Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 1
© 2012, Indalytics Advisors Private Limited | Indalytics.com | [email protected]
INDALYTICS
ADVISORS BUSINESS IN EDUCATION
March 2012
www.indalytics.com
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 2
About Business in Education
Business in Education is a monthly report, which is focused on the supply side of education sector in India. The
report is aimed at helping education services providers with the latest activities in the sector.
The report covers the trends, as well as the opportunities in the Indian education sector, which were highlighted in
media. It is designed for the individuals and organizations, which are in the education business, or are planning to
enter it. It is also helpful for various products and services providers to the sector.
In order to get free subscription to Business in Education, please mail us at [email protected]
You can also get the latest news about the Indian education sector by visiting www.indalytics.com
Keep yourself updated with the latest activities in Indian
Education Sector
We cover latest trends, opportunities, regulations and best
practices in Indian Education sector — to help you gain
competitive edge
Visit Indalytics.com – for Market Intelligence in
Indian Education
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 3
Table of Contents
Activities of Major Players ..................................................................................................................................... 4
New educational programs being introduced .................................................................................................... 4
Education companies going for overseas expansion .......................................................................................... 5
New companies and products introduced in education sector .......................................................................... 5
Higher education institute going for collaboration ............................................................................................ 6
Opportunities in the sector .................................................................................................................................... 7
PPP opportunities coming up in higher education ............................................................................................. 7
Higher education opportunities through meta–university ................................................................................. 7
Vocational education space also witnessing PPP opportunities ......................................................................... 7
Gujarat government focusing on education ....................................................................................................... 8
Other Prominent Trends in the Sector ................................................................................................................... 9
Organizations witnessing high competition ....................................................................................................... 9
Single engineering entrance test coming up ...................................................................................................... 9
Companies’ Score Card ........................................................................................................................................ 10
List of Institutions and Organizations ................................................................................................................... 12
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 4
Activities of Major Players
New educational programs being
introduced
Indian education sector is witnessing many new
educational programs by both Indian as well as
foreign institutions and corporations.
Manipal Global Education Services has tied up with
Axis Bank to launch 'Young Bankers' program. The
yearlong program, which is aimed at providing
career & growth opportunities in tier—II & tier—III
cities, will train students in banking skills. For the
first nine months of the training, the students will be
given a stipend of INR3,000, followed by INR12,000
per month for the remaining three month. Once
they attain the Post Graduate Diploma in Banking
Services, they will be recruited at a minimum salary
of INR350,000 as Assistant Manager with Axis bank.
University of South California’s USC Rossier School
of Education, is introducing doctorate program in
education (Ed.D.). The new program — which is in
lines of MBA programs — is aimed at educational
professionals, who want to become high–level
practitioners in the sector. The program, according
to USC, will be different from a traditional Ph.D.
course, which is generally taken by students,
planning to take teaching as a profession.
This program will be targeted toward other
professionals, who want to become high–level
practitioners. Approximately 25 candidates will be
selected from across the world for the program, of
which 3–4 will be from India. USC is planning to
setup its office in Mumbai.
Stock market regulator, Securities and exchange
board of India (SEBI), which is planning to launch its
investor education and awareness campaign, has
asked for an expression of interest from private
creative agencies. SEBI is currently working on a
campaign to educate retail investors regarding
securities market and products.
The board will be publishing content such as TV and
radio commercials, short films, and print and digital
advertisements to help investors invest wisely, and
has asked creative agencies with a minimum annual
revenue of INR100 crore to bid for the opportunity.
Agencies, selected by SEBI, will be expected to
create approximately five short films of 25-30
minute duration, 10 TV commercials of 30 seconds
each, 10 radio spots of 30 seconds each, and 10 print
advertisements.
Global chip manufacturing company, Intel
Corporation is starting a program in India to
promote inquiry-based learning among students.
The program will include curricula prepared by
science teachers, which will help to promote
research and development among the students. The
program will have seven modules, which will help
inculcate inquiry-based learning in students.
Intel is planning to take the program to
approximately 50,000 students across the country,
with the help of various social organizations,
colleges, competitions and online educational
resources. Intel is active in Indian education sector
since 1999, through various collaborations with the
government.
Business in Education March 2012
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The state government of Assam is also working on
introducing two new vocational subjects in higher
education. In order to make the state’s education
curriculum compatible with the current job scenario,
the government is planning to restructure it by
bringing in vocational courses, which are demanded
by the industry. The government will introduce the
courses in approximately 119 government and
provincial colleges of the state. It’s further expected
to recruit approximately 1,200 new teachers to
teach these subjects.
Education companies going for
overseas expansion
IT training major, NIIT Limited, will be expanding its
IT education business in Bhutan. Under the
Bhutanese government’s IT literacy program, the
company has launched touchscreen ‘Playground
Kiosks’ in the country. These touchscreen kiosks are
equipped with a satellite dish, and a solar panel. The
kiosks will help Bhutanese students to surf and learn
the internet.
The initiative is under the Bhutanese Government’s
vision to create an IT-enabled society, and help its
youth learn computers. NIIT is planning to set up
approximately 130 Playground kiosks across whole
of the Bhutan.
Core Education and Technologies Limited is doing
overseas expansions. The company is expanding in
to school management in UAE. It has tied up with
the government of Ras al-Khamiah emirate for
running an existing higher education institute. Core
will take over the operations of the institute from
April 2012.
Core has invested approximately US$2 million
(INR9.9 crore) in the tie–up. Under the revenue
sharing model, the higher education institute is
expected to have cash inflows of approximately
AED9 million (INR12 crore) per year. Out of this, Core
will pay AED2 million (INR2.7 crore) to the local
education authority, and 15% of tuition fee to Birla
Institute of Technology, Mesra which is the
educational content provider of the institute.
Core has also entered into an agreement with the
Government of Ghana. Under the agreement, the
company will provide content for the K-12 segment,
worth US$13.5 million (INR66.6 crore), to the
government.
New companies and products
introduced in education sector
US based investment banking advisory firm, Signal
Hill Capital Group LLC has started its advisory
business in education sector. Signal Hill Capital
Advisory India Private Limited will work in advisory
services. The company will focus on sell-side M&A
services and private placement work. Besides
education sector, the company will also provide
advisory services in other sectors such as IT services,
BPO, mobile computing and mobile VAS, e–
commerce, IT security, and healthcare IT.
Delhi based tablet manufacturing company, Go–
Tech, and International SaaS company, AcrossWorld
Education, have launched an Android based tablet at
INR5,000. The tablet — called ATab — is a 7"
Android tablet, having 1.1 GHz processor and 512MB
RAM. The tablet will also have a bundled educational
technology platform by AcrossWorld Education —
EducationBridge — which will be available for three
years’ free and unlimited access to students.
Business in Education March 2012
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Bharti Airtel Limited has introduced a new value
added service (VAS), ‘3 PackEducation Portal’. The
exam preparation service is aimed at helping
students to prepare for entrance exams such as
UPSC, MBA, GRE, etc. through their mobile phones.
Airtel will provide instructions, alerts, tips or general
information to subscribers of this service. They will
also get preparatory questions, and assessment and
performance reports for the tests. Besides study
material, the VAS will also help students in English
learning and campus search.
Higher education institute going for
collaboration
Assam’s newly formed private university, Kaziranga
University, has signed a memorandum of
understanding (MoU) with UK’s University of
Plymouth, to facilitate exchange of learning, faculty
and students between the two universities. As per
the MoU, Kaziranga University will seek Plumouth’s
knowledge and expertise in the field of robotics,
engineering, computing and environmental sciences.
The MoU will further help students from northeast
to take advantage of various programs that
Plymouth is running in the UK.
Kaziranga University, which has been planned over
an area of 50 acres in Jorhat district, is expected to
roll out its first batch in engineering and
management from July 2012. The university is
established under the Assam Private University Act
No. XII of 2007.
Business in Education March 2012
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Opportunities in the sector
PPP opportunities coming up in higher
education
Government has proposed four new public private
partnership (PPP) models for higher education. The
models are aimed at fulfilling the investments of
approximately US$150 billion (INR750,000 crore),
which the higher education sector need over the
period of next 10 years. The models are:
Model 1: Basic Infrastructure Model — Private
investors will invest in infrastructure and the
government will operate and manage the
institutions. Government will make payments to
private investors for their investments.
Model 2: Outsourcing Model — Private investors
will invest in infrastructure, and will also operate and
manage the institution. Government will pay the
investors for the specified services.
Model 3: Equity / Hybrid Model — Investment in
infrastructure will be shared between government
and private investors. Operation and management
will be done by the private investors.
Model 4: Reverse Outsourcing — Government will
invest in infrastructure and the private investors will
look after operation and management of the
institutes, against fee.
Government is also planning to increase the Gross
Enrolment Ratio (GER) in higher education sector
from 12.4% at present to 30% by 2020. The
government therefore will be investing in
approximately 1,000 universities and 45,000 colleges
to get the desired GER. The four proposed models
will be submitted by University Grants Commission
the Planning Commission for the forthcoming XII 5—
year Plan.
Higher education opportunities through
meta–university
There will also be other innovative opportunities
coming up in higher education as the government is
planning to introduce a university of universities — a
meta–university. Government is creating a network
of universities, which will allow students in any
university, to select and study courses of any other
university across the country.
The government has linked approximately 31,000
colleges, 6,400 universities, and 2,000 polytechnics
across the country through Information and
communications technology (ICT), to create a
knowledge network. The knowledge will be imparted
through the government’s national knowledge
network program, which is aimed at connecting
major educational institutes across India through
fiber-based broadband connectivity. The met-
university is expected to start from the academic
year 2012–13.
Vocational education space also
witnessing PPP opportunities
There is a new opportunity for PPP coming up in
vocational education space. The government has
launched the ‘National Vocational Education
Qualification Framework (NVEQF)’, which will
provide vocational training to students.
Business in Education March 2012
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NVEQF is primarily a seven-level certification
program, which will provide vocational training at
school level. Students can opt for the program from
class IX, and can pursue it further to attain a degree
at the end of the seventh year. The program will be
launched from the academic year 2012-13, and will
make 1,000 hours of vocational training compulsory
in each year.
The training will be imparted in sectors such as IT,
media, entertainment, telecommunications, mobile
communications, automobile, construction, retail,
food processing, tourism, hotel management,
jewellery design and fashion design. Government is
expecting approximately five million students to opt
for the program.
Any institution, which is planning to conduct these
courses will have to get requisite permission from
AICTE. The institute will be allowed to train
maximum of 5,000 students, in any of the five
sectors.
Gujarat government focusing on
education
State government of Gujarat has allocated INR2,770
crore for education in its 2012–2013 state budget.
The amount will be utilized to setting up
infrastructure for new institutes and hostels, and
providing training to teachers. Of the total budget,
the government has allocated approximately INR551
crore for primary education — which will cover
constructing 15,600 classrooms and 7688 compound
walls, repairing 1,200 school buildings, and recruiting
1,000 teachers. Further, approximately INR82 crore
will be spent on construction of 350 new secondary
schools, INR78 crore on promoting computes in
primary education, and INR32 crore on educational
materials. Gujarat counts classes till VIII in the upper
primary.
In higher education, government is also planning to
setup an autonomous university for infrastructure,
engineering and management at Ahmadabad at an
investment of INR67 crore. It will also be introducing
15 new colleges in the Arts, Commerce and Science
streams. Also, INR4.5 crore will be spent on
vocational training of unskilled workers.
Business in Education March 2012
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Other Prominent Trends in the
Sector
Organizations witnessing high
competition
International curriculum boards such as
International Baccalaureate (IB), International
General Certificate of Secondary Education (IGCSE),
and Cambridge are expected to get a stiff
competition from the government, as it is
introducing the Central Board of Secondary
Education's international curriculum (CBSE-i) in
India. CBSE-i, which is being offered in 25 schools
globally, will be introduced in approximately 50
schools.
The net-based program, which was introduced in
2010, is provided through a portal to the teachers,
along with online help from an expert panel to
answer queries. As the affiliation cost of the program
is expected to be half of IB’s affiliation cost, many
more schools across the country are expected to go
with it. The course will also be cheaper for students,
as compared to IB, IGCSE and Cambridge, and will
also save their efforts of taking a bridge course
before applying to foreign undergraduate courses.
Microsoft Corporation is also facing the cost
controlling issue at Karnataka’s schools, as the
government has opted for the cost—effective open
source software suite, Open Office, in the state
schools. The decision is expected to save the
government approximately INR53.6 lacs, by changing
the Microsoft Office with Open Office.
The decision is taken across 419 schools, which are
with the government’s Sarva Shiksha Abhiyan. In
order to make their teachers familiar with the
software, the government will be taking the help of
the District Institutes of Education and Training
(DIETs) in training teachers. The government might
expand the decision to another 335 schools under
Sarva Shiksha Abhiyan, which are expected to get
five desktops and one UPS each this year.
Single engineering entrance test coming
up
Government is planning to introduce a single
entrance test for all the under graduate science and
engineering programs across the country. The
proposed test, Indian Science - Engineering Eligibility
Test (ISEET), is expected to be conducted in April /
May 2013 in two formats —ISEET main and ISEET
advance.
Government has introduced the proposition before
the Council of Boards of School Education in India
(COBSE), where 11 education boards have supported
it. It will further present it before the Central
Advisory Board of Education CABE committee and
state education ministers, to know their inputs on
the proposal.
Business in Education March 2012
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Companies’ Score Card
Operating
Margin
Q3-2012
(%)
Net Margin
Q3-2012
(%)
Debt-
Equity
Ratio
Q3-2012
(%)
EPS
Q3-2012
(INR)
Price-
Equity
Ratio
February
29, 2012
Market
Price
change
February
2012 (%)
Computer
Software
Training Aptech Ltd. 15.4% 17.9% 0.0% 0.88 99.03 (5.6)%
Computer
Software
Training BITS Ltd. (56.7)% 14.2% 0.5% 0.00 N.A. (5.7)%
Computer
Software
Training NIIT Ltd. 1.3% 36.4% 60.0% 3.38 14.10 12.6%
ERP for
Educational
Institutions
Software
Technology
Group
International
Ltd. N.A. N.A. 112.7% N.A. N.A. 0.3%
ICT
Solutions
Birla Shloka
Edutech Ltd. 4.0% 1.9% 15.8% 0.56 17.57 9.7%
ICT
Solutions
Compucom
Software Ltd. 54.3% 11.8% 33.3% 0.26 48.85 0.2%
ICT
Solutions
CORE
Education
and
Technologies
Ltd. 39.8% 18.9% 82.9% 4.35 62.20 4.4%
ICT
Solutions
Edserv
Softsyst Ltd. 12.9% 4.2% 3.4% 0.41 88.17 (18.1)%
ICT
Solutions
Educomp
Solutions Ltd. 32.3% 15.4% 55.7% 4.27 49.65 (3.8)%
Business in Education March 2012
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Operating
Margin
Q3-2012
(%)
Net Margin
Q3-2012
(%)
Debt-
Equity
Ratio
Q3-2012
(%)
EPS
Q3-2012
(INR)
Price-
Equity
Ratio
February
29, 2012
Market
Price
change
February
2012 (%)
ICT
Solutions
Everonn
Education
Ltd. 23.3% (7.4)% 47.0% (3.00) 0.00 1.9%
IT Education
Comp-U-
Learn Tech
India Ltd. 14.3% 2.7% 2.8% 0.05 334.00 (1.2)%
IT Education
Jetking
Infotrain Ltd. 17.0% 7.3% 12.9% 0.98 61.07 (1.2)%
School
Education
Tree House
Education &
Accessories
Ltd. 51.7% 27.0% 26.3% 1.82 113.79 (4.8)%
School
Education Zee Learn Ltd. (88.0)% (100.1)% 44.5% (0.48) 0.00 0.9%
Tuitions
Career Point
Infosystems
Ltd. 41.4% 40.8% 0.0% 6.32 35.90 (14.2)%
Business in Education March 2012
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List of Institutions and Organizations
AcrossWorld Education
Aptech Ltd.
Axis Bank
Bharti Airtel Ltd.
Birla Institute of Technology, Mesra
Birla Shloka Edutech Ltd.
BITS Ltd.
Career Point Infosystems Ltd.
Compucom Software Ltd.
Comp-U-Learn Tech India Ltd.
CORE Education and Technologies Ltd.
EdServ Softsyst Ltd.
Educomp Solutions Ltd.
Everonn Education Ltd.
Go–Tech
Intel Corporation
Jetking Infotrain Ltd.
Kaziranga University
Manipal Global Education Services
Microsoft Corporation
NIIT Ltd.
Securities and exchange board of India
Signal Hill Capital Advisory India Private Ltd.
Signal Hill Capital Group LLC
Software Technology Group International Ltd.
Tree House Education & Accessories Ltd.
University of Plymouth
University of South California
USC Rossier School of Education
Zee Learn Ltd.
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 13
Get connected to thousands of readers of Business in Education
Business in Education is a monthly report, targeted at the supply side of Indian education sector. The magazine is
demanded by the key decision makers of educational institutions and service providers. Our readership spans
across directors and trustees of educational institutions, to CEO/directors of companies that provide services to
educational institutions. Report’s readership - though primarily concentrated in India – is scattered across
countries such as the US, the UK, Russia, UAE, Australia etc.
We would like to invite organizations that want to promote their brands and services, to join us. This report is an
ideal platform for them to reach to all the key decision makers, on the supply side of Indian education sector.
For alliance opportunities, please write to us at [email protected]
Partial list of organizations, where this report is being read:
A K Vidyamandir Group of Institutions
Aaron Institute
Aditya Birla Public School, Renukoot
AEC Business School
Afairs Exhibitions and Media Pvt. Ltd.
Alethia Education
Amity University Rajasthan
Anovus Institute of Clinical Research
Apeejay Stya University
ApplyEzee Education Private Ltd.
Aravali Institute of Management at Jodhpur
Art of Learning
Asia Direct
Asia Pacific Institute of Management Delhi
Aspire Human Capital Management Pvt. Ltd.
Auuro Educational Services
AZURE IT Solutions
Bharat Forge Ltd. - Kalyani Group
Billabong High International Schools
Birla Edutech Ltd.
BrainTree Global School
Brainy Kidzs
Brightstar Learning Ltd.
British Council
Cambridge Public School
Campus World Inc
Career Cubicle Pvt. LTD.
Career Launcher
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 14
Career Point Infosystems Ltd.
Castle Rock Research Corp.
Centum Learning Ltd
Charisma International Education Centre, Nigeria
CL Educate (Career Launcher)
Classteacher Solutions
Connect2Gurukul
Credila (HDFC LTD)
DALIA Institute of Management
DARE, a monthly magazine on Entrepreneurship.
Delhi Public School
Department of Education
Deutsche Bank Group
Donbosco Tech, India
E learning
E Z Vidya
Easy Learning India
Ecole Solutions Pvt Ltd
EdSaas Hyderabad
Edsine
Education World Magazine
Educational Initiatives
EducationWorld
Educomp Raffles Higher Education Ltd
Educomp Solutions Ltd
EduNirvana Pvt Ltd
Edunova Educational Research And Training Pvt Ltd
edupaedia.in
Edupower.in
Eduvision India Services
Eduwaves
Edvance Learning
Edvance Learning Pvt Ltd
E-KIDS Solution Private Ltd.
Elsevier India
Elyon Education
Emerge Learning Services Ltd.
Ernst & Young
EuroKids International Ltd
Everonn Education Ltd.
Evolve XL Pvt Ltd
Examville.com, LLC
Exioms
Explorers School
EZVidya Pvt. Ltd.
Feydhoo School, Maldives
FIITJEE Ltd.
FinPac Financial
Focus Educare Pvt. Ltd.
Future Focus Infotech
Future VISTA View Edu Tech Pvt. Ltd.
Gabss EduSkill Ltd.
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 15
GD Goenka World Institute (Lancaster University)
GEMS Education
Gladioli Education
Global Education Management Corp.
Global indian school
Global Learning
Global Workforce Development & Consulting
Organisation
Globalshiksha.com
Gokuldham high school and junior college
Grassroot Infosolutions Pvt Ltd.
Harbinger Knowledge Products
HCL Technologies Ltd.
higherstudy.com
HOC Educational Services Pvt Ltd
HTC School
i Big Wonder
IAMR Group of Institution
IANS Education Services
IBMR Business School
ICFAI
ICS GROUP
iDiscoveri Education Pvt. Ltd.
IDP Education Pty Ltd.
iE&D Solutions BV
iEdvantage
iGATE Patni
Ignite Young Minds
IIT Kharagpur
IL&FS Education and Technology Services Ltd.
iLearn-International
India Entry 360.Com
India Venture Partners
IndiaCan Education Pvt. Ltd ( A Pearson Educomp
Company)
IndiaCo Ventures Ltd.
Indian School of Business & Finance
Indic Institute of Design and Research
Indigram Skill and Knowledge Initiatives Pvt. Ltd
Indus Learning Solutions Pvt Ltd
Informatica
Innovative School of Business & Management Pvt.
Ltd.
Intarvo Technologies Ltd.
Integrated EduTeam
iProf India
Jagran Social Welfare Society
Jain Group of Institutions
Jain Heritage, a Cambridge School
Jetking Infotrain Ltd
Kakubhai Parikh Group of Schools
Kaligi Ranganathan Montford Group of Schools
Kangaroo Kids Preschools
Kennedy School
Business in Education March 2012
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KPMG
KQM Consultants
Laetus Education Private Ltd.
Latitude Edutech Consulting Pvt. Ltd.
Leading Education Management Enterprise
LeapEd Knowledge Solutions Pvt. Ltd.
Liberty Anything Skool
LIGHT EASY MIND Training & Coaching
Literati Training Private Ltd.
Lord Krishna Group of Institutions
Lotus Learning Pvt Ltd
Macmillan Publishers India Ltd.
Mahadev Educational Initiative
Mahatma Gandhi International Schools
Mail Today
Manya Education (P) Ltd.
Mastermind Classes
MBAGuru - Roots Education Pvt. Ltd.
Mehan Edusolutions Pvt. Ltd
Mexus Education Pvt Ltd
Mind Shaper Technologies Pvt Ltd.
MM ACADEMY
Modern Public School
Modi Public School
MRV International school
MyTrustedTutor.com
N & Z Edu Solutions Pvt Ltd
narayana educational institutions
Nascent Edutech Pvt. Ltd.
National Geographic Explorer
Navitas
Next Education India Pvt. Ltd.
NHELITE Education Services Ltd.
NIILM School of Business
NIIT Ltd.
NIMS
Norwest Venture Partners
Okapi Consultancy Ltd
Panacea People Group
Panjab University, Educational Institution,
Chandigarh
Peapod Preschool
Pearson Education India
Pearson Education Services Pvt. Ltd. (Edurite
Technologies)
Pearson Learning Solutions & Edexcel Ltd.U.K.
Pedagogues Education India Pvt. Ltd.
Power Coaching
Pratham Edusys Pvt Ltd
PricewaterhouseCoopers Pvt Ltd
Prism Infosolution
Promethean
PT Education
Business in Education March 2012
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PT universe
Q Point
Quest Tutorials
R.D. Computers & Technologies
Radcliffe School
Radiant Educational Investment LLC
Rai Foundation
Reliable Institute of Law
Reliable Institute of Management & Technology
RESONANCE Eduventures Pvt Ltd
Right Track Admizzionz Campuz
RIS Tech Pvt. Ltd.
Roots Education
Rumi Education Private Ltd.
Sai Educations
Saint-Gobain Gyproc India Ltd.
Samskar Academy of Kids Education Pvt. Ltd
SANAKO Corporation
Sancta Maria International School, Hyderabad
Sattava Edusys Pvt. Ltd.
School Serv
Schooladmissions.in
se.eds - Swedish Education Services
Shanti Business School
shiksha.com(Education Portal) at Info Edge India Ltd
Shivaani Educational Services Private Ltd.
Shri Shankaracharya Group of Institutions
Shrishti Institutional Support for Economic
Development
Smart Careers(Career Launcher)
Space Technology & Education Pvt. Ltd
Sraw Educational Initiatives
St. Francis ICSE School
St. Soldier Management and Technical Institute
Strategum Eduserve Pvt. Ltd.
T.I.M.E. Pvt. Ltd.
Tata Teleservices Ltd.
Teachwell P S Institute Pvt. Ltd.
Techno Alliance
Technopak Advisors
TECNIA GROUP OF INSTITUTIONS
Tekbos Business Solutions India Private Ltd.
The Achievers Programme
The Economic Times
The Parthenon Group
The Princeton Review
The Shri Ram Competitive Classes
The Times of India
The Wall Street Journal
Theschoolworld.com
Third Academy School
TQMS Global
Universal Education Consultants
Business in Education March 2012
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University of Mumbai
University of Warwick
University of Westminster
Upacaar
Usha Martin Education & Solutions Ltd.
VectorSpan Inc.
Vibgyor High School
Vidya Prakashan Mandir Ltd
Vidyalankar Group of Educational Institutes
Vyasa Learning Solutions (P) Ltd
Youreka - idiscoveri
Zee Learn Ltd.
Zentrum
Business in Education March 2012
© Indalytics Advisors l www.indalytics.com l [email protected] 19
Disclaimer
The information contained in this report is of a general nature and is not intended to address any particular
individual or entity’s circumstances. Although proper care has been taken to provide accurate and timely
information, there can be no guarantee that such information is accurate as of the date it is received or that it will
continue to be accurate in the future. The list of companies under ‘Partial list of organizations, where this report is
being read’ is the list of companies, where at least one employee has either subscribed to the report, or is
receiving it, without explicitly showing his or her intention to get unsubscribed from the mailing list. Indalytics
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Publication Volume: 12-003
Publication Date – March 2012
© 2012 Indalytics Advisors Private Limited
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