The document is a monthly report on business in education in India from February 2012 published by Indalytics Advisors. It provides summaries of major activities in the education sector including investments, expansions, opportunities and trends. Specifically it mentions investments by private equity funds in education companies, collaborations between foreign and Indian universities, entry of multinational companies in education and expansion of operations by established education providers in India. It also outlines opportunities for teacher training institutes and demand for ombudsmen. Key trends covered are adoption of accounting standards by educational institutions and setting up of women-only universities.

1. Business in Education February 2012
INDALYTICS
ADVISORS BUSINESS IN EDUCATION
February 2012
www.indalytics.com
© 2012, Indalytics Advisors Private Limited | Indalytics.com | businessineducation@indalytics.com
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2. Business in Education February 2012
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.
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3. Business in Education February 2012
Table of Contents
Activities of Major Players ..................................................................................................................................... 4
Education sector is witnessing investment activities ......................................................................................... 4
Foreign universities are collaborating with Indian counterparts ........................................................................ 4
Foreign corporates are entering the education sector ....................................................................................... 5
Education players are going for expansion ........................................................................................................ 5
Opportunities in the sector .................................................................................................................................... 6
Opportunities coming up for teacher training institutes .................................................................................... 6
Tamil Nadu is going for upgradation of schools ................................................................................................. 6
Demand for ombudsmen expected to increase ................................................................................................. 7
Other Prominent Trends in the Sector ................................................................................................................... 7
Educational institutions will have to follow accounting standards .................................................................... 7
Delhi schools will be allowed to admit students aged 3+ in preschools ............................................................. 8
20 women-only universities coming up in XII 5—year plan ................................................................................ 8
Companies’ Score Card .......................................................................................................................................... 9
List of Institutions and Organizations................................................................................................................... 11
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4. Business in Education February 2012
Activities of Major Players
Education sector is witnessing finding an investor for his stake, and is in talks
investment activities with many companies, including Core.
Indian education sector has been witnessing
Internet based education and training provider
high private equity investments. The sector,
— Comp U Learn Tech India Limited — is also
which witnessed 17 deals worth more than
expected to acquire educational services
INR6,000 crore in 2011, is expected to see
company, Divya Knowledge Process
increased activity in 2012. The year has started
Management Limited. Divya knowledge
with investments in support services subsector.
provides IT and BPO courses, and has tie–up
Hyderabad–based educational support services
with Bharathidasan University, Tamil Nadu. The
provider Varsity Education Management
deal will be Comp U Learn’s fifth investment,
Private Limited has received investment of
after SPRY Resources India Private Limited,
undisclosed amount from Asia-focused private
Boden Services Inc, ACE BPO Services Private
equity fund — New Silk Route Partners.
Limited, and the latest one in Shouk
Investement Consultancy, Dubai for 51% stake
in 2010.
The PE fund has acquired a significant minority
stake in Varsity Education, which provides
operational and support services, to more than
350 educational institutions in the states of
Foreign universities are collaborating
Andhra Pradesh, Karnataka, Maharashtra and with Indian counterparts
Tamil Nadu. This is the second deal by New Silk
Route in education sector. The company had
Growth in Indian education sector is attracting
earlier invested in Lahore, Pakistan–based
foreign universities to increase their presence in
Beaconhouse School System, in 2008.
Indian through collaboration. The University of
Hyderabad has signed a memorandum of
understanding (MoU) with Japan’s Tokyo
In another investment activity, technology University of Science. The MoU is expected to
based education—solutions provider, Core help both the universities collaborate with each
Education & Technologies Limited is expected other in the field of academics. The universities
to buy stake in Aptech Limited from investor will work together in academic research and
Rakesh Jhunjhunwala. The stake, which other areas such as teaching, training, and
represents 31.19% of Aptech Limited, is academic and cultural exchange in education.
currently worth approximately INR700 crore.
Financial services provider , Avendus Capital, is
working on behalf of Rakesh Jhunjhunwala, for
© Indalytics Advisors l www.indalytics.com l businessineducation@indalytics.com 4

5. Business in Education February 2012
Hyderabad based Siva Sivani Institute of Another new entrant in the Indian education
Management (SSIM) has also signed a sector is the US based hotel chain, Best
memorandum of understanding (MoU) with Western International. The company is
Harrison College of the US. As per the MoU, planning to open hospitality management
both the institutions will work together in schools in Bengalooru, Noida, Dehradun and
various areas of academics such as sharing of Bhubaneswar. The schools are expected to be
knowledge and guest lectures, student and operated on the franchise mode, and will
faculty exchange programs, and joint impart short–term courses to approximately
certification courses. The MoU will further help 200 students per center.
students of SSIM improve their knowledge and
placement opportunities.
These schools will help Best Western train staff
for their expected foray in to the hospitality
Foreign corporates are entering the industry. The company plans to open 100 hotels
education sector to its portfolio by 2017, and will invest
approximately INR1,600 crore in the venture. Its
target for 2012 is to add 10–12 hotels.
Education sector is also attracting other foreign
corporates to either explore new markets for
their products, or groom their talent.
Education players are going for
Technology major Apple Incorporation has
introduced its interactive textbooks application
expansion
for the iPad —iBooks2. The iBooks application
will contain dynamic and interactive textbooks Sector is witnessing expansion from established
having animations, pictures, videos and players. Distance education provider Madurai
diagrams. Kamaraj University (MKU) is planning to
expand by entering into a memorandum of
understanding (MoU) with the India Post to sell
The iBooks2 application is free for download at its study material through post offices.
Apple’s App Store, and will have educational
content from companies such as McGraw-Hill
and Pearson. Apple will be leveraging the high As per the MoU, India Post will help MKU is
sale of its iPads to sell its application to the selling its application forms through post
students. The company has also launched offices, and distributing the study material
another application — iTunes U —which help through India Post’s parcel services. The MoU is
students access free educational content and expected to help MKU, leverage the logistics
applications from across the globe. and distribution network of India Post in
expanding its distance education business,
especially in the rural parts of the country.
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6. Business in Education February 2012
International Baccalaureate-affiliated Oakridge Council for Teacher Education has made
International School, which has campuses in Teacher Eligibility Test (TET) a part of basic
Hyderabad and Vishakhapatnam, has opened its criteria, necessary to become a qualifies
new campus in Bengalooru. The schools has teacher. In January 2012, approximately 8.16
initially being started with an investment of lakh aspirants have taken the test, which was
INR100 crore, till class VII. the second CTET.
Oakridge is promoted by Visakhapatnam-based Online education providers will also be getting
Vikas Educational Institutions Limited (VEIL). an opportunity from state governments, for
The company has further plans to expand the training teachers and making them ready as per
10–acre campus, by investing approximately the Right to Education (RTE) Act. The state
INR200 crore this year. The school will be able governments, in order to save their costs, are
to accommodate approximately 2,500 students, expected to take the help of online training
with a teacher to student ratio of 1:10. providers. Indira Gandhi National Open
University (IGNOU) will be collaborating with
the state government of Meghalaya to provide
online teachers training program to public
school teachers.
Opportunities in the sector
Opportunities coming up for teacher The course will help the government in training
training institutes its teachers as per the provisions of Right to
Education act. The online training will also help
the state government to save the expensive
Teacher training institutes are expected to incurred in sending a teacher for training and
witness new opportunities due to changing recruiting a substitute teacher in lieu of the
government regulations. Aspiring teachers in existing one. The state is already facing
Delhi will now have to clear the Central shortage of trained teachers, which is causing
Teachers Eligibility Test (CTET) in order to be fit hindrances in implementation of RTE in the
to teach. The test conducted by Central Board state.
of Secondary Education (CBSE) — has been
made mandatory by the state government —
for recruitment of new teachers. The rule will
Tamil Nadu is going for upgradation of
be applicable to class I — VIII teachers of both
government, as well as private schools.
schools
The state of Tamil Nadu will be investing in
The new rule falls under the requirements of upgradation of its middle schools. The state
the Right of Children to Free and Compulsory government has announced of allocated
Education Act 2009. As per the act, the National INR36.17 crore for upgrading the infrastructure
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7. Business in Education February 2012
and appointing 1,267 teachers under the Other Prominent Trends in the
‘Education for all’ scheme. The amount will be Sector
utilized in approximately 1050 higher secondary
and secondary schools, run by the state
government. In order to control the school Educational institutions will have to
dropout rate and improve the enrollment ratio,
follow accounting standards
the government has also allotted INR491 crore
for free products such as footwear and bags to
the students. Educational institutions in India will now have
to bring transparency in their books of
accounts, and maintain them as per a
Demand for ombudsmen expected to prescribed standard. Accounting regulator,
Institute of Chartered Accountants of India
increase
(ICAI), upon the request from Human Resource
Development (HRD) Ministry, has
Higher education institutions are expected to recommended that all the educational
implement grievance redressal mechanisms. institutions should follow a single practice of
The HRD ministry has asked all the higher accounting.
educational institutions, affiliated with the
University Grants Commission (UGC), All India
Council for Technical Education (AICTE) and the ICAI has recommended that the institutes will
National Council for Teachers Education (NCTE) have to follow the accounting standards to
to have the required mechanism before the clearly depict the sources and application of the
commencement of the 2012 academic year. As funds. The recommendations have been
per the directive, all the institutions will be accepted by the HRD ministry, which plans to
required to constitute an Ombudsman to help make the accounting rules compulsory from the
students during the admission time. The 2013 academic session. The rules will be
Ombudsman will be a person having adequate applicable to all the schools, affiliated to the
judicial or legal experience, and will act on the Central Board of Secondary Education (CBSE).
grievances and queries of applicants.
Other government institutes, coming under the
rules, will be colleges and universities
controlled by AICTE and UGC, Indian Institutes
of Technology, Indian Institutes of Management
and National Institutes of Technology. At
present, only the government–controlled
institutes are required to submit their books of
accounts to the government and the
Comptroller and Auditor General of India for
audit.
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8. Business in Education February 2012
20 women-only universities coming up
in XII 5—year plan
Delhi schools will be allowed to admit
students aged 3+ in preschools
UGC, under the XII 5—year plan, has proposed
20 universities, including 800 colleges, catering
Private schools in Delhi, which have preschool exclusively to women. The proposal includes
classes, will now be allowed to admit students setting up and upgrading of autonomous
aged three plus years. The Delhi High Court, in colleges, and increasing the intake capacity of
an order, has allowed schools in the city to existing education institutions. The universities
admit students — more than 3 years old — in will cover the rural and sub-urban parts of the
preschools, provided they will be graduated to country.
preprimary classes, without going through the
entrance exams again.
The initiatives will be completely funded by the
central government, with the state
As per the court’s rule, all other schools, which governments helping in land procurement
do not provide preschool education, the regular through existing universities. UGC has further
pre-primary education will be treated as entry
proposed a four-time hike in funds allocation
level, where students aged four plus years will during the XII 5—year Plan from INR46,632
be eligible for admission. crore to INR1,84,740 crore to achieve its
initiatives.
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9. Business in Education February 2012
Companies’ Score Card
Debt- Price- Market
Operating Equity Equity Price
Margin Net Margin Ratio EPS Ratio change
Q2-2012 Q2-2012 Q2-2012 Q2-2012 January January
(%) (%) (%) (INR) 31, 2012 2012 (%)
Computer
Software
Training Aptech Ltd. 14.4% 17.1% 0.0% 0.97 90.67 34.7%
Computer
Software
Training BITS Ltd. 38.4% 38.4% 0.5% 0.00 N.A. 4.0%
Computer
Software
Training NIIT Ltd. 11.6% 3.5% 60.0% 0.44 95.68 12.6%
Software
Technology
ERP for Group
Educational International
Institutions Ltd. N.A. N.A. 112.7% N.A. N.A. -4.6%
ICT Birla Shloka
Solutions Edutech Ltd. 7.8% 3.4% 15.8% 2.07 4.35 36.2%
ICT Compucom
Solutions Software Ltd. 62.6% 16.9% 33.3% 0.38 32.79 -2.4%
CORE
Education
and
ICT Technologies
Solutions Ltd. 39.35% 19.9% 82.9% 3.56 72.53 0.4%
ICT Edserv
Solutions Softsyst Ltd. 13.3% 4.1% 3.4% 0.51 83.53 5.6%
ICT Educomp
Solutions Solutions Ltd. 44.5% 11.8% 55.7% 2.70 79.85 12.9%
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10. Business in Education February 2012
Debt- Price- Market
Operating Equity Equity Price
Margin Net Margin Ratio EPS Ratio change
Q2-2012 Q2-2012 Q2-2012 Q2-2012 January January
(%) (%) (%) (INR) 31, 2012 2012 (%)
Everonn
ICT Education
Solutions Ltd. 49.0% 6.7% 47.0% 2.39 116.76 -17.7%
Comp-U-
Learn Tech
IT Education India Ltd. 24.9% 18.5% 2.8% 0.37 45.68 21.6%
Jetking
IT Education Infotrain Ltd. 13.9% 5.6% 12.9% 0.98 63.42 29.1%
Tree House
Education &
School Accessories
Education Ltd. 60.9% 29.0% 26.3% 1.75 122.37 32.8%
School
Education Zee Learn Ltd. -50.8% -51.4% 44.5% -0.24 N.A. 19.7%
Career Point
Infosystems
Tuitions Ltd. 35.4% 25.5% 0.0% 3.33 77.48 26.7%
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11. Business in Education February 2012
List of Institutions and Organizations
ACE BPO Services Pvt. Ltd. India Post
Avendus Capital Indira Gandhi National Open University
Apple Incorporation Jetking Infotrain Ltd.
Aptech Ltd. Madurai Kamaraj University
Beaconhouse School System McGraw-Hill
Best Western International New Silk Route Partners
Bharathidasan University NIIT Ltd.
Birla Shloka Edutech Ltd. Oakridge International School
BITS Ltd. Pearson
Boden Services Inc Shouk Investement Consultancy
Career Point Infosystems Ltd. Siva Sivani Institute of Management
Compucom Software Ltd. Software Technology Group International Ltd.
Comp-U-Learn Tech India Ltd. SPRY Resources India Pvt. Ltd.
CORE Education and Technologies Ltd. Tokyo University of Science
Divya Knowledge Process Management Ltd. Tree House Education & Accessories Ltd.
Edserv Softsyst Ltd. University of Hyderabad
Educomp Solutions Ltd. Varsity Education Management Pvt. Ltd.
Everonn Education Ltd. Vikas Educational Institutions Ltd.
Harrison College Zee Learn Ltd.
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12. Business in Education February 2012
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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
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Partial list of organizations, where this report is being read:
A K Vidyamandir Group of Institutions Aspire Human Capital Management Pvt. Ltd.
Aaron Institute Auuro Educational Services
Aditya Birla Public School, Renukoot AZURE IT Solutions
AEC Business School Bharat Forge Ltd. - Kalyani Group
Afairs Exhibitions and Media Pvt. Ltd. Billabong High International Schools
Alethia Education Birla Edutech Ltd.
Amity University Rajasthan BrainTree Global School
Anovus Institute of Clinical Research Brainy Kidzs
Apeejay Stya University Brightstar Learning Ltd.
ApplyEzee Education Private Ltd. British Council
Aravali Institute of Management at Jodhpur Cambridge Public School
Art of Learning Campus World Inc
Asia Direct Career Cubicle Pvt. LTD.
Asia Pacific Institute of Management Delhi Career Launcher
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13. Business in Education February 2012
Career Point Infosystems Ltd. Edunova Educational Research And Training Pvt Ltd
Castle Rock Research Corp. edupaedia.in
Centum Learning Ltd Edupower.in
Charisma International Education Centre, Nigeria Eduvision India Services
CL Educate (Career Launcher) Eduwaves
Classteacher Solutions Edvance Learning
Connect2Gurukul Edvance Learning Pvt Ltd
Credila (HDFC LTD) E-KIDS Solution Private Ltd.
DALIA Institute of Management Elsevier India
DARE, a monthly magazine on Entrepreneurship. Elyon Education
Delhi Public School Emerge Learning Services Ltd.
Department of Education Ernst & Young
Deutsche Bank Group EuroKids International Ltd
Donbosco Tech, India Everonn Education Ltd.
E learning Evolve XL Pvt Ltd
E Z Vidya Examville.com, LLC
Easy Learning India Exioms
Ecole Solutions Pvt Ltd Explorers School
EdSaas Hyderabad EZVidya Pvt. Ltd.
Edsine Feydhoo School, Maldives
Education World Magazine FIITJEE Ltd.
Educational Initiatives FinPac Financial
EducationWorld Focus Educare Pvt. Ltd.
Educomp Raffles Higher Education Ltd Future Focus Infotech
Educomp Solutions Ltd Future VISTA View Edu Tech Pvt. Ltd.
EduNirvana Pvt Ltd Gabss EduSkill Ltd.
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14. Business in Education February 2012
GD Goenka World Institute (Lancaster University) Ignite Young Minds
GEMS Education IIT Kharagpur
Gladioli Education IL&FS Education and Technology Services Ltd.
Global Education Management Corp. iLearn-International
Global indian school India Entry 360.Com
Global Learning India Venture Partners
Global Workforce Development & Consulting IndiaCan Education Pvt. Ltd ( A Pearson Educomp
Organisation Company)
Globalshiksha.com IndiaCo Ventures Ltd.
Gokuldham high school and junior college Indian School of Business & Finance
Grassroot Infosolutions Pvt Ltd. Indic Institute of Design and Research
Harbinger Knowledge Products Indigram Skill and Knowledge Initiatives Pvt. Ltd
HCL Technologies Ltd. Indus Learning Solutions Pvt Ltd
higherstudy.com Informatica
HOC Educational Services Pvt Ltd Innovative School of Business & Management Pvt.
Ltd.
HTC School
Intarvo Technologies Ltd.
i Big Wonder
Integrated EduTeam
IAMR Group of Institution
iProf India
IANS Education Services
Jagran Social Welfare Society
IBMR Business School
Jain Group of Institutions
ICFAI
Jain Heritage, a Cambridge School
ICS GROUP
Jetking Infotrain Ltd
iDiscoveri Education Pvt. Ltd.
Kakubhai Parikh Group of Schools
IDP Education Pty Ltd.
Kaligi Ranganathan Montford Group of Schools
iE&D Solutions BV
Kangaroo Kids Preschools
iEdvantage
Kennedy School
iGATE Patni
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15. Business in Education February 2012
KPMG N & Z Edu Solutions Pvt Ltd
KQM Consultants narayana educational institutions
Laetus Education Private Ltd. Nascent Edutech Pvt. Ltd.
Latitude Edutech Consulting Pvt. Ltd. National Geographic Explorer
Leading Education Management Enterprise Navitas
LeapEd Knowledge Solutions Pvt. Ltd. Next Education India Pvt. Ltd.
Liberty Anything Skool NHELITE Education Services Ltd.
LIGHT EASY MIND Training & Coaching NIILM School of Business
Literati Training Private Ltd. NIIT Ltd.
Lord Krishna Group of Institutions NIMS
Lotus Learning Pvt Ltd Norwest Venture Partners
Macmillan Publishers India Ltd. Okapi Consultancy Ltd
Mahadev Educational Initiative Panacea People Group
Mahatma Gandhi International Schools Panjab University, Educational Institution,
Chandigarh
Mail Today
Peapod Preschool
Manya Education (P) Ltd.
Pearson Education India
Mastermind Classes
Pearson Education Services Pvt. Ltd. (Edurite
MBAGuru - Roots Education Pvt. Ltd. Technologies)
Mehan Edusolutions Pvt. Ltd Pearson Learning Solutions & Edexcel Ltd.U.K.
Mexus Education Pvt Ltd Pedagogues Education India Pvt. Ltd.
Mind Shaper Technologies Pvt Ltd. Power Coaching
MM ACADEMY Pratham Edusys Pvt Ltd
Modern Public School PricewaterhouseCoopers Pvt Ltd
Modi Public School Prism Infosolution
MRV International school Promethean
MyTrustedTutor.com PT Education
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16. Business in Education February 2012
PT universe Shri Shankaracharya Group of Institutions
Q Point Shrishti Institutional Support for Economic
Development
Quest Tutorials
Smart Careers(Career Launcher)
R.D. Computers & Technologies
Space Technology & Education Pvt. Ltd
Radcliffe School
Sraw Educational Initiatives
Radiant Educational Investment LLC
St. Francis ICSE School
Rai Foundation
St. Soldier Management and Technical Institute
Reliable Institute of Law
Strategum Eduserve Pvt. Ltd.
Reliable Institute of Management & Technology
T.I.M.E. Pvt. Ltd.
RESONANCE Eduventures Pvt Ltd
Tata Teleservices Ltd.
Right Track Admizzionz Campuz
Teachwell P S Institute Pvt. Ltd.
RIS Tech Pvt. Ltd.
Techno Alliance
Roots Education
Technopak Advisors
Rumi Education Private Ltd.
TECNIA GROUP OF INSTITUTIONS
Sai Educations
Tekbos Business Solutions India Private Ltd.
Saint-Gobain Gyproc India Ltd.
The Achievers Programme
Samskar Academy of Kids Education Pvt. Ltd
The Economic Times
SANAKO Corporation
The Parthenon Group
Sancta Maria International School, Hyderabad
The Princeton Review
Sattava Edusys Pvt. Ltd.
The Shri Ram Competitive Classes
School Serv
The Times of India
Schooladmissions.in
The Wall Street Journal
se.eds - Swedish Education Services
Theschoolworld.com
Shanti Business School
Third Academy School
shiksha.com(Education Portal) at Info Edge India Ltd
TQMS Global
Shivaani Educational Services Private Ltd.
Universal Education Consultants
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17. Business in Education Vibgyor High School February 2012
Vidya Prakashan Mandir Ltd
University of Mumbai Vidyalankar Group of Educational Institutes
University of Warwick Vyasa Learning Solutions (P) Ltd
University of Westminster Youreka - idiscoveri
Upacaar Zee Learn Ltd.
Usha Martin Education & Solutions Ltd. Zentrum
VectorSpan Inc.
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18. Business in Education February 2012
Disclaimer
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individual or entity’s circumstances. Although proper care has been taken to provide accurate and timely
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Publication Volume: 12-002
Publication Date – February 2012
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