Ascensive Educare has been awarded a significant work order by Shabari Adivasi Vitta Va Vikas Mahamandal Maryadit, Nashik (Shabari Mahamandal) for providing residential skill-development training to up to 1,700 Scheduled Tribe youth in Maharashtra. According to reports from Business Standard, this contract falls under the Employment Based Skill Development Training Programme operated by the Tribal Development Department (Eklavya Kushal). This represents the first disclosed order for the company in the last three fiscal quarters, marking a significant milestone in their recent business activity.
The total project cost of this work order is ₹10.58 crore, representing a substantial investment in tribal skill development initiatives. As reported by Business Standard, this contract value underscores the scale and scope of the training program being implemented across Maharashtra's tribal communities. However, the order value cannot be benchmarked against average quarterly revenue as the company's trailing twelve-month revenue is ₹0.0 crore, making traditional book-to-bill comparisons not feasible. The contract marks the first visible inflow in the recent disclosure window for Ascensive Educare, with no other orders reported in the last three fiscal quarters prior to this filing.
The training program will be delivered through residential skill-development training facilities, ensuring comprehensive learning experiences for the targeted youth population. According to the contract details reported by Business Standard, this residential approach is designed to provide intensive training opportunities for the scheduled tribe participants across Maharashtra. The company has demonstrated strong historical top-line momentum with standalone revenue growth of +71.2% in FY25, indicating consistent expansion over the last five years, ranging from +6.9% in FY21 to +71.2% in FY25. Future filings will provide details on working capital requirements associated with this new contract, though balance sheet and cashflow data were not provided in the latest disclosure.
