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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

52-Week Range
Valuation
Financials (FY2024-25)
Investment Thesis
AITMC Ventures Limited is a small, government-accredited skill development company in Haryana with a relatively short operating history (since 2016). The company benefits from multiple government scheme accreditations but operates in a challenging, fragmented, and policy-dependent sector. Given the lack of public data and unlisted status, it carries high information risk for investors.
Pros
Cons
Business Segments
Drone Pilot Training
70+ DGCA-approved drone training centers across 16 Indian states; trains commercial drone operators for agriculture, surveillance, and logistics.
Skill Development & Corporate Training
Corporate training programs and incubation support for startups in technology and drone ecosystems.
Incubation & Startup Support
Supports drone and tech startups through incubation programs aligned with government skill initiatives.
Revenue Model
AITMC Ventures generates revenue through drone pilot training fees (DGCA-approved courses), corporate training contracts, and skill development programs, with multi-state presence across 70+ centers funded in part by NSDC and institutional lenders.
Detailed Analysis
Growth Plans
India's demographic dividend requires large-scale vocational training — a multi-decade tailwind
Government's PM Vishwakarma and Skill India 2.0 initiatives expanding skilling budgets
Corporate demand for trained blue-collar and semi-skilled workers is rising
Potential future listing could unlock value and enhance credibility
Industry Tailwinds
Recent Developments
Revenue grew 87% YoY; PAT grew 59% YoY driven by expansion of drone training centers to 70+ locations across 16 states.
2025Largest single loan in borrowing history; total borrowings of Rs.94 Cr from ICICI Bank, HDFC Bank, and NSDC.
2024-07Bold step toward Rs.200 Cr IPO to fund expansion of drone training network and technology platforms.
2025Comparable Companies
NIITLTD · ~₹3,500 Cr (NSE-listed)
Frequently Asked Questions
About AITMC Ventures
AITMC Ventures Limited is a Gurugram, Haryana-based corporate training and skill development company incorporated in December 2016. The company is engaged in corporate training, professional development, and education services for businesses and professionals across India. The company operates from Udyog Vihar, Phase IV, Gurugram — the heart of India's corporate hub near New Delhi, providing access to a large client base of MNCs, startups, and Indian enterprises requiring training and development services. AITMC Ventures delivers corporate training programmes covering areas such as leadership development, technical skills, compliance training, sales effectiveness, and professional certifications. For FY2025, AITMC Ventures reported revenue of Rs 88.8 Crore — a significant scale for a corporate training company founded in 2016. With authorised capital of Rs 25 Crore and paid-up capital of Rs 17.95 Crore, the company has a substantial capital base supporting its operations. The corporate training market in India is estimated at Rs 35,000-40,000 Crore and growing at 12-15% annually, driven by increasing enterprise spending on workforce development, India's skills gap across sectors, and the government's National Skill Development Corporation (NSDC) initiatives. The company's board includes directors: Tarun Panghal, Preet Sandhu, Sanjay Kakra, and Permender Kumar Malik — indicating a management team with professional and corporate training expertise. AITMC Ventures has filed a DRHP (Draft Red Herring Prospectus) with NSE Emerge, indicating plans for a public listing.
Key Milestones
Incorporated December 21, 2016 in Haryana as the legal entity of AVPL International
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's demographic dividend requires large-scale vocational training — a multi-decade tailwind
Government's PM Vishwakarma and Skill India 2.0 initiatives expanding skilling budgets
Corporate demand for trained blue-collar and semi-skilled workers is rising
Potential future listing could unlock value and enhance credibility
Industry Headwinds
Policy uncertainty around government skilling program funding
Placement outcome requirements becoming stricter under revised NSDC norms
Inability to scale without equity infusion
Limited public financial data on profitability
Source: Media Reports / Public Records
NSE Emerge SME IPO market has limited liquidity
Source: Media Reports / Public Records
Revenue is largely dependent on government-sponsored skilling programs. Any budget reallocation, policy change, or change in scheme structure (as happened with PMKVY in 2022-23) can abruptly impact revenue.
Government reimbursements under schemes like DDU-GKY have historically been delayed, creating working capital stress for training partners.
Milestone-based payment model requires the company to achieve enrolment, training completion, and placement targets — all of which carry operational risk particularly in rural geographies.
Sector is fragmented with hundreds of NSDC-accredited training partners. Competition for government contracts and private clients is intense.
As an unlisted company, investor exit options are very limited and valuation is opaque.
APTECH · ~₹800 Cr (NSE-listed)
TEAMLEASE · ~₹4,500 Cr (NSE-listed)
Built 70+ drone training centers across 16 states in India
Revenue grew from Rs.46.8 Cr (FY24) to Rs.88.8 Cr (FY25) — 90% CAGR
PAT grew from Rs.8.8 Cr (FY24) to Rs.14 Cr (FY25)
Targeting Rs.200 Cr IPO — DRHP preparation underway