Quest’s mission is to innovate for learning ecosystems to be future-ready by creating and embedding tech-enabled learning experiences for young people to thrive in their
careers journeys.
By 2029, we will impact 1 million learners and 25,000 educators across the country by creating innovative, tech-enabled learning experiences for career transitions, driving systems adoption and capacity building for sustainable implementation, and codifying knowledge to empower civil society organizations to adapt and scale these innovations.
| Donors | Amount | (%) |
| Accenture India | 138,065,000 | 22.62 |
| Porticus Asia Limited | 77,042,398 | 12.62 |
| Amazon | 57,263,861 | 9.38 |
| JP Morgan | 46,876,000 | 7.68 |
| IBM | 36,288,673 | 5.95 |
| Bank of America | 30,000,000 | 4.92 |
| National Philanthropic Trust | 20,453,567 | 3.35 |
| Cisco | 26,599,374 | 4.36 |
| Kantar (IMRB) | 18,896,907 | 3.10 |
| Wells Fargo International Solutions Private Limited | 18,000,000 | 2.95 |
| Fidelity Foundation | 12,314,100 | 2.02 |
| Morgan Stanley | 11,203,530 | 1.84 |
| FOSSIL Foundation | 10,362,500 | 1.70 |
| UNICEF | 10,324,867 | 1.69 |
| Capgemini Technology Service India Ltd | 9,962,244 | 1.63 |
| Deloitte Foundation | 8,300,000 | 1.36 |
| Sanjeev Prasad | 6,558,062 | 1.07 |
| State Street Global Advisors India Pvt. Ltd | 5,764,286 | 0.94 |
| United Way | 5,571,781 | 0.91 |
| CAF America (LSC) | 5,377,384 | 0.88 |
| SAP Labs India Pvt Ltd | 4,889,210 | 0.80 |
| AMD India Pvt Ltd | 3,986,400 | 0.65 |
| India Litreacy Project | 2,663,850 | 0.44 |
| Scratch Foundation | 2,044,688 | 0.34 |
| Impact Foundation India - Dasra | 1,944,744 | 0.32 |
| Child Aid Network | 4,494 | 0.00 |
| Individual Donations | 12,750 | 0.00 |
| Bank Interest | 31,772,845 | 5.21 |
| Other Income | 7,738,580 | 1.27 |
| TOTAL | 610,282,095 | 100 |
| Expenditure Head | Amount | (%) |
| Programme Expenses | 489,187,677 | 77.40 |
| Operations and Equipment Costs | 7,101,348 | 1.12 |
| Assets acquried | 21,987,318 | 3.48 |
| Administrative Expense | 113,713,494 | 17.99 |
| TOTAL | 631,989,837 | 100 |
| INCOME | Amount |
| Grants, Donations and Contributions | 12,750 |
| Interest Income | 27,963,399 |
| Education and Training Income | 293,501 |
| Internal Project Recovery (Content) | 6,555,949 |
| Other Income | 13,400 |
| Transfer from Specified Grant Fund (Foreign) | 166,767,087 |
| Transfer from Specified Grant Fund (Local) | 392,002,418 |
| TOTAL | 593,608,504 |
| EXPENDITURE | Amount |
| Overhead and Administration Cost | 33,858,437 |
| Program Expenditure | 2,803,475 |
| Project Expenditure (Foreign Grant) | 176,290,160 |
| Project Expenditure (Local Grant) | 386,245,829 |
| Depreciation | 9,212,844 |
| Excess of Expenditure over Income | -14,802,240 |
| TOTAL | 593,608,504 |
| LIABILITIES | Amount |
| Capital Fund | 89,607,958 |
| General Fund | 27,362,521 |
| Specified Fund | 100,933,875 |
| Corpus Fund | 388,296,433 |
| Current Liabilities | 20,827,831 |
| TOTAL | 627,028,618 |
| ASSETS | Amount |
| Fixed Assets | 117,804,811 |
| Investments | 412,606,053 |
| Current Assets | 12,118,217 |
| Cash & Bank Balances | 84,499,537 |
| TOTAL | 627,028,618 |
The executive leadership team is responsible for strategy, budgets and results, and reports to the advisory board & trustees. The role of the board is to ensure that the activities are aimed at realizing the mission of the organization in line with the strategic long term plan, and review the progress being made against the annual plan on a quarterly basis. They also approve the audited financial statement and ensure compliance with laws and regulations.
Quest Alliance has complied with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act 2013 relating to the constitution of an internal complaints committee.
The Trustees met three times in the year 2023-24.
Distribution of staff according to salary levels and gender break-up:
Salary Range as on March 31, 2024
| Monthly Salary Range | Female | Male | LGBTQIA+ | Grand Total |
| Upto 50,000 | 62 | 137 | 1 | 200 |
| 50,001 - 100,000 | 55 | 39 | 1 | 95 |
| 100,001 - 150,000 | 11 | 10 | 21 | |
| 150,001 & Above | 10 | 12 | 22 | |
| Grand Total | 138 | 198 | 2 | 338 |
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Statutory auditors: Phillipos and Company, #47, M - Floor, Wheeler Road, Cox town, Bangalore 560005.
Bankers: State Bank of India, FCRA Cell, 4th Floor, State Bank of India, New Delhi Main Branch, 11, Sansad Marg, New Delhi - 110001.
IDBI Bank Limited, IDBI House, No: 58, Mission Road, Bangalore 560027.
Axis Bank Limited, 140, 1st Main Rd, Jnanabharathi Extension, Subash Nagar, Kengeri Satellite Town, Bengaluru, Karnataka 560060.
Quest Alliance is registered under the Indian Trust Act 1882 with registration no. BNG(U)-VRT-BK IV 187/2008-09 registered on 20/10/2008.
Quest Alliance is registered under 12A of the Income Tax Act 1961 with registration no. AAATQ0135G22BL01; validity from AY 2022-23 to 2026-27.
Quest Alliance is registered under 80G of the Income Tax Act 1961 with registration no. AAATQ0135GF2021401; validity from AY 2022-23 to AY 2026-27.
Quest Alliance is registered under the Foreign Contribution Regulation Act, 1976 with registration no. 094421483 valid till 30th September 2027.
Aakash Sethi
Managing Trustee & Chief Executive Officer
Aashu Calappa
Human Resources Expert & Volunteer - Social Sector
Arvind Lodaya
Trustee
Professor, Vidyashilp University
Anuroopa Pereira
Director, Marketing Communications, Sabre India
Dipta Bhog
Founder, Nirantar, A Centre for Gender and Education
Kapil Das
Trustee
Independent Filmmaker
Kakul Misra
Director, Strategic Capacity Building, Indian School of Development Management
Nagesh Alai
Board Chair
Co-Founder at AI Enterprise Technology Start-up and Former Group Chairman at FCB ULKA
Sanjay Anandaram
Co-Founder Niceorg.in, Mentor & Advisor, Board Member, Quess
Vikas Goswami
CSR & Sustainability Leader
