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This paper presents a new method for fault classification in series-compensated transmission line using multiclass support vector machine (MCSVM) and multi class extreme learning machine (MCELM). These methods use the information obtained from the wavelet decomposition of fault current signals for fault classification. Using MATLAB simulink, data set has been generated with different types of fault and system variables, which include the fault resistance, fault distance, load angle and fault inception angle. The proposed method has been tested on a 400-kV, 300-km transmission line under variety of fault conditions. The performance of MCSVM and MCELM is compared in terms of training time and classification accuracy. The comparisons have been made for both One-Versus-One and One-Versus-Rest methods of SVMs and ELMs. Results show that MCELMs need less training time compared to MCSVMs, and the classification accuracy of MCELMs is more or less similar to MCSVMs. The feasibility of the proposed methods is also tested on a practical 220-kV series-compensated transmission line, and the results obtained are quite promising. [ABSTRACT FROM AUTHOR]