| Type | Public company |
|---|---|
| Traded as | NSE: EDUCOMP BSE: 532696 |
| Founded | 1994 |
| Founder(s) | Shantanu Prakash |
| Headquarters | New Delhi |
| Key people | Shantanu Prakash Chairman & MD |
| Website | www.educomp.com |
Educomp is one of the largest education companies in India.[1] taking care of the entire education life-cycle of students. The company currently works with over 26,000 schools and over 15 million learners and educators across the world. Educomp owns India’s largest K12 content library of rich 3D multimedia educational content modules. The company also operates over 799 pre-schools, over 56 K12 schools, 7 Raffles Millennium International Design colleges currently operational, 339 vocational training centres and has over 4.7 million users of its various online education portals: wiziq.com, mathguru, Learninghour, Learnhub, Studyplaces and educomponline.com. As of July 2011, the company employed over 15000 people and had 27 offices worldwide.
Educomp was founded in 1994 and is led by Shantanu Prakash.
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Educomp smartclass: Educomp smartclass is a comprehensive technology solution for effective teaching and learning in classrooms. The solution is designed to assist teachers in meeting day to day classroom challenges & enhancing students’ academic performance with simple, practical & meaningful use of technology. Educomp smartclass is currently being used by ~4.3 million students in over 6500 private schools in India.
Edureach: Edureach provides turnkey solutions for computer aided learning in government schools. Educomp is the only company in India to have content in 11 regional languages and is currently working in 10,572 government schools across 13 states in India. Over 5.8 million students in these government schools are currently being covered under the Edureach program.
Roots to Wings: 'Little Millennium' is a premier pre school chain that offers pre-kindergarten and kindergarten programs for children in the age group of 2–4 years.
Millennium Schools: The Millennium Schools are a chain of K12 private schools in India powered by Educomp's Millennium Learning System (MLS), a unique systematic methodology of teaching and learning. The Millennium Learning System is based on the belief that locked within every child is the inherent potential for greatness. It identifies the specific skill set of every child and helps each one of them to derive motivation from within as well as from the environment. Using the most advanced audio, visual and kinesthetic learning techniques, MLS makes education effortless and effective. The Millennium Schools across India utilize the unique systematic methodology of MLS in their philosophy, policies and practices.
Takshila Schools: Takshila schools are a chain of K12 private schools in India powered by Educomp's E-DAC learning system, an innovative and scientifically designed learning methodology.
Universal Academy Schools: These are Educomp's budget schools targeted at semi-urban towns. Schools in Bajpur, Kashipur, and Gadarpur have been functional since 2009. New schools were launched at Dehradun, Bhubaneswar, Nuh, Nai Nengla and Ferozepur Jhirka for session 2010-2011.
Le Mont High Schools: Le Mont High is a co-educational, residential school following international curriculum, opening its first academic session for grades 6th to 9th in August, 2011. Located about 40 kilometers from Pune, in Lavasa, India's first and largest planned hill city based on the principles of New Urbanism.
Raffles Millennium International: Educomp has a joint venture with Raffles Education Corp., Singapore's leading higher education company. The company runs 7 higher-ed colleges under the brand 'Raffles Millennium International' offering programs in Fashion Design, Fashion Marketing & Management, Interior Design, Product Design and various other design courses. These colleges are currently operational in Delhi, Bangalore, Kolkata, Chennai, Chandigarh, Ahmedabad and Hyderabad. A new university campus known as JRE Group of Institutions has also been constructed in the fast-growing Greater Noida economic zone near New Delhi. Admissions started for Engineering & PGDM programs in AICTE approved JRE campus in Greater Noida for August 2011 session. Affiliation with Mahamaya Technical University in UP has also been received for Engineering College.
IndiaCan: Educomp has a joint venture with Pearson, the world leader in Vocational Education & Publishing. The company branded as IndiaCan runs VSAT enabled vocational training centers across the country. Currently there are over 339 centers operational offering courses in English Language training, Sales, Retail, Information Techonology, Journalism and Accounting.
Supplemental Education Solutions:
EduIgnite: EduIgnite is the Assessments, Guidance and Counseling product offering from Educomp
Mathguru: Mathguru is an online Math tutor portal designed to provide solutions to student’s problems in a step by step fashion. Mathguru repository contains all math problems and solutions from NCERT Math textbooks, for Classes VI to XII.
Learning Hour: Learning Hour is the tutoring solutions offering of Educomp
Vidyamandir Classes: VMC is India's premier IIT JEE Test Prep coaching institute
Educomp LEAP: Educomp LEAP is India's first satellite based IIT JEE coaching program
Gateforum Educomp acquired strategic stake in Gateforum Educational Services Pvt Ltd, a leading GATE prep company in India. It provides Test Prep. for the Graduate Aptitude Test in Engineering (GATE), an entrance test for post-graduate courses in technical institutes such as IITs and NITs
WiziQ: WiZiQ is a web-based platform that connects teachers and students who wants to teach and learn live, online.
Educomp Online: Educomp Online is a comprehensive one-stop portal catering to the educational requirements of K-12 students, teachers and schools. Educomp Online provides teaching and learning solutions like rich media digital learning materials, video tutorials and assessments.
Learnhub: LearnHub is the world’s largest online social learning network dedicated exclusively to international education.
Studyplaces: StudyPlaces is one of the first global education portals in India that serves as a comprehensive one-stop-shop for education search for studies in India and abroad.
Ask n Learn: Educomp acquired Singapore-based Ask n Learn Pte. Ltd. in 2007. Formed in 2000, Ask ‘n’ Learn, is a premier Pan-Asian provider of Education solutions and services. Ask n Learn currently provides internet-based e-learning solutions, content and services to over 230 educational institutions across Singapore, China, Thailand, Philippines, Japan, Brunei and Vietnam. Its customers include over 35% of all Singapore schools, the National University of Singapore, Singapore Institute of Management, Ministry of Defence, top regional universities, Ministry of Education (MOE) Singapore, MOE Brunei as well as international schools. Ask n Learn products include: Learning Management Systems, E-learning development tools, E-learning content, IT, Multimedia and Video training services, Pre-school English enrichment franchise, E-learning portal for school-age children, Professional IT services, Multimedia content development services and School administration tools.
Learning.com: Educomp acquired US-based Learning.com in May 2008. Learning.com is the premier provider of Web-delivered curriculum and assessment products as well as online Digital Learning platform solutions to over 7700 schools, 1550 school districts and 3.2 million students across the US. Learning.com products include: Sky, Learning.com's unique digital learning environment, Curriculum products like EasyTeach, Aha!Math, Aha!Science as well as various Assessment products.
CDEL: Educomp's subsidiary Ask n Learn signed an exclusive licensing agreement with China Distance Education Holdings Limited, a leading provider of online education in China to distribute Educomp’s smartclass products in China.
1994: Educomp was founded by Shantanu Prakash
1998: Launched eCampus, a first of its kind, student information system
1999: Launched PlanetVidya.com, an online education system
1999: Launched professional development (teacher training) programs
2000: Launched ICT solutions product for computer aided learning in government schools
2000: Started India’s first K12 digital content development center
2000: Conversion to a Public Ltd. Company
2002: Established US subsidiary called Edumatics Corporation
2002: Launched Learning Mate Nhance, a Learning Content Management Platform
2003: Launched smartclass Content solution
2004: Signed a pilot program in US with the Santa Barbara School District
2004: Entered the Asia Pacific market with pilots in Singapore
2004: Received ISO 9001:2001 certification for ICT solutions
2004: Sets up R&D division
2005: Launched online tutoring service
2005: Educomp received the CNBC Emerging India Award and was chosen as the company of the year in the ICT & ITES sector, from over 5,000 enterprises
2006: Educomp goes public in January 2006 with the launch of a successful IPO with an issue price of Rs.125 per share
2006: SmartClass reaches 90 schools; ICT reaches 600 schools
2006: Launched first pre-school in Delhi under the brand ‘Roots to Wings’
2006: Launched Mathguru.com, India's first online Math help tutoring platform
2006: Chosen as "FUTURE TITAN" one of the 10 hottest companies in India by Outlook Business Magazine
2007: SmartClass reaches 331 schools; ICT reaches 2808 schools
2007: Set up Educomp Infrastructure & Services Management Limited (EISML) subsidiary to provide K12 services to private schools in India
2007: Acquired Ask n Learn, a leading web-based K12 company in Singapore
2007: Ask n Learn wins the Hitwise Top 10 Websites Award for 2007 for Singapore
2007: Educomp ranked 140th in the ‘BT 500’ list of the most valuable private companies in India
2007: Acquired Three Bricks E-Services, a pioneering Tutoring Solutions company in India and owner of Learning Hour tutoring centers
2007: Acquired Savvica Inc. in Canada, a unique online educational platform business and owner of popular learning platform Learnhub.com
2007: Acquired AuthorGen Tech, an online education company and owner of the learning platform WiZiQ.com
2007: Consolidated revenue crosses Rs 1 billion milestone. Educomp ends financial year FY2007 with a revenue of Rs 1.1 billion
2008: SmartClass reaches 933 schools; ICT reaches 6004 schools
2008: Launched Educomp Tele-Education Network (ETEN) to provide VSAT based personalized CA coaching from acclaimed faculty across centers all over the country
2008: Ask n Learn wins the Deloitte’s Technology 'Fast 500' Asia Pacific Award
2008: Acquired 51% stake in web-based K12 content company Learning.com in USA
2008: Formed a 50:50 Joint Venture with Raffles Education Corp. for Higher Education in India
2008: 'Roots to Wings' awarded the 'Emerging Franchisor of the Year 2008' award for excellence in Franchising and Business Development, by Franchise India Holdings Limited, Asia's largest integrated franchise solution company
2008: Acquired A-Plus Education Solutions Pvt Ltd, a vocational training company specializing in running employability related course in colleges under the brand name Purple Leap
2008: Acquired 50% stake in Eurokids International, the leading Pre-Schools operator in India
2008: Educomp named in Forbes magazine under the "200 Best under a Billion" companies for the Asia-Pacific region, picked from 24,155 listed firms in the Asia-Pacific region
2008: EasyTech, a K-8 technology literacy curriculum by Learning.com, awarded the ISTE Seal of Alignment by the International Society for Technology in Education ISTE
2008: Consolidated revenue crosses Rs 2.5 billion milestone. Educomp ends financial year FY2008 with a revenue of Rs 2.9 billion
2009: SmartClass reaches 1737 schools; ICT reaches 12012 schools
2009: Formed a 50:50 JV with Pearson called IndiaCan for Vocational Training courses in India
2009: Educomp ranked Number 1 in Education & Training in the study: 'India’s Best Companies to Work For 2009' by The Economic Times in collaboration with the Great Place to Work® Institute
2009: Learning.com’s Digital Learning Environment wins the Best Course Management System award in the prestigious Software & Information Industry Association’s (SIIA) 24th annual CODiE Awards
2009: Launched Design colleges under the brand 'Raffles Millennium International' in Delhi and Bangalore in partnership with Raffles Education Corporation
2009: Launched Universal Academy budget Schools
2009: 21 brick-and-mortar schools operational under EISML
2009: Raised $125 million equity capital in a QIP issue
2009: Educomp ranked 83rd in the BT 500 list of the most valuable private companies in India
2009: Consolidated revenue crosses Rs 6 billion milestone. Educomp ends financial year FY2009 with a revenue of Rs 6.3 billion
2010: SmartClass reaches 3077 schools; ICT reaches 15426 schools
2010: 43 brick-and-mortar schools operational under EISML serving 24000 students
2010: Launched 5 new Raffles Millennium International colleges in Ahmedabad, Kolkata, Hyderabad, Chandigarh and Chennai
2010: Educomp won top honours in the for-profit category to win NASSCOM Foundation Social Innovation Honours-2010
2010: Morgan Stanley Report of Jan 2010 added Educomp in "Tomorrow’s Winners" a select list of companies highlighted across Asia that lead their domestic competitors and whose expected growth rates outpace those of the markets and countries in which they operate
2010: Vocational Training business, IndiaCan reaches 275 points-of-presence across the country
2010: Acquired Studyplaces, the largest higher education admissions advisory business in India
2010: Consolidated revenue crosses Rs 10 billion milestone. Educomp ends financial year FY2010 with a revenue of Rs 10.4 billion
2010: Launched Le Mont High School in Lavasa, Educomp's first International curriculum school
2010: Announced agreement with China Distance Education Holdings Ltd (CDEL) for licensing and distribution of Educomp's products in China
2010: Shantanu Prakash, CEO of Educomp chosen as the winner of Dataquest Pathbreaker of the Year Award for 2010
2010: Launched Educomp Leap, India’s first VSAT based Engineering Prep program to allow students access to high quality tutorials
2010: Acquired Vidya Mandir Classes, a leading engineering test prep company
2010: Launched CareerFirst, a chain of career resource centres in Schools to help students to make informed career choices
2010: ETEN students bagged 52 All India Ranks including 4 All India No. 1 Ranks in different CA exams
2010: 21 Gateforum students secured top 10 ranks in GATE 2011 and 141 in Top 100 across 7 streams of engineering
2010: VMC students secured 5 positions in the top 6 in IIT-JEE Delhi Zone
2011: Acquired strategic stake in Gateforum Educational Services Pvt Ltd, a leading GATE prep company in India
2011: In March Shantanu Prakash, CEO Educomp won the prestigious ET Now 'Leap of Faith' Award in the category of Education. ‘Leap of Faith Awards’ is an attempt to recognize the best and brightest of India’s young entrepreneurs, men and women who have stood against all odds and emerged winners.
2011: Formed a Joint Venture with Zeebo Inc. to launch the first wireless educational platform for children in India
2011: April issue of Dare Magazine chose Shantanu in its list of Inspiring 50 Entrepreneurs – 2011 because “Shantanu Prakash, founder of Educomp, is the man who is responsible for bringing the much-awaited change in the Indian education system
2011: Franchise India, presented “Entrepreneur of the Year” award to Mr. Shantanu Prakash in the Indian Education Awards 2011 organised to recognize and acknowledge the initiatives and achievements of certain individuals and institutions that have contributed significantly towards the growth of the education sector in India in the recent times.
2011: Institute of Economic Studies presented the Udyog Rattan Award to Mr. Soumya Kanti President of Edureach (PPP & ICT Division of Educomp) for his invaluable contribution to the industrial development of the country through transforming of the teaching-learning processes by empowering teachers and encouraging students to acquire knowledge and gain conceptual clarity through use of ICT.
2011: Educomp Solutions Limited was conferred with the prestigious “Excellence Award” by the Institute of Economic Studies. Educomp was recognized with the Excellence Award for its outstanding contribution towards developing the education sector in India through excellence in Productivity, Quality, Innovation & Management of holistic range of educational products and services.
2011: In July, Sangeeta Gulati, CFO of Educomp received the prestigious Business Today Best CFO Award in the category ‘Sustained Wealth Creation (mid size)’ from Finance Minister, Mr. Pranab Mukherjee.
Educomp had consolidated revenues of Rs. 13.5 billion and a consolidated Net Income of Rs 3.37 billion in the financial year ending March 2011. Educomp is publicly traded on the Bombay Stock Exchange and the National Stock Exchange of India.
There are many online education organizations in India. Of those, Tata Interactive Systems [ClassEdge], EdServ Softsystems Limited, Everonn Education, NIIT, Aptech, Examsguru & Pearson Education are Educomp's main competitors. Currently, Educomp is the leading online education organization in India.[2]