Business in Education October 2011
© Indalytics Advisors l businessineducation.in l [email protected] 1
© 2011, Indalytics Advisors Private Limited | Indalytics.com | [email protected]
INDALYTICS
ADVISORS BUSINESS IN EDUCATION
October 2011
businessineducation.in
Business in Education October 2011
© Indalytics Advisors l businessineducation.in 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 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]
Business in Education October 2011
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Table of Contents
Activities of Major Players ..................................................................................................................................... 4
Companies are expanding their businesses ....................................................................................................... 4
Sector is witnessing acquisitions by major players ............................................................................................ 4
International education providers are forming alliances with their Indian counterparts ................................... 5
Sector is witnessing new products and services ................................................................................................. 6
Opportunities in the sector .................................................................................................................................... 7
Foreign education players are planning to enter India ....................................................................................... 7
Indian universities are also exploring partnership prospects ............................................................................. 7
Other Prominent Trends in the Sector ................................................................................................................... 8
Changes in regulations expected to impact education service providers ........................................................... 8
Legal education might witness an overhaul ....................................................................................................... 8
Banks are introducing new norms for home loans ............................................................................................. 8
Australia making education visa process easier ................................................................................................. 9
Companies’ Score Card ........................................................................................................................................ 10
List of Organizations ............................................................................................................................................ 12
Business in Education October 2011
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Activities of Major Players
Companies are expanding their
businesses
Most of the established brands in Indian education
sector are looking for new avenues to expand their
businesses.
After raising INR122 crore through Initial Public
Offer last month, Tree House Education &
Accessories Limited is using these funds for
expansion. The company is expanding into pre-
school business. It has signed up 6 new centers in
Mumbai and 1 in Nagpur in the month of August
2011, taking its total number of preschools to 230.
Tree House is also investing in acquiring office space,
constructing infrastructure for educational
complexes in Rajasthan and Gujarat, and procuring
exclusivity rights to provide educational services.
Shiv Nadar Foundation, which already has presence
in higher education, is also expanding by entering
the elementary education space and opening its
schools across the country. First two Shiv Nadar
Schools will be started in Noida and Gurgaon, and
the number will gradually increase to 25 schools
across the country by 2020. The foundation is
already operating the SSN College of Engineering,
the SSN School of Management and Computer
Applications and the SSN School of Advanced
Software Engineering, in Chennai, Tamil Nadu.
The trend is also visible in case of products and
services providers to educational institutions. IT
products manufacturer BenQ is banking on ICT in
education, and is targeting the education sector to
increase the sale of its projectors in the country.
According to the company, the education sector is
the biggest driver for their projector business,
contributing to the majority of sales. The company
expects the size of projector market of 300,000 units
in 2011, which will grow to 500,000 units in 2012.
Sector is witnessing acquisitions by
major players
Besides organic expansion, many players in the
sector are also exploring ways of expanding the
inorganic way through mergers and acquisitions.
BSE-listed DMC Education Limited is acquiring other
companies in the education sector. After acquiring
Kolkata-based education consulting firm Plansteps in
May 2011, the company has now acquired 51 %
stake in Delhi-based training institute Lifelong
Finishing Academy for approximately INR1 crore.
DMC currently provides training for entrance
examinations, and is expected to benefit from
Lifelong Finishing Academy’s business of training
courses on personal grooming, cooking, holistic
living, etiquette, and home & financial management.
The new injection of capital will help Lifelong in
taking its personal grooming courses pan India and
open up approximately 100 new centers in the next
two-three years.
Navneet Publications India Limited is investing
INR45 crore in Hyderabad-based school
management company K-12 Techno Services. K-12
Techno, which already has funding from Sequoia
Capital, offers school management services such as
administration, teacher recruitment and training,
and curriculum and infrastructure development
Business in Education October 2011
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across the state of Andhra Pradesh. The latest
funding is expected to help K-12 Techno expand its
services across five different states and manage over
200 schools over the period of 3-4 years. The deal
will also help Navneet expand its publishing business
from Maharashtra and Gujarat to other states.
Companies are not only acquiring, but are also
getting acquired for funding purposes. 2011 has
witnessed many technology based educational
startups, where venture capital firms bought stake
by funding them. After Sparsha Learning
Technologies, InOpen Technologies, and Applect
Learning Systems, it’s now turn for Bangalore based
online education start-up Eduora Technologies
Private Limited.
Eduora Technologies Private Limited has got funding
from venture capital firm, Seeders Venture Capital.
Eduora, which was started in March 2011, is building
an online, cloud-based platform. The platform will
combine the Learning Management System with the
social elements of cloud computing and the internet.
The company is currently in private alpha stage, and
is expected to launch its network in late 2011.
International education providers are
forming alliances with their Indian
counterparts
In order to enter the booming Indian education
market, many foreign players are joining hands with
Indian companies. This is proving to be a win—win
situation for both the parties. On one hand, foreign
companies are getting Indian partners, who have
knowledge about the market, while on the other,
Indian organizations are learning the new techniques
from their foreign counterparts.
Serra International Pre-school has entered into
joint venture with Singapore based EtonHouse
International Education Group to launch a chain of
international pre-schools across India. Serra is
planning to invest INR100 crore for setting up 100
franchised international pre-schools by 2012 and
1000 franchised international pre-schools over the
period of seven years.
The company will be focusing on Chennai,
Bangalore, Hyderabad, Secunderabad in the South
India, Delhi/NCR and Punjab in the North India, and
Mumbai, Pune and Gujarat in the western part of
the country. EtonHouse is already operating 52
schools and pre-schools across Singapore, China,
Indonesia, Malaysia, Korea, Vietnam, Japan and
India.
Another Singapore-based organization Global
Indian International School (GIIS) has tied up with
Godrej Properties Limited for setting up an
education facility in Godrej’s upcoming township in
Ahmadabad. As per the Tie-up, Godrej will construct
the school premises for GIIS. GIIS has a network of
21 schools across countries such as Japan, Malaysia,
New Zealand, Singapore, Thailand, the UAE, the US
and Vietnam.
World’s leading K-12 education provider, GEMS
Education, has entered into a partnership with the
United Nations Educational, Scientific and Cultural
Organization (UNESCO) to undertake world’s largest
leadership training program. Under the program,
GEMS would impart training to approximately
10,000 school principals globally, over a period of
four years. Approximately 3500 school principals will
be trained for leadership in India alone, which falls
under the first phase of the program.
Business in Education October 2011
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Singapore Management University (SMU) has also
signed a Memorandum of Understanding with
Infosys Limited. Under the three-year agreement,
SMUs School of Information Systems and Infosys
Education & Research would work together, and
develop case studies and learning labs for SMUs
Bachelor of Science (IS Management) and Master of
IT in Business degree programs, and training
program content for Infosys employees. The MoU
will also help SMU and Infosys to facilitate faculty
and professional staff visits to each-other’s locations,
and collaborate in research projects of mutual
interest.
Sector is witnessing new products and
services
In order to add value to their offerings, schools are
introducing new and innovative ways to teaching.
One such step is taken by e-learning service provider
Next Education India Private Limited. The company
has launched its Next Learning Centers (NLC), an
after-school learning center in Hyderabad. An
updated version of coaching centers, NLCs will
create a personalized classroom environment, and
will act as a finishing school for personality
development of students. Next is currently operating
two NLCs in Hyderabad and one in Kochi, and is
planning to launch 100 owned centers and 500
centers on the franchisee model across 20 cities in
future.
A new type of school has been setup in Kolkata by
Save the Children and Aviva Insurance, which is a
mobile learning center. Named Aviva Mobile
Learning Centre, the schools are in form of two
busses, which have trained teachers, counselors and
vocational instructors on board. These buses will
reach out to underprivileged children in places such
as railway stations or streets/slums and impart them
knowledge. The aim of this school is to bring 3,000
out-of-school children and 1,000 underprivileged
children into formal education within two years.
The Indira Gandhi National Open University
(IGNOU's) is coming up with a new Certificate
Program in Value Education for teachers through its
School of Extension and Development Studies. The
distance-learning program, which will start from
January 2012, will have duration of six months.
IGNOU has designed this program primarily for
teachers teaching in elementary classes, to integrate
values in their transactional process of teaching and
learning.
Business in Education October 2011
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Opportunities in the sector
Foreign education players are planning
to enter India
Many foreign educational institutions are looking
for collaboration with Indian institutes. Over 60 skills
and education providers from the UK, lead by the UK
India Business Council (UKIBC), were in India in
September, to scout for potential opportunities. The
organizations, such as A4e, Edexcel, City of
Westminster College, Tribal Education Limited, City
& Guilds and Hull College, have entered into a
partnership with the British Deputy High
Commission and Federation of Indian Chambers of
Commerce and Industry (FICCI) to strengthen Indo-
UK cooperation in the field of skills and education.
UKIBC is also planning to have tie-ups with
companies such as Hero MotoCorp Limited and
Mahindra and Mahindra Limited for skill
development programs.
US companies are also looking at investing in the
Indian education sector. Chad Kreikemeier, an
adviser to US Senator Jeanne Shaheen has expressed
his optimism for various potential opportunities in
the education sector, which can prove beneficial for
both the countries. He has come to India with his
delegation, which comprised of several educational
institutions, including representatives from the
Dartmouth College from New Hampshire.
Australia is planning to enhance its education and
research collaboration with India, in order to cope
up with its increasing demand for skilled workforce
in the areas such as faculty development and
curriculum renewal. In order to provide a boost to
the collaboration, governments of both the
countries have announced new exchange programs
targeting academics and college principals.
Further, a new website is coming up to promote
closer education and training collaboration.
In order to leverage the increasing collaboration
between the two countries, education providers in
India have started preparing new education models,
which meet the quality standards of training
imparted in Australia.
Indian universities are also exploring
partnership prospects
Sensing the new changes coming up in the sector,
government organizations are now working more
toward public-private partnerships. Providers of
higher education are going to witness new
opportunities, as the Tamil Nadu government is
finalizing its plan document for higher education for
the XII Plan period from 2012-17.
The plan document is expected to have new policy
initiatives for higher education, growth targets,
implementation and monitoring mechanism. It will
also discuss areas such as equity in access to higher
education, additional intake capacity, skill based
courses, and Public Private Partnerships. The
document will further have notes on minimum
educational qualification for teaching staff,
technology infusion in higher education, resource
generation, and infrastructure development in
universities.
Business in Education October 2011
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Other Prominent Trends in the Sector
Changes in regulations expected to
impact education service providers
As the industry is expected to witness many new
regulations, the educational institutions and their
associations are debating on the potential impact of
these regulations on them.
The Association of Indian Universities (AIU)
believes that the proposed Foreign Educational
Institutions (Regulation of Entry and Operations) Bill-
2010 will pose a major threat to the domestic
universities. According to the AIU, before inviting
foreign players in the country, India must improve
the quality of its institutions so that they can
compete with their foreign counterparts. Indian
universities are facing the problems such as lack of
funds, obsolete curriculum, and shortage of quality
teachers. As they are not ready to compete with the
foreign varsities, AIU believes that the foreign
entrants will poach quality teachers from them.
Other educational institutes, which might face axe,
this time from the department of higher education,
are the Franchisee run coaching institutes. The
department is planning to make it compulsory for
coaching institutes to take license from the
department before operating. Further, they might
also have to fix their tuition fee and intimate it to the
department.
Legal education might witness an
overhaul
Legal education system of the country might also
see some changes in order to adapt itself with the
changing social needs, as well as globalization. As the
900 odd law schools in India do not have adequate
faculty to impart legal education, the Bar Council of
India (BCI), along with the State Bar Councils might
work on faculty improvement. BCI is planning to find
50 PhD scholars in law, who will be groomed as
teachers over a period of six months. These scholars
will then be send to law schools, in order to groom
250 law teachers over a period of five years.
Banks are introducing new norms for
home loans
According to a revised scheme by the Indian Banks'
Association, banks might introduce a system of
assessing the potential employability of students
before giving them loans. Under the new scheme,
before sanctioning a loan, banks will now look at
various factors such as the earning potential of
various courses, placements at colleges and loan
repayment capacity of students post placements.
The new scheme will also extend the repayment
period to 10 years for loans up to INR7.5 lakh and 15
years for loans above INR7.5 lakh. Further, for loans
to students going abroad, banks will be able to
charge processing fee. However, this fee will have to
be refunded upon the student taking up the course.
Business in Education October 2011
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Australia making education visa process
easier
Australia has opened avenues for students going
for higher studies by announcing new student visa
regulations. The regulations will help students, who
obtain their first subclass 573 (higher education
sector) or 574 (postgraduate research sector) visa
following the proposed Genuine Temporary Entrant
(GTE) requirement, greater opportunity to work in
Australia.
According to the new regulations, students
graduating from a bachelor or masters by
coursework degree, will be able to stay in Australia
and work for two years after the completion of their
course. The time period will be three years for
graduates of masters' by research degree, and four
years for PhD graduates.
Business in Education October 2011
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Companies’ Score Card
Operating Margin Q1-2012 (%)
Net Margin Q1-2012 (%)
Debt-Equity Ratio Q1-2012 (%)
EPS Q1-2012 (INR)
Price-Equity Ratio September 30, 2011
Market Price change September 2011 (%)
Computer
Software
Training Aptech Ltd. 43.2% 41.5% 0.0% 6.81 95.70 -3.1%
Computer
Software
Training BITS Ltd. 25.0% 10.0% 0.5% N.A. N.A. -15.8%
Computer
Software
Training NIIT Ltd. -4.0% -6.2% 60.0% -0.60 18.72 -5.3%
ERP for
Educational
Institutions
Software
Technology
Group
International
Ltd. N.A. N.A. 112.7% -0.40 N.A. -3.1%
ICT
Solutions
Birla Shloka
Edutech Ltd. 3.6% 2.8% 6.8% 0.70 4.64 -5.5%
ICT
Solutions
Compucom
Software Ltd. 30.4% 23.9% 52.5% N.A. 9.21 6.8%
ICT
Solutions
CORE
Education
and
Technologies
Ltd. 39.2% 23.8% 81.9% 3.64 22.68 -5.3%
ICT
Solutions
Edserv
Softsyst Ltd. 42.6% 27.3% 12.2% 4.65 3.49 -6.0%
ICT
Solutions
Educomp
Solutions Ltd. 41.5% 23.4% 41.3% 4.54 5.90 21.0%
Business in Education October 2011
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Operating Margin Q1-2012 (%)
Net Margin Q1-2012 (%)
Debt-Equity Ratio Q1-2012 (%)
EPS Q1-2012 (INR)
Price-Equity Ratio September 30, 2011
Market Price change September 2011 (%)
ICT
Solutions
Everonn
Education
Ltd. 37.1% 16.4% 39.2% 5.75 9.38 6.7%
IT Education
Comp-U-
Learn Tech
India Ltd. 15.4% 6.7% 2.8% 0.11 11.53 -2.9%
IT Education
Jetking
Infotrain Ltd. 17.3% 11.5% 0.0% 1.67 6.71 -3.2%
School
Education
Tree House
Education &
Accessories
Ltd. N.A. N.A. 38.0% N.A. N.A. 21.0%
School
Education Zee Learn Ltd. -4.6% -5.2% 83.2% N.A. N.A. 2.4%
Tuitions
Career Point
Infosystems
Ltd. 40.0% 29.5% 0.0% 2.56 16.41 -1.9%
Business in Education October 2011
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List of Organizations
A4e
Applect Learning Systems
Aptech Ltd.
Association of Indian Universities
Aviva Insurance
Bar Council of India
BenQ
Birla Shloka Edutech Ltd.
BITS Ltd.
Career Point Infosystems Ltd.
City & Guilds
City of Westminster College
Compucom Software Ltd.
Comp-U-Learn Tech India Ltd.
CORE Education and Technologies Ltd.
Dartmouth College
DMC Education Ltd.
Edexcel
Edserv Softsyst Ltd.
Educomp Solutions Ltd.
Eduora Technologies Private Limited
EtonHouse International Education Group
Everonn Education Ltd.
Federation of Indian Chambers of Commerce and Industry
GEMS Education
Global Indian International School
Godrej Properties Ltd.
Hero MotoCorp Ltd.
Hull College
Indira Gandhi National Open University
Infosys Ltd.
InOpen Technologies
Jetking Infotrain Ltd.
K-12 Techno Services
Lifelong Finishing Academy
Mahindra and Mahindra Ltd.
Navneet Publications India Ltd.
Next Education India Pvt. Ltd.
Next Learning Centres
NIIT Ltd.
Plansteps
Save the Children
Business in Education October 2011
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Seeders Venture Capital
Sequoia Capital
Serra International Pre-school
Shiv Nadar Foundation
Shiv Nadar School
Singapore Management University
Software Technology Group International
Ltd.
SSN College of Engineering
SSN School of Advanced Software
Engineering
SSN School of Management and Computer
Applications
Tree House Education & Accessories Ltd.
Tribal Education Ltd.
UK India Business Council
United Nations Educational, Scientific and
Cultural Organization
Business in Education October 2011
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Get connected to thousands of readers of Business in Education
In the first month of its launch, Business in Education has become popular within the Indian as well as international
education space. The magazine was demanded by the key decision makers of educational institutions and service
providers. Our readership range from Principals and Directors of prominent educational institutions to new schools
in their growth stage, and from large-scale ICT service providers to startups and consultancy firms.
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
Career Point Infosystems Ltd.
Castle Rock Research Corp.
Business in Education October 2011
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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.
GD Goenka World Institute (Lancaster University)
GEMS Education
Business in Education October 2011
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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 Researc
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
KPMG
KQM Consultants
Business in Education October 2011
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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
PT universe
Q Point
Business in Education October 2011
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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
University of Mumbai
University of Warwick
Business in Education October 2011
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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 October 2011
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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
Advisors do not guarantee the company name provided by the readers to be accurate. It is understood that by
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Publication Volume: 11-010
Publication Date – October 2011
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