight line Straight line
Amortisation method, other intangible assets method method method method
Useful lives or amortisation rates, other intangible assets 5 years 5 years 5 years 5 years
Whether other intangible assets are stated at revalued amount No No No No

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Computer software [Member] Services and operating rights [Member]
Sub classes of other intangible assets [Axis] Intangible assets other than internally generated [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of additional information about other intangible assets
[Abstract]
Disclosure of additional information about other intangible
assets [Line items]
Straight line Straight line Straight line Straight line
Amortisation method, other intangible assets method method method method
Useful lives or amortisation rates, other intangible assets 6 years 6 years 10 years 10 years
Whether other intangible assets are stated at revalued amount No No No No

Disclosure of additional information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Other intangible assets [Member]
Internally generated intangible assets Intangible assets other than internally
Sub classes of other intangible assets [Axis] [Member] generated [Member]
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of additional information about other intangible assets
[Abstract]
Disclosure of additional information about other intangible
assets [Line items]
Straight line Straight line Straight line Straight line
Amortisation method, other intangible assets method method method method
Useful lives or amortisation rates, other intangible assets 5 years 5 years 5 years 5 years
Whether other intangible assets are stated at revalued amount No No No No

Disclosure of additional information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of other intangible assets [Axis] Know-how [Member]
Intangible assets other than internally
Sub classes of other intangible assets [Axis] generated [Member]
Period FY 2021 FY 2020
Disclosure of additional information about other intangible assets [Abstract]
Disclosure of additional information about other intangible assets [Line items]
Straight line Straight line
Amortisation method, other intangible assets method method
Useful lives or amortisation rates, other intangible assets 5 years 5 years
Whether other intangible assets are stated at revalued amount No No

Textual information (7): Disclosure of other intangible assets [Text Block]

6(a)Intangible assets
(Rs. Crores)

87
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Teacher
Technology
Trademarks Byju's Learning Technical network
Particulars Software platform Brand Total
and Patents App Know-how and other
and content
intangibles

Gross carrying value

At 1 April 2019 16.40 137.56 234.90 - 2.03 265.11 - 656.00

Additions (refer note below) 8.12 - 296.62 - - 11.98 - 316.72

Disposals / adjustments - - - - - - - -

At 31 March 2020 24.52 137.56 531.53 - 2.03 277.09 - 972.72

At 1 April 2020 24.52 137.56 531.53 - 2.03 277.09 - 972.72

Additions (refer note below) 0.65 - 920.36 - - 0.02 921.03

Additions through business


3.02 - - 597.70 115.00 13.84 34.07 763.64
combinations

Disposals / adjustments (0.04) - - - 0.53 - - 0.49

At 31 March 2021 28.15 137.56 1451.89 597.70 117.56 290.95 34.07 2657.89

Accumulated amortisation

At 1 April 2019 3.29 1.94 76.54 - 0.71 5.76 - 88.24

Amortisation for the year 2.87 28.41 79.38 - 0.30 56.58 - 167.54

Additions 0.01 - 0.05 - - 0.05 - 0.11

Disposals / adjustments - - 4.14 - - - - 4.14

At 31 March 2020 6.18 30.35 160.12 - 1.01 62.39 - 260.03

At 1 April 2020 6.18 30.35 160.12 - 1.01 62.39 - 260.03

Amortisation for the year 2.88 28.83 153.00 38.15 14.79 61.23 4.45 303.32

Disposals / adjustments 0.01 - - - - - - 0.01

At 31 March 2021 9.05 59.18 313.12 38.15 15.80 123.62 4.45 563.34

Carrying amount (net)

At 1 April 2019 13.11 135.61 158.36 - 1.32 259.35 - 567.56

At 31 March 2020 18.34 107.21 371.41 - 1.02 214.70 - 712.69

At 31 March 2021 19.10 78.38 1138.77 559.55 101.76 167.33 29.62 2094.55

Notes:
(b) Cost of intangible assets under development
(Rs. Crores)

Particulars For the year ended March 31, 2021 For the year ended March 31, 2020

Balance at the beginning of the year 1,230.54 428.06

Add: Directly attributable costs

Employee benefits expense (refer note 27) 376.73 526.34

Depreciation and interest (refer note 28 and 29) 30.56 21.28

Professional and other services (refer note 30) 408.94 551.48

816.23 1,099.10

Less: Capitalized during the year 655.89 296.62

Less: Reversal/Adjustments - -

Closing balance at the end of the year 1,390.88 1,230.54

Note 1: All assets are owned by the Company, unless stated as taken on lease

88
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer plants, at cost NA NA

89
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[401100] Notes - Subclassification and notes on liabilities and assets

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Subclassification and notes on liabilities and assets [Abstract]
Loans notes [Abstract]
Textual
Disclosure of notes on loans explanatory [Text Block] Information (8)
Other non-current financial assets notes [Abstract]
Textual
Disclosure of notes on other non-current financial assets [Text Block] Information (9)
Other non-current financial assets [Abstract]
Other non-current financial assets, others (A) 427.06 (B) 0.05 (C) 2.65
Total other non-current financial assets 427.06 0.05 2.65
Other non-current assets notes [Abstract]
Textual
Disclosure of notes on other non-current assets explanatory [Text Block] Information (10)
Other non-current assets [Abstract]
Advances, non-current 0 0
Other non-current assets, others (D) 563.50 (E) 223.05 17.33
Total other non-current assets 563.50 223.05 17.33
Inventories notes [Abstract]
Textual
Disclosure of inventories Explanatory [Text Block] Information (11)
Cash and bank balances notes [Abstract]
Textual
Disclosure of notes on cash and bank balances explanatory [Text Block] Information (12)
Cash and bank balances [Abstract]
Classification of cash and bank balances [Abstract]
Cash and cash equivalents [Abstract]
Balance with banks [Abstract]
Fixed deposits with banks 0 0
Other deposits with banks 56.97 79.03 28.29
Total balance with banks 56.97 79.03 28.29
Cheques, drafts on hand 0 0 0.04
Cash on hand 0.01 0.01 0.10
Others (F) 2,618.45 (G) 566.53 (H) 440.27
Total cash and cash equivalents 2,675.43 645.57 468.70
Bank balance other than cash and cash equivalents 440.92 726.28 310.34
Total cash and bank balances 3,116.35 1,371.85 779.04
Balances in Balances in Balances in
Current and EEFC Current and EEFC Current and EEFC
Nature of other cash and cash equivalents Accounts Accounts Accounts
Details of balances held with banks to extent held as margin money or security
against borrowings, guarantees or other commitments [Abstract]
Total balances held with banks to extent held as margin money or security
against borrowings, guarantees or other commitments 0 0
Bank deposits with more than 12 months maturity 0 0
Other current financial assets [Abstract]
Textual
Disclosure of notes on other current financial assets explanatory [Text Block] Information (13)
Other current financial assets others (I) 81.34 (J) 17.26 25.55
Total other current financial assets 81.34 17.26 25.55
Other current assets notes [Abstract]
Textual
Disclosure of notes on other current assets explanatory [Text Block] Information (14)
Other current assets [Abstract]
Other current assets, others (K) 95.95 (L) 139.33 59.41
Total other current assets 95.95 139.33 59.41
Disclosure of other non-current financial liabilities notes [Abstract]
Disclosure of notes on other non-current financial liabilities explanatory [Text Textual
Block] Information (15)
Other non-current financial liabilities [Abstract]
Other non-current financial liabilities, others (M) 171.12 (N) 145.60 0
Total other non-current financial liabilities 171.12 145.60 0
Provisions notes [Abstract]
Textual
Disclosure of notes on provisions explanatory [Text Block] Information (16)
Other non-current liabilities [Abstract]

90
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Textual
Disclosure of notes on other non-current liabilities explanatory [Text Block] Information (17)
Other non-current liabilities others (O) 10.63 (P) 26.59 12.71
Total other non-current liabilities 10.63 26.59 12.71
Disclosure of other current financial liabilities notes [Abstract]
Textual
Disclosure of notes on other current financial liabilities explanatory [Text Block] Information (18)
Other current financial liabilities [Abstract]
Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Application money received for allotment of securities and due for refund and
interest accrued thereon [Abstract]
Total application money received for allotment of securities and due for refund
and interest accrued thereon 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Other current financial liabilities, others (Q) 527.69 (R) 71.95 (S) 5.96
Total other current financial liabilities 527.69 71.95 5.96
Disclosure of other current liabilities notes [Abstract]
Textual
Disclosure of other current liabilities notes explanatory [Text Block] Information (19)
Other current liabilities [Abstract]
Other payables, current [Abstract]
Current liabilities portion of share application money pending allotment 0 0
Other current liabilities, others (T) 580.95 (U) 128.13 (V) 111.62
Total other current liabilities 580.95 128.13 111.62

Footnotes

(A)

Rs. Crores Unsecured, considered good Bank deposits (due to mature after 12 months from the reporting date)* - 426.00 Interest accrued on
bank deposits - 1.06 * Includes Rs.19.36 Crores (31 March 2020 : Rs. Nil, 1 April 2019 : Rs. Nil) which is restricted by way of lien and Rs. 100.98
Crores (31 March 2020 : Rs. Nil, 1 April 2019 : Rs. Nil) which is restricted by way of guarantee favouring the vendors based on terms of
agreement.

(B) Rs. Crores Unsecured, considered good Bank deposits (due to mature after 12 months from the reporting date)

(C) Bank deposits (due to mature after 12 months from the reporting date)

(D)

(Rs. Crores) Right of use assets - 246.60 Balance with statutory authorities - 231.22 Advance Income Tax including tax deducted at source (net
of provision for taxes) - 85.44 Prepaid Rent - Nil Prepaid Expenses - 0.24 Other advances - Nil

(E)

(Rs. Crores) Right of use assets - 210.08 Other non-current assets Balance with statutory authorities - Nil Advance Income Tax including tax
deducted at source (net of provision for taxes) - 12.00 Prepaid Rent - 0.24 Prepaid Expenses - 0.73 Other advances - Nil

(F) Bank balance in current accounts- 2483.89 Bank balance in EEFC accounts- 134.56

(G) Funds in transit- 2.31 Bank balance in current accounts- 466.25 Bank balance in EEFC accounts- 97.97

(H) Funds in transit- 7.57 Bank balances in Current Account - 333.35 Bank balances in EEFC Account - 99.35

(I)

(Rs. Crores) Other financial assets Current Unsecured, considered good Interest accrued on bank deposits and bonds – 0.85 Receivable from
Payment Gateways – 15.67 Interest accrued on loans – 0.04 Other receivables (refer note below) – 64.78 Note: Balance pertains to amounts
receivable from loan partners against loan taken by customers

(J) (Rs. Crores) Other financial assets Current Unsecured, considered good Interest accrued on bank deposits and bonds – 17.26

(K)

(Rs. Crores) Other current assets, others Unsecured, considered good Balance with statutory authorities - 2.93 Advances to suppliers (after
provision for doubtful advances) – 42.82 Advances to others – 1.63 Prepaid rent – 0.55 Unamortised costs of obtaining a contract – 9.85 Prepaid
expenses – 38.17

(L)

91
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(Rs. Crores) Other current assets, others Unsecured, considered good Balance with statutory authorities - 0.73 Advances to suppliers – 88.07
Advances to others – 10.82 Prepaid rent – 0.78 Prepaid expenses – 38.93

(M) Lease liabilities

(N) Lease liabilities

(O) Unearned revenue

(P) Unearned revenue

(Q)

Lease liability- 84.81 Other financial liabilities Interest accrued but not due on borrowings- 2.55 Creditors for capital expenditure- 57.52 Employee
Related Payables- 79.40 Payable on acquisition of business (Refer notes 40 to 42)- 5.61 Refundable security deposit- 39.88 Financial liability
under option arrangements- 257.91

(R) Lease liability

(S)

Current maturities of long term borrowings - 2.22 Interest accrued but not due on borrowings - 0.17 Payable on acquisition of business - 3.31
Refundable security deposit - 0.26

(T)

Statutory liabilities- 194.34 Advance from customers- 347.80 Unearned revenue (refer note 19.1)- 34.13 Other current liabilities not included
above- 4.68

(U)

Statutory liabilities- 26.81 Advance from customers- 1.16 Unearned revenue (refer note 19.1)- 96.82 Other current liabilities not included above-
3.34

(V)

Statutory liabilities - 19.06 Advance from customers - 0.03 Deferred rent - 2.84 Unearned revenue - 67.33 Other current liabilities not included
above - 22.36

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Classification of assets based on security [Member]
Period FY 2021 FY 2020 FY 2019
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 431.82 222.67 91.45
Allowance for bad and doubtful debts 54.73 22.30 12.09
Total trade receivables 377.09 200.37 79.36

Subclassification of trade receivables [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 377.09 200.37 79.36
Allowance for bad and doubtful debts 0 0 0
Total trade receivables 377.09 200.37 79.36
Details of trade receivables due by directors, other officers or others [Abstract]
Trade receivables due by directors 0 0 0
Trade receivables due by other officers 0 0 0
Trade receivables due by others 0 0 0
Total trade receivables due by directors, other officers or others 0 0 0
Details of trade receivables due by firms or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0 0
Trade receivables due by private companies in which any director is director 0 0 0
Trade receivables due by private companies in which any director is member 0 0 0
Total trade receivables due by firms or companies in which any director is partner
or director 0 0 0

92
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Subclassification of trade receivables [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security [Axis] Doubtful [Member]
Period FY 2021 FY 2020 FY 2019
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 54.73 22.30 12.09
Allowance for bad and doubtful debts 54.73 22.30 12.09
Total trade receivables 0 0 0
Details of trade receivables due by directors, other officers or others [Abstract]
Trade receivables due by directors 0 0 0
Trade receivables due by other officers 0 0 0
Trade receivables due by others 0 0 0
Total trade receivables due by directors, other officers or others 0 0 0
Details of trade receivables due by firms or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in which any director is partner 0 0 0
Trade receivables due by private companies in which any director is director 0 0 0
Trade receivables due by private companies in which any director is member 0 0 0
Total trade receivables due by firms or companies in which any director is partner
or director 0 0 0

Details of loans [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 61.66 41.02 24.25
Allowance for bad and doubtful loans 0 0 0
Total loans 61.66 41.02 24.25
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Doubtful [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 4.38 0 0.43
Allowance for bad and doubtful loans 4.38 0 0.43
Total loans 0 0 0
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0

93
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Loans due by private companies in which any director is member 0 0 0


Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 29.66 41.02 24.25
Allowance for bad and doubtful loans 0 0 0
Total loans 29.66 41.02 24.25
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Security deposits [Member]
Classification of assets based on security [Axis] Doubtful [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 4.38 0 0.43
Allowance for bad and doubtful loans 4.38 0 0.43
Total loans 0 0 0
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Classification of loans [Axis] Loans given to other companies [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 32.00 0 0
Allowance for bad and doubtful loans 0 0 0
Total loans 32.00 0 0
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]

94
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Loans due by firms in which any director is partner 0 0 0


Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 21.82 10.71 2.35
Allowance for bad and doubtful loans 0 0 0
Total loans 21.82 10.71 2.35
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans [Member]
Classification of assets based on security [Axis] Doubtful [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1.05 0 0
Allowance for bad and doubtful loans 0 0 0
Total loans 1.05 0 0
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Security deposits [Member]
Classification of assets based on security [Axis] Unsecured considered good [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 21.82 10.71 2.35
Allowance for bad and doubtful loans 0 0 0
Total loans 21.82 10.71 2.35
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0

95
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Details of loans due by firms or companies in which any director is partner or


director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Details of loans [Table] ..(9)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Classification of loans [Axis] Loans given to other companies [Member]
Classification of assets based on security [Axis] Doubtful [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of loans [Abstract]
Details of loans [Line items]
Loans , gross 1.05 0 1.05
Allowance for bad and doubtful loans 0 0 0
Total loans 1.05 0 1.05
Details of loans due by directors, other officers or others [Abstract]
Loans due by directors 0 0 0
Loans due by other officers 0 0 0
Loans due by others 0 0 0
Total loans due by directors, other officers or others 0 0 0
Details of loans due by firms or companies in which any director is partner or
director [Abstract]
Loans due by firms in which any director is partner 0 0 0
Loans due by private companies in which any director is director 0 0 0
Loans due by private companies in which any director is member 0 0 0
Total loans due by firms or companies in which any director is partner or director 0 0 0

Other non-current financial assets, others [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Classification of other non-current financial assets others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
Bank deposits,
Interest accrued
Description other non-current financial assets, others on bank deposits Bank deposits Bank deposits
Other non-current financial assets, others 427.06 0.05 2.65

Other non-current assets, others [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Other non-current assets, others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Refer to Note 9(a) Refer to Note 9(a) Refer to Note 9(a)
- Non-current - Non-current - Non-current
assets and Note 4 assets and Note 4 assets and Note 4
- Right of use - Right of use - Right of use
Description of other non-current assets, others assets assets assets
Other non-current assets, others 563.50 223.05 17.33

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classification of inventories [Axis] Company inventories [Member]
Period FY 2021 FY 2020 FY 2019
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 252.48 54.23 50.87
lower of cost and lower of cost and lower of cost and
net realisable net realisable net realisable
Mode of valuation value value value

96
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification of inventories [Axis] Stock-in-trade [Member]
Period FY 2021 FY 2020 FY 2019
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 252.48 54.23 50.87
lower of cost and lower of cost and lower of cost and
net realisable net realisable net realisable
Mode of valuation value value value

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial assets others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Interest accrued Interest accrued Interest accrued
on bank deposits on bank deposits on bank deposits
Description other current financial assets others and bonds and bonds and bonds
Other current financial assets others 0.85 17.26 25.55

Other current financial assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial assets others [Axis] Column 2
Period FY 2021 FY 2020 FY 2019
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Receivable from Receivable from Receivable from
Payment Payment Payment
Description other current financial assets others Gateways Gateways Gateways
Other current financial assets others 15.67 0 0

Other current financial assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial assets others [Axis] Column 3
Period FY 2021 FY 2020 FY 2019
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Interest accrued Interest accrued Interest accrued
Description other current financial assets others on loans on loans on loans
Other current financial assets others 0.04 0 0

Other current financial assets others [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial assets others [Axis] Column 4
Period FY 2021 FY 2020 FY 2019
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Description other current financial assets others Other recievables Other recievables Other recievables
Other current financial assets others 64.78 0 0

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Balance with Balance with Balance with
statutory statutory statutory
Description of other current assets others authorities authorities authorities
Other current assets, others 2.93 0.73 1.59

97
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other current assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 2
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Advances to Advances to Advances to
Description of other current assets others suppliers suppliers suppliers
Other current assets, others 42.82 88.07 26.84

Other current assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 3
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Advances to Advances to Advances to
Description of other current assets others others others others
Other current assets, others 1.63 10.82 5.08

Other current assets others [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 4
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Prepaid rent Prepaid rent Prepaid rent
Other current assets, others 0.55 0.78 0.95

Other current assets others [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 5
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Unamortised costs Unamortised costs Unamortised costs
of obtaining a of obtaining a of obtaining a
Description of other current assets others contract contract contract
Other current assets, others 9.85 0 0

Other current assets others [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Other current assets others [Axis] Column 6
Period FY 2021 FY 2020 FY 2019
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Prepaid expenses Prepaid expenses Prepaid expenses
Other current assets, others 38.17 38.93 24.95

Other non-current financial liabilities others [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Other non-current financial liabilities others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other non-current financial liabilities others [Abstract]
Other non-current financial liabilities others [Line items]
Non-Current lease Non-Current lease
Description other non-current financial liabilities others liabilities liabilities Not applicable
Other non-current financial liabilities, others 171.12 145.60 0

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR

98
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classification based on current non-current


Classification based on current non-current [Axis] [Member]
Period FY 2021 FY 2020
Disclosure of breakup of provisions [Abstract]
Provision for Provision for
Guarantee and Guarantee and
Nature of other provisions Sales Return Sales Return

Disclosure of breakup of provisions [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Non-current [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 45.58 21.92 10.29
Provision leave encashment 46.42 18.53 10.08
Total provisions for employee benefits 92.00 40.45 20.37
Provision for corporate tax [Abstract]
Provision for other tax 0 0 0
Total provision for corporate tax 0 0 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 0 0 0
Total provisions 92.00 40.45 20.37

Disclosure of breakup of provisions [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classification based on current non-current [Axis] Current [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits [Abstract]
Provision gratuity 0.59 0.31 0.15
Provision leave encashment 5.76 1.99 1.17
Total provisions for employee benefits 6.35 2.30 1.32
Provision for corporate tax [Abstract]
Provision for other tax 0.49 0.07 0
Total provision for corporate tax 0.49 0.07 0
CSR expenditure provision 0 0 0
Provision for abandonment cost 0 0 0
Other provisions 54.02 0 0
Total provisions 60.86 2.37 1.32

Other non-current liabilities others [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Other non-current liabilities others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line items]
Description of other non-current liabilities others Unearned revenue Unearned revenue Unearned revenue
Other non-current liabilities others 10.63 26.59 12.71

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Current maturities
of long term
Description of other current financial liabilities, others Lease liabilities Lease liabilities borrowings
Other current financial liabilities, others 84.81 69.53 2.22

99
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 2
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Interest accrued Interest accrued Interest accrued
but not due on but not due on but not due on
Description of other current financial liabilities, others borrowings borrowings borrowings
Other current financial liabilities, others 2.55 0 0.17

Other current financial liabilities, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 3
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Creditors for Creditors for Creditors for
capital capital capital
Description of other current financial liabilities, others expenditure expenditure expenditure
Other current financial liabilities, others 57.52 1.35 0

Other current financial liabilities, others [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 4
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Employee Related Employee Related Employee Related
Description of other current financial liabilities, others Payables Payables Payables
Other current financial liabilities, others 79.40 0 0

Other current financial liabilities, others [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 5
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Payable on Payable on Payable on
acquisition of acquisition of acquisition of
Description of other current financial liabilities, others business business business
Other current financial liabilities, others 5.61 1.07 3.31

Other current financial liabilities, others [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 6
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Refundable Refundable Refundable
Description of other current financial liabilities, others security deposit security deposit security deposit
Other current financial liabilities, others 39.88 0 0.26

Other current financial liabilities, others [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Other current financial liabilities, others [Axis] Column 7
Period FY 2021 FY 2020 FY 2019
Other current financial liabilities, others [Abstract]
Other current financial liabilities, others [Line items]
Financial liability Financial liability Financial liability
under option under option under option
Description of other current financial liabilities, others arrangements arrangements arrangements
Other current financial liabilities, others 257.92 0 0

100
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Other current liabilities, others [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Statutory Statutory Statutory
Description of other current liabilities, others liabilities liabilities liabilities
Other current liabilities, others 194.34 26.81 19.06

Other current liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Other current liabilities, others [Axis] Column 2
Period FY 2021 FY 2020 FY 2019
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Advance from Advance from Advance from
Description of other current liabilities, others customers customers customers
Other current liabilities, others 347.80 1.16 0.03

Other current liabilities, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Other current liabilities, others [Axis] Column 3
Period FY 2021 FY 2020 FY 2019
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Description of other current liabilities, others Unearned revenue Unearned revenue Unearned revenue
Other current liabilities, others 34.13 96.82 67.33

Other current liabilities, others [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Other current liabilities, others [Axis] Column 4
Period FY 2021 FY 2020 FY 2019
Other current liabilities, others [Abstract]
Other current liabilities, others [Line items]
Deferred rent and
Other current Other current Other current
liabilities not liabilities not liabilities not
Description of other current liabilities, others included above included above included above
Other current liabilities, others 4.68 3.34 25.20

Textual information (8): Disclosure of notes on loans explanatory [Text Block]

7. Loans
(a) Non-current
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Security Deposit 29.66 41.02 24.25

Loans

- Loan to Others * 32.00 - -

Unsecured, considered doubtful

Security Deposit 4.38 - 0.43

Less: Provision for doubtful security deposit (4.38) - (0.43)

Total 61.66 41.02 24.25

*The loans are given for the purposes of meeting the working capital/business requirements of the borrower (Toppr Technogies Private Limited -
Rs. 25 Crores and Grade Stack Learning Private Limited - Rs. 7 Crores). These entities have been subsequently acquired by the group

101
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

subsequent to 31 March 2021. (Refer note 48)


(b) Current

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Security Deposit 21.82 10.71 2.35

Unsecured, considered doubtful

Security Deposit - - 0.66

Less: Provision for doubtful security deposit - - (0.66)

Loan to others 1.05 - -

Total 22.87 10.71 2.35

Textual information (9): Disclosure of notes on other non-current financial assets [Text Block]

8. Other financial assets


(a) Non-current
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Bank deposits (due to mature after 12 months from the


426.00 0.05 2.65
reporting date)*

Interest accrued on bank deposits 1.06 - -

Total 427.06 0.05 2.65

* Includes Rs.19.36 Crores (31 March 2020 : Rs. Nil, 1 April 2019 : Rs. Nil) which is restricted by way of lien and Rs. 100.98 Crores (31 March
2020 : Rs. Nil,
1 April 2019 : Rs. Nil) which is restricted by way of guarantee favouring the vendors based on terms of agreement.

Textual information (10): Disclosure of notes on other non-current assets explanatory [Text Block]

4. Right-of-use assets
(Rs. Crores)

Particulars Buildings Computers Office Equipment Total

Gross carrying value

At April 1, 2019 - - - -

On account of adoption of Ind AS 116 104.97 5.58 1.79 112.34

Additions 126.67 27.13 2.97 156.77

Disposals / adjustments - - - -

At March 31, 2020 231.64 32.71 4.76 269.11

At 1 April 2020 231.64 32.71 4.76 269.11

Additions 115.93 7.11 - 123.04

Disposals / adjustments 10.75 - - 10.75

At March 31, 2021 336.82 39.82 4.76 381.40

Accumulated depreciation

At 01 April, 2019 - - - -

On account of adoption of Ind AS 116 - 2.50 - 2.50

Depreciation expense 47.00 8.65 0.88 56.53

102
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disposals / adjustments - - - -

At March 31, 2020 47.00 11.15 0.88 59.03

At 1 April 2020 47.00 11.15 0.88 59.03

Depreciation expense 60.66 13.12 1.22 80.40

Disposals / adjustments 4.63 - - 4.63

At March 31, 2021 108.43 24.27 2.10 134.80

Net Carrying amount

At March 31, 2020 184.64 21.56 3.88 210.08

At March 31, 2021 228.39 15.55 2.66 246.60

9. Other Assets
(a) Non-current
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Balance with statutory authorities 231.22 - -

Advance income tax including tax deducted at source (Net


85.44 12.00 2.90
of provision for taxes)

Prepaid rent - 0.24 3.61

Prepaid expenses 0.20 0.73 1.19

Other advances - - 9.63

Total 316.90 12.97 17.33

Textual information (11): Disclosure of inventories Explanatory [Text Block]

10. Inventories (at lower of cost and net realisable value)


(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Edutech products* 252.48 54.37 51.01

(-) Provision for Slow and non moving goods - (0.14) (0.14)

Total 252.48 54.23 50.87

Edutech products comprises:

- Tech embedded devices 142.02 1.56 9.24

- Tablets * 102.21 - -

- SD cards * 2.22 1.08 -

-Laptops 3.46 - -

- Others 2.57 51.73 41.77

Total 252.48 54.23 50.87

*Includes stock in transit of Rs. 17.96 crores (31 March 2020: Rs. Nil, 1 April 2019: Rs. Nil)

Textual information (12): Disclosure of notes on cash and bank balances explanatory [Text Block]

13. Cash and bank balances


(a) Cash and cash equivalents

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

103
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Cash on hand 0.01 0.01 0.10

Cheques on hand - - 0.04

Funds in transit - 2.31 7.57

Bank balances (refer note 1 below)

(i) In Current accounts 2,483.89 466.25 333.35

(ii) In EEFC accounts 134.56 97.97 99.35

(iii) In deposit accounts (original maturity of 3 months or


56.97 79.03 28.29
less)

Total 2,675.43 645.57 468.70

(b) Bank balances other than above


(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

In deposit accounts (original maturity of more than 3


440.92 726.28 310.34
months but less than 12 months) (refer note 2 below)

Total 440.92 726.28 310.34

Note 1: Bank balances in current accounts as at 31 March 2021 includes Rs. 1,139.17 Crores share application money pending allotment.
Note 2 : Includes Rs. Nil (31 March 2020 : Rs. 168.49 Crores, 1 April 2019 : Rs. 57.11 Crores) which is restricted by way of lien and Rs. 120.69
Crores (31 March 2020 : Rs. 62.86 Crores, 1 April 2019 : Rs. 17.69 Crores) which is restricted by way of guarantee favouring the vendors based
on terms of agreement.

Textual information (13): Disclosure of notes on other current financial assets explanatory [Text Block]

8. Other financial assets


(b) Current
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Interest accrued on bank deposits and bonds 0.85 17.26 25.55

Receivable from Payment Gateways 15.67 - -

Interest accrued on loans 0.04

Other receivables (refer note below) 64,78 - -

Total 81.34 17.26 25.55

Note: Balance pertains to amount receivable from loan partners against loan taken by customers.

Textual information (14): Disclosure of notes on other current assets explanatory [Text Block]

9. Other Assets
(b) Current assets
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

Balance with statutory authorities 2.93 0.73 1.59

Advances

- to suppliers 47.14 88.07 26.84

Less: Provision for doubtful advances (4.32) - -

42.82 - -

104
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

- to others 1.63 10.82 5.08

Prepaid rent 0.55 0.78 0.95

Unamortised costs of obtaining a contract 9.85 - -

Prepaid expenses 38.17 38.93 24.95

Total 95.95 139.33 59.41

Textual information (15): Disclosure of notes on other non-current financial liabilities explanatory [Text Block]

17. Lease Liabilities


(a) Non-current lease liabilities
(Rs. Crores)

As at As at As at
Particulars
31 March 2021 31 March 2020 1 April 2019

Lease liabilities 171.12 145.60 -

Total 171.12 145.60 -

Textual information (16): Disclosure of notes on provisions explanatory [Text Block]

18. Provisions
(a) Non-current
(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Provision For Employee Benefits

Provision for Gratuity (refer note 31(b)) 45.58 21.92 10.29

Provision for Compensated Absences (refer note 31(b)) 46.42 18.53 10.08

Total 92.00 40.45 20.37

(b) Current

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Provision For Employee Benefits

Provision for Gratuity (refer note 31(b)) 0.59 0.31 0.15

Provision for Compensated Absences (refer note 31(b)) 5.76 1.99 1.17

Provision for Income Tax 0.49 0.07 -

Other provisions

Provision for Guarantee (Refer note below) 34.51 - -

Provision for Sales return 19.51 - -

Total 60.86 2.37 1.32

Note:
(i) The Group has estimated the fair value of the guarantee as at Rs. 34.51 crores at March 31, 2021 based on the confirmations received from
Loan partners.
One of the subsidiary provides for the estimated cost of product warranties as part of cost of revenues based on the total estimated cost to repair
or replace products for defects in materials and workmanship during the warranty period. Through March 31, 2021, the warranty period for
products sold is one year. The subsidiary receives manufacturer warranties on all of the purchased elements of the products sold, and the
estimated cost to warrant its products is calculated net of the expected warranty benefit to be received from the manufacturers. As of March 31,
2021, and 2020, the subsidiary determined the accrual for future warranty claims was not material to the financial statements.

Textual information (17): Disclosure of notes on other non-current liabilities explanatory [Text Block]

19. Other non current liabilities


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

105
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Unearned revenue (Refer note 19.1) 10.63 26.59 12.71

Total 10.63 26.59 12.71

19.1 Movement of unearned revenue


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Balance at the beginning of the year 123.41 80.04

Invoiced during the year 38.17 110.70

Revenue recognised during the year 116.81 67.33

Balance at the end of the year 44.77 123.41 80.04

Textual information (18): Disclosure of notes on other current financial liabilities explanatory [Text Block]

17. Lease Liabilities


(Rs. Crores)
(b) Current lease liabilities

As at As at As at
Particulars
31 March 2021 31 March 2020 1 April 2019

Lease liabilities 84.81 69.53 -

Total 84.81 69.53 -

22. Other financial liabilities


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Carried at amortised cost

Total outstanding dues of micro enterprises and small


1.34 - -
enterprises (Refer note 33)

Total outstanding dues of creditors other than micro enterprises


1,064.07 482.36 134.29
and small enterprises

Total 1065.41 482.36 134.29

Textual information (19): Disclosure of other current liabilities notes explanatory [Text Block]

23. Other current liabilities


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Statutory liabilities 194.34 26.81 19.06

Advance from customers 347.80 1.16 0.03

Deferred Rent - - 2.84

Unearned revenue (Refer note 19.1) 34.13 96.82 67.33

Other current liabilities not included above 4.68 3.34 22.36

Total 580.95 128.13 111.62

106
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Textual
Disclosure of additional balance sheet notes explanatory [Text Block] Information (20)
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Claims against company not acknowledged as debt 0 0 1.71
Guarantees 149.65 153.77 0
Other money for which company is contingently liable 0 0 0
Total contingent liabilities 149.65 153.77 1.71
Total contingent liabilities and commitments 149.65 153.77 1.71
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity shareholders [INR/shares] 0 [INR/shares] 0
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been mandated under
Companies (Cost Records and Audit) Rules, 2014 No No
Net worth of company 0 0
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund (IEPF) 0 0
Gross value of transactions with related parties 0 0
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

Details of disclosures required under MSMED Act 2006 [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Micro small medium enterprises [Axis] Column 1
Period FY 2021
Details of disclosures required under MSMED Act 2006 [Abstract]
Details of disclosures required under MSMED Act 2006 [Line items]
Principal and interest due remaining unpaid [Abstract]
Principal due remaining unpaid 1.33
Interest due remaining unpaid 0.01
Total principal and interest due remaining unpaid 1.34
Amount of interest paid under MSMED Act 2006 0
Amount of interest due and payable for period 0.01
Amount of interest accrued and remaining unpaid at end of accounting year 0.01
Amount of further interest due and payable even in succeeding year 0.01

107
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Maximum amount outstanding for period from micro small medium enterprises 0
Name supplier being micro small medium enterprises Various vendors

Textual information (20): Disclosure of additional balance sheet notes explanatory [Text Block]

12. Trade receivables


(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Unsecured, considered good

-from others 377.09 200.37 79.36

Unsecured, considered doubtful

-from others 54.73 22.30 12.09

431.82 222.67 91.45

Less: Allowance for expected credit loss (54.73) (22.30) (12.09)

Total 377.09 200.37 79.36

The movement in the allowance for expected credit loss in respect of trade receivables during the year was as follows:
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 1 April, 2019

Balance at the beginning of the year 22.30 12.09 4.74

Addition during the year 32.43 22.30 12.09

Written off / reversed during the year - (12.09) (4.74)

Balance at end of the year 54.73 22.30 12.09

21. Trade payables


(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 01 April 2019

Carried at amortised cost

Total outstanding dues of micro enterprises and small enterprises


0.55 - -
(Refer Note 33)

Total outstanding dues of creditors other than micro enterprises


586.43 238.93 122.76
and small enterprises

Total 586.98 238.93 122.76

32. Contingent liabilities and commitments (to the extent not provided for)
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 01 April, 2019

Contingent liabilities

(a) Claims against the Group not acknowledged as debt

(i) Demand / show cause notices received from tax authorities

-Penalty on Service tax * - - 0.67

-Income Tax - - 0.04

(ii) 'Claims for damages by C L Educate for alleged infringement of


- - 1.00
Trademark

(b) Corporate Guarantee 149.65 153.77 -

*Denotes that the case was pending against the parent's erstwhile firm Noesis Education & Management services
(c) There are certain litigations related to Income Tax disputes for AY 2017-18 and AY 2018-19 in respect of which, the Parent's appeals are
pending with the ITAT and CIT(A). There are no demands raised by the authorities in respect of these litigations.
Commitments

108
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(a) Estimated amounts of commitments not provided for amounts to Rs. Nil (previous year: Rs. Nil). (refer note below on Dividend on CCCPS)
Note:
Dividend on Compulsorily Convertible Cumulative Preference Shares (CCCPS) have not been declared in the years ended 31 March 2021, 31
March 2020, 31 March 2019, 31 March 2018, 31 March 2017 and 1 April 2016 in the absence of distributable profits. The cumulative amount of
dividends for the above periods amounts to Rs. 1,036/- . The same shall be accumulated and paid by the Parent as and when it has distributable
profits.
33. Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006
(Rs. Crores)

As at As at
Particulars
31 March, 2021 31 March, 2020

(i) Principal amount remaining unpaid to any supplier as at the end of the accounting year 1.33 -

(ii) Interest due thereon remaining unpaid to any supplier as at the end of the accounting year 0.01 -

(iii) The amount of interest paid along with the amounts of the payment made to the supplier beyond the
- -
appointed day

(iv) The amount of interest due and payable for the period of delay in making payment (which have been
paid but beyond the appointed day during the year) but without adding the interest specified under 0.01 -
MSMED Act

(v) The amount of interest accrued and remaining unpaid at the end of accounting year 0.01 -

(vi) The amount of further interest due and payable even in the succeeding year, until such date when
the interest dues as above are actually paid to the small enterprise, for the purpose of disallowance as a
0.00 -
deductible expenditure under section 23
i.e., from April 01, 2021 to actual date of payment or August 30, 2022 (whichever is earlier)

The above information has been determined to the extent such parties have been identified on the basis of information collected by the
Management. This has been relied upon by the auditors.
38. Transfer Pricing
The Group has established a comprehensive system of maintenance of information and documents as required by the transfer pricing legislation
under Sections 92-92F of the Income-tax Act. Since the law requires existence of such information and documentation to be contemporaneous in
nature, the Group is in the process of updating the documentation for the international as well as specified domestic transactions (if applicable)
entered into with the associated enterprise during the financial year and expects such records to be in existence latest by the end of the
stipulated timeline, as required by law. The Management of the Group is of the opinion that its international as well as specified domestic
transactions (if any) are at arm’s length so that the aforesaid legislation will not have any impact on the financial statements, particularly on the
amount of tax expenses and that of provision for taxation.
40. Acquisition of Whitehat Education Technology Private Limited ("Whitehat Jr")
During the year, the Parent has entered into Share Purchase Agreement (‘’SPA’’) and Share Holders Agreement (“SHA”) dated August 5, 2020
with Whitehat Jr and its shareholders to acquire equity stake in Whitehat Jr. In accordance with the SPA and SHA, on August 10, 2020 the
Parent had acquired 73.91% stake for a cash consideration of INR 1,327.43 crores and thus Whitehat Jr has become the subsidiary of the
Group. Pursuant to a further rights issue subscribed to by the Parent, the shareholding holding in Whitehat Jr at the balance sheet date is 76%.
As on the date of acquisition, the Parent had a written put option and purchase call option for the remaining shareholding as per the agreement.
The Group recorded a financial liability for the estimated present value of its gross obligation to purchase the non-controlling interest as of the
acquisition date in accordance with the share purchase agreement with a corresponding adjustment to equity. The Parent has completed the
acquisition of the balance stake in Whitehat Jr subsequent to the balance sheet date.
Whitehat Jr is engaged in providing coding classes to the students who belong to the age group of 6 to 17 years. Whitehat Jr has a unique
feature to provide 1:1 online coding classes to students wherein a teacher focuses on a one child at a time. The excess of the purchase
consideration paid over the fair value of assets acquired has been attributed to goodwill. The primary items that generated this goodwill are the
value of the acquired assembled workforce and estimated synergies, neither of which qualify as an amortizable intangible asset.
The purchase price is allocated to assets acquired and liabilities assumed based on the determination of fair values as determined by the Seller
on the basis of the valuation report obtained from an independent valuer at the dates of acquisition as follows:
(Rs. Crores)

Acquiree’s Purchase
Fair value
Particulars carrying price
adjustments
amount allocated

Assets:

Property Plant and Equipment 0.19 - 0.19

Other non current assets 8.87 - 8.87

Cash and cash equivalents 54.62 - 54.62

Other current assets 54.09 - 54.09

Identified Intangible Assets

109
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Brand - 115.00 115.00

Tech platform and content - 597.70 597.70

Teacher network - 32.00 32.00

Total Assets 117.77 744.70 862.47

Liabilities

Other current liabilities 328.72 - 328.72

Other non-current liabilities 6.18 - 6.18

Deferred tax liability on intangibles - 187.52 522.42

Total Liabilities 334.90 187.52 522.42

Non Controlling Interest's proportionate share in acquiree's


(88.72)
net identifiable assets

Goodwill* 1,076.09

Total purchase consideration paid in cash 1,327.42

*Goodwill is not tax deductible.


The transaction costs of Rs. 2 crores related to the acquisition have been included under administrative expenses in the Consolidated Statement
of Profit and Loss for the year ended March 31, 2021.
If the acquisition had taken place at the beginning of the year, revenue from operations would have been higher by Rs. 61.31 crores and the loss
before tax from operations for the Group from Whitehat Jr would have been higher by Rs. 238.27 crores.
From the date of acquisition, Whitehat Jr has contributed Rs. 326.66 crore of total revenue and loss of Rs. 1548.76 crore to the loss before tax
from operations of the Group.
41. Acquisition of Inspilearn Education Private Limited by Byjus K3 Education Private Limited
On January 15, 2021, the group acquired 100% voting interests in Inspilearn Education Private Limited (referred as "Inspilearn") on a going
concern basis for a total consideration of Rs. 20 crores, comprising cash consideration of Rs. 14 crores and deferred cash consideration of Rs. 6
crores payable on first anniversary from the date of acquisition. Inspilearn provides instant step-by-step solutions to any question submitted on
the app in the form of a simple photo. Presently, more than million students have used AI enabled automated answering platform.
On fulfilment of the various conditions precedent as per the agreement, the group accounted for this acquisition under the acquisition method and
the assets acquired and liabilities assumed have been recorded at their fair value as determined on the basis of the report obtained from an
independent valuer.
The purchase price allocation for Inspilearn Education Private Limited based upon determination of fair values at the date of acquisition is as
follows:

Acquiree’s Purchase
Fair value
Particulars carrying price
adjustments
amount allocated

Total Assets** 0.02 - 0.02

Total liabilities 0.26 - 0.26

Acquired intangible assets

Total assets** 0.02 - 0.02

Total liabilities 0.26 - 0.26

Acquired intangible assets

Technology related* - 8.89 8.89

Customer relationships* - 1.01 1.01

Deferred tax liabilities on intangibles - 2.49 2.49

Goodwill 11.86

Total purchase price 19.03

*Economic useful of the asset is 10 years


**Includes cash and cash equivalents of Rs. 0.0036 Crore
The fair value of the trade receivables amounts to Rs. 0.0008 Crores is equivalent to the gross amount of trade receivables. However, none of
the trade receivables is credit impaired and it is expected that the full contractual amounts will be collected.
The fair value of each major class of consideration as of the acquisition date are as follows:
(Rs. Crores)

110
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Particulars Amount

Cash consideration 14.00

Fair value of deferred cash consideration 5.03

Total purchase price 19.03

If the acquisition had taken place at the beginning of the year, revenue from operations would have been higher by Rs. 0.19 crore and the profit
before tax from operations for the Group from Inspilearn would have been higher by Rs. 0.21 crore.
From the date of acquisition, Inspilearn has contributed Rs. 0.30 crore of total revenue and profit of Rs. 0.24 crore to the profit before tax from
operations of the Group.
42. Acquisition of Digital Aristotle Private Limited by Byjus K3 Education Private Limited
On February 25, 2021, the group acquired 100% voting interests in Digital Aristotle Private Limited (referred as "Digital Aristotle") on a going
concern basis for a cash consideration of Rs. 16.52 crore. Digital Aristotle is an emerging technology group, leveraging the modern technologies
of artificial intelligence, natural language processing and machine learning to deliver meaningful insights from data, that can be customized to
meet the personal needs of the individual.
On fulfilment of the various conditions precedent as per the agreement, the group accounted for this acquisition under the acquisition method and
the assets acquired and liabilities assumed have been recorded at their fair value as determined on the basis of the report obtained from an
independent valuer.
The purchase price allocation for Digital Aristotle Private Limited based upon determination of fair values at the date of acquisition is as follows:
(Rs. Crores)

Acquiree’s Purchase
Fair value
Particulars carrying price
adjustments
amount allocated

Total Assets** 0.40 - 0.40

Total liabilities 6.97 - 6.97

Acquired intangible assets

Technology related* - 4.93 4.93

Customer relationships* - 1.06 1.06

Deferred tax liabilities on intangibles - 1.22 1.22

Goodwill 18.33

Total purchase price 16.53

*Economic useful of the asset is 10 years


**Includes cash and cash equivalents of Rs. 0.02 Crores
The fair value of the trade receivables amounts to Rs. 0.24 Crore is equivalent to the gross amount of trade receivables. However, none of the
trade receivables is credit impaired and it is expected that the full contractual amounts will be collected
If the acquisition had taken place at the beginning of the year, revenue from operations would have been higher by Rs. 1.59 crores and the profit
before tax from operations for the Group from Inspilearn would have been higher by Rs. 1.42 crores
From the date of acquisition, Digital Aristotle has contributed Rs. 0.10 crore of total revenue and loss of Rs. 1.10 crores to the loss before tax
from operations of the Group.
43. Capital management
The Group manages its capital to ensure that it will be able to continue as a going concern while maximising the return to stakeholders through
the optimization of the debt and equity balance. The capital structure of the Group consists of borrowings and lease liabilities as indicated in
notes 16, 17, 20 total equity as indicated in notes 14 and 15. The Board of Directors of the Group reviews the capital structure on a periodical
basis. The Group manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of
the financial covenants.
The capital structure is as follows:
(Rs. Crore)

Particulars As at 31 March 2021 As at 31 March 2020 As at 1 April 2019

Total equity attributable to the shareholders of the Group 7,544.61 5,595.98 3,956.67

As a percentage of total capital 82.43% 96.30% 97.45%

Short term borrowings 1,351.81 - 5.67

Lease liabilities (including current portion of lease liabilities) 255.93 215.13 97.18

Non-current borrowings (including current maturities) - - 0.84

Total borrowings 1,607.74 215.13 103.69

111
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

As a percentage of total capital employed 17.57% 3.70% 2.55%

Total capital employed 9,152.35 5,811.11 4,060.36

Gearing Ratio
The Group monitors capital on the basis of the following gearing ratio:
Net debt (Total borrowings net of cash and cash equivalents) divided by Total equity (as shown in Balance sheet)
The gearing ratio at the end of the reporting period was as follows:
(Rs. Crores)

Particulars As at 31 March 2021 As at 31 March 2020 As at 1 April 2019

Borrowings 1,351.81 - 6.51

Cash and cash equivalents (2,675.43) (645.57) (468.70)

Adjusted Net Debt (A) (1,323.62) (645.57) (462.19)

Total Equity (B) (7,544.61) (5,595.98) (3,956.67)

Note: Since net debt is negative, gearing ratio is not relevant


45. Money received against share warrants
In accordance with the Board Resolution dated 21 December 2017 and 17 September 2019 and the share-cum-warrant subscription agreement
dated 16 March, 2019 entered into by the group and Bennett, Coleman & group Limited (BCCL), the Group issued 5 warrants for a total
consideration of Rs. 3.90 crores which represents 10% of the application money. The warrants may be converted into such number of equity
shares on payment of balance amount at any time post completion of 3 years but within a period of 5 years from the date of issue of warrants as
determined by the valuation on the date of conversion in accordance with the terms of the agreement. In the event the warrants are not
converted into shares within the said period, the Group is eligible to forfeit the amounts received towards the warrants. As on date, BCCL holds
10 share warrants and no conversion has occurred.
47 Following is the share of net assets and the profit or loss of the entities which have been consolidated for preparation of the consolidated
financial statements of Think & Learn Private Limited for the financial year ended 31 March, 2021:

Net assets i.e.


Share in other Share in total
total assets Share in
Name of the entity comprehensive comprehensi
minus total profit or loss
income ve income
liabilities

As a % of As a % of As a % of As a % of
Amount consolidated net Amount consolidated Amount consolidated Amount consolidated
assets Profit or loss profit or loss profit or loss

Parent

Think & Learn Private


5,884.93 75.09% (2,831.53) 67.69% (2.26) 9.37% (2,833.79) 67.35%
Limited

Indian subsidiaries

Span Thoughtworks
9.01 0.11% (0.11) 0.00% - 0.00% (0.11) 0.00%
Private Limited

Specadel Technologies
0.17 0.00% (4.00) 0.10% (0.01) 0.04% (4.01) 0.10%
Private Limited

Byju's K3 Education
647.10 8.26% (0.39) 0.01% (0.04) 0.17% (0.43) 0.01%
Private Limited

Whitehat Education
512.51 6.54% (1,118.25) 26.73% (0.57) 2.36% (1,118.82) 26.59%
Technology Private Limited

Foreign subsidiaries

Byju's INC 448.73 5.73% (1.52) 0.04% (11.39) 47.24% (12.91) 0.31%

Tangible Play Inc. 332.13 4.24% (227.42) 5.44% (9.83) 40.77% (237.25) 5.64%

Byjus Pte Ltd 2.58 0.03% (0.15) 0.00% (0.01) 0.04% (0.16) 0.00%

Total 7,837.16 100.00% (4,183.37) 100.00% (24.11) 100.00% (4,207.48) 100.00%

Non controlling interest

Whitehat Education
(292.55) (381.01) (0.26) (381.27)
Technology Private Limited

Grand Total 7,544.61 (4,564.38) (24.37) (4,588.75)

112
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

48. Below table summarizes the details of acquisitions made subsequent to March 31, 2021:
(Rs. Crores)

Consideration
settled till date of
Form of Purchase Date of Considerat
Companies acquired Nature of business Purchase Price adoption of these Payable on
Consideration agreement ion due
financial
statements

September
Aakash Educational Training and coaching for 23, 2022
4,813.74 Cash 03-04-2021 2,830.25 1,983.49
Services Limited competitive exams (refer note 3
below)

2,007.74 Equity - 2,007.74 On merger

Toppr Technologies Online test preparation


387.00 Cash 18-06-2021 387.00 -
Private Limited for competitive exams

779.19 Equity 404.30 374.89 On merger

Learning softwares on
Grade stack Learning
tablets and mobile 132.00 Cash 27-06-2021 132.00 -
Private Limited
phones.

313.61 Equity - 313.61 On merger

Great lakes E-learning


Industry oriented
services Private 694.00 Cash 16-07-2021 694.00 -
education services.
Limited

Great learning Industry oriented Cash through Various


1,282.00 16-07-2021 590.19 691.81
services Pte Limited education services. Subsidiary dates

695.96 Equity 695.96 -

Digital learning platforms Cash through


Epic! Creations Inc 845.00 Various dates 845.00 -
for kids Subsidiary

2,975.00 Equity 2,975.00 -

Educational Programming Cash through


Neuron Fuel Inc 306.00 Various dates 306.00 -
Platform for coding skills Subsidiary

712.00 Equity 712.00 -

Intap Labs Private Language Learning


80.28 Cash 17-11-2021 80.28 -
Limited Platform

80.28 Equity 80.28 -

Cash through
Geogebra GMBH Math coaching platform 96.46 14-03-2022 96.46 -
Subsidiary

93.24 Equity 93.24 -

Note : - The Parent is in process of finalizing the purchase price allocation in respect of the above acquisitions.
Further, the following are non adjusting subsequent events post March 31, 2021:
1. The Board of Directors of Parent have in their meeting dated August 19, 2021, approved a Scheme of Amalgamation of Aakash Educational
Services Limited ("Transferor Company") with Think & Learn Private Limited ("Transferee Company") and their respective shareholders and
creditors under Section 230 to 232, read with other applicable provisions of the Companies Act, 2013 and rules framed thereunder. The said
scheme has been filed with the National Company Law Tribunal ("NCLT") and is pending its approval as of date. The proposed appointed date
for the aforesaid amalgamation is April 01, 2021 or such other date as the NCLT may direct.
The amalgamation shall be given effect to in accordance with the aforesaid scheme on receipt of the necessary approvals from the NCLT.
2. Effective November 16, 2021, Byjus Inc, has merged with Epic! Creations Inc vide a certificate of merger.
3. As per the terms of the agreement for acquisition of Aakash Educational Services Limited, consideration to the extent of Rs.1,983 Crores was
due to be paid by the Company to the sellers in June, 2022. This has been deferred to September 23, 2022.
4.Post balance sheet date, the Parent has provided a guarantee to the extent of USD 1.2 Billion in respect of debt ("Term Loan B") raised in
November 2021 by its wholly owned step subsidiary, Byjus Alpha Inc. The terms of the debt are governed by the Credit and Guaranty Agreement
dated November 24, 2021 ("the Credit Agreement") entered into between the parties. The Parent has been legally advised that these financial
statements for the year ended March 31, 2021 and the audit opinion thereon do not have a bearing on the covenants prescribed in the aforesaid
Credit Agreement.
49. The new Code on Social Security, 2020 has been enacted, which could impact the contributions by the group towards Provident Fund and
Gratuity. The effective date from which the changes are applicable is yet to be notified and the rules are yet to be framed. The group will
complete its evaluation and will give appropriate impact in its financial statements in the period in which the Code becomes effective and the
related rules are published.

113
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

50. Pursuant to the COVID 19 pandemic, the parent had hardships not only in terms of business operations but also in terms of implementation
and operating effectiveness of certain internal controls over financial reporting during the year ended 31 March 2021. Further the parent
completed a number of acquisitions subsequent to the year ended 31 March 2021. These acquisitions required significant focus and efforts of the
parent in integrating and streamlining the operations of the various entities acquired. These resulted in delays in the preparation of the financial
statements for the year ended 31 March 2021 and accordingly, the Parent was not able to comply with Sections 96(1), 129(2) and 137(2) of the
Companies Act, 2013 for the year ended 31 March 2021. The parent was unable to lay the standalone and consolidated financial statements
before the shareholders in the Annual General Meeting (“AGM”) within the stipulated time prescribed as per the Act. The parent had applied to
the Registrar of Companies, Bangalore (“RoC’) for an extension for holding the AGM till 20 December 2021, for which the approval was received.
The parent has accrued relevant provisions for the fines and penalties towards delays in complying with the applicable provisions of the
Companies Act. The parent will be applying for condonation of these delays with the Registrar of Companies ("ROC").
51. Approval of financial statements
The consolidated financial statements were approved for issue by the Parent's Board of Directors on 30 August 2022

114
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[500100] Notes - Subclassification and notes on income and expenses

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Disclosure of revenue from operations [Abstract]
Textual
Disclosure of notes on revenue from operations explanatory [Text Block] Information (21)
Disclosure of revenue from operations for other than finance company [Abstract]
Revenue from sale of products 2,280.26 2,188.99
Revenue from sale of services 0 0
Total revenue from operations other than finance company 2,280.26 2,188.99
Total revenue from operations 2,280.26 2,188.99
Disclosure of other income [Abstract]
Textual
Disclosure of notes on other income explanatory [Text Block] Information (22)
Interest income [Abstract]
Interest income on current investments [Abstract]
Interest on fixed deposits, current investments 47.00 45.14
Interest on current debt securities 5.94 14.39
Interest on other current investments 2.08 1.18
Total interest income on current investments 55.02 60.71
Total interest income 55.02 60.71
Dividend income [Abstract]
Total dividend income 0 0
Net gain/loss on sale of investments [Abstract]
Net gain/loss on sale of current investments 93.83 83.41
Total net gain/loss on sale of investments 93.83 83.41
Other non-operating income [Abstract]
Net gain (loss) on foreign currency fluctuations treated as other income [Abstract]
Net gain (loss) on foreign currency translation 0.83 18.30
Total net gain/loss on foreign currency fluctuations treated as other income 0.83 18.30
Miscellaneous other non-operating income (A) -1.55 (B) 160.36
Total other non-operating income -0.72 178.66
Total other income 148.13 322.78
Disclosure of finance cost [Abstract]
Textual
Disclosure of notes on finance cost explanatory [Text Block] Information (23)
Interest expense [Abstract]
Interest expense borrowings 14.71 0.79
Interest lease financing (C) 6.63 (D) 6.03
Other interest charges (E) 27.98 0
Total interest expense 49.32 6.82
Other borrowing costs (F) 12.23 (G) 6.90
Total finance costs 61.55 13.72
Employee benefit expense [Abstract]
Textual
Disclosure of notes on employee benefit expense explanatory [Text Block] Information (24)
Salaries and wages (H) 1,443.35 (I) 386.13
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Employee share based payment [Abstract]
Employee share based payment- Equity settled 466.67 0.82
Total employee share based payment 466.67 0.82
Gratuity 17.78 9.48
Staff welfare expense 15.50 23.83
Total employee benefit expense 1,943.30 420.26
Depreciation, depletion and amortisation expense [Abstract]
Textual
Disclosure of notes on depreciation, depletion and amortisation expense explanatory [Text Block] Information (25)
Depreciation expense (J) 91.23 (K) 64.34
Amortisation expense 303.33 167.54
Total depreciation, depletion and amortisation expense 394.56 231.88
Breakup of other expenses [Abstract]
Textual
Disclosure of notes on other expenses explanatory [Text Block] Information (26)
Consumption of stores and spare parts 0 0

115
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Power and fuel 9.30 12.40


Rent 50.79 46.95
Repairs to building 6.54 5.16
Repairs to machinery 19.23 15.89
Insurance 5.09 3.11
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 347.95 59.91
Total rates and taxes excluding taxes on income 347.95 59.91
Printing stationery 1.70 3.71
Travelling conveyance 31.51 65.26
Legal professional charges 667.14 574.49
Safety security expenses 5.23 5.08
Directors sitting fees 0 0
Donations subscriptions 1.52 1.05
Bank charges 4.15 3.48
Advertising promotional expenses 2,250.94 899.34
Cost transportation [Abstract]
Cost freight 32.10 23.05
Total cost transportation 32.10 23.05
Cost royalty 32.90 14.71
Net provisions charged [Abstract]
Other provisions created (L) 4.38 0
Total net provisions charged 4.38 0
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of depreciable property plant and equipment 0 0
Payments to auditor [Abstract]
Payment for audit services 4.50 0.73
Payment for taxation matters 0.64 0.70
Payment for other services 0.49 0.26
Payment for reimbursement of expenses 0.17 0.06
Total payments to auditor 5.80 1.75
CSR expenditure 0 0
Miscellaneous expenses (M) 575.40 (N) 17.73
Total other expenses 4,051.67 1,753.07
Current tax [Abstract]
Current tax pertaining to current year 0.65 0.07
Total current tax 0.65 0.07

Footnotes

(A)

(Rs. Crores) Net gain on assets measured at fair value through profit or loss (FVTPL) – (8.29) Lease concession income – 0.69 Interest on
income tax refund – 0.34 Other income – 5.71

(B) (Rs. Crores) Net gain on assets measured at fair value through profit or loss (FVTPL) – 28.72 Other income – 131.64

(C)

Interest expense on lease liabilities (Refer Note 39(ii)) - 12.35 Less: Amounts transferred to intangibles under development (Refer Note 6 (b))-
(5.72)

(D)

Interest expense on lease liabilities (Refer Note 39(ii)) - 10.77 Less: Amounts transferred to intangibles under development (Refer Note 6 (b))-
(4.74)

(E) Interest on delayed payment of statutory dues- 27.97 Interest on delayed payment to micro enterprises and small enterprises- 0.01

(F) Factoring cost- 1.79 Finance cost relating to financial liability under option arrangement- 10.44

(G) Factoring cost- 6.90

(H)

Salary, wages and bonus- 1760.28 Contribution to provident and other funds (refer note 31(b))- 59.80 Less: Amounts transferred to intangibles
under development (refer note 6(b))- (376.73)

(I)

Salary, wages and bonus- 885.61 Contribution to provident and other funds (refer note 31(b))- 59.80 Less: Amounts transferred to intangibles
under development (refer note 6(b))- (526.34)

(J)

116
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

a) Depreciation of Property, Plant and Equipment (Refer note 3)- 35.67 b) Depreciation of Right-of-use assets (Refer note 4)- 80.40 Less:
Amounts transferred to intangibles under development from (b) above (refer note 6 (b))- (24.84)

(K)

a) Depreciation of Property, Plant and Equipment (Refer note 3)- 24.35 b) Depreciation of Right-of-use assets (Refer note 4)- 56.53 Less:
Amounts transferred to intangibles under development from (b) above (refer note 6 (b))- (16.54)

(L) Provision for doubtful security deposits

(M)

Communication expenses- 50.07 Boarding and lodging- 28.39 Conveyance and cab charges- 35.52 Sponsorship expenses- 128.06
Commission- 237 Gateway Charges- 22.28 IT Expenses- 54.21 Subscription charges- 73.35 Allowance for expected credit loss- 32.43 Bad debts
written off-0.07 Provision for doubtful advances- 6.80 Exchange difference (net)- 1.09 Miscellaneous expenses- 17.37 Less: Amounts transferred
to intangibles under development (Refer Note 6 (b))- (408.94) Teachers' fees- 297.70

(N)

Communication expenses- 14.32 Boarding and lodging- 79.17 Conveyance and cab charges- 121.98 Sponsorship expenses- 160.18
Commission- 115.01 Gateway Charges- 7.89 Subscription charges- 19.33 Allowance for expected credit loss- 22.30 Bad debts written off- 20.51
Less - Provision carried in earlier years- (12.09) Security deposit written off- 1.09 Goodwill written off (refer note 5)- 0.24 Provision for doubtful
advances- 9.63 Miscellaneous expenses- 9.65 Less: Amounts transferred to intangibles under development (Refer Note 6 (b))- (551.48)

Textual information (21): Disclosure of notes on revenue from operations explanatory [Text Block]

24. Revenue from operations


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Revenue from operations

Course fee 320.61 -

- Streaming services 108.47 145.17

- Sale of Edutech products 1848.74 2,043.52

- Educational content development services 0.17 0.30

- Other Operating Revenue 2.27 -

Total 2,280.26 2,188.99

(i) Revenues from transfer of products to certain customers made under deferred payment terms and totalling to Rs. 1,156.27 Crores (based on
consideration that the Parent is entitled for such transfers) has not been recognised because on the point of these transfers the Parent did not
meet the criteria that it was probable it will collect the consideration to which it is entitled. Revenues from these transfer of products will be
recognised when substantially all of the consideration is received by the Parent or when the deferred payment terms expire because of default or
any non-performance by the customer and to extent any consideration received is non-refundable. The cost of the products amounting to Rs.
109.18 crores has been expensed in Statement of profit and loss.
The Parent has incurred direct selling costs in the form of employee incentives and customer referral incentives in respect of the aforesaid sales
which has also been charged off to the Statement of profit and loss..
Goods and Service Taxes (GST) paid/payable on the sales has been fully discharged by the parent during the year ended March 31, 2021. On
deferral of recognition of revenue in the absence of probability of collections, the consideration recoverable from the customer towards GST
amounting to Rs. 208.14 Crores has not been carried as an asset in the balance sheet. The same shall be recorded as income as and when
consideration towards the sales (including GST) is collected from the customer.
During the year ended March 31, 2021, the Parent had assigned future installments receivable from customers aggregating to Rs. 1,061 crores
to certain parties in connection with the deferred revenues above. The amounts received (net of charges and repayment) on such assignment
have been disclosed as short term loans (refer note 20), after considering repayments made upto March 31, 2021.
(ii) Revenues from sale of educational content to customers based in the Gulf Cooperation Council (GCC) countries amounts to Rs. 497 Crores
(Rs. 245 Crores in the year ended March 31,2020). All sales of the Parent to these customers are invoiced on an unrelated entity located out of
Dubai (refer note 2.4a(ii)). The Parent pays the aforesaid entity, a commission on such sales. Commission paid/payable during the year Rs. 237
Crores (Previous year ended March 31, 2020 Rs. 115.01 crores) have been disclosed under Commission expenses in the Statement of Profit
and Loss.

Textual information (22): Disclosure of notes on other income explanatory [Text Block]

25. Other income


(Rs. Crores)

117
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Interest income on financial assets carried at amortised cost

- on bank deposits 47.00 45.14

- on financial assets carried at amortised cost 2.08 1.18

- on unsecured loan (includes Rs. 32.81 Crores from subsidiaries - refer note
32.88 3.87
38)

Income on financial assets carried at FVTPL

- Interest on bonds 5.94 14.39

- profit on sale of current investments 93.83 83.41

- net gain on assets measured at fair value through profit or loss (FVTPL) (8.29) 28.72

Lease concession income 0.69 -

Interest on income tax refund 0.34 -

Foreign exchange gain (net) 0.83 18.30

Other income 5.71 131.64

Total 148.13 322.78

Note: Other income for the year ended 31 March 2020 includes facilitation fees of Rs. 128.58 crores, which represents one-time non-refundable
consideration for contractual settlements.

Textual information (23): Disclosure of notes on finance cost explanatory [Text Block]

28. Finance costs


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Interest expense on borrowings 14.71 0.79

Interest expense on lease liabilities (Refer Note 39 (ii)) 12.35 10.77

Less: Amounts transferred to intangibles under development (Refer Note 6


(5.72) (4.74)
(b))

6.63 6.03

Factoring cost 1.79 6.90

Finance cost relating to financial liability under option arrangement 10.44 -

Interest on delayed payment of statutory dues 27.97 -

Interest on delayed payment to micro enterprises and small enterprises 0.01 -

Total 61.55 13.72

Textual information (24): Disclosure of notes on employee benefit expense explanatory [Text Block]

27. Employee benefits expense


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Salary, Wages and Bonus 1,760.28 885.61

Contribution to Provident Fund and other funds (Refer Note 31(a) ) 59.80 26.86

Less: Amounts transferred to intangibles under development (Refer


(376.73) (526.34)
Note 6 (b))

1443.35 386.13

Share based payment to employees (Refer Note 46) 466.67 0.82

118
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Gratuity (Refer Note 31(b)) 17.78 9.48

Staff Welfare Expenses 15.50 23.83

Total 1,943.30 420.26

Textual information (25): Disclosure of notes on depreciation, depletion and amortisation expense explanatory [Text
Block]

29. Depreciation and amortisation expense


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

a) Depreciation of Property, Plant and Equipment (Refer note 3) 35.67 24.35

b) Depreciation of Right-of-use assets (Refer note 4) 80.40 56.53

Less: Amounts transferred to intangibles under development from (b)


(24.84) (16.54)
above (refer note 6 (b))

55.56 39.99

c) Amortisation of intangible assets (Refer note 6 (a)) 303.33 167.54

Total 394.56 231.88

Textual information (26): Disclosure of notes on other expenses explanatory [Text Block]

30. Other expenses


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Power charges 9.30 12.40

Rent 50.79 46.95

Repairs and maintenance

- Buildings 6.54 5.16

- Others 19.23 15.89

Insurance 5.09 3.11

Communication expense 50.07 14.32

Travelling expense 31.51 65.26

Boarding and lodging 28.39 79.17

Conveyance and cab charges 35.52 121.98

Printing and stationery 1.70 3.71

Freight and forwarding expenses 32.10 23.05

Sponsorship expenses 128.06 160.18

Commission 237.00 115.01

Donations and contributions 1.52 1.05

Gateway charges 22.28 7.89

IT Expenses 54.21 -

Legal and professional fees (refer note B) 672.94 576.24

Allowance for expected credit loss 32.78 18.83

Provision for doubtful security deposits 4.38 -

Subscription charges 73.35 19.33

Allowance for expected credit loss 32.43 22.30

119
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Bad debts written off 0.07 20.51

Less - Provision carried in earlier years - (12.09)

Net bad debts written off 0.07 8.42

Security deposit written off - 1.09

Rates and taxes (refer note A(iii) below) 347.95 59.91

Goodwill written off (refer note 5) - 0.24

Bank charges 4.15 3.48

Provision for doubtful advances 6.80 9.63

Royalty expenses 32.90 14.71

Exchange difference (net) 1.09 -

Security charges 5.23 5.08

Miscellaneous expenses 17.37 9.65

Less: Amounts transferred to intangibles under development (Refer


(408.94) (551.48)
Note 6 (b)

Total 1,503.03 853.73

Note A: (i) The group has not made any contribution to political parties.
(ii) As per Section 135 of the Companies Act, 2013, a group, meeting the applicability threshold, needs to spend at least 2% of its average net
profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. However, considering the losses
incurred in the past, no expense has been accrued for CSR in the current year.
Gross amount required to be spent by the group during the year is Rs. Nil; and amount spent during the year - Nil
(iii) The Directorate General of GST Intelligence (Authority) finalized the investigation on February 18, 2021 against books supplied during the
period July 2017 to October 2020. This has resulted in payment of GST of Rs. 96.17 crores, interest of Rs. 27.95 crores and penalty of Rs. 14.43
crores. The Authority has concluded the investigation without issuing show cause notice since the GST liability was accepted and paid by the
Parent.
Note B: Legal and professional charges includes payment to auditors as follows:
(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

(a) Payment to auditors

- for statutory audit (refer note i below) 4.50 0.73

- for certificates 0.49 0.26

- for tax audit - 0.12

(b) for taxation services (refer note ii below) 0.64 0.58

(c) for reimbursement of expenses 0.17 0.06

Total 5.80 1.75

Note:
i. For the year ended 31 March 2021, Statutory audit fees includes Rs. 3.5 Crores towards the additional effort incurred in the audit consequent to
material weaknesses observed in internal controls.
ii. The above includes Rs. 0.64 crores (Previous year : Rs. 0.58 crores) paid to a firm affiliated to the statutory auditors firm through a networking
arrangement as registered with the Institute of Chartered Accountants of India.

120
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Additional information on profit and loss account explanatory [Text Block] Information (27)
Additional information on profit and loss account [Abstract]
Material income and expense [Abstract]
Write-downs (reversals of write-downs) of property, plant and equipment [Abstract]
Impairment loss recognised in profit or loss, property, plant and equipment 0 0
Reversal of impairment loss recognised in profit or loss, property, plant and equipment 0 0
Miscellaneous other comprehensive income [Abstract]
Other Comprehensive income, attributable to owners of parent -24.11 73.81
Other Comprehensive income, attributable to non-controlling interests -0.26 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade [Abstract]
Changes in inventories of stock-in-trade -198.25 -3.36
Total changes in inventories of finished goods, work-in-progress and stock-in-trade -198.25 -3.36
Breakup of revenue as export and domestic [Abstract]
Revenue from sale of products [Abstract]
Domestic turnover goods, gross [Abstract]
Domestic sale traded goods 987.67 1,603.65
Total domestic turnover goods, gross 987.67 1,603.65
Export turnover goods, gross [Abstract]
Export sale traded goods 1,292.59 585.34
Total export turnover goods, gross 1,292.59 585.34
Total revenue from sale of products 2,280.26 2,188.99
Revenue from sale of services [Abstract]
Total revenue from sale of services 0 0
Gross value of transaction with related parties 0 0
Bad debts of related parties 0 0

Textual information (27): Additional information on profit and loss account explanatory [Text Block]

26. Changes in inventories of edutech products


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Inventories at the beginning of the year 54.23 50.87

Less: Inventories at the end of the year 252.48 54.23

(Increase)/decrease in Inventories (198.25) (3.36)

121
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure of significant accounting policies [Text Block] Information (28)

Textual information (28): Disclosure of significant accounting policies [Text Block]

2. Summary of significant accounting policies


2.1 Statement of compliance
The consolidated financial statements of the Group have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 read
with section 133 of the Companies Act, 2013.
2.2 Basis of preparation and presentation
The consolidated financial statements have been prepared on accrual basis under the historical cost convention except for certain financial
assets and liabilities that are measured at fair value as required by relevant Ind AS.
The Parent's consolidated financial statements are presented in Indian Rupees, which is also its functional currency.
These consolidated financial statements were approved for issue in accordance with the resolution of the Board of Directors on 30 August 2022.
2.3 Basis of consolidation
The consolidated financial statements include the financial statements of the Parent and entities controlled by it. Consolidation of a subsidiary
begins when the Parent obtains control over the subsidiary and ceases when the Parent loses control over the subsidiary. Specifically, income
and expenses of a subsidiary acquired or disposed off during the year are included in the consolidated statement of profit and loss from the date
the Parent gains control until the date the Parent ceases to control the subsidiary.
The consolidated financial statements have been prepared in accordance with Indian Accounting Standard - 110 on “Consolidated Financial
Statements” as follows:
The financial statements of the subsidiary companies are drawn up to the same reporting date as that of the Parent.
All intragroup assets and liabilities equity, income, expenses, and cash flows relating to transactions between members of the Group are
eliminated in full on consolidation.
When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with that of the Group.
The difference between the costs of investments in the Subsidiaries over the net assets at the time of acquisition of shares in the Subsidiaries is
recognized in the Consolidated Financial Statements as Goodwill or Capital Reserve as the case may be.
Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit and loss,
consolidated statement of changes in equity and consolidated balance sheet respectively.
The consolidated financial statements include following entities that are controlled by the Parent as at 31 March 2021:

Country of
Name of the group Relationship Ownership held by % of
Incorporation

Specadel Technologies Private Limited Subsidiary India Think and Learn Private Limited 100%

Span Thoughtworks Private Limited Subsidiary India Think and Learn Private Limited 100%

Byju's K3 Education Private Limited Subsidiary India Think and Learn Private Limited 100%

Byju's Inc. Subsidiary USA Think and Learn Private Limited 100%

Tangible Play Inc. Subsidiary USA Think and Learn Private Limited 100%

Byju's Pte Limited Subsidiary Singapore Think and Learn Private Limited 100%

Whitehat Education Technology


Subsidiary India Think and Learn Private Limited 76%
Private Limited

2.4 Use of estimates and judgement


The preparation of the consolidated financial statements in accordance with Ind AS requires the management to make informed judgements,
reasonable assumptions and estimates that affect the application of accounting policies and the reported amount of assets and liabilities,
revenues and expenses and disclosure of contingent liabilities. The uncertainty about these could result in outcomes that require a material
adjustment to the carrying amount of assets or liabilities affected in the future periods. These assumptions and estimates are reviewed
periodically based on the most recently available information. Revisions to accounting estimates are recognized prospectively in the Statement of
Profit and Loss in the period in which the estimates are revised and in any future periods affected.
a. Revenue Recognition:
(i) Judgement around assessment of probability of collection
In certain sale contracts with customers, the Group provides extended credit terms to customers. In evaluating whether collectability of the
consideration is probable, judgment is involved in assessing the customer’s ability and intention to pay the consideration when it is due.
(ii) Sale to retail customers in the Gulf Cooperation Council (GCC) countries

122
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

In respect of sales to retail customers in the Gulf Cooperation Council (GCC) countries, the Parent invoices all its sales to an unrelated entity
(“Counter party”) located in Dubai and also pays the Counter party , sales commission. Judgement is required to determine whether the Counter
party is an agent. Under the arrangement with the Counter party:
- the Parent provides educational content only after a retail customer is identified by the Counter party.
- the Counter party does not have a right to redirect the Group's products to any other customers without getting instructions from the Parent.
- the Parent continues to be responsible to compensate the end customer in cases of product returns.
The Parent has concluded that the Counter party is an agent and accordingly records the commission expense and the sales on a gross basis.
Refer note 24(ii).
(iii) Estimation of fair value of Guarantees given to Loan Partners
The Parent provides guarantees to Loan partners on behalf of its customers who avail loans from the Loan partners (refer note 2.6(iv)). The fair
value of guarantee in such cases is determined based on the probability of default by the Parent's customers in servicing the Loan partners and
is based on historical default rate and expectations of future conditions. Also refer Note 18(b).
(iv) In cases where the contracts with customers includes promise to transfer multiple products and services (course material and tuition
services), judgement is required to determine whether each product or service promised to a customer is capable of being distinct, and is distinct
in the context of the contract. If the product or service is not distinct, the promised product or service is combined and accounted as a single
performance obligation.
b. Impairment Testing:
Goodwill and intangible assets under development are tested for impairment at least annually and when events occur or changes in
circumstances indicate that the recoverable amount of an asset or a cash generating unit to which the asset pertains, is less than the carrying
value. The Group assesses intangible assets with finite useful life for impairment whenever events or changes in circumstances indicate that the
carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in use and fair value
less cost of disposal. The calculation of value-in-use of an asset or a cash generating unit involves use of significant estimates and assumptions
which include revenue projections growth rates, net margins used to calculate projected future cash flows, risk adjusted discount rate, future
economic and market conditions.
c. Fair value of equity-settled share-based transaction
Estimating fair value for share-based payment transactions requires determination of the fair value of shares on grant date and valuation model
to determine option value, which depends on the terms and conditions of the grant. This estimate also requires determination of the most
appropriate inputs to the valuation model including the expected life of the share option, volatility and dividend yield and making assumptions
about them. The group measures the fair value of equity-settled transactions with employees at the grant date using Black-Scholes model.
The assumptions for estimating fair value for share-based payment transactions are disclosed in Note 46
2.5 Functional and presentation currency
Items included in the consolidated financial statements of the Group are measured using the currency of the primary economic environment in
which the Group operates (i.e. the “functional currency”). The consolidated financial statements are presented in Indian Rupees, the national
currency of India, which is the functional currency of the Parent.
2.6 Revenue Recognition
(i) Revenues from customer contracts are considered for recognition and measurement when the contract has been approved by the parties to
the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally
enforceable. Revenue is recognised upon transfer of control of promised products or services to customers in an amount that reflects the
consideration the Group expects to receive in exchange for those products or services. To recognise revenues, the Group applies the following
five step approach:
(1) identify the contract with a customer,
(2) identify the performance obligations in the contract,
(3) determine the transaction price,
(4) allocate the transaction price to the performance obligations in the contract, and
(5) recognise revenues when a performance obligation is satisfied. When there is uncertainty as to collectability, revenue recognition is deferred
to a point in time when substantially all of the promised consideration has been collected from the customer and the consideration is non
refundable.
(ii) The Group in its normal course of business sells Educational content to its customers via SD cards (categorised as Sale of Edutech products)
and provides the content in the form of Streaming services (categorised as Sale of services).
In the case of Sale of content via SD cards, the Group does not have any continuing performance obligations once the content filled SD cards are
made available to the customers. The Sale of Edutech products (which includes sale of tablets) are recognised at a point in time.
In the case of sale of educational content in the form of Streaming services, revenue is recognised over the period of time the services are
rendered to the customers.
(iii) Sale of Edutech products to customers primarily involves 3 modes of settlement by customers:
(a) where the customer pays all the consideration upfront.
(b) where the customer chooses to take a loan from a Loan partner (refer note (iv) below)
(c) where the Parent provides extended credit terms (refer (v) below).
(iv) In cases where the customer takes a loan from the Loan partners, the customer makes a down payment to the Parent and the balance
consideration is settled by the Loan partner. The Parent receives the balance consideration from the Loan partner net of subvention costs
charged by the Loan partner to the Parent. The subvention costs being in the nature of interest paid on behalf of customers are netted off against
revenue.
Under the aforesaid arrangements with Loan partners, the Parent has provided guarantees (First Loss Default Guarantees (FLDG)) to the Loan
partners and is obligated to reimburse the Loan partners for any monthly instalments that remain uncollected by the Loan partner and stay

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

overdue for a prescribed period (which typically ranges between “overdue for 75 days or 90 days” across the arrangements with the Loan
partners). The Parent estimates fair value of the aforesaid guarantee obligations and accrues for the same.
The difference between the consideration received by the Parent from the (i) customer and the Loan partner and (ii) the fair value of the
guarantee at the time of entering into the contract with the customer is recognised as revenue. The estimates of the fair value of guarantee are
revisited at the end of every period closing and any changes in the fair value are accounted for as a change in the estimates.
(v) In cases where the customers are provided deferred payment terms by the Parent the customers are required to pay a part of the
consideration (“down payment”), at the time the customers buys the product / services and the customers are also required to register an e-Nach
mandate in favour of the Parent. Post payment of the down payment, the customer pays the balance consideration over the contract period (in
monthly instalments which typically range from 3 months to 12 months).
In such cases, the Parent determines whether the terms of sale indicate the existence of a contract under the provisions of Ind AS 115 - Revenue
from Contracts with Customers, with particular reference to whether there is a probability of collection of the consideration. Also refer Note 24(i).
(vi) In cases where the contracts with customers includes promise to transfer multiple products and services (course material and tuition
services), the Group evaluates whether each product or service promised to a customer is capable of being distinct, and is distinct in the context
of the contract. If the product or service is not distinct, the promised product or service is combined and accounted as a single performance
obligation. Also refer note 2.4(iv).
(vii) Revenue relating to course fees is recognized proportionately based on the number of class availed vs total number of class expected to be
availed.
(viii) Revenue from other services - Income is recognised as and when such services are performed.
2.7 Property, plant and equipment
Tangible assets are carried at cost less accumulated depreciation and impairment losses, if any. The cost of tangible assets comprises its
purchase price net of any trade discounts and rebates, any import duties and other taxes (other than those subsequently recoverable from the
tax authorities), any directly attributable expenditure on making the asset ready for its intended use, other incidental expenses.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the
continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the
difference between the sales proceeds and the carrying amount of the asset and is recognised in the statement of profit and loss.
2.8 Intangible assets
Acquired Intangible Assets
Intangible assets that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are
reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.
Internally generated intangible assets
An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and
only if, all of the following have been demonstrated:
• the technical feasibility of completing the intangible asset so that it will be available for use or sale;
• the intention to complete the intangible asset and use or sell it;
• the ability to use or sell the intangible asset;
• how the intangible asset will generate probable future economic benefits;
• the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and
• the ability to measure reliably the expenditure attributable to the intangible asset during its development.
The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible
asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognised, development
expenditure is recognised in statement profit and loss in the period in which it is incurred.
Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated
impairment losses, on the same basis as intangible assets that are acquired separately.
2.9 Depreciation & amortization
Depreciable amount for assets is the cost of an asset, or other amount substituted for cost, less its estimated residual value.
Depreciation on property, plant and equipment has been provided on the straight-line method as per the useful life prescribed in Schedule II to
the Companies Act, 2013 except in respect of the following categories of assets, in whose case the life of the assets has been assessed as
under based on technical advice, taking into account the nature of the asset, the estimated usage of the asset, the operating conditions of the
asset, past history of replacement, anticipated technological changes, manufacturers warranties and maintenance support, etc.:

Asset category Useful life

Office equipment other than mobile handsets 5 years

Office equipment - mobile handsets 3 years

Furniture and Fixtures 10 years

Leasehold improvements Primary period of the lease

Leasehold improvements are depreciated over the lease term.


Intangible assets are amortised in the Statement of Profit and Loss over their estimated useful lives on straight line method, from the date that
they are available for use. The Group amortises its intangible assets as follows:

Asset category Useful life

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Acquired software 6 years

Technology platform and content 10 years

Trademarks, Patents and Brands 5 years

Teacher network and other acquired intangibles 5 years

Technical know-how 5 years

Internally generated intangibles:

Byju's Learning App(s) 5 years

The estimated useful life of the intangible assets and the amortisation period are reviewed at the end of each financial year and the amortisation
period is revised to reflect the changed pattern, if any.
2.9 Financial Instruments
Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instruments.
Financial assets (except investments in subsidiaries) and financial liabilities are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value
through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are
recognised immediately in the statement of profit and loss.
A) Financial assets:
Cash and Cash equivalents
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term (with an original maturity of three months or
less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to
insignificant risk of changes in value.
Financial assets at amortised cost
Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model whose objective is to
hold these assets in order to collect contractual cash flows and contractual terms of financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.
Financial Assets at fair value through other comprehensive income ("FVTOCI")
Financial assets are measured at fair value through other comprehensive income if these financial assets are held within business model whose
objective is achieved by both collecting contractual cash flows on specified dates that are solely payments of principal and interest on the
principal amount outstanding and selling financial assets.
Financial assets at fair value through profit or loss ("FVTPL")
Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or fair value through other
comprehensive income on initial recognition. The transaction cost directly attributable to the acquisition of financial assets and liabilities at fair
value through profit or loss are immediately recognised in the statement of profit and loss.
Impairment and derecognition of financial assets:
The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial
asset and substantially all the risks and rewards of the ownership of the asset to another party. On derecognition of a financial asset in its
entirety, the difference between the asset carrying amount and the sum of the consideration received and receivable is recognised in the
statement of profit and loss.
The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets which are not fair valued through profit
or loss. Loss allowance for trade receivables with no significant financing component is measured at an amount equal to lifetime ECL. For all
other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant
increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance based on
history of collections, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting
period.
Interest income is recognized as it accrues using effective interest method.
Dividend is accounted for when the right to receive it is established.
B) Financial liabilities and equity:
Financial liabilities at amortised cost
Financial liabilities represented by borrowings, trade payables and other payables are initially recognized at fair value, and subsequently are
measured at amortised cost using effective interest method. For trade and other payables maturing within one year from the balance sheet date,
the carrying amounts approximate fair value due to the short maturity of these instruments.
Equity Instruments:
An equity instrument is a contract that evidences residual interest in the assets of the Group after deducting all of its liabilities. Equity instruments
recognised by the Group are recognised at the proceeds received net of direct issue costs.
Derecognition of financial liabilities
The Group derecognises financial liabilities when, and only when, the Group's obligations are discharged, cancelled or have expired. The
difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in the
statement of profit and loss.
2.11 Foreign Currency transactions and translations

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities
denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.
Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the extent
of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are directly attributable to the
acquisition or construction of qualifying assets, are capitalized as cost of assets.
Non-monetary assets and liabilities that are measured in terms of historical cost in foreign currencies are not retranslated. Income and expense
items in foreign currency are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that
period, in which case the exchange rates at the dates of the transactions are used.
2.12 Employee Benefits
Employee benefits include provident fund, employee state insurance scheme, gratuity fund, compensated absences.
Defined Contribution Plans:
The Group's contribution to provident fund and employee state insurance scheme are considered as defined contribution plans and are charged
as an expense based on the amount of contribution required to be made and when services are rendered by the employees.
Defined Benefit Plans:
For defined benefit retirement benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial
valuations being carried out at the end of each annual reporting period. Remeasurement, comprising actuarial gains and losses and the return on
plan assets (excluding net interest), is reflected immediately in the balance sheet with a charge or credit recognised in other comprehensive
income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected immediately in retained
earnings and is not reclassified to the statement of profit and loss. Past service cost is recognised in the statement of profit and loss in the period
of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or
asset. Defined benefit costs are categorised as follows:
a) service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements);
b) net interest expense or income; and
c) remeasurement.
The Group presents the first two components of defined benefit costs in the statement of profit and loss in the line item ‘Employee benefits
expense’. Curtailment gains and losses are accounted for as past service cost. Remeasurement impact is accounted in Other Comprehensive
Income (OCI).
Short-term employee benefits:
The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees are
recognised during the year when the employees render the service. These benefits include performance incentive and compensated absences
which are expected to occur within twelve months after the end of the period in which the employee renders the related service.
The cost of short-term compensated absences is accounted as under:
(a) in case of accumulated compensated absences, when employees render the services that increase their entitlement of future compensated
absences; and
(b) in case of non-accumulating compensated absences, when the absences occur.
Long-term employee benefits:
Compensated absences which are not expected to occur within twelve months after the end of the period in which the employee renders the
related service are recognised as a liability at the present value of the defined benefit obligation as at the balance sheet date less the fair value of
the plan assets out of which the obligations are expected to be settled. Long service awards are recognised as a liability at the present value of
the defined benefit obligation as at the balance sheet date.
2.13 Share based payments
Equity-settled share based payments to employees and other providing similar services are measured at the fair value of the equity instruments
at the grant date. Details regarding the determination of the fair value of equity-settled share based payment transactions are set out in note 46.
The fair value determined at the grant date of the equity-settled share based payments is expensed on a straight line basis over the vesting
period, based on the Group's estimate of equity instruments that will eventually vest, with a corresponding increase in equity. At the end of each
reporting period, the Group revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original
estimates, if any, is recognized in statement of profit and loss such that the cumulative expenses reflects the revised estimate, with a
corresponding adjustment to the Share based payments reserve.
The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.
2.14 Leases
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at
cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus
any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the
site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using
the Group's incremental borrowing rate. It is remeasured when there is a change in future lease payments arising from a change in an index or
rate, if there is a change in the Group's estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes
its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a
corresponding adjustment is made to the carrying amount of the right of-use asset, or is recorded in profit or loss if the carrying amount of the
right-of-use asset has been reduced to zero.
The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less
and leases of low-value assets. The Group recognises the lease payments associated with these leases as an expense over the lease term.

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

2.15 Earnings per share


Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss)
after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income
(net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for
deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all
dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net
profit per share or increase the net loss per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be
converted as at the beginning of the period, unless they have been issued at a later date. The dilutive potential equity shares are adjusted for the
proceeds receivable had the shares been actually issued at fair value (i.e. average market value of the outstanding shares). Dilutive potential
equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are
adjusted for share splits / reverse share splits and bonus shares, as appropriate.
2.16 Taxation
Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax
Act, 1961.
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all
taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is
probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and
liabilities are not recognised if the temporary difference arises from the initial recognition of assets and liabilities in a transaction that affects
neither the taxable profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable
that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group
expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future
income tax liability, is considered as an asset if there is convincing evidence that the Group will pay normal income tax. Accordingly, MAT is
recognised as an deferred tax asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Group
Current and deferred tax are recognised in the statement of profit and loss, except when they relate to items that are recognised in other
comprehensive income (OCI) or directly in equity, in which case, the current and deferred tax are also recognised in OCI or directly in equity
respectively.
2.17 Provisions and contingent liabilities
A provision is recognised when the Group has a present obligation as a result of past events and it is probable that an outflow of resources will
be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits and
compensated absences) are not discounted to their present value and are determined based on a best estimate required to settle the obligation
at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities
are disclosed in the Note 32. Contingent assets are not recognised in the consolidated financial statements.
2.18 Inventories
Inventories are valued at the lower of cost (on weighted average basis) and the net realizable value after providing for obsolescence and other
losses, where considered necessary. Cost includes all charges in bringing the goods to the point of sale, including octroi and other levies, transit
insurance and receiving charges.
Purchases of edutech products mainly represents books, SD Cards, tablets and tech embedded devices.
On transfer of inventory to customer, the cost of inventories is recognised as an expense in statement of profit and loss account.
2.19 Impairment
At the end of each reporting period, the Group reviews the carrying amounts of its tangible and intangible assets to determine whether there is
any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated
in order to determine the extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an individual asset,
the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of
allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest
group of cash-generating units for which a reasonable and consistent allocation basis can be identified.
Intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be
impaired.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset
(or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of profit and loss.
When an impairment loss subsequently reverses, the carrying amount of the asset (or a cash-generating unit) is increased to the revised
estimate of its recoverable amount, so that the increased carrying amount does not exceed the carrying amount that would have been
determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is
recognised immediately in the statement of profit and loss.
2.20 Segment reporting
Operating segments are reported in the manner consistent with the internal reporting to the chief operating decision maker (CODM). The Group
identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation and management structure.
The operating segments are the segments for which separate financial information is available and for which operating profit / loss amounts are

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance
Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship
to the operating activities of the segment.
2.21 Business combinations
Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. The
cost of an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the
date of acquisition, which is the date on which control is transferred to the Group. The cost of acquisition also includes the fair value of any
contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured
initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in
the fair value of the contingent consideration are recognized in the Consolidated Statement of Profit and Loss.
The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the
acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition,
the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of
subsequent changes in equity of subsidiaries.
The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and
initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect
the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is
derecognized. Business combinations between entities under common control is accounted for at carrying value of the assets and liabilities in the
Group’s Consolidated financial statements.
Transaction costs that the Group incurs in connection with a business combination such as legal fees, due diligence fees, and other professional
and consulting fees are expensed as incurred.
2.22 Operating Cycle
Based on the nature of products/ activities of the Group and the normal time between acquisition of assets and their realization in cash or cash
equivalents, the Group has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and
non-current.
2.23 Exceptional items
An item of income or expense which by its size, nature or incidence requires disclosure in order to improve an understanding of the performance
of the Group is treated as an exceptional item and disclosed separately in the financial statements.
2.24 Recent pronouncements
On March 24, 2021, the Ministry of Corporate Affairs (MCA ) through a notification, amended Schedule III of the Companies Act, 2013. The
amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. The Group is evaluating the effect of the
amendments on its financial statements
Ind AS 103 – Reference to Conceptual Framework
The amendments specify that to qualify for recognition as part of applying the acquisition method, the identifiable assets acquired and liabilities
assumed must meet the definitions of assets and liabilities in the Conceptual Framework for Financial Reporting under Indian Accounting
Standards (Conceptual Framework) issued by the Institute of Chartered Accountants of India at the acquisition date. These changes do not
significantly change the requirements of Ind AS 103. The Group does not expect the amendment to have any significant impact in its financial
statements.
Ind AS 16 – Proceeds before intended use
The amendments mainly prohibit an entity from deducting from the cost of property, plant and equipment amounts received from selling items
produced while the Group is preparing the asset for its intended use. Instead, an entity will recognise such sales proceeds and related cost in
profit or loss. The Group does not expect the amendments to have any impact in its recognition of its property, plant and equipment in its
financial statements.
Ind AS 37 – Onerous Contracts - Costs of fulfilling a contract
The amendments specify that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to
a contract can either be incremental costs of fulfilling that contract (examples would be direct labour, materials) or an allocation of other costs that
relate directly to fulfilling contracts. The amendment is essentially a clarification and the Group does not expect the amendment to have any
significant impact in its financial statements.
Ind AS 109 – Annual improvements to Ind AS (2021)
The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in assessing whether to derecognise a
financial liability. The Group does not expect the amendment to have any significant impact in its financial statements.
2.25 Events after the reporting date
Where events occurring after the consolidated balance sheet date provide evidence of conditions that existed as at the end of the reporting
period, the impact of such events is adjusted within the financial statements. Otherwise, events after the consolidated balance sheet date of
material size or nature are only disclosed.

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of corporate information notes and other explanatory information [Text Block] Information (29)
Textual Textual
Statement of Ind AS compliance [Text Block] Information (30) Information (31)
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Textual
Disclosure of significant accounting policies [Text Block] Information (32)

Textual information (29): Disclosure of corporate information notes and other explanatory information [Text Block]

1(a) Corporate information


Think and Learn Private Limited (‘the Company" or "the Parent") was incorporated on 30 November 2011. The Parent is engaged in the business
of providing Educational technology (Edu-tech) products and services. The Parent, together with its subsidiaries, is hereinafter referred to as "the
Group"
1(b) 1. In the current year, the Parent has retrospectively adjusted the following:
a. Revenues from streaming services, which was previously recognised fully on commencement of contract, has been adjusted to be recognized
rateably over the period of the contract.
b. Interest paid to Loan partners on behalf of customers in respect of loans granted directly to customers have been reclassified from finance cost
and adjusted against revenues, since these payments are in the nature of payments to customers.
The impact of the above on corresponding figures of Revenues reported for the year ended 31 March 2020 are as under:Profit/(loss) after tax
Table 1
The following table summarises the impact of the above retrospective adjustments on the corresponding figures reported in these financial
statements:
(Rs. Crores)

31-Mar-2020

Particulars As previously reported Impact of adjustments As currently reported

Statement of profit and loss

Revenue from operations (Refer table 2 below and


2380.76 (191.77) 2188.99
Note 24)

Finance costs (refer note 28) 162.12 (148.40) 13.72

Loss before tax (318.20) (43.37) (361.57)

Balance sheet

Unearned revenue (refer note 19.1) - 123.41 123.41

Retained earnings/(deficit) at March 31, 2020 (475.09) (123.41) (598.50)

Total equity at March 31, 2020 5,719.39 (123.41) 5,595.98

Table 2
(Rs. Crores)

Particulars Amount Amount

Revenue for the year ended March 31, 2020 as previously reported 2,380.76

Adjustments:

Interest paid to loan partners on behalf of customers, reclassified from expenses to


(148.40)
revenue

Impact of recognising streaming revenue over a period of time (43.37)

Impact of adjustments (191.77)

Revenue for the year ended March 31, 2020 as currently reported 2188.99

Table 3
The impact of the above on the retained earnings/(deficit) are as under: (Rs. Crores)

Particulars 01-Apr-19 31-Mar-20

Retained earnings previously reported (203.97) (475.09)

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Impact of recognising streaming revenue rateably over the period of the


(80.04) (123.41)
contract

Retained earnings currently reported (284.01) (598.50)

Table 4 (Rs. Crores)

Particulars 31-Mar-19

Balance Sheet As previously reported Impact of adjustments As currently reported

Unearned revenue (refer note 19.1) - 80.04 80.04

Retained earnings/(deficit) at April 1, 2019 (203.97) (80.04) (284.01)

Total equity at April 1, 2019 4,036.71 (80.04) 3,956.67

Table 5
Impact of adjustments on Earnings/(Loss) per share for the year ended March 31, 2020
(Rs. Crores)

Particulars 31-Mar-20 31-Mar-20

As previously reported As currently reported

Basic Earnings/ (Loss) per share (2148.30) (1045.79)

Diluted Earnings/ (Loss) per share (2148.30) (1045.79)

Textual information (30): Statement of Ind AS compliance [Text Block]

2.1 Statement of compliance


The consolidated financial statements of the Group have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 read
with section 133 of the Companies Act, 2013.

Textual information (31): Statement of Ind AS compliance [Text Block]

2.1 Statement of compliance


The consolidated financial statements of the Group have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 read
with section 133 of the Companies Act, 2013.

Textual information (32): Disclosure of significant accounting policies [Text Block]

2. Summary of significant accounting policies


2.1 Statement of compliance
The consolidated financial statements of the Group have been prepared in accordance with Indian Accounting Standards (“Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016 read
with section 133 of the Companies Act, 2013.
2.2 Basis of preparation and presentation
The consolidated financial statements have been prepared on accrual basis under the historical cost convention except for certain financial
assets and liabilities that are measured at fair value as required by relevant Ind AS.
The Parent's consolidated financial statements are presented in Indian Rupees, which is also its functional currency.
These consolidated financial statements were approved for issue in accordance with the resolution of the Board of Directors on 30 August 2022.
2.3 Basis of consolidation
The consolidated financial statements include the financial statements of the Parent and entities controlled by it. Consolidation of a subsidiary
begins when the Parent obtains control over the subsidiary and ceases when the Parent loses control over the subsidiary. Specifically, income
and expenses of a subsidiary acquired or disposed off during the year are included in the consolidated statement of profit and loss from the date
the Parent gains control until the date the Parent ceases to control the subsidiary.
The consolidated financial statements have been prepared in accordance with Indian Accounting Standard - 110 on “Consolidated Financial
Statements” as follows:
The financial statements of the subsidiary companies are drawn up to the same reporting date as that of the Parent.
All intragroup assets and liabilities equity, income, expenses, and cash flows relating to transactions between members of the Group are
eliminated in full on consolidation.
When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with that of the Group.
The difference between the costs of investments in the Subsidiaries over the net assets at the time of acquisition of shares in the Subsidiaries is
recognized in the Consolidated Financial Statements as Goodwill or Capital Reserve as the case may be.

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit and loss,
consolidated statement of changes in equity and consolidated balance sheet respectively.
The consolidated financial statements include following entities that are controlled by the Parent as at 31 March 2021:

Country of
Name of the group Relationship Ownership held by % of
Incorporation

Specadel Technologies Private Limited Subsidiary India Think and Learn Private Limited 100%

Span Thoughtworks Private Limited Subsidiary India Think and Learn Private Limited 100%

Byju's K3 Education Private Limited Subsidiary India Think and Learn Private Limited 100%

Byju's Inc. Subsidiary USA Think and Learn Private Limited 100%

Tangible Play Inc. Subsidiary USA Think and Learn Private Limited 100%

Byju's Pte Limited Subsidiary Singapore Think and Learn Private Limited 100%

Whitehat Education Technology


Subsidiary India Think and Learn Private Limited 76%
Private Limited

2.4 Use of estimates and judgement


The preparation of the consolidated financial statements in accordance with Ind AS requires the management to make informed judgements,
reasonable assumptions and estimates that affect the application of accounting policies and the reported amount of assets and liabilities,
revenues and expenses and disclosure of contingent liabilities. The uncertainty about these could result in outcomes that require a material
adjustment to the carrying amount of assets or liabilities affected in the future periods. These assumptions and estimates are reviewed
periodically based on the most recently available information. Revisions to accounting estimates are recognized prospectively in the Statement of
Profit and Loss in the period in which the estimates are revised and in any future periods affected.
a. Revenue Recognition:
(i) Judgement around assessment of probability of collection
In certain sale contracts with customers, the Group provides extended credit terms to customers. In evaluating whether collectability of the
consideration is probable, judgment is involved in assessing the customer’s ability and intention to pay the consideration when it is due.
(ii) Sale to retail customers in the Gulf Cooperation Council (GCC) countries
In respect of sales to retail customers in the Gulf Cooperation Council (GCC) countries, the Parent invoices all its sales to an unrelated entity
(“Counter party”) located in Dubai and also pays the Counter party , sales commission. Judgement is required to determine whether the Counter
party is an agent. Under the arrangement with the Counter party:
- the Parent provides educational content only after a retail customer is identified by the Counter party.
- the Counter party does not have a right to redirect the Group's products to any other customers without getting instructions from the Parent.
- the Parent continues to be responsible to compensate the end customer in cases of product returns.
The Parent has concluded that the Counter party is an agent and accordingly records the commission expense and the sales on a gross basis.
Refer note 24(ii).
(iii) Estimation of fair value of Guarantees given to Loan Partners
The Parent provides guarantees to Loan partners on behalf of its customers who avail loans from the Loan partners (refer note 2.6(iv)). The fair
value of guarantee in such cases is determined based on the probability of default by the Parent's customers in servicing the Loan partners and
is based on historical default rate and expectations of future conditions. Also refer Note 18(b).
(iv) In cases where the contracts with customers includes promise to transfer multiple products and services (course material and tuition
services), judgement is required to determine whether each product or service promised to a customer is capable of being distinct, and is distinct
in the context of the contract. If the product or service is not distinct, the promised product or service is combined and accounted as a single
performance obligation.
b. Impairment Testing:
Goodwill and intangible assets under development are tested for impairment at least annually and when events occur or changes in
circumstances indicate that the recoverable amount of an asset or a cash generating unit to which the asset pertains, is less than the carrying
value. The Group assesses intangible assets with finite useful life for impairment whenever events or changes in circumstances indicate that the
carrying amount may not be recoverable. The recoverable amount of an asset or a cash generating unit is higher of value-in use and fair value
less cost of disposal. The calculation of value-in-use of an asset or a cash generating unit involves use of significant estimates and assumptions
which include revenue projections growth rates, net margins used to calculate projected future cash flows, risk adjusted discount rate, future
economic and market conditions.
c. Fair value of equity-settled share-based transaction
Estimating fair value for share-based payment transactions requires determination of the fair value of shares on grant date and valuation model
to determine option value, which depends on the terms and conditions of the grant. This estimate also requires determination of the most
appropriate inputs to the valuation model including the expected life of the share option, volatility and dividend yield and making assumptions
about them. The group measures the fair value of equity-settled transactions with employees at the grant date using Black-Scholes model.
The assumptions for estimating fair value for share-based payment transactions are disclosed in Note 46
2.5 Functional and presentation currency
Items included in the consolidated financial statements of the Group are measured using the currency of the primary economic environment in
which the Group operates (i.e. the “functional currency”). The consolidated financial statements are presented in Indian Rupees, the national
currency of India, which is the functional currency of the Parent.

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

2.6 Revenue Recognition


(i) Revenues from customer contracts are considered for recognition and measurement when the contract has been approved by the parties to
the contract, the parties to contract are committed to perform their respective obligations under the contract, and the contract is legally
enforceable. Revenue is recognised upon transfer of control of promised products or services to customers in an amount that reflects the
consideration the Group expects to receive in exchange for those products or services. To recognise revenues, the Group applies the following
five step approach:
(1) identify the contract with a customer,
(2) identify the performance obligations in the contract,
(3) determine the transaction price,
(4) allocate the transaction price to the performance obligations in the contract, and
(5) recognise revenues when a performance obligation is satisfied. When there is uncertainty as to collectability, revenue recognition is deferred
to a point in time when substantially all of the promised consideration has been collected from the customer and the consideration is non
refundable.
(ii) The Group in its normal course of business sells Educational content to its customers via SD cards (categorised as Sale of Edutech products)
and provides the content in the form of Streaming services (categorised as Sale of services).
In the case of Sale of content via SD cards, the Group does not have any continuing performance obligations once the content filled SD cards are
made available to the customers. The Sale of Edutech products (which includes sale of tablets) are recognised at a point in time.
In the case of sale of educational content in the form of Streaming services, revenue is recognised over the period of time the services are
rendered to the customers.
(iii) Sale of Edutech products to customers primarily involves 3 modes of settlement by customers:
(a) where the customer pays all the consideration upfront.
(b) where the customer chooses to take a loan from a Loan partner (refer note (iv) below)
(c) where the Parent provides extended credit terms (refer (v) below).
(iv) In cases where the customer takes a loan from the Loan partners, the customer makes a down payment to the Parent and the balance
consideration is settled by the Loan partner. The Parent receives the balance consideration from the Loan partner net of subvention costs
charged by the Loan partner to the Parent. The subvention costs being in the nature of interest paid on behalf of customers are netted off against
revenue.
Under the aforesaid arrangements with Loan partners, the Parent has provided guarantees (First Loss Default Guarantees (FLDG)) to the Loan
partners and is obligated to reimburse the Loan partners for any monthly instalments that remain uncollected by the Loan partner and stay
overdue for a prescribed period (which typically ranges between “overdue for 75 days or 90 days” across the arrangements with the Loan
partners). The Parent estimates fair value of the aforesaid guarantee obligations and accrues for the same.
The difference between the consideration received by the Parent from the (i) customer and the Loan partner and (ii) the fair value of the
guarantee at the time of entering into the contract with the customer is recognised as revenue. The estimates of the fair value of guarantee are
revisited at the end of every period closing and any changes in the fair value are accounted for as a change in the estimates.
(v) In cases where the customers are provided deferred payment terms by the Parent the customers are required to pay a part of the
consideration (“down payment”), at the time the customers buys the product / services and the customers are also required to register an e-Nach
mandate in favour of the Parent. Post payment of the down payment, the customer pays the balance consideration over the contract period (in
monthly instalments which typically range from 3 months to 12 months).
In such cases, the Parent determines whether the terms of sale indicate the existence of a contract under the provisions of Ind AS 115 - Revenue
from Contracts with Customers, with particular reference to whether there is a probability of collection of the consideration. Also refer Note 24(i).
(vi) In cases where the contracts with customers includes promise to transfer multiple products and services (course material and tuition
services), the Group evaluates whether each product or service promised to a customer is capable of being distinct, and is distinct in the context
of the contract. If the product or service is not distinct, the promised product or service is combined and accounted as a single performance
obligation. Also refer note 2.4(iv).
(vii) Revenue relating to course fees is recognized proportionately based on the number of class availed vs total number of class expected to be
availed.
(viii) Revenue from other services - Income is recognised as and when such services are performed.
2.7 Property, plant and equipment
Tangible assets are carried at cost less accumulated depreciation and impairment losses, if any. The cost of tangible assets comprises its
purchase price net of any trade discounts and rebates, any import duties and other taxes (other than those subsequently recoverable from the
tax authorities), any directly attributable expenditure on making the asset ready for its intended use, other incidental expenses.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the
continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the
difference between the sales proceeds and the carrying amount of the asset and is recognised in the statement of profit and loss.
2.8 Intangible assets
Acquired Intangible Assets
Intangible assets that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are
reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis.
Internally generated intangible assets
An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and
only if, all of the following have been demonstrated:
• the technical feasibility of completing the intangible asset so that it will be available for use or sale;

132
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

• the intention to complete the intangible asset and use or sell it;
• the ability to use or sell the intangible asset;
• how the intangible asset will generate probable future economic benefits;
• the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and
• the ability to measure reliably the expenditure attributable to the intangible asset during its development.
The amount initially recognised for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible
asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognised, development
expenditure is recognised in statement profit and loss in the period in which it is incurred.
Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated
impairment losses, on the same basis as intangible assets that are acquired separately.
2.9 Depreciation & amortization
Depreciable amount for assets is the cost of an asset, or other amount substituted for cost, less its estimated residual value.
Depreciation on property, plant and equipment has been provided on the straight-line method as per the useful life prescribed in Schedule II to
the Companies Act, 2013 except in respect of the following categories of assets, in whose case the life of the assets has been assessed as
under based on technical advice, taking into account the nature of the asset, the estimated usage of the asset, the operating conditions of the
asset, past history of replacement, anticipated technological changes, manufacturers warranties and maintenance support, etc.:

Asset category Useful life

Office equipment other than mobile handsets 5 years

Office equipment - mobile handsets 3 years

Furniture and Fixtures 10 years

Leasehold improvements Primary period of the lease

Leasehold improvements are depreciated over the lease term.


Intangible assets are amortised in the Statement of Profit and Loss over their estimated useful lives on straight line method, from the date that
they are available for use. The Group amortises its intangible assets as follows:

Asset category Useful life

Acquired software 6 years

Technology platform and content 10 years

Trademarks, Patents and Brands 5 years

Teacher network and other acquired intangibles 5 years

Technical know-how 5 years

Internally generated intangibles:

Byju's Learning App(s) 5 years

The estimated useful life of the intangible assets and the amortisation period are reviewed at the end of each financial year and the amortisation
period is revised to reflect the changed pattern, if any.
2.9 Financial Instruments
Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instruments.
Financial assets (except investments in subsidiaries) and financial liabilities are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value
through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial
recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are
recognised immediately in the statement of profit and loss.
A) Financial assets:
Cash and Cash equivalents
Cash comprises cash on hand and demand deposits with banks. Cash equivalents are short-term (with an original maturity of three months or
less from the date of acquisition), highly liquid investments that are readily convertible into known amounts of cash and which are subject to
insignificant risk of changes in value.
Financial assets at amortised cost
Financial assets are subsequently measured at amortised cost if these financial assets are held within a business model whose objective is to
hold these assets in order to collect contractual cash flows and contractual terms of financial asset give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal amount outstanding.
Financial Assets at fair value through other comprehensive income ("FVTOCI")
Financial assets are measured at fair value through other comprehensive income if these financial assets are held within business model whose
objective is achieved by both collecting contractual cash flows on specified dates that are solely payments of principal and interest on the
principal amount outstanding and selling financial assets.
Financial assets at fair value through profit or loss ("FVTPL")

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Financial assets are measured at fair value through profit or loss unless it is measured at amortised cost or fair value through other
comprehensive income on initial recognition. The transaction cost directly attributable to the acquisition of financial assets and liabilities at fair
value through profit or loss are immediately recognised in the statement of profit and loss.
Impairment and derecognition of financial assets:
The Group derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the financial
asset and substantially all the risks and rewards of the ownership of the asset to another party. On derecognition of a financial asset in its
entirety, the difference between the asset carrying amount and the sum of the consideration received and receivable is recognised in the
statement of profit and loss.
The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets which are not fair valued through profit
or loss. Loss allowance for trade receivables with no significant financing component is measured at an amount equal to lifetime ECL. For all
other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant
increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The Group determines the allowance based on
history of collections, customer’s creditworthiness, existing market conditions as well as forward looking estimates at the end of each reporting
period.
Interest income is recognized as it accrues using effective interest method.
Dividend is accounted for when the right to receive it is established.
B) Financial liabilities and equity:
Financial liabilities at amortised cost
Financial liabilities represented by borrowings, trade payables and other payables are initially recognized at fair value, and subsequently are
measured at amortised cost using effective interest method. For trade and other payables maturing within one year from the balance sheet date,
the carrying amounts approximate fair value due to the short maturity of these instruments.
Equity Instruments:
An equity instrument is a contract that evidences residual interest in the assets of the Group after deducting all of its liabilities. Equity instruments
recognised by the Group are recognised at the proceeds received net of direct issue costs.
Derecognition of financial liabilities
The Group derecognises financial liabilities when, and only when, the Group's obligations are discharged, cancelled or have expired. The
difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in the
statement of profit and loss.
2.11 Foreign Currency transactions and translations
Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities
denominated in foreign currencies are translated at the functional currency closing rates of exchange at the reporting date.
Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the extent
of exchange differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are directly attributable to the
acquisition or construction of qualifying assets, are capitalized as cost of assets.
Non-monetary assets and liabilities that are measured in terms of historical cost in foreign currencies are not retranslated. Income and expense
items in foreign currency are translated at the average exchange rates for the period, unless exchange rates fluctuate significantly during that
period, in which case the exchange rates at the dates of the transactions are used.
2.12 Employee Benefits
Employee benefits include provident fund, employee state insurance scheme, gratuity fund, compensated absences.
Defined Contribution Plans:
The Group's contribution to provident fund and employee state insurance scheme are considered as defined contribution plans and are charged
as an expense based on the amount of contribution required to be made and when services are rendered by the employees.
Defined Benefit Plans:
For defined benefit retirement benefit plans, the cost of providing benefits is determined using the projected unit credit method, with actuarial
valuations being carried out at the end of each annual reporting period. Remeasurement, comprising actuarial gains and losses and the return on
plan assets (excluding net interest), is reflected immediately in the balance sheet with a charge or credit recognised in other comprehensive
income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected immediately in retained
earnings and is not reclassified to the statement of profit and loss. Past service cost is recognised in the statement of profit and loss in the period
of a plan amendment. Net interest is calculated by applying the discount rate at the beginning of the period to the net defined benefit liability or
asset. Defined benefit costs are categorised as follows:
a) service cost (including current service cost, past service cost, as well as gains and losses on curtailments and settlements);
b) net interest expense or income; and
c) remeasurement.
The Group presents the first two components of defined benefit costs in the statement of profit and loss in the line item ‘Employee benefits
expense’. Curtailment gains and losses are accounted for as past service cost. Remeasurement impact is accounted in Other Comprehensive
Income (OCI).
Short-term employee benefits:
The undiscounted amount of short-term employee benefits expected to be paid in exchange for the services rendered by employees are
recognised during the year when the employees render the service. These benefits include performance incentive and compensated absences
which are expected to occur within twelve months after the end of the period in which the employee renders the related service.
The cost of short-term compensated absences is accounted as under:
(a) in case of accumulated compensated absences, when employees render the services that increase their entitlement of future compensated
absences; and

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(b) in case of non-accumulating compensated absences, when the absences occur.


Long-term employee benefits:
Compensated absences which are not expected to occur within twelve months after the end of the period in which the employee renders the
related service are recognised as a liability at the present value of the defined benefit obligation as at the balance sheet date less the fair value of
the plan assets out of which the obligations are expected to be settled. Long service awards are recognised as a liability at the present value of
the defined benefit obligation as at the balance sheet date.
2.13 Share based payments
Equity-settled share based payments to employees and other providing similar services are measured at the fair value of the equity instruments
at the grant date. Details regarding the determination of the fair value of equity-settled share based payment transactions are set out in note 46.
The fair value determined at the grant date of the equity-settled share based payments is expensed on a straight line basis over the vesting
period, based on the Group's estimate of equity instruments that will eventually vest, with a corresponding increase in equity. At the end of each
reporting period, the Group revises its estimate of the number of equity instruments expected to vest. The impact of the revision of the original
estimates, if any, is recognized in statement of profit and loss such that the cumulative expenses reflects the revised estimate, with a
corresponding adjustment to the Share based payments reserve.
The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.
2.14 Leases
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at
cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus
any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the
site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term.
The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using
the Group's incremental borrowing rate. It is remeasured when there is a change in future lease payments arising from a change in an index or
rate, if there is a change in the Group's estimate of the amount expected to be payable under a residual value guarantee, or if the Group changes
its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a
corresponding adjustment is made to the carrying amount of the right of-use asset, or is recorded in profit or loss if the carrying amount of the
right-of-use asset has been reduced to zero.
The Group has elected not to recognise right-of-use assets and lease liabilities for short-term leases that have a lease term of 12 months or less
and leases of low-value assets. The Group recognises the lease payments associated with these leases as an expense over the lease term.
2.15 Earnings per share
Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the
weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss)
after tax (including the post tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income
(net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for
deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all
dilutive potential equity shares. Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net
profit per share or increase the net loss per share from continuing ordinary operations. Potential dilutive equity shares are deemed to be
converted as at the beginning of the period, unless they have been issued at a later date. The dilutive potential equity shares are adjusted for the
proceeds receivable had the shares been actually issued at fair value (i.e. average market value of the outstanding shares). Dilutive potential
equity shares are determined independently for each period presented. The number of equity shares and potentially dilutive equity shares are
adjusted for share splits / reverse share splits and bonus shares, as appropriate.
2.16 Taxation
Current tax is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of the Income Tax
Act, 1961.
Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial
statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all
taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is
probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and
liabilities are not recognised if the temporary difference arises from the initial recognition of assets and liabilities in a transaction that affects
neither the taxable profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable
that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group
expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future
income tax liability, is considered as an asset if there is convincing evidence that the Group will pay normal income tax. Accordingly, MAT is
recognised as an deferred tax asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Group
Current and deferred tax are recognised in the statement of profit and loss, except when they relate to items that are recognised in other
comprehensive income (OCI) or directly in equity, in which case, the current and deferred tax are also recognised in OCI or directly in equity
respectively.
2.17 Provisions and contingent liabilities

135
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

A provision is recognised when the Group has a present obligation as a result of past events and it is probable that an outflow of resources will
be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits and
compensated absences) are not discounted to their present value and are determined based on a best estimate required to settle the obligation
at the balance sheet date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities
are disclosed in the Note 32. Contingent assets are not recognised in the consolidated financial statements.
2.18 Inventories
Inventories are valued at the lower of cost (on weighted average basis) and the net realizable value after providing for obsolescence and other
losses, where considered necessary. Cost includes all charges in bringing the goods to the point of sale, including octroi and other levies, transit
insurance and receiving charges.
Purchases of edutech products mainly represents books, SD Cards, tablets and tech embedded devices.
On transfer of inventory to customer, the cost of inventories is recognised as an expense in statement of profit and loss account.
2.19 Impairment
At the end of each reporting period, the Group reviews the carrying amounts of its tangible and intangible assets to determine whether there is
any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated
in order to determine the extent of the impairment loss (if any). When it is not possible to estimate the recoverable amount of an individual asset,
the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of
allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest
group of cash-generating units for which a reasonable and consistent allocation basis can be identified.
Intangible assets not yet available for use are tested for impairment at least annually, and whenever there is an indication that the asset may be
impaired.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset
(or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the statement of profit and loss.
When an impairment loss subsequently reverses, the carrying amount of the asset (or a cash-generating unit) is increased to the revised
estimate of its recoverable amount, so that the increased carrying amount does not exceed the carrying amount that would have been
determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is
recognised immediately in the statement of profit and loss.
2.20 Segment reporting
Operating segments are reported in the manner consistent with the internal reporting to the chief operating decision maker (CODM). The Group
identifies primary segments based on the dominant source, nature of risks and returns and the internal organisation and management structure.
The operating segments are the segments for which separate financial information is available and for which operating profit / loss amounts are
evaluated regularly by the executive Management in deciding how to allocate resources and in assessing performance
Segment revenue, segment expenses, segment assets and segment liabilities have been identified to segments on the basis of their relationship
to the operating activities of the segment.
2.21 Business combinations
Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations. The
cost of an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the
date of acquisition, which is the date on which control is transferred to the Group. The cost of acquisition also includes the fair value of any
contingent consideration. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured
initially at their fair value on the date of acquisition. Contingent consideration is remeasured at fair value at each reporting date and changes in
the fair value of the contingent consideration are recognized in the Consolidated Statement of Profit and Loss.
The interest of non-controlling shareholders is initially measured either at fair value or at the non-controlling interests’ proportionate share of the
acquiree’s identifiable net assets. The choice of measurement basis is made on an acquisition-by-acquisition basis. Subsequent to acquisition,
the carrying amount of non-controlling interests is the amount of those interests at initial recognition plus the non-controlling interests’ share of
subsequent changes in equity of subsidiaries.
The payments related to options issued by the Group over the non-controlling interests in its subsidiaries are accounted as financial liabilities and
initially recognized at the estimated present value of gross obligations. Such options are subsequently measured at fair value in order to reflect
the amount payable under the option at the date at which it becomes exercisable. In the event that the option expires unexercised, the liability is
derecognized. Business combinations between entities under common control is accounted for at carrying value of the assets and liabilities in the
Group’s Consolidated financial statements.
Transaction costs that the Group incurs in connection with a business combination such as legal fees, due diligence fees, and other professional
and consulting fees are expensed as incurred.
2.22 Operating Cycle
Based on the nature of products/ activities of the Group and the normal time between acquisition of assets and their realization in cash or cash
equivalents, the Group has determined its operating cycle as 12 months for the purpose of classification of its assets and liabilities as current and
non-current.
2.23 Exceptional items
An item of income or expense which by its size, nature or incidence requires disclosure in order to improve an understanding of the performance
of the Group is treated as an exceptional item and disclosed separately in the financial statements.
2.24 Recent pronouncements
On March 24, 2021, the Ministry of Corporate Affairs (MCA ) through a notification, amended Schedule III of the Companies Act, 2013. The
amendments revise Division I, II and III of Schedule III and are applicable from April 1, 2021. The Group is evaluating the effect of the
amendments on its financial statements
Ind AS 103 – Reference to Conceptual Framework

136
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

The amendments specify that to qualify for recognition as part of applying the acquisition method, the identifiable assets acquired and liabilities
assumed must meet the definitions of assets and liabilities in the Conceptual Framework for Financial Reporting under Indian Accounting
Standards (Conceptual Framework) issued by the Institute of Chartered Accountants of India at the acquisition date. These changes do not
significantly change the requirements of Ind AS 103. The Group does not expect the amendment to have any significant impact in its financial
statements.
Ind AS 16 – Proceeds before intended use
The amendments mainly prohibit an entity from deducting from the cost of property, plant and equipment amounts received from selling items
produced while the Group is preparing the asset for its intended use. Instead, an entity will recognise such sales proceeds and related cost in
profit or loss. The Group does not expect the amendments to have any impact in its recognition of its property, plant and equipment in its
financial statements.
Ind AS 37 – Onerous Contracts - Costs of fulfilling a contract
The amendments specify that the ‘cost of fulfilling’ a contract comprises the ‘costs that relate directly to the contract’. Costs that relate directly to
a contract can either be incremental costs of fulfilling that contract (examples would be direct labour, materials) or an allocation of other costs that
relate directly to fulfilling contracts. The amendment is essentially a clarification and the Group does not expect the amendment to have any
significant impact in its financial statements.
Ind AS 109 – Annual improvements to Ind AS (2021)
The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind AS 109 in assessing whether to derecognise a
financial liability. The Group does not expect the amendment to have any significant impact in its financial statements.
2.25 Events after the reporting date
Where events occurring after the consolidated balance sheet date provide evidence of conditions that existed as at the end of the reporting
period, the impact of such events is adjusted within the financial statements. Otherwise, events after the consolidated balance sheet date of
material size or nature are only disclosed.

137
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether initial application of an Ind AS has an effect on the current period or any prior period No No
Whether there is any voluntary change in accounting policy No No
Whether there are changes in acounting estimates during the year No No

138
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are non adjusting events after reporting period No No

139
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610700] Notes - Business combinations

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there is any business combination No No
Whether there is any goodwill arising out of business combination No No
Whether there are any acquired receivables from business combination No No
Whether there are any contingent liabilities in business combination No No

140
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610800] Notes - Related party

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of related party [Text Block] Information (33)
Whether there are any related party transactions during year Yes Yes
Whether entity applies exemption in Ind AS 24.25 No No
Other information subsidiary details [Abstract]
Whether company is subsidiary company No No

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] Column 1 Column 2
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Name of related party Byju Raveendran Byju Raveendran Riju Ravindran Riju Ravindran
Country of incorporation or residence of related party INDIA INDIA INDIA INDIA
Permanent account number of related party AGLPR6901Q AGLPR6901Q AKZPR0646J AKZPR0646J
Description of nature of transactions with related party Remuneration Remuneration Remuneration Remuneration
Description of nature of related party relationship KMP KMP KMP KMP
Related party transactions [Abstract]
Other related party transactions expense 0.73 0.73 0.80 1.65
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 0 0 0 0

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Key management personnel of entity or
Categories of related parties [Axis] parent [Member]
Related party [Axis] Column 3
Period FY 2021 FY 2020
Disclosure of transactions between related parties [Abstract]
Disclosure of transactions between related parties [Line items]
Name of related party Divya Gokulnath Divya Gokulnath
Country of incorporation or residence of related party INDIA INDIA
Permanent account number of related party AJRPG2384H AJRPG2384H
Description of nature of transactions with related party Remuneration Remuneration
Description of nature of related party relationship KMP KMP
Related party transactions [Abstract]
Other related party transactions expense 0.80 1.95
Outstanding balances for related party transactions [Abstract]
Amounts payable related party transactions 0 0

Textual information (33): Disclosure of related party [Text Block]

35. Related party disclosures


(a) Details of related parties

Description of relationship Names of related parties

(i) Key Management Personnel (KMP) Byju Raveendran - Managing Director

Riju Ravindran - Director

Divya Gokulnath - Director

(ii) Relatives of KMP Deeptha A.R

(iii) Directors Ravi Shankar Venkataraman Ganapathy Agraharam

Vivian Wu

Russell Andrew Dreisenstock

(b) Details of transactions with related party during the year ended 31 March, 2021 and balances outstanding as at 31 March, 2021:
(Rs. Crores)

141
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Particulars KMP Relative of KMP Total

Remuneration (refer note iv below)

Byju Raveendran 0.73 - 0.73

(0.73) (-) (0.73)

Riju Ravindran 0.80 - 0.80

(1.65) (-) (1.65)

Divya Gokulnath 0.80 - 0.80

(1.95) (-) (1.95)

Deeptha A.R - 0.60 0.60

(-) (1.55) (1.55)

Notes:
(i) Figures in ( ) relate to the financial year 2019-20
(ii) Remuneration does not include Gratuity and Leave encashment which is computed for the Parent as a whole

142
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether company has adopted Ind AS first time No No

143
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are any exploration and evaluation activities No No

144
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611100] Notes - Financial instruments

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Financial assets at amortised cost, class [Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 4,086.37 1,641.26 913.20
Financial assets, at fair value 0 0 0
As mentioned in As mentioned in As mentioned in
Description of other financial assets at amortised cost class respective heads respective heads respective heads
Description of other financial assets at fair value class Not applicable Not applicable Not applicable

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Trade receivables [Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 377.09 200.37 79.36
Financial assets, at fair value 0 0 0
Description of other financial assets at amortised cost class Trade receivables Trade receivables Trade receivables
Description of other financial assets at fair value class Not applicable Not applicable Not applicable

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Other financial assets at amortised cost class [Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 3,709.28 1,440.89 833.84
Financial assets, at fair value 0 0 0
Loans Loans Loans
(Non-current) - (Non-current) - (Non-current) -
61.66 Other 41.02 Other 24.25 Other
non-current non-current non-current
financial assets - financial assets - financial assets -
427.06 Cash and 0.05 Cash and 2.65 Cash and
cash equivalents - cash equivalents - cash equivalents -
2,675.43 Bank 645.57 Bank 468.70 Bank
balances - 440.92 balances - 726.28 balances - 310.34
Current loans - Current loans - Current loans -
22.87 Other 10.71 Other 2.35 Other current
current financial current financial financial assets -
Description of other financial assets at amortised cost class assets - 81.34 assets - 17.26 25.55
Description of other financial assets at fair value class Not applicable Not applicable Not applicable

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Categories of financial assets [Axis] Financial assets at amortised cost, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 3,709.28 1,440.89 833.84
Financial assets, at fair value 0 0 0

145
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Loans Loans Loans


(Non-current) - (Non-current) - (Non-current) -
61.66 Other 41.02 Other 24.25 Other
non-current non-current non-current
financial assets - financial assets - financial assets -
427.06 Cash and 0.05 Cash and 2.65 Cash and
cash equivalents - cash equivalents - cash equivalents -
2,675.43 Bank 645.57 Bank 468.70 Bank
balances - 440.92 balances - 726.28 balances - 310.34
Current loans - Current loans - Current loans -
22.87 Other 10.71 Other 2.35 Other current
current financial current financial financial assets -
Description of other financial assets at amortised cost class assets - 81.34 assets - 17.26 25.55
Description of other financial assets at fair value class Not applicable Not applicable Not applicable

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Financial assets at fair value, class [Member]
Financial assets at fair value through profit or loss, classified as held
Categories of financial assets [Axis] for trading, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,341.75 1,887.74 1,717.34
Financial assets, at fair value 1,341.75 1,887.74 1,717.34
Current Current Current
Description of other financial assets at amortised cost class investments investments investments
Current Current Current
Description of other financial assets at fair value class investments investments investments

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Other financial assets at fair value class [Member]
Financial assets at fair value through profit or loss, classified as held
Categories of financial assets [Axis] for trading, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,341.75 1,887.74 1,717.34
Financial assets, at fair value 1,341.75 1,887.74 1,717.34
Current Current Current
Description of other financial assets at amortised cost class investments investments investments
Current Current Current
Description of other financial assets at fair value class investments investments investments

Disclosure of financial assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of financial assets [Axis] Other financial assets at fair value class 1 [Member]
Financial assets at fair value through profit or loss, category
Categories of financial assets [Axis] [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,341.75 1,887.74 1,717.34
Financial assets, at fair value 1,341.75 1,887.74 1,717.34
Current Current Current
Description of other financial assets at amortised cost class investments investments investments
Current Current Current
Description of other financial assets at fair value class investments investments investments

Disclosure of financial assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Crores of INR

146
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Classes of financial assets [Axis] Other financial assets at fair value class 1 [Member]
Financial assets at fair value through profit or loss, classified as held
Categories of financial assets [Axis] for trading, category [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,341.75 1,887.74 1,717.34
Financial assets, at fair value 1,341.75 1,887.74 1,717.34
Current Current Current
Description of other financial assets at amortised cost class investments investments investments
Current Current Current
Description of other financial assets at fair value class investments investments investments

Disclosure of financial liabilities [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Financial liabilities at amortised cost, class
Classes of financial liabilities [Axis] [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] category [Member]
Period FY 2021 FY 2020
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities (A) 3,116.02 (B) 699.91
Financial liabilities, at fair value 0 0

Footnotes

(A) Lease liabilities 255.93 Short term borrowings- 1351.81 Trade payables- 1065.41 Other financial liabilities- 442.87

(B) Lease liabilities 215.13 Trade payables- 482.36 Other financial liabilities- 2.42

147
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611200] Notes - Fair value measurement

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of fair value measurement [Text Block] Information (34)
Whether assets have been measured at fair value Yes Yes
Whether liabilities have been measured at fair value No No
Whether equity have been measured at fair value No No

Disclosure of fair value measurement of assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Measurement [Axis] At fair value [Member]
Classes of assets [Axis] Other assets [Member]
Levels of fair value hierarchy [Axis] Level 2 of fair value hierarchy [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 1,341.75 1,887.74 1,717.34
Investments in Investments in
mutual funds mutual funds
(unquoted), (unquoted),
Investment in Investment in
Nature of other assets bonds (unquoted) bonds (unquoted)
Management Management
Description of reasons for fair value measurement, assets decision decision
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 1 into Level 2 of fair value
hierarchy, assets NA NA
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 2 into Level 1 of fair value
hierarchy, assets NA NA
Inputs other than Inputs other than
the quoted prices the quoted prices
included within included within
Level 1 that are Level 1 that are
observable for the observable for the
asset or liability, asset or liability,
either directly or either directly or
Description of valuation techniques used in fair value measurement, assets indirectly. indirectly.
Description of reasons for change in valuation technique used in fair value
measurement, assets NA NA
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Purchases, fair value measurement, assets 0 170.40
Sales, fair value measurement, assets 545.99 0
Total increase (decrease) in fair value measurement, assets -545.99 170.40
Assets at end of period 1,341.75 1,887.74 1,717.34
Description of line items in profit or loss where gains (losses) are recognised, fair
value measurement, assets Other income Other income
Description of line items in other comprehensive income where gains (losses) are
recognised, fair value measurement, assets NA NA

Disclosure of fair value measurement of assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Measurement [Axis] At fair value [Member]
Classes of assets [Axis] Other assets 1 [Member]
Levels of fair value hierarchy [Axis] Level 2 of fair value hierarchy [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 1,341.75 1,887.74 1,717.34
Investments in Investments in
mutual funds mutual funds
(unquoted), (unquoted),
Investment in Investment in
Nature of other assets bonds (unquoted) bonds (unquoted)

148
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Management Management
Description of reasons for fair value measurement, assets decision decision
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 1 into Level 2 of fair value
hierarchy, assets NA NA
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 2 into Level 1 of fair value
hierarchy, assets NA NA
Inputs other than Inputs other than
the quoted prices the quoted prices
included within included within
Level 1 that are Level 1 that are
observable for the observable for the
asset or liability, asset or liability,
either directly or either directly or
Description of valuation techniques used in fair value measurement, assets indirectly. indirectly.
Description of reasons for change in valuation technique used in fair value
measurement, assets NA NA
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Purchases, fair value measurement, assets 0 170.40
Sales, fair value measurement, assets 545.99 0
Total increase (decrease) in fair value measurement, assets -545.99 170.40
Assets at end of period 1,341.75 1,887.74 1,717.34
Description of line items in profit or loss where gains (losses) are recognised, fair
value measurement, assets Other income Other income
Description of line items in other comprehensive income where gains (losses) are
recognised, fair value measurement, assets NA NA

Disclosure of fair value measurement of assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets [Member]
Levels of fair value hierarchy [Axis] Level 2 of fair value hierarchy [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 1,341.75 1,887.74 1,717.34
Investments in Investments in
mutual funds mutual funds
(unquoted), (unquoted),
Investment in Investment in
Nature of other assets bonds (unquoted) bonds (unquoted)
Management Management
Description of reasons for fair value measurement, assets decision decision
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 1 into Level 2 of fair value
hierarchy, assets NA NA
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 2 into Level 1 of fair value
hierarchy, assets NA NA
Inputs other than Inputs other than
the quoted prices the quoted prices
included within included within
Level 1 that are Level 1 that are
observable for the observable for the
asset or liability, asset or liability,
either directly or either directly or
Description of valuation techniques used in fair value measurement, assets indirectly. indirectly.
Description of reasons for change in valuation technique used in fair value
measurement, assets NA NA
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Purchases, fair value measurement, assets 0 170.40
Sales, fair value measurement, assets 545.99 0
Total increase (decrease) in fair value measurement, assets -545.99 170.40
Assets at end of period 1,341.75 1,887.74 1,717.34

149
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Description of line items in profit or loss where gains (losses) are recognised, fair
value measurement, assets Other income Other income
Description of line items in other comprehensive income where gains (losses) are
recognised, fair value measurement, assets NA NA

Disclosure of fair value measurement of assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Other assets 1 [Member]
Levels of fair value hierarchy [Axis] Level 2 of fair value hierarchy [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 1,341.75 1,887.74 1,717.34
Investments in Investments in
mutual funds mutual funds
(unquoted), (unquoted),
Investment in Investment in
Nature of other assets bonds (unquoted) bonds (unquoted)
Management Management
Description of reasons for fair value measurement, assets decision decision
Transfers out of Level 1 into Level 2 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 1 into Level 2 of fair value
hierarchy, assets NA NA
Transfers out of Level 2 into Level 1 of fair value hierarchy, assets held at end of
reporting period 0 0
Description of reasons for transfers out of Level 2 into Level 1 of fair value
hierarchy, assets NA NA
Inputs other than Inputs other than
the quoted prices the quoted prices
included within included within
Level 1 that are Level 1 that are
observable for the observable for the
asset or liability, asset or liability,
either directly or either directly or
Description of valuation techniques used in fair value measurement, assets indirectly. indirectly.
Description of reasons for change in valuation technique used in fair value
measurement, assets NA NA
Reconciliation of changes in fair value measurement, assets [Abstract]
Changes in fair value measurement, assets [Abstract]
Purchases, fair value measurement, assets 0 170.40
Sales, fair value measurement, assets 545.99 0
Total increase (decrease) in fair value measurement, assets -545.99 170.40
Assets at end of period 1,341.75 1,887.74 1,717.34
Description of line items in profit or loss where gains (losses) are recognised, fair
value measurement, assets Other income Other income
Description of line items in other comprehensive income where gains (losses) are
recognised, fair value measurement, assets NA NA

Textual information (34): Disclosure of fair value measurement [Text Block]

44. Financial instruments - Fair value and risk management


A. Accounting classification and fair values
Fair value
The fair value of cash and cash equivalent, trade receivables, unbilled revenue, trade payables, current financial liabilities and borrowings
approximate their carrying amount largely due to short term nature of these instruments.
Quantitative disclosures of fair value measurement hierarchy for financial assets as at 31 March 2021
(Rs. Crores)

Fair value
Particulars Note No Carrying amount
measured using

Level 1 Level 2 Level 3

Financial assets

At amortised cost

Trade receivables 12 377.09 - - -

150
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Cash and cash equivalents 13(a) 2,675.43 - - -

Bank balances other than above 13(b) 440.92 - - -

Loans 7(b) 84.53

Other financial assets (current and non-current) 8 508.40 - - -

At FVTPL

Investments in mutual funds (unquoted) 11A 967.81 - 967.81 -

Investments in Bonds (unquoted) 11B 373.94 - 373.94 -

Financial liabilities

At amortised cost

Lease liabilities (current and non-current) 17 255.93 - - -

Trade payables 21 1,065.41 - - -

Borrowings 16 1,351.81

Other financial liabilities (current) 22 442.87 - - -

Quantitative disclosures of fair value measurement hierarchy for financial assets as at 31 March 2020
(Rs. Crores)

Fair value
Particulars Note No Carrying amount
measured using

Level 1 Level 2 Level 3

Financial assets

At amortised cost

Trade receivables 12 200.37 - - -

Cash and cash equivalents 13(a) 645.57 - - -

Bank balances other than above 13(b) 726.28 - - -

Loans 7(b) 51.73

Other financial assets (current and non-current) 8 17.31 - - -

At FVTPL

Investments in mutual funds (unquoted) 11A 1,337.83 - 1,337.83 -

Investments in Bonds (unquoted) 11B 549.91 - 549.91 -

Financial liabilities

At amortised cost

Trade payables 21 482.36 - - -

Lease liabilities 17 215.13

Other financial liabilities (current) 22 2.42 - - -

Quantitative disclosures of fair value measurement hierarchy for financial instruments as at 1 April, 2019
(Rs. Crores)

Fair value
Particulars Note No Carrying amount
measured using

Level 1 Level 2 Level 3

Financial assets

At amortised cost

Trade receivables 12 79.36 - - -

Cash and cash equivalents 13(a) 468.70 - - -

Bank balances other than above 13(b) 310.34 - - -

Loans 7(b) 26.60

151
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Other financial assets (current and non-current) 8 28.20 - - -

At FVTPL

Investments in mutual funds (unquoted) 11A 1,013.28 - 1,013.28 -

Investments in Bonds (unquoted) 11B 704.06 - 704.06 -

Financial liabilities

At amortised cost

Borrowings 16 6.51 - - -

Trade payables 21 134.29 - - -

Other financial liabilities (current) 22 5.96 - - -

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction
between willing parties, other than in a forced or liquidation sale. The fair-value of the financial-instruments factor the uncertainties arising out of
COVID-19, where applicable.
The financial instruments are categorized into two levels based on the inputs used to arrive at fair value measurements described below:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; and
Level 2: Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)
B. Financial risk management
i. Financial risk management
The Group’s activities expose it to a variety of financial risks: credit risk, liquidity risk, foreign currency risk and interest rate risk. The Board of
Directors identify and evaluate business risks and challenges across the Group. The responsibility of developing and monitoring risk vests with
the Board of Directors. The Group's focus is to foresee the unpredictability of financial markets and seek to minimize potential adverse effects on
it's financial performance. The Group's exposure to credit risk is influenced mainly by the individual characteristic of each customer.
ii. Credit risk
Credit risk refers to the risk that the counterparty will default on its contractual obligations resulting in financial loss to the Group. Credit risk arises
principally from the Group's receivables from customers. We believe that the realizability of the receivables, modification to credit standards,
collection practices and other related policies may impact the allowance for doubtful accounts. Refer note 12 for disclosure for trade receivables.
Credit risk on liquid funds is limited because the counterparties are banks and companies with high credit-ratings assigned by credit-rating
agencies.
iii. Liquidity risk
Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by
delivering cash or another financial asset. The Group invests surplus funds, including from those from investing activities by others into the
Group, from time-to-time in various short-term instruments. It manages liquidity by maintaining adequate reserves, funding facilities from banks
and financial institutions and monitoring cash flows.
The following table provides details regarding the undiscounted contractual maturities of significant financial liabilities at the reporting date:
(Rs. Crores)

Particulars As at 31 March, 2021

More than
Carrying amount Less than one year 1-2 years
2 years

Lease liabilities 255.93 88.03 65.89 108.20

Borrowings 1,351.81 1,351.81 - -

Trade payables 1,605.41 1,605.41 - -

Other financial liabilities 442.87 442.87 - -

3,116.02 2,941.93 65.89 108.20

(Rs. Crores)

Particulars As at 31 March, 2020

More than
Carrying amount Less than one year 1-2 years
2 years

Lease liabilities 215.13 75.06 54.90 85.17

Trade payables 482.36 330.08 12.63 139.66

Other financial liabilities 1.35 1.35 - -

698.84 406.49 67.53 224.83

152
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(Rs. Crores)

Particulars As at 31 March, 2019

More than
Carrying amount Less than one year 1-2 years
2 years

Borrowings 6.51 5.67 0.83 -

Trade payables 134.29 134.29 - -

Other financial liabilities 5.96 5.96 - -

146.76 145.92 0.83 -

iv. Market risks


The market risk that the Group is exposed to are as follows:
Currency risk
The Group's foreign exchange risk arises from its foreign currency revenues and expenses (primarily denominated in USD). The summary
quantitative data about the Group's exposure to currency risk (based on notional amounts) is reported to the management as follows:

As at 31 March 2021 USD (in crore)

Financial assets/ (liabilities)

Trade receivables 6.21

Cash and cash equivalents 1.83

Trade payables (0.65)

Net assets / (liabilities) -

As at 31 March 2020 USD (in crore)

Financial assets/ (liabilities)

Trade receivables 1.70

Cash and cash equivalents 2.08

Trade payables (3.34)

Net assets / (liabilities) (0.16)

As at 1 April 2019 USD (in crore)

Financial assets/ (liabilities)

Trade receivables 0.75

Cash and cash equivalents 1.39

Trade payables (0.39)

Net assets / (liabilities) 1.75

Sensitivity analysis
A possible strengthening /(weakening) of the Rs. against US dollar at 31 March 2021 would have affected the measurement of financial
instruments denominated in a foreign currency and affected equity and profit or loss by the amounts shown below. This analysis assumes that all
other variables, in particular interest rates, remain constant and ignores any impact of forecast sales and purchases. The Group's sensitivity to a
1% increase and 1% decrease in the INR against the USD is presented below:
(Rs. Crores)

Particulars Impact on profit or (loss) before tax

Strengthening Weakening

As at 31 March 2021

Rs. In Crores (1% movement) 5.43 (5.43)

As at 31 March 2020

Rs. In Crores (1% movement) 0.21 (0.21)

As at 1 April 2019

Rs. In Crores (1% movement) 1.21 (1.21)

153
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 1 Column 2
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
SPECADEL TEC SPECADEL TEC SPAN THOUGH SPAN THOUGH
HNOLOGIES HNOLOGIES TWORKS TWORKS
PRIVATE PRIVATE PRIVATE PRIVATE
Name of subsidiary LIMITED LIMITED LIMITED LIMITED
U72200KA2010P U72200KA2010P U72400TN2010P U72400TN2010P
CIN of subsidiary company TC053421 TC053421 TC074715 TC074715
Principal place of business of subsidiary INDIA INDIA INDIA INDIA
Country of incorporation or residence of subsidiary INDIA INDIA INDIA INDIA
Proportion of ownership interest in subsidiary 100% 100% 100% 100%
Proportion of voting rights held in subsidiary 100% 100% 100% 100%

Disclosure of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 3 Column 4
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
BYJU'S K3 BYJU'S K3
EDUCATION EDUCATION
PRIVATE PRIVATE
Name of subsidiary LIMITED LIMITED BYJU’S INC BYJU’S INC
U80900KA2018P U80900KA2018P
CIN of subsidiary company TC115288 TC115288
Principal place of business of subsidiary INDA INDIA USA USA
Country of incorporation or residence of subsidiary INDA INDIA USA USA
Proportion of ownership interest in subsidiary 100% 100% 100% 100%
Proportion of voting rights held in subsidiary 100% 100% 100% 100%

Disclosure of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 5 Column 6
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
TANGIBLE TANGIBLE BYJU'S PTE.
Name of subsidiary PLAY, INC PLAY, INC LTD NA
Principal place of business of subsidiary USA USA SINGAPORE SINGAPORE
Country of incorporation or residence of subsidiary USA USA SINGAPORE NA
Proportion of ownership interest in subsidiary 100% 100% 100% 0%
Proportion of voting rights held in subsidiary 100% 100% 100% 0%

Disclosure of subsidiaries [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 7 Column 8
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
WHITEHAT
WHITEHAT EDUCATION
EDUCATION TECHNOLOGY
TECHNOLOGY PRIVATE
Name of subsidiary LLC NA LIMITED NA
U74999MH2018P
CIN of subsidiary company TC315690
Principal place of business of subsidiary USA NA INDIA NA
Country of incorporation or residence of subsidiary USA NA INDIA NA
Proportion of ownership interest in subsidiary 100% 0% 76.06% 0%

154
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Proportion of voting rights held in subsidiary 100% 0% 76.06% 0%

155
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611500] Notes - Interests in other entities

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies [pure] 8.00 [pure] 6.00
Whether company has subsidiary companies which are yet to commence operations Yes Yes
Whether company has subsidiary companies liquidated or sold during year No Yes
Whether company has invested in associates No No
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence operations No No
Whether company has joint ventures liquidated or sold during year No No
Whether there are unconsolidated structured entities No No
Whether there are unconsolidated subsidiaries No No
Whether there are unconsolidated structured entities controlled by investment entity No No

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 1 Column 2
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
SPECADEL TEC SPECADEL TEC SPAN THOUGH SPAN THOUGH
HNOLOGIES HNOLOGIES TWORKS TWORKS
PRIVATE PRIVATE PRIVATE PRIVATE
Name of subsidiary LIMITED LIMITED LIMITED LIMITED
Principal place of business of subsidiary INDIA INDIA INDIA INDIA
Country of incorporation or residence of subsidiary INDIA INDIA INDIA INDIA
U72200KA2010P U72200KA2010P U72400TN2010P U72400TN2010P
CIN of subsidiary company TC053421 TC053421 TC074715 TC074715
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet Yes Yes Yes Yes
SRN of filing of balance sheet by subsidiary T87005336 R89243216 T86999638 R89242267
Whether financial year of subsidiary different from financial
year of holding company No No No No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2020 01/04/2019 01/04/2020 01/04/2019
End date of accounting period of subsidiary 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Description of reason why using different reporting date or
period for subsidiary NA NA NA NA
Percentage of shareholding in subsidiary 100% 100% 100% 100%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR INR INR
Exchange rate as applicable for subsidiary NA NA NA NA
Share capital of subsidiary 0.2271 0.2271 1.7372 1.7372
Reserves and surplus of subsidiary 9.9818 10.9101 -0.5996 -0.8797
Total assets of subsidiary 12.104 13.0747 1.2759 0.9816
Total liabilities of subsidiary 1.8951 1.9375 0.1383 0.1241
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 3.115 3.1587 0.39 0.2925
Profit before tax of subsidiary -1.3892 -1.8969 0.2753 0.0892
Provision for tax of subsidiary -0.4755 0.5413 -0.0047 -0.0138
Profit after tax of subsidiary -0.9137 -2.4382 0.28 0.103
Proposed dividend of subsidiary 0 0 0 0

Disclosure of details of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 3 Column 4
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
BYJU'S K3 BYJU'S K3
EDUCATION EDUCATION
PRIVATE PRIVATE
Name of subsidiary LIMITED LIMITED BYJU’S INC BYJU’S INC

156
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Principal place of business of subsidiary INDA INDIA USA USA


Country of incorporation or residence of subsidiary INDA INDIA USA USA
U80900KA2018P U80900KA2018P
CIN of subsidiary company TC115288 TC115288
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet Yes Yes No No
SRN of filing of balance sheet by subsidiary T86999638 R89242267
NOT REQUIRED NOT REQUIRED
Reason if no filing has been made by subsidiary TO FILE TO FILE
Whether financial year of subsidiary different from financial
year of holding company No No No No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2020 01/04/2019 01/04/2020 01/04/2019
End date of accounting period of subsidiary 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Description of reason why using different reporting date or
period for subsidiary NA NA NA NA
Percentage of shareholding in subsidiary 100% 100% 100% 100%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary INR INR USD USD
Exchange rate as applicable for subsidiary NA NA 73.5047 75.3859
Share capital of subsidiary 0.0767 0.01 458.47 490.0084
Reserves and surplus of subsidiary 41.5396 0.0882 12.04065 -6.4542
Total assets of subsidiary 672.3302 143.5924 586.20131 488.2152
Total liabilities of subsidiary 630.7138 143.5924 115.6907 4.6611
Investment of subsidiary 309.7027 140.2806 0 0
Turnover of subsidiary 9.00 1.90 0 0
Profit before tax of subsidiary 1.8224 0.1618 -0.98 -6.4422
Provision for tax of subsidiary 0.3042 0.0717 0.0059 -0.006
Profit after tax of subsidiary 1.5182 0.0901 -0.986 -6.4482
Proposed dividend of subsidiary 0 0 0 0

Disclosure of details of subsidiaries [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 5 Column 6
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
TANGIBLE TANGIBLE BYJU'S PTE.
Name of subsidiary PLAY, INC PLAY, INC LTD NA
Principal place of business of subsidiary USA USA SINGAPORE SINGAPORE
Country of incorporation or residence of subsidiary USA USA SINGAPORE NA
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No No No No
NOT REQUIRED NOT REQUIRED NOT REQUIRED NOT REQUIRED
Reason if no filing has been made by subsidiary TO FILE TO FILE TO FILE TO FILE
Whether financial year of subsidiary different from financial
year of holding company No No No No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2020 01/04/2019 01/04/2020 01/04/2019
End date of accounting period of subsidiary 31/03/2021 31/03/2020 31/03/2021 31/03/2020
Description of reason why using different reporting date or
period for subsidiary NA NA NA NA
Percentage of shareholding in subsidiary 100% 100% 100% 0%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary USD USD SGD SGD
Exchange rate as applicable for subsidiary 73.5047 75.3859 54.34 54.34
Share capital of subsidiary 0.0028 699.9704 5,000.00 0
Reserves and surplus of subsidiary 319.9595 -517.7753 -282.70 0
Total assets of subsidiary 831.7872 548.5421 4,755.47 0
Total liabilities of subsidiary 511.8205 366.547 38.17 0
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 598.3298 364.1625 0 0
Profit before tax of subsidiary -229.29 -238.3766 -282.70 0
Provision for tax of subsidiary 0.15 0 0 0
Profit after tax of subsidiary -229.44 -238.3766 -282.70 0
Proposed dividend of subsidiary 0 0 0 0

157
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of details of subsidiaries [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 7 Column 8
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of subsidiaries [Abstract]
Disclosure of subsidiaries [Line items]
WHITEHAT
WHITEHAT EDUCATION
EDUCATION TECHNOLOGY
TECHNOLOGY PRIVATE
Name of subsidiary LLC NA LIMITED NA
Principal place of business of subsidiary USA NA INDIA NA
Country of incorporation or residence of subsidiary USA NA INDIA NA
U74999MH2018P
CIN of subsidiary company TC315690
Section under which company became subsidiary Section 2(87)(ii) Section 2(87)(ii)
Whether subsidiary has filed balance sheet No Yes
SRN of filing of balance sheet by subsidiary T88283239
NOT REQUIRED
Reason if no filing has been made by subsidiary TO FILE
Whether financial year of subsidiary different from financial
year of holding company No No
Financial year of subsidiary [Abstract]
Start date of accounting period of subsidiary 01/04/2020 01/04/2020
End date of accounting period of subsidiary 31/03/2021 31/03/2021
Description of reason why using different reporting date or
period for subsidiary NA NA
Percentage of shareholding in subsidiary 100% 76.06%
Key information about subsidiary [Abstract]
Reporting currency of subsidiary USD INR
Exchange rate as applicable for subsidiary 73.2294 NA
Share capital of subsidiary 0.0075 0.1303
Reserves and surplus of subsidiary 0.7163 -1,527.3219
Total assets of subsidiary 152.49581 945.3504
Total liabilities of subsidiary 151.772 2,472.542
Investment of subsidiary 0 0.0075
Turnover of subsidiary 11.2733 483.9744
Profit before tax of subsidiary 0.8956 -1,690.4858
Provision for tax of subsidiary 0.1793 0
Profit after tax of subsidiary 0.7163 -1,690.4858
Proposed dividend of subsidiary 0 0

Details of subsidiaries which are yet to commence operations [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Subsidiaries which are yet to commence operations [Axis] Column 1 Column 2
Period FY 2021 FY 2020 FY 2021 FY 2020
Details of subsidiaries which are yet to commence operations
[Abstract]
Details of subsidiaries which are yet to commence operations
[Line Items]
Name of subsidiary which is yet to commence operations Byju's Pte. Ltd. Byju's Pte. Ltd. Byju's Inc. Byju's Inc.
Country of incorporation or residence of subsidiary which is UNITED UNITED
yet to commence operations Singapore Singapore STATES STATES

Details of subsidiaries liquidated or sold during year [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Subsidiaries liquidated or sold during year [Axis] Column 1
Period FY 2020
Details of subsidiaries liquidated or sold during year [Abstract]
Details of subsidiaries liquidated or sold during year [Line Items]
Infiken Internet
Labs Private
Name of subsidiary liquidated or sold during year Limited
Country of incorporation or residence of subsidiary liquidated or sold during year India
U72900GJ2014PT
CIN of subsidiary company liquidated or sold during year C081218

158
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611600] Notes - Non-current asset held for sale and discontinued operations

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Cash flows from continuing and discontinued operations [Abstract]
Cash flows from used in operating activities [Abstract]
Net cash flows from (used in) operating activities, continuing operations -3,494.37 56.65
Net cash flows from (used in) operating activities -3,494.37 56.65
Cash flows from used in investing activities [Abstract]
Net cash flows from (used in) investing activities, continuing operations -1,929.94 -1,533.67
Net cash flows from (used in) investing activities -1,929.94 -1,533.67
Cash flows from used in financing activities [Abstract]
Net cash flows from (used in) financing activities, continuing operations 7,453.08 1,653.69
Net cash flows from (used in) financing activities 7,453.08 1,653.69

159
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Whether there are any contingent liabilities Yes Yes Yes

Disclosure of other provisions [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Other provisions, Other provisions,
Classes of other provisions [Axis] others [Member] others 1 [Member]
Period FY 2021
Disclosure of other provisions [Abstract]
Disclosure of other provisions [Line items]
Reconciliation of changes in other provisions [Abstract]
Changes in other provisions [Abstract]
Additional provisions, other provisions [Abstract]
New provisions, other provisions 54.02 54.02
Total additional provisions, other provisions 54.02 54.02
Total changes in other provisions 54.02 54.02
Other provisions at end of period 54.02 54.02
Provision for Provision for
Guarantee and Guarantee and
Description of other provisions, others Sales Return Sales Return

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of contingent liabilities [Axis] Contingent liabilities [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the
Group not
Corporate Corporate acknowledged as
Description of nature of obligation, contingent liabilities guarantee guarantee debt
Refer to Note 32 - Refer to Note 32 - Refer to Note 32 -
Contingent Contingent Contingent
liabilities and liabilities and liabilities and
Explanation of estimated financial effect of contingent liabilities commitments commitments commitments
Estimated financial effect of contingent liabilities 149.65 153.77 1.71
Refer to Note 32 - Refer to Note 32 - Refer to Note 32 -
Contingent Contingent Contingent
liabilities and liabilities and liabilities and
Explanation of possibility of reimbursement contingent liabilities commitments commitments commitments
Refer to Note 32 - Refer to Note 32 - Refer to Note 32 -
Contingent Contingent Contingent
liabilities and liabilities and liabilities and
Indication of uncertainties of amount or timing of outflows contingent liabilities commitments commitments commitments
Claims against the
Group not
acknowledged as
Description of other contingent liabilities others Not applicable Not applicable debt

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of contingent liabilities [Axis] Contingent liability for guarantees [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Corporate Corporate
Description of nature of obligation, contingent liabilities guarantee guarantee Not applicable
Refer to Note 32 - Refer to Note 32 -
Contingent Contingent
liabilities and liabilities and
Explanation of estimated financial effect of contingent liabilities commitments commitments Not applicable
Estimated financial effect of contingent liabilities 149.65 153.77 0

160
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Refer to Note 32 - Refer to Note 32 -


Contingent Contingent
liabilities and liabilities and
Explanation of possibility of reimbursement contingent liabilities commitments commitments Not applicable
Refer to Note 32 - Refer to Note 32 -
Contingent Contingent
liabilities and liabilities and
Indication of uncertainties of amount or timing of outflows contingent liabilities commitments commitments Not applicable

Disclosure of contingent liabilities [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the
Group not
acknowledged as
Description of nature of obligation, contingent liabilities Not applicable Not applicable debt
Refer to Note 32 -
Contingent
liabilities and
Explanation of estimated financial effect of contingent liabilities Not applicable Not applicable commitments
Estimated financial effect of contingent liabilities 0 0 1.71
Refer to Note 32 -
Contingent
liabilities and
Explanation of possibility of reimbursement contingent liabilities Not applicable Not applicable commitments
Refer to Note 32 -
Contingent
liabilities and
Indication of uncertainties of amount or timing of outflows contingent liabilities Not applicable Not applicable commitments

Disclosure of contingent liabilities [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Classes of contingent liabilities [Axis] Other contingent liabilities, others [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Claims against the
Group not
acknowledged as
Description of nature of obligation, contingent liabilities Not applicable Not applicable debt
Refer to Note 32 -
Contingent
liabilities and
Explanation of estimated financial effect of contingent liabilities Not applicable Not applicable commitments
Estimated financial effect of contingent liabilities 0 0 1.71
Refer to Note 32 -
Contingent
liabilities and
Explanation of possibility of reimbursement contingent liabilities Not applicable Not applicable commitments
Refer to Note 32 -
Contingent
liabilities and
Indication of uncertainties of amount or timing of outflows contingent liabilities Not applicable Not applicable commitments

161
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure of revenue [Text Block] Information (35)

Textual information (35): Disclosure of revenue [Text Block]

24. Revenue from operations


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Revenue from operations

Course fee 320.61 -

- Streaming services 108.47 145.17

- Sale of Edutech products 1848.74 2,043.52

- Educational content development services 0.17 0.30

- Other Operating Revenue 2.27 -

Total 2,280.26 2,188.99

(i) Revenues from transfer of products to certain customers made under deferred payment terms and totalling to Rs. 1,156.27 Crores (based on
consideration that the Parent is entitled for such transfers) has not been recognised because on the point of these transfers the Parent did not
meet the criteria that it was probable it will collect the consideration to which it is entitled. Revenues from these transfer of products will be
recognised when substantially all of the consideration is received by the Parent or when the deferred payment terms expire because of default or
any non-performance by the customer and to extent any consideration received is non-refundable. The cost of the products amounting to Rs.
109.18 crores has been expensed in Statement of profit and loss.
The Parent has incurred direct selling costs in the form of employee incentives and customer referral incentives in respect of the aforesaid sales
which has also been charged off to the Statement of profit and loss..
Goods and Service Taxes (GST) paid/payable on the sales has been fully discharged by the parent during the year ended March 31, 2021. On
deferral of recognition of revenue in the absence of probability of collections, the consideration recoverable from the customer towards GST
amounting to Rs. 208.14 Crores has not been carried as an asset in the balance sheet. The same shall be recorded as income as and when
consideration towards the sales (including GST) is collected from the customer.
During the year ended March 31, 2021, the Parent had assigned future installments receivable from customers aggregating to Rs. 1,061 crores
to certain parties in connection with the deferred revenues above. The amounts received (net of charges and repayment) on such assignment
have been disclosed as short term loans (refer note 20), after considering repayments made upto March 31, 2021.
(ii) Revenues from sale of educational content to customers based in the Gulf Cooperation Council (GCC) countries amounts to Rs. 497 Crores
(Rs. 245 Crores in the year ended March 31,2020). All sales of the Parent to these customers are invoiced on an unrelated entity located out of
Dubai (refer note 2.4a(ii)). The Parent pays the aforesaid entity, a commission on such sales. Commission paid/payable during the year Rs. 237
Crores (Previous year ended March 31, 2020 Rs. 115.01 crores) have been disclosed under Commission expenses in the Statement of Profit
and Loss.

162
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[611900] Notes - Accounting for government grants and disclosure of government assistance

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether company has received any government grant or government assistance No No
Capital subsidies or grants received from government authorities 0 0
Revenue subsidies or grants received from government authorities 0 0

163
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are any construction contracts No No

164
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there is any impairment loss or reversal of impairment loss during the year No No
Whether impairment loss recognised or reversed for individual Assets or cash-generating unit No No

165
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612200] Notes - Leases

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of leases [Text Block] Information (36)
Whether company has entered into any lease agreement Yes No
Whether any operating lease has been converted to financial lease or vice-versa No No

Disclosure of finance lease and operating lease by lessee [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Later than one year
and not later than
Not later than one five years Later than five
Maturity [Axis] year [Member] [Member] years [Member]
Period FY 2021
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 0 0 0
Minimum finance lease payments payable at present value 0 0 0
Minimum lease payments payable under non-cancellable operating lease 88.03 184.67 0.91

Textual information (36): Disclosure of leases [Text Block]

39. Leases
(Rs. Crores)
(i) The following is the break-up of current and non-current lease liabilities:

As at As at
Particulars
March 31, 2021 March 31, 2020

Current lease liabilities 84.81 69.53

Non-current lease liabilities 171.12 145.60

Total 255.93 215.13

(ii) The following is the movement in the lease liabilities:


(Rs. Crores)

As at As at
Particulars
March 31, 2021 March 31, 2020

Opening balance 215.13 97.18

Additions 121.72 168.91

Finance cost accrued during the year 12.35 10.77

Deletions (6.65) -

Payment of lease liabilities (79.44) (56.91)

Lease rent concession (0.69) -

Payment of lease liabilities (85.93) (61.73)

Closing balance 255.93 215.13

(iii) The table below provides the impact of adoption of Ind AS 116 on retained earnings
(Rs. Crores)

As at As at
Particulars
March 31, 2021 March 31, 2020

Impact on retained earnings as at beginning of the year - (6.48)

Total - (6.48)

(iv) The table below provides details regarding the contractual maturities of rental payments:
(Rs. Crores)

Particulars Less than 1 year 1 - 2 years 2-5 years More than 5 years Total

Contractual rental payments 88.03 71.78 112.89 0.91 273.61

166
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Total 88.03 71.78 112.89 0.91 273.61

(v) Rental expense recorded as short-term leases in current year amounts to Rs. 50.79 Crores (31 March 2020 : Rs. 46.95 Crores)s

167
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are any arrangements involving legal form of lease No No

168
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are any service concession arrangments No No

169
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612500] Notes - Share-based payment arrangements

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Textual
Disclosure of share-based payment arrangements [Text Block] Information (37)
Whether there are any share based payment arrangement Yes Yes
Number of share options outstanding in share based payment arrangement [Abstract]
Number of share options granted in share-based payment arrangement [pure] 25,812.00 [pure] 3,310.00
Number of share options forfeited in share-based payment arrangement [pure] -389.00 [pure] 0
Number of share options exercised in share-based payment arrangement [pure] -1,860.00 [pure] 0
Number of share options expired in share-based payment arrangement [pure] 0 [pure] 0
Total changes of number of share options outstanding in share based payment
arrangement [pure] 23,563.00 [pure] 3,310.00
Number of share options outstanding in share-based payment arrangement at end of
period [pure] 26,873.00 [pure] 3,310.00 [pure] 0
Number of share options exercisable in share-based payment arrangement [pure] 21,075.00 [pure] 0
Weighted average exercise price of share options outstanding in share-based
payment arrangement at end of period 0
Number of other equity instruments outstanding in share based payment
arrangement [Abstract]
Number of other equity instruments granted in share-based payment arrangement [pure] 0 [pure] 0
Total changes of number of other equity instruments outstanding in share-based
payment arrangement [pure] 0 [pure] 0
Number of other equity instruments granted in share-based payment arrangement [pure] 0 [pure] 0

Disclosure of terms and conditions of share-based payment arrangement [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Types of share-based payment arrangements [Axis] Column 1
Period FY 2021 FY 2020
Disclosure of terms and conditions of share-based payment arrangement [Abstract]
Disclosure of terms and conditions of share-based payment arrangement [Line items]
Description of share-based payment arrangement Refer Note No. 47 Refer Note No. 47
As per Employee As per Employee
Stock Option Plan Stock Option Plan
Description of vesting requirements for share-based payment arrangement - 2019 - 2019

Textual information (37): Disclosure of share-based payment arrangements [Text Block]

46. Share based payments


During the year ended 31 March 2020, the group introduced the Employee Stock Option Plan - 2019 ("ESOP 2019”) for the benefit of the
employees of the group, its subsidiaries, as approved by the Board of Directors in its meeting held on 20 August 2019. ESOP 2019 provides for
the creation and issue of equity share options that would eventually convert into equity shares of one each in the hands of the employees of
the group and its subsidiaries. The options are to be granted to the eligible employees as per the eligibility criteria as determined by the board at
its sole discretion. The share options vest in a graded manner over the period of four years and are exercisable from the date of vesting until the
earlier of the initial public offer of the shares of the group ("IPO") or liquidation event. In the event of an IPO or liquidation event:
(a) all vested options shall be mandatorily exercisable prior to an IPO / liquidation event per the timelines decided by the board or else, such
options shall lapse
(b) all unvested options, shall be vested and be mandatorily exercisable prior to an IPO / liquidation event per the timelines decided by the board
or else, such options shall lapse.
Pursuant to ESOP 2019, the Parent granted 23,952 share options till 31 March 2021 (previous year: 5,170) to employees of the Parent and its
subsidiary. The stock compensation expense recognised for employee services received during the Year ended March 31, 2021 and 2020 were
Rs. 464.51 crores and Rs. 0.25 crores respectively. The stock compensation expense recognised for employees of subsidiary during the Year
ended March 31, 2021 and 2020 were Rs.2.16 crores and Rs. 0.57 crores respectively.
Expected volatility has been based on comparable companies based on similarity of business model of the Group.
The activity in this stock option plan is summarized below:
The weighted average remaining contractual life for the stock options outstanding as at 31 March 2021 is 2.12 years (previous year: 3.35 years).
The exercise price for the stock options outstanding as at 31 March 2021 is Rs. 19,842 (previous year : Rs. 1,14,071).
Fair value presentation
Options have been valued based on fair value method as described under IND AS 102 Share Based Payments using Black Scholes valuation
options-pricing model, using the fair value of the group's shares as on the grant date.
Table 1

Particulars 31 March 2021 31 March 2020

170
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Weighted average Weighted average


No of options No of options
exercise price exercise price

Outstanding as at the beginning of the year


3,310 1,21,922 - -
(Nos.)

Options granted during the year (Nos.) 1,785 2,31,782 - -

15,000 4,340 - -

9,027 10 - -

- - 3,310 1,21,922

Forfeited during the year (Nos.) 389 1,21,922 - -

Exercised during the year (Nos.) 1,860 10 - -

Expired during the year (Nos.) - - - -

Outstanding at the end of the year (Nos.) 1,785 2,31,782 - -

2,921 1,21,922 - -

15,000 4,340 - -

7,167 10 - -

- - 3,310 1,21,922

Exercisable at the end of the year(Nos.) 15,000 4,340 - -

6,075 10 - -

Weighted average share price at the date of


2,13,032
exercise (Rs)

Table 2

31 March 2021 31 March 2020

Date of grant Number of shares Date of grant Number of shares

01 April, 2020 21,100 01 May, 2019 113

03 April, 2020 1,092 01 June, 2019 155

20 April, 2020 49 01 July, 2019 108

01 June, 2020 2 01 August, 2019 181

25 June, 2020 1,860 06 September, 2019 2,380

09 July, 2020 10 01 October, 2019 147

16 July, 2020 8 01 November, 2019 63

21 July, 2020 37 01 December, 2019 55

01 September, 2020 78 01 February, 2020 108

21 September, 2020 157

22 September, 2020 8

01 October, 2020 21

12 October, 2020 105

14 October, 2020 17

16 October, 2020 37

20 October, 2020 27

10 November, 2020 126

17 November, 2020 21

16 December, 2020 42

24 March, 2021 1,015

25,812 3,310

Table 3

171
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Particulars 31 March 2021 31 March 2020

Vesting period (years) Upto 4 years 4 years

Expected life of option (years) 3 years 4 years

Expected volatility 44.6% 50%

Risk free rate 5.4% 6%

Expected dividends expressed as a dividend yield - -

Weighted average fair value at the date of grant (Rs) 2,01,761 9,733

172
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612600] Notes - Employee benefits

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of employee benefits [Text Block] Information (38)
Whether there are any defined benefit plans Yes Yes

Disclosure of defined benefit plans [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Defined benefit plans [Axis] Defined benefit plans [Member] Domestic defined benefit plans [Member]
Defined benefit plans categories [Axis] Column 1
Period FY 2021 FY 2020 FY 2021 FY 2020
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan Gratuity plan Gratuity plan Gratuity plan Gratuity plan
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value 46.17 22.23 46.17 22.23
Net surplus (deficit) in plan -46.17 -22.23 -46.17 -22.23
Actuarial assumption of discount rates 6.95% 7.1% 6.95% 7.1%
Actuarial assumption of expected rates of salary increases 8% 8% 8% 8%

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Defined benefit plans [Axis] Defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
Defined benefit plans categories [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratuity plan Gratuity plan
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 16.22 8.68
Interest expense (income), net defined benefit liability (assets) 1.56 0.80
Gain (loss) on remeasurement, net defined benefit liability (assets) [Abstract]
Actuarial losses (gains) arising from changes in financial assumptions, net
defined benefit liability (assets) -3.43 -2.51
Total loss (gain) on remeasurement, net defined benefit liability (assets) -3.43 -2.51
Payments in respect of settlements, net defined benefit liability (assets) -0.77 -0.20
Increase (decrease) through other changes, net defined benefit liability (assets) 2.74 -0.20
Total increase (decrease) in net defined benefit liability (assets) 23.95 11.79
Net defined benefit liability (assets) at end of period 46.17 22.22 10.43

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
Defined benefit plans categories [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratuity plan Gratuity plan
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 16.22 8.68
Interest expense (income), net defined benefit liability (assets) 1.56 0.80
Gain (loss) on remeasurement, net defined benefit liability (assets) [Abstract]
Actuarial losses (gains) arising from changes in financial assumptions, net
defined benefit liability (assets) -3.43 -2.51
Total loss (gain) on remeasurement, net defined benefit liability (assets) -3.43 -2.51
Payments in respect of settlements, net defined benefit liability (assets) -0.77 -0.20
Increase (decrease) through other changes, net defined benefit liability (assets) 2.74 -0.20
Total increase (decrease) in net defined benefit liability (assets) 23.95 11.79
Net defined benefit liability (assets) at end of period 46.17 22.22 10.43

Disclosure of net defined benefit liability (assets) [Table] ..(3)

173
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Unless otherwise specified, all monetary values are in Crores of INR


Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Net defined benefit liability (assets) [Axis] Present value of defined benefit obligation [Member]
Defined benefit plans categories [Axis] Column 1
Period FY 2021 FY 2020 FY 2019
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratuity plan Gratuity plan
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 16.22 8.68
Interest expense (income), net defined benefit liability (assets) 1.56 0.80
Gain (loss) on remeasurement, net defined benefit liability (assets) [Abstract]
Actuarial losses (gains) arising from changes in financial assumptions, net
defined benefit liability (assets) -3.43 -2.51
Total loss (gain) on remeasurement, net defined benefit liability (assets) -3.43 -2.51
Payments in respect of settlements, net defined benefit liability (assets) -0.77 -0.20
Increase (decrease) through other changes, net defined benefit liability (assets) 2.74 -0.20
Total increase (decrease) in net defined benefit liability (assets) 23.95 11.79
Net defined benefit liability (assets) at end of period 46.17 22.22 10.43

Textual information (38): Disclosure of employee benefits [Text Block]

31. Employee benefits


(a) Defined contribution plans
The Group makes contributions to Provident Fund and Employee State Insurance Scheme which are defined contribution plans, for qualifying
employees. Under the Schemes, the Group is required to contribute a specified percentage of the payroll costs to fund the benefits. The Group
recognised Rs.59.73 crore (Year ended 31 March 2020: Rs. 26.67 crore) towards Provident Fund contributions and Rs. 0.07 crore (Year ended
31 March 2020: Rs. 0.19 crore) towards Employee State Insurance Scheme contributions in the Consolidated Statement of Profit and Loss.
Tangible Play Inc., a subsidiary in United States of America has a 401(k) plan to provide defined contribution retirement plan benefits to
employees, who become eligible to participate in the plan upon employment. Eligible employees may elect to contribute a percentage of their
compensation to the plan, subject to limitations under the Internal Revenue Code. The subsidiary may make discretionary matching contributions
to the plan. In financial year ended March 31,2021, the subsidiary made no discretionary matching contributions to the plan.
(b) Defined benefit plans
Gratuity: Every employee is entitled to a benefit equivalent to fifteen days' last drawn salary for each completed year of service in line with the
Payment of Gratuity Act, 1972. The same is payable at the time of separation from the Group or retirement, whichever is earlier. The benefit
vests after five years of continuous service. The plan is not funded.
Compensated absences : The Group’s liability towards compensated absences is determined by actuarial valuation using Projected Unit Credit
Method based on accumulated leave credit outstanding to the employee's credit as on the balance sheet date is not funded and amounts to Rs.
52.18 crore (As at 31 March 2020: Rs. 20.52 crore)
A. i. Expense recognised in Statement of profit and loss
(Rs. Crores)

Particulars Year ended 31 March, 2021 Year ended 31 March, 2020

i. Amounts recognised in comprehensive income in respect of defined benefit


plans are as follows:

Components of employer's expense

Current service cost 16.22 8.68

Past service cost - -

Interest cost 1.56 0.80

Total expense recognised in the Statement of Profit and Loss 17.78 9.48

ii. Remeasurements recognised in other comprehensive income are as follows:

Actuarial losses/(gains) 3.43 2.51

Return on plan assets excluding interest income - -

3.43 2.51

Total 3.43 2.51

(Rs. Crores)

Particulars Year ended 31 March, 2021 Year ended 31 March, 2020

Gain or loss from changes in financial assumptions 1.27 2.65

174
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Gain or loss from changes in demographic assumptions - -

Gain or loss from experience adjustments 2.16 (0.14)

Total 3.43 2.51

B. Amount recognised in the balance sheet


(Rs. Crores)

Particulars Year ended 31 March, 2021 Year ended 31 March, 2020

Present value of defined benefit obligation recognised in the


46.17 22.23
balance sheet

Current portion 0.59 0.31

Non current portion 45.58 21.92

C. Reconciliation of the net defined benefit (asset)/ liability


The following table shows a reconciliation from the opening balances to the closing balances for the net defined benefit (asset) liability and its
components
(Rs. Crores)

Particulars Year ended 31 March, 2021 Year ended 31 March, 2020

Reconciliation of present value of defined benefit obligation

Opening balance 22.22 10.43

Benefits paid (0.77) (0.20)

Current service cost 16.62 8.68

Pursuant to business combination 2.82 -

Interest cost 1.56 0.80

Past service Cost - -

Actuarial (gains) losses recognised in other comprehensive income 3.43 2.51

Others 0.29 -

Balance 46.17 22.22

Plan assets - -

Net defined benefit liability 46.17 22.22

C. Plan assets
The Group does not have any plan assets.
D. Defined Benefit obligations
i. Actuarial assumptions

Particulars Year ended 31 March, 2021 Year ended 31 March, 2020

Discount rate (per annum) 6.95% 7.10%

Expected return on plan assets - -

Salary escalation 8.00% until year 3 inclusive, then 7.00% 8.00% until year 4 inclusive, then 7.00%

The estimate of future salary increases considered in actuarial valuation takes into account the inflation, seniority, promotion, increments and
other relevant factors. The actuarial assumptions used for valuation of compensated absences is same as those used for gratuity.
Maturity profile of defined benefit obligation

Particulars March 31, 2021 March 31, 2020

Within 1 year 0.59 0.31

1-2 years 1.10 0.44

2-3 years 1.39 0.83

3-4 years 2.00 0.97

4-5 years 2.82 1.21

5-10 years 206.84 116.52

ii. Sensitivity analysis


(Rs. Crores)

175
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

For the year ended For the year ended


Particulars
31 March 2021 31 March 2020

Decrease in Gratuity Decrease in Gratuity


Increase in Gratuity liability Increase in Gratuity liability
liability liability

Discount rate (0.5% movement) (3.72) 4.02 (1.98) 2.26

Future salary growth (0.5%


4.00 (3.64) 2.05 (1.84)
movement)

Although the analysis does not take account of the full distribution of cash flows expected under the plan, it does provide an approximation of the
sensitivity of the assumptions shown.
The company has ramped up its operations, accordingly there was an increase in number of employees from 12,715 at the beginning of the year
to 25,120 at the end of the year.

176
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612700] Notes - Income taxes

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of income tax [Text Block] Information (39)
Major components of tax expense (income) [Abstract]
Current tax expense (income) and adjustments for current tax of prior periods [Abstract]
Current tax expense (income) 0.65 0.07
Total current tax expense (income) and adjustments for current tax of prior periods 0.65 0.07
Other components of deferred tax expense (income) -35.35 -56.14
Total tax expense (income) -34.70 -56.07
Current and deferred tax relating to items charged or credited directly to equity [Abstract]
Deferred tax relating to items credited (charged) directly to equity 0 0
Reconciliation of accounting profit multiplied by applicable tax rates [Abstract]
Accounting profit 0 0
Tax expense (income) at applicable tax rate -34.70 -56.07
Total tax expense (income) -34.70 -56.07
Reconciliation of average effective tax rate and applicable tax rate [Abstract]
Accounting profit 0 0

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Temporary difference, unused tax losses and unused tax credits
Temporary difference, unused tax losses and unused tax credits [Axis] [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0
Deferred tax liabilities 233.52 77.60
Net deferred tax liability (assets) 233.52 77.60 133.74
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 233.52 77.60
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Deferred tax relating to items credited (charged) directly to equity 0 0
Aggregated income tax relating to components of other comprehensive income 0 0
Increase (decrease) through business combinations, deferred tax liability (assets) 0 0
Increase (decrease) through loss of control of subsidiary, deferred tax liability
(assets) 0 0
Increase (decrease) through net exchange differences, deferred tax liability
(assets) 191.27 0
Total increase (decrease) in deferred tax liability (assets) 155.92 -56.14
Deferred tax liability (assets) at end of period 233.52 77.60 133.74
Refer to Note 37 - Refer to Note 37 -
Description of other temporary differences Income Taxes Income Taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Temporary difference, unused tax losses and unused tax credits [Axis] Temporary differences [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0
Deferred tax liabilities 233.52 77.60
Net deferred tax liability (assets) 233.52 77.60 133.74
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 233.52 77.60

177
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Deferred tax expense (income) [Abstract]


Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Deferred tax relating to items credited (charged) directly to equity 0 0
Aggregated income tax relating to components of other comprehensive income 0 0
Increase (decrease) through business combinations, deferred tax liability (assets) 0 0
Increase (decrease) through loss of control of subsidiary, deferred tax liability
(assets) 0 0
Increase (decrease) through net exchange differences, deferred tax liability
(assets) 191.27 0
Total increase (decrease) in deferred tax liability (assets) 155.92 -56.14
Deferred tax liability (assets) at end of period 233.52 77.60 133.74
Refer to Note 37 - Refer to Note 37 -
Description of other temporary differences Income Taxes Income Taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(3)

Unless otherwise specified, all monetary values are in Crores of INR


Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0
Deferred tax liabilities 233.52 77.60
Net deferred tax liability (assets) 233.52 77.60 133.74
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 233.52 77.60
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Deferred tax relating to items credited (charged) directly to equity 0 0
Aggregated income tax relating to components of other comprehensive income 0 0
Increase (decrease) through business combinations, deferred tax liability (assets) 0 0
Increase (decrease) through loss of control of subsidiary, deferred tax liability
(assets) 0 0
Increase (decrease) through net exchange differences, deferred tax liability
(assets) 191.27 0
Total increase (decrease) in deferred tax liability (assets) 155.92 -56.14
Deferred tax liability (assets) at end of period 233.52 77.60 133.74
Refer to Note 37 - Refer to Note 37 -
Description of other temporary differences Income Taxes Income Taxes

Disclosure of temporary difference, unused tax losses and unused tax credits [Table] ..(4)

Unless otherwise specified, all monetary values are in Crores of INR


Temporary difference, unused tax losses and unused tax credits [Axis] Other temporary differences 1 [Member]
Period FY 2021 FY 2020 FY 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [Abstract]
Disclosure of temporary difference, unused tax losses and unused tax credits [Line
items]
Deferred tax assets and liabilities [Abstract]
Deferred tax assets 0 0
Deferred tax liabilities 233.52 77.60
Net deferred tax liability (assets) 233.52 77.60 133.74
Net deferred tax assets and liabilities [Abstract]
Net deferred tax assets 0 0
Net deferred tax liabilities 233.52 77.60
Deferred tax expense (income) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14
Reconciliation of changes in deferred tax liability (assets) [Abstract]
Changes in deferred tax liability (assets) [Abstract]
Deferred tax expense (income) recognised in profit or loss -35.35 -56.14

178
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Deferred tax relating to items credited (charged) directly to equity 0 0


Aggregated income tax relating to components of other comprehensive income 0 0
Increase (decrease) through business combinations, deferred tax liability (assets) 0 0
Increase (decrease) through loss of control of subsidiary, deferred tax liability
(assets) 0 0
Increase (decrease) through net exchange differences, deferred tax liability
(assets) 191.27 0
Total increase (decrease) in deferred tax liability (assets) 155.92 -56.14
Deferred tax liability (assets) at end of period 233.52 77.60 133.74
Refer to Note 37 - Refer to Note 37 -
Description of other temporary differences Income Taxes Income Taxes

Textual information (39): Disclosure of income tax [Text Block]

37. Income taxes


(a) During the year, the Parent did not earn taxable profits and / or book profits. Accordingly, no provision has been made for current or minimum
alternate tax.
As at 31 March 2021, the group has a net deferred tax asset, on account of unabsorbed depreciation and carried forward loss. The same has not
been recognized in the absence of reasonable certainty of taxable profits in the near future.
(b) Deferred tax (liabilities)/ assets :
(Rs. Crores)

As at As at As at
Particulars
31 March, 2021 31 March, 2020 01 April, 2019

Deferred tax liabilities:

Property, plant and equipment - (0.54) (0.02)

Intangibles (233.49) (77.11) (133.77)

(233.49) (77.65) (133.79)

Deferred tax assets:

Property, plant and equipment (0.11) - (0.03)

Provision for employee benefits 0.08 0.05 0.08

(0.03) 0.05 0.05

Deferred tax asset/ (liabilities) (net) (233.52) (77.60) (133.74)

(c) Movement in temporary differences


(Rs. Crores)

Recognized in Profit or
Balances as at April Additions through Recognized in OCI Balances as at
Particulars loss during 2020-21
1, 2020 business combination during 2020-21 March 31, 2021
charge / (credit)

Property, plant, and equipment (0.54) - 0.43 - (0.11)

On Intangibles recognized on
(77.11) (191.25) 34.87 - (233.49)
consolidation

Provision for employee benefits 0.03 - 0.05 - 0.08

Others 0.02 - - (0.02) -

Total (77.60) (191.25) 35.35 (0.02) (233.52)

(Rs. Crores)

Additions through Recognized in Profit or Recognized in


Balances as at April Balances as at March
Particulars business loss during 2020-21 OCI during
1, 2019 31, 2020
combination charge/ (credit) 2020-21

Property, plant, and equipment (0.12) - (0.42) - (0.54)

On Intangibles recognized on
(133.77) - 56.67 - (77.10)
consolidation

Provision for employee benefits 0.08 - (0.05) - 0.03

Others 0.07 - (0.06) - 0.01

Total (133.74) - 56.14 - (77.60)

179
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

(d) Reconciliation of effective tax rate


(Rs. Crores)

As at As at
Particulars
31 March, 2021 31 March, 2020

Loss before tax (4599.08) (318.20)

Tax using the group’s domestic tax rate (Current year 25.168% and
(1,158.05) (80.12)
Previous Year 25.18%)

Change in rate - 28.85

On impact of Ind AS 116 39.15 (2.45)

Expenses not deductible for tax purpose - (2.42)

Unrecognized deferred taxes 1083.55 -

Others 0.65 0.09

Current and deferred tax expense reported in the consolidated statement


(34.70) (56.07)
of profit and loss

180
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether any borrowing costs has been capitalised during the year No No

181
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there are any insurance contracts as per Ind AS 104 No No

182
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of earnings per share [Text Block] Information (40)
Basic earnings per share [Abstract]
[INR/shares] [INR/shares]
Basic earnings (loss) per share from continuing operations -13,051.34 -1,045.79
[INR/shares] [INR/shares]
Total basic earnings (loss) per share -13,051.34 -1,045.79
Diluted earnings per share [Abstract]
[INR/shares] [INR/shares]
Diluted earnings (loss) per share from continuing operations -13,051.34 -1,045.79
[INR/shares] [INR/shares]
Total diluted earnings (loss) per share -13,051.34 -1,045.79
Profit (loss), attributable to ordinary equity holders of parent entity [Abstract]
Profit (loss), attributable to ordinary equity holders of parent entity 0 0
Profit (loss), attributable to ordinary equity holders of parent entity including dilutive effects 0 0
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 0 [shares] 0

Textual information (40): Disclosure of earnings per share [Text Block]

36. Earnings per share


(Rs. Crores)

For the year ended For the year ended


Particulars
31 March, 2021 31 March, 2020

Loss after tax (4,564.38) (305.50)

Adjustments:

(i) Dividends on convertible preference shares and tax thereon - -

(ii) Expenses incurred in connection with issue of shares (6.22) (40.13)

Loss attributable to equity shareholders (4,570.60) (345.63)

Weighted average number of equity shares including effect of conversion of


35,02,015 33,04,953
CCCPS for basic EPS

Basic earnings per share (Rs.) (13,051.34) (1,045.79)

Diluted earnings per share (Rs.)* (13,051.34) (1,045.79)

*Since there is a loss, potential equity shares are not considered as dilutive.
Hence diluted EPS is same as basic EPS
(Nominal value per share - Rs. 10)

183
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Whether there is any change in functional currency during the year No No
Description of functional currency INR INR
Description of presentation currency INR

184
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Cash and cash equivalents if different from balance Sheet [Abstract]
Cash and cash equivalents cash flow statement 2,675.43 645.57 468.70
Cash and cash equivalents 2,675.43 645.57 468.70
Income taxes paid (refund) [Abstract]
Income taxes paid (refund), classified as operating activities 73.44 9.11
Total income taxes paid (refund) 73.44 9.11

185
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020
Textual
Disclosure of entity's operating segments [Text Block] Information (41)
Whether there are any reportable segments No No
Whether there are any major customers No No

Textual information (41): Disclosure of entity's operating segments [Text Block]

34. Operating segment


The Group’s Chief Operating Decision-Maker (CODM) is considered to be the Parent’s CEO & Managing Director ('MD'). The CODM evaluates
the Group's performance on an overall basis. The Group is engaged in the business of providing Educational technology (Edu-tech) products and
services which constitutes a single operating segment for the purpose of decision making for allocation of resources and assessing performance.
Accordingly, no additional disclosure is required to be provided under Ind AS 108, other than those provided below.
Entity wide disclosures - information about Geographical areas:
(i) Revenue from external customers:
(Rs. Crores)

As at As at
Particulars
31 March 2021 31 March 2020

India 987.67 1,603.65

USA 795.59 341.17

Middle east 497.00 244.17

Total 2,280.26 2,188.99

(ii) Non-current assets*


(Rs. Crores)

As at As at
Particulars
31 March 2021 31 March 2020

India 1,815.69 1,225.15

USA 1,888.44 1,012.97

Vietnam 13.95 -

Total 5,862.04 2,848.47

* Non-current assets exclude financial instruments and deferred taxes.

186
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[613400] Notes - Consolidated Financial Statements

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Whether consolidated financial statements is applicable on company Yes

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 1 Column 2 Column 3 Column 4
Period FY 2021
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [Line Items]
Whitehat
Span Specadel Byju's K3 Education
Thoughtworks Technologies Education Private Technology
Name of subsidiary consolidated Private Limited Private Limited Limited Private Limited
Principal place of business of subsidiary consolidated India India India India
Country of incorporation or residence of subsidiary
consolidated India India India India
Date of end of reporting period of financial statements of
subsidiary consolidated 31/03/2021 31/03/2021 31/03/2021 31/03/2021
Description of reason why using different reporting date or
period for subsidiary consolidated NA NA NA NA
Proportion of ownership interest in subsidiary consolidated 100% 100% 100% 76.06%
Proportion of voting power held in subsidiary consolidated 100% 100% 100% 76.06%

Disclosure of details of subsidiaries [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Subsidiaries [Axis] Column 5 Column 6 Column 7
Period FY 2021
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [Line Items]
Name of subsidiary consolidated Byju's INC Tangible Play Inc. Byjus Pte Ltd
Principal place of business of subsidiary consolidated USA USA Singapore
Country of incorporation or residence of subsidiary consolidated USA USA Singapore
Date of end of reporting period of financial statements of subsidiary consolidated 31/03/2021 31/03/2021 31/03/2021
Description of reason why using different reporting date or period for subsidiary
consolidated NA NA NA
Proportion of ownership interest in subsidiary consolidated 100% 100% 100%
Proportion of voting power held in subsidiary consolidated 100% 100% 100%

Disclosure of details of entities consolidated [Table] ..(1)

Unless otherwise specified, all monetary values are in Crores of INR


Entities consolidated [Axis] Column 1 Column 2 Column 3 Column 4
Period FY 2021
Disclosure of additional information consolidated financial
statements [Abstract]
Disclosure of additional information consolidated financial
statements [Line items]
Span Specadel Byju's K3
Think & Learn Thoughtworks Technologies Education Private
Name of entity consolidated Private Limited Private Limited Private Limited Limited
Type of entity consolidated Parent Indian Subsidiary Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated 5,884.93 9.01 0.17 647.10
Net assets of entity as percentage of consolidated net assets 75.09% 0.11% 0% 8.26%
Amount of share in profit or loss of entity consolidated -2,851.53 -0.11 -4.00 -0.39
Share in profit or loss of entity as percentage of consolidated
profit or loss 67.69% 0% 0.1% 0.01%
Amount of share in other comprehensive income consolidated -2.26 0 -0.01 -0.04
[Crores of pure] [Crores of pure] [Crores of pure]
Share in other comprehensive income consolidated 0.00000000937 [Crores of pure] 0 0.00000000004 0.00000000017
Amount of share in comprehensive income consolidated -2,833.79 -0.11 -4.01 -0.43
[Crores of pure] [Crores of pure] [Crores of pure]
Share in comprehensive income consolidated 0.00000006735 [Crores of pure] 0 0.0000000001 0.00000000001

187
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Disclosure of details of entities consolidated [Table] ..(2)

Unless otherwise specified, all monetary values are in Crores of INR


Entities consolidated [Axis] Column 5 Column 6 Column 7 Column 8
Period FY 2021
Disclosure of additional information consolidated financial
statements [Abstract]
Disclosure of additional information consolidated financial
statements [Line items]
Whitehat
Education
Technology
Name of entity consolidated Private Limited Byju's INC Tangible Play Inc. Byjus Pte Ltd
Foreign Foreign Foreign
Type of entity consolidated Indian Subsidiary Subsidiary Subsidiary Subsidiary
Amount of net assets of entity consolidated 512.51 448.73 332.13 2.58
Net assets of entity as percentage of consolidated net assets 6.54% 5.73% 4.24% 0.03%
Amount of share in profit or loss of entity consolidated -1,118.25 -1.52 -227.42 -0.15
Share in profit or loss of entity as percentage of consolidated
profit or loss 26.73% 0.04% 5.44% 0%
Amount of share in other comprehensive income consolidated -0.57 -11.39 -9.83 -0.01
[Crores of pure] [Crores of pure] [Crores of pure] [Crores of pure]
Share in other comprehensive income consolidated 0.00000000236 0.00000004724 0.00000004077 0.00000000004
Amount of share in comprehensive income consolidated -1,118.82 -12.91 -237.25 -0.16
[Crores of pure] [Crores of pure] [Crores of pure]
Share in comprehensive income consolidated 0.00000002659 0.00000000031 0.00000000564 [Crores of pure] 0

188
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021 FY 2020 FY 2019
Disclosure of general information about company [Abstract]
Disclosure of company information [Abstract]
THINK &
LEARN
PRIVATE
Name of company LIMITED
U80903KA2011P
Corporate identity number TC061427
Permanent account number of entity AAECT0931A
IBC Knowledge
Park, 4/1, 2nd
Floor, Tower D
Bannerghatta
Main Road
Bangalore
Bangalore KA
Address of registered office of company 560029 IN
Commercial and
Type of industry Industrial
Disclosure of document information [Abstract]
01-04-2019 To 31-03-2019 To
Period covered by financial statements 12 months 31-03-2020 31-03-2019
Date of start of reporting period 01/04/2020 01/04/2019 31/03/2019
Date of end of reporting period 31/03/2021 31/03/2020 31/03/2019
Nature of report standalone consolidated Consolidated
Financial
Content of report Statements
Description of presentation currency INR
Level of rounding used in financial statements Crores
Type of cash flow statement Indirect Method

189
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

[700400] Disclosures - Auditors report

Unless otherwise specified, all monetary values are in Crores of INR


Period FY 2021
Textual
Disclosure in auditor’s report explanatory [Text Block] Information (42)
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or contains adverse remarks Yes
Refer to Auditors'
Auditor's qualification(s), reservation(s) or adverse remark(s) in auditors' report Report

Details regarding auditors [Table]


Unless otherwise specified, all monetary values are in Crores of INR
Auditors [Axis] Column 1
Period FY 2021
Details regarding auditors [Abstract]
Details regarding auditors [Line Items]
Category of auditor Auditors firm
Deloitte Haskins
Name of audit firm & Sells LLP
SATHYA
PRAMOD
Name of auditor signing report KOUSHIK
Firms registration number of audit firm 008072S
Membership number of auditor 206920
Prestige Trade
Tower, Level 19,
46, Palace Road,
High Grounds,
Address of auditors Bangalore-560001
Permanent account number of auditor or auditor's firm AACFD4815A
SRN of form ADT-1 R90280413
Date of signing audit report by auditors 30/08/2022
Date of signing of balance sheet by auditors 30/08/2022

Textual information (42): Disclosure in auditor’s report explanatory [Text Block]

INDEPENDENT AUDITOR'S REPORT


To The Members of Think & Learn Private Limited
Report on the Audit of the Consolidated Financial Statements Opinion
We have audited the accompanying consolidated financial statements of Think & Learn Private Limited ("the Company"/"the Parent") and its
subsidiaries, (the Parent and its subsidiaries together referred to as "the Group"), which comprise the Consolidated Balance Sheet as at March
31, 2021, and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), the Consolidated Statement of Changes
in Equity and the Consolidated Statement of Cash Flows for the year then ended, and a summary of significant accounting policies and other
explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of reports of the
other auditors on separate financial statements of the subsidiaries referred to in the Other Matters section below, the aforesaid consolidated
financial statements give the information required by the Companies Act, 2013 ("the Act") in the manner so required and give a true and fair view
in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting
Standards) Rules, 2015, as amended ('Ind AS'), and other accounting principles generally accepted in India, of the consolidated state of affairs of
the Group as at March 31, 2021, and their consolidated loss, their consolidated total comprehensive loss, their consolidated changes in equity
and their consolidated cash flows for the year ended on that date.
We have also audited the internal financial controls over financial reporting in accordance with the Guidance Note on Audit of Internal Financial
Controls over Financial Reporting issued by the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under
Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls and our report in Annexure A dated
August 30, 2022, expressed an adverse opinion on the Parent and the subsidiaries' (incorporated in India) internal controls over financial
reporting because of material weaknesses (refer to Paragraph l(g) under Report on Other Legal and Regulatory Requirements section below).
Basis for Opinion
We conducted our audit of the consolidated financial statements in accordance with the Standards on Auditing specified under section 143(10) of
the Act (SAs). Our responsibilities under those Standards are further described in the Auditor's Responsibility for the Audit of the Consolidated
Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of
Chartered Accountants of India (!CAI) together with the ethical requirements that are relevant to our audit of the consolidated financial
statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our other ethical responsibilities in accordance
with these requirements and the !CAi's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the
other auditors in terms of their reports referred to in the Other Matters section below, is sufficient and appropriate to provide a basis for our audit
opinion on the consolidated financial statements.

190
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Emphasis of Matter
We draw attention to:
1. Note 24(i) of the consolidated financial statements. As fully described therein, revenues from transfer of products under deferred payment
terms totalling Rs. 1,156.27 crores (based on consideration that the Parent is entitled for such transfers) has not been recognised because these
transfers did not meet the criteria in respect of collections on the date of the transfers.
2. Note l(b) of the consolidated financial statements which fully describes the impact of retrospective adjustments and the consequential changes
in the corresponding figures for the year ended March 31, 2020.
Our opinion is not modified in respect of these matters.
Information Other than the Financial Statements and Auditor's Report Thereon
• The Parent's Board of Directors is responsible for the other information. The other information comprises the information included in the
Directors' report, but does not include the consolidated financial statements, standalone financial statements and our auditor's report thereon.
• Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
• In connection with our audit of the consolidated financial statements, our responsibility is to read the other information, compare with the
financial statements of the subsidiaries audited by the other auditors, to the extent it relates to these entities and, in doing so, place reliance on
the work of the other auditors and consider whether the other information is materially inconsistent with the consolidated financial statements or
our knowledge obtained during the course of our audit or otherwise appears to be materially misstated. Other information so far as it relates to
the subsidiaries, is traced from their financial statements audited by the other auditors.
• If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report
that fact. We have nothing to report in this regard.
Management's Responsibility for the Consolidated Financial Statements
The Parent's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these
consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance including
other comprehensive income, consolidated changes in equity and consolidated cash flows of the Group in accordance with the Ind AS and other
accounting principles generally accepted in India. The respective Board of Directors of the companies included in the Group are responsible for
maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and for
preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were
operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the
financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used
for the purpose of preparation of the consolidated financial statements by the Directors of the Parent, as aforesaid.
In preparing the consolidated financial statements, the respective Board of Directors of the companies included in the Group are responsible for
assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and
using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate their respective entities or to
cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of
the Group.
Auditor's Responsibility for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We
also:
Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform
audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk
of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Parent has adequate
internal financial controls system in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the
management.
• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group to continue as a
going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures
in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit
evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a
going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the
consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express
an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the audit of the

191
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

financial statements of such entities or business activities included in the consolidated financial statements of which we are the independent
auditors. For the entities or business activities included in the consolidated financial statements, which have been audited by the other auditors,
such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely
responsible for our audit opinion.
Materiality is the magnitude of misstatements in the consolidated financial statements that, individually or in aggregate, makes it probable that
the economic decisions of a reasonably knowledgeable user of the consolidated financial statements may be influenced. We consider
quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and ('i'I) to
evaluate the effect of any identified misstatements in the consolidated financial statements.
We communicate with those charged with governance of the Parent and such other entities included in the consolidated financial statements of
which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings,
including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.
Other Matters
We did not audit the financial statements of seven subsidiaries, whose financial statements reflect total assets of Rs. 3,001.18 crores as at March
31, 2021, total revenues of Rs. 948.48 crores and net cash outflows amounting to Rs. 7.29 crores for the year ended on that date, as considered
in the consolidated financial statements. These financial statements have been audited by other auditors whose reports have been furnished to
us by the Management and our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in
respect of these subsidiaries and our report in terms of subsection (3) of Section 143 of the Act, in so far as it relates to the aforesaid subsidiaries
is based solely on the reports of the other auditors.
Our opinion on the consolidated financial statements above and our report on Other Legal and Regulatory Requirements below, is not modified in
respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
Report on Other Legal and Regulatory Requirements
1. As required by Section 143(3) of the Act, based on our audit and on the consideration of the reports of the other auditors on the separate
financial statements of the subsidiaries referred to in the Other Matters section above we report, to the extent applicable, that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit of the aforesaid consolidated financial statements.
b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial statements have been
kept so far as it appears from our examination of those books, returns and the reports of the other auditors.
c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss including Other Comprehensive Income, the Consolidated
Statement of Changes in Equity and the Consolidated Statement of Cash Flows dealt with by this Report are in agreement with the relevant
books of account maintained for the purpose of preparation of the consolidated financial statements.
d) In our opinion, the aforesaid consolidated financial statements comply with the Ind AS specified under Section 133 of the Act.
e) The matters described in the Basis for Adverse Opinion section in our report on adequacy of the internal controls over financial reporting of the
Parent and its subsidiary companies, which are companies incorporated in India, and the operating effectiveness of such controls referred to in
Annexure A of our report, in our opinion, may have an adverse effect on the functioning of the Group.
f) On the basis of the written representations received from the directors of the Parent as on March 31, 2021 taken on record by the Board of
Directors of the Company and the reports of the statutory auditors of its subsidiary companies incorporated in India, none of the directors of the
Group companies, is disqualified as on 31st March, 2021 from being appointed as a director in terms of Section 164 (2) of the Act.
g) With respect to the adequacy of the internal financial controls over financial reporting and the operating effectiveness of such controls, refer to
our separate Report in "Annexure A" which is based on the auditors' reports of the Parent and subsidiary companies incorporated in India. Our
report expresses an adverse opinion on the adequacy and operating effectiveness of internal financial controls over financial reporting of those
companies for the reasons stated therein.
Reporting on the adequacy of Internal Financial Control Over Financial Reporting of the Company and the operating effectiveness of such
controls, under section 143(3)(i) of the Act is not applicable in respect of two subsidiary companies incorporated in India in view of the exemption
available to the subsidiary Companies in terms of the notification no. G.S.R. 583(E) dated 13 June 2017 issued by the Ministry of Corporate
Affairs, Government of India, read with general circular No. 08/2017 dated 25 July 2017.
h) With respect to the other matters to be included in the Auditor's Report, in accordance with the requirements of section 197(16) of the Act, as
amended:
In our opinion and to the best of our information and according to the explanations given to us, the Parent being a private company, section 197
of the Act related to the managerial remuneration is not applicable.
i) With respect to the other matters to be included in the Auditor's Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014, as amended, in our opinion and to the best of our information and according to the explanations given to us:
i) The consolidated financial statements disclose the impact of pending litigations on the consolidated financial position of the Group (Refer Note
32 to the consolidated financial statements);
ii) The Group did not have any material foreseeable losses on long-term contracts including derivative contracts.
iii) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Parent and its subsidiary
companies incorporated in India.
For DELOITTE HASKINS & SELLS
Chartered Accountants
(Firm’s Registration No. 008072S)
Sd/-

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THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

Sathya P Koushik Partner Membership No. 206920 UDIN: 22206920AQWRIV3763 Place: Bangalore Date: August 30, 2022
ANNEXURE "A" TO THE INDEPENDENT AUDITOR'S REPORT
Referred to in paragraph 1(g) under 'Report on Other Legal and Regulatory Requirements' section of our report of even date
Report on the Internal Financial Controls Over Financial Reporting under Clause (i) of Sub section 3 of Section 143 of the Companies Act, 2013
("the Act")
In conjunction with our audit of the consolidated financial statements of the Company as of and for the year ended March 31, 2021, we have
audited the internal financial controls over financial reporting of Think & Learn Private Limited (hereinafter referred to as Parent) and its
subsidiary companies, which are companies incorporated in India, as of that date.
Management's Responsibility for Internal Financial Controls
The respective Board of Directors of the Parent, its subsidiary companies, which are companies incorporated in India, are responsible for
establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the respective
Companies considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over
Financial Reporting issued by the Institute of Chartered Accountants of India (!CAI). These responsibilities include the design, implementation
and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its
business, including adherence to the respective company's policies, the safeguarding of its assets, the prevention and detection of frauds and
errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under
the Companies Act, 2013.
Auditor's Responsibility
Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Parent and its subsidiary companies,
which are companies incorporated in India, based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of
Internal Financial Controls Over Financial Reporting (the "Guidance Note") issued by the Institute of Chartered Accountants of India and the
Standards on Auditing, prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial
controls. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain
reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such
controls operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial
reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgement, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained and the audit evidence obtained by the other auditors of the subsidiary companies, which
are companies incorporated in India, in terms of their reports referred to in the Other Matters paragraph below, is sufficient. and appropriate to
provide a basis for our adverse audit opinion on the internal financial controls system over financial reporting of Parent, its subsidiary companies,
which are companies incorporated in India.
Meaning of Internal Financial Controls Over Financial Reporting
A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A company's internal financial control over financial reporting includes those policies and procedures that (l) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of
management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Inherent Limitations of Internal Financial Controls Over Financial Reporting
Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over
financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures
may deteriorate.
Basis for Adverse Opinion
According to the information and explanations given to us and based on our audit, the following material weaknesses have been identified in the
internal financial controls over financial reporting as at March 31, 2021:
1. Revenue recognition relating to assessment of terms of customer contracts, evaluation of probability of collection, determination of fair value of
guarantees given on behalf of customers, estimation of sales returns, and related access and change management controls which could
potentially result in inappropriate recognition of revenues.
2. Recording of customer-wise details of collections which may result in inadequate provision for expected credit loss.
3. Financial close and reporting process, because of lack of personnel with adequate experience and required competence in financial reporting
and internal control and absence of accounting manual which may result in the Parent not being able to prepare financial statements on a timely
basis in compliance with Indian Accounting Standards and applicable laws and regulations.
A 'material weakness' is a deficiency, or a combination of deficiencies, in internal financial control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a
timely basis.
Adverse Opinion

193
THINK & LEARN PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2020 to 31/03/2021 (generated by PrivateCircle)

In our opinion, to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the
auditors referred to in the Other Matters paragraph below, because of the possible effects of the material weaknesses described in Basis for
Adverse Opinion paragraph above on the achievement of the objectives of the control criteria, the Parent and its subsidiary companies, which
are companies incorporated in India, have not maintained adequate and effective internal financial controls over financial reporting as of March
31, 2021, based on the internal control over financial reporting criteria established by the Parent and its subsidiary companies incorporated in
India, considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting issued by the Institute of Chartered Accountants of India.
We have considered the material weaknesses identified and reported above in determining the nature, timing, and extent of audit tests applied in
our audit of the consolidated financial statements of the Company for the year ended March 31, 2021, and these material weaknesses do not
affect our opinion on the said consolidated financial statements of the Company (our report on the Consolidated Financial Statements includes
Emphasis of Matter paragraphs in respect of revenues and retrospective adjustments made in the corresponding figures for the year ended
March 31, 2020).
Other Matters
Our aforesaid report under Section 143(3)(i) of the Act on the adequacy and operating effectiveness of the internal financial controls over
financial reporting insofar as it relates to two subsidiary companies, which are companies incorporated in India, is based solely on the
corresponding reports of the auditors of such companies incorporated in India.
Our opinion is not modified in respect of the above matters.
For DELOITTE HASKINS & SELLS
Chartered Accountants
(Firm’s Registration No. 008072S)
Sd/-
Sathya P Koushik Partner Membership No. 206920 UDIN: 22206920AQWRIV3763 Place: Bangalore
Date: August 30, 2022

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