Aptech

Last updated

Aptech Ltd.
Company type Public
BSE:  532475
NSE:  APTECHT
IndustryNon-formal vocational training
Online and computer-based examinations
Founded1986 (1986)
Headquarters,
India
Key people
Dr. Anuj Kacker CEO (Interim)
RevenueDecrease2.svg95.68 crore (US$11 million) (2021)
Decrease2.svg12.26 crore (US$1.5 million) (2021) [1]
Total assets Decrease2.svg221.31 crore (US$26 million) (2021)
Total equity Decrease2.svg166.35 crore (US$20 million) (2021)
Website aptech-worldwide.com

Aptech Limited is an Indian multinational company that provides vocational training and education services. It was founded in 1986 and is headquartered in Mumbai, Maharashtra. [2]

Contents

History

Aptech Limited was founded in 1986 by Atul Nishar as a computer training institute in Mumbai. In 2003, the company was acquired by Kalpathi Suresh, owner of the Chennai-based IT training firm SSI. [2]

Two years later, Rakesh Jhunjhunwala purchased a majority stake and served as chairman until April 2021, when Vijay Aggarwal took over the role. [2]

Aptech began conducting recruitment and competitive examinations in the late 2000s. It reported administering 1.55 million online tests in 2012 and 1.81 million in 2013, including the Common Management Admission Test across 62 cities in India. [2]

Controversy

Blacklisting Controversy

Aptech Limited was blacklisted in May 2019 for three years by the Uttar Pradesh government after being found involved in fraud and irregularities while conducting recruitment exams for government posts. The company’s involvement in alleged scams in other states including Uttar Pradesh, Haryana, Rajasthan, and Assam has been documented, with several government recruitment and eligibility exams marred by paper leaks and procedural violations. [3]

Regulatory Penalty

In 2021, the Securities and Exchange Board of India (SEBI) fined Aptech ₹1 crore for violations of insider trading regulations. [4] [5]

Railway Exam Paper Leak

In January 2021, Aptech Limited allegated of involvement in the leakage of question papers and answers for the General Departmental Competitive Examination conducted by the Railway Recruitment Centre in Mumbai. [6]

According to a First Information Report filed by the Central Bureau of Investigation, Aptech, which had been appointed as the exam conducting agency, was accused of conspiring to provide candidates with advance access to question papers in exchange for payments ranging between ₹2 lakh and ₹5 lakh. [7] [8]

The investigation suggested that some candidates viewed the papers beforehand at a hotel and received assistance from intermediaries described as exam experts. Reports also indicated that exam results circulated through unofficial WhatsApp links prior to their formal release. [9]

The CBI initiated searches across multiple locations, naming 15 accused individuals, including railway employees, a CRPF officer, and persons associated with Aptech Limited. [10] [11]

Recoignation

References

  1. "Aptech Balance Sheet, Aptech Financial Statement & Accounts". www.moneycontrol.com. Retrieved 18 December 2021.
  2. 1 2 3 4 Prateek Goyal, Avdhesh Kumar (8 July 2024). "Years before NEET row, NTA contracted 2 exam firms with murky record". Newslaundry. Retrieved 2 September 2025.
  3. Ali, Jehangir (27 March 2024). "Aptech Changed Several Clauses in J&K SI Exam Contract Affidavit; Govt Panel Fails to Highlight Key Edit". The Wire. Retrieved 2 September 2025.
  4. Jain, CA Himanshu; Mehra, Ansh (28 April 2021). "Sebi imposes fine of Rs 1 cr on Aptech for violating insider trading norms". The Economic Times. Retrieved 2 September 2025.
  5. "Sebi fines Jhunjhunwala company Aptech Rs 1 crore". The Times of India. 29 April 2021. Retrieved 2 September 2025.
  6. Bharat, ETV (9 January 2024). "Railways exam paper leak: CBI registers case against Mumbai-based Aptech Ltd". ETV Bharat News. Retrieved 2 September 2025.
  7. Chauhan, Ashish (24 January 2024). "Railway Exam Paper Leak: Conspirators Supplied Questions, Answers, and Experts". The Times of India. Retrieved 2 September 2025.
  8. "CBI Busts Railway Exam Leak, Raids 12 Places". Vibes Of India. 18 January 2024. Retrieved 2 September 2025.
  9. "Railways exam paper leak: CBI registers case against Mumbai-based Aptech Ltd". ThePrint. 9 January 2024. Retrieved 2 September 2025.
  10. "GDCE Exam: 11 railway employees under CBI scanner in another paper leak scandal involving rupees 4 lakh". CNBCTV18. 9 August 2024. Retrieved 2 September 2025.
  11. Modi, Diksha (9 August 2024). "GDCE Exam: 11 Railway Employees Under CBI Scanner in Another Paper Leak Scandal Involving Rs 4 Lakh". News18. Retrieved 2 September 2025.
  12. "First media job festival kicks off in Hyd". United News of India. 27 January 2020.

Further reading