KNOWLEDGE TRUST A brief profile

TRUST & TRUSTEES:

Knowledge Trust, a public charitable Trust was registered on 22nd May, 2006. The amended version of the Trust Deed was registered on 31st October, 2006. The registered office of the Trust is situated at N-4/71, IRC Village, Nayapalli, Bhubaneswar – 751 015. The Trust has been rewarded tax exemption under Section-12(A), Income Tax Act.

At present there are 6 Trustees in the Trust and the list of Trustees are as follows:

Dr. P.K. MISHRA : He is Ph.D. in Nuclear Chemistry from Utkal University, Bhubaneswar with research experience from Bhava Atomic Research Centre, Mumbai and Saha Institute of Nuclear Physics, Kolkata. He is a co-founder of Kalinga Institute of Industrial Technology and KIIT University. He was the Founding Pro-Chancellor of KIIT University.

Dr. C.R .MISHRA : He has completed Doctorate in Commerce besides being a Gold medalist in his post graduation from Utkal University, Bhubaneswar. He is also the Founder Promoter of KIIT Society and Chairman of KIIT Science College.

Dr. P. TRIPATHY : He has done Ph.D. in Computer Engineering from Concordia University, Montreal, Canada. An NRI, after working for more than 25yrs in MNCs like NORTEL, CISCO and NEC. He relocated to Orissa in 2010 and joined Knowledge Trust as a Trustee and Director.

Dr. S. BEHURA : He is B.Sc. Engineering (Electrical) and MS in Computer Science from University of Houston, having more than 14 years of work experience in process engineering and multi-database applications for SCADA based power generation and distribution controls, Energy Financials and Marketing. He is based in Houston, USA.

Dr. A. SAMAL : He is a Fellow of American College of Cardiology and recipient of Fellowship in Cardiology from Ochsner Clinic and a renowned private practitioner in Cardiology at Houston, Texas, the USA.

Dr. A. VERMA : He received his Ph.D. degree in Engineering from University of New Brunswick, Canada and MBA from University of Toronto, Canada. He is the Chairman & CEO of BVM Group of Companies operating from Houston, USA. He is the President of TiE Houston and a member of advisory board, University of Houston.

INFRASTRUCTURE:

Land: Trust has established its institute (TITE, TIBS & MITC) over the plot of 10.008 Acs. Another adjacent land of 5.00 Acs. is also owned by the Trust. Both the land (15.008 Acs.) are owned by the Trust on long-term lease (up to 26 th

August, 2073), from IDCO, Odisha on outright payment basis.

Another stithiban private land of 5.00 Acs. At Kanjiama under Khurda Tahsil is also owned by Trust.

A. The market value of present land of 15 Acs. @ Rs.0.75 crores & 5.00 Acs. @ Rs.0.40 crores = Rs.13.25 crores.

Building: Trust has constructed buildings of 2.94 lakh sft. in the college campus and 70,000 Sq.ft. are under construction as per detail below:

Completed:

Academic – 2,12,000 sft. Hostel – 67,000 sft. Staff quarters – 15,000 sft.

B. The present value of the above constructed area is 2,94,000 sft. @ Rs.1150 = Rs.36.81 crores.

Under Construction:

C. The total estimated value of above under construction area is 70,000 sft. @ Rs. 500 = Rs.3.50 crores

D. Expenditure towards periphery development, landscape development and compound wall is around Rs.3.00 crores.

Total estimated cost of the total constructed & under construction & others are (B+C+D) = Rs. 43.31 crores.

Lab Equipments, Computers, and Furniture & Vehicles: College is having sufficient quantity of lab equipments, computers & furnitures for accommodating the present student strength of 1000. Besides 7 buses and 4 cars are also owned by the Trust.

E. The present depreciated value of these assets is around Rs.5.00 crores.

NB: The present value of fixed assets of Trust (A+B+C+D+E) is Rs.61.56 crores including land & building but the market value may be Rs.70.00 crores.

ACADEMICS & REVENUES:

ACADEMICS:

The Trust is running 3 institutions as detailed below:

i) TempleCity Institute of Technology & Engineering (TITE), a degree engineering college is in operation from the academic year 2007-08. The institute is approved by AICTE, New Delhi & is affiliated to BPUT, Orissa. The 1st batches of students have been passed out from the institute in July, 2011. The student strength of the current academic year 2014-15 is 784

ii) TempleCity Institute of Basic Sciences (TIBS), a +2 science college under CHSE Board, Orissa was functioning with low skeletal till the academic year 2010-11. It has become a full-fledged institute from the current academic year 2011-12. The student strength of the current academic year 2014-15 is 171.

iii) Millennium Industrial Training Centre (MITC), an Institute is affiliated to National Council for Vocational Training (NCVT) under Directorate General of Employment & Training (DGE&T), Ministry of Labour and Employment, Govt. of India and Directorate of Technical Education and Training (DTE&T), Govt. of Odisha. The aim of the Institute is to develop the technical manpower providing training in up-to-date technologies to make them apt for industrial employment inside and outside Odisha & gainful self-employment. The student strength of the first, current academic year 2014-15 is 103.

EXSITING STUDENT STRENGTH:

Name of unitTempleCity Institute of Technology & Engineering(TITE)

TempleCity Institute of Basic Sciences (TIBS)

Millennium Industrial Training Centre(MITC)

Remarks

Strength 784 out of 1680 171 out of 256 103 out of 120 1058 out of 2039

REVENUE:(Last 4 years)

(Rs. in Crores)

Unit 2012-13(Actual) 2013-14(Actual) 2014-15(Actual) 2015-16(Actual)

TempleCity Institute of Technology & Engineering(TITE)

10.58 8.77 7.16

TempleCity Institute of Basic Sciences (TIBS)

1.41 1.66 1.24

Millennium Industrial Training Centre(MITC)

0.28 0.32 0.34

Total: 12.27 10.75 8.74 8.20

LIABILITIES:

Sl. No. Particulars Rs. in Crores

1 Bank loan 15.90 Crores

2 Unsecured loan 42.20 Crores

3 Vendor payment 3.00 Crores

4 Statutory deposit 0.50 Crores

5 Recurring 1.15 Crores

Total: 62.75 Crores

Outstanding on Students 4.15 crores

NET LIABILITIES 58.60 Crores

FIVE YEAR PROJECTION (Student Strength & Revenue Generation)

TempleCity Institute of Technology & Engineering(TITE) REMARKS

YEAR 2016-17 2017-18 2018-19 2019-20 2020-21

STUDENT STRENGTH 800 820 1000 1300 1600

REVENUE 9.00 Cr 11.00 Cr 14.00 Cr 17.00 Cr 20.00 Cr

TempleCity Institute of Basic Sciences (TIBS)STUDENT STRENGTH 200 384 512 512 512

REVENUE 2.0 Cr 4.60 Cr 6.20 Cr 6.20 CR 6.50 Cr

Millennium Industrial Training Centre(MITC)STUDENT STRENGTH 120 180 240 300 300

REVENUE .30 Cr. .54 Cr. .72 Cr. .90 Cr. .90 Cr.

PUBLIC SCHOOL (NEW UNIT)STUDENT STRENGTH 0 300 600 900 1200

REVENUE 0 0.45 Cr. 2.0 Cr 3.0 Cr. 4.5 Cr

TOTAL STUDENT STRENGTH

1270 1684 2352 3012 3612

TOTAL REVENUE 11.3 Cr. 16.59 Cr. 22.92 Cr. 27.1 Cr. 31.9 Cr.

FINANCIAL STATEMENT FOR THE YEAR OF 2016-17, 2017-18, 2018-19, 2019-20 & 2020-21YEAR 2016-17 2017-18 2018-19 2019-20 2020-21 RemarksREVENUE COLLECTION FROM STUDENT FEES, CORPORATE CERTIFICATION & CORPORATE TRAININGS *

11.30 16.59 22.92 27.10 31.90

RECURRING EXPENDITURE

9.76 11.57 15.84 19.275 23.325

BALANCE 1.54 5.02 7.08 7.825 8.575

*REVENUE SOURCE: FEES FROM STUDENTS + CORPORATE CERTIFICATION + CORPORATE TRAININGS + PROMETRIC EXAMINATION CENTRE.

Investment Options:

Option 1: 50% ownership of the assets by paying 30 Crores. An upfront payment of 20 Cr and the remaining 10 Cr in two equal yearly installments. The investor has the option to take over the operational management of the institutes.

Option 2: Outright purchase at 55 Crores. An upfront payment of 30 Cr and the rest 25 Cr in 5 equal yearly installments.