Education Companies in India – Bad Government School Education offers Huge Market (Everonn,Educomp,CPIL,NIIT,Manipal)

Education is a critical requirements for  India today as it lags behind other Asian countries in education indices with vast swathes of its population being illiterate.India’s hopes of becoming a major power will remain a pipedream till most of its labor force is educated and productive. As the country strives to become an economic superpower, need for high-quality education, at all levels, will increase. Not only  is India deficient in providing primary eduction but due to the higher education costs, many students give up their decisions of pursuing higher studies. But, the emergence of education companies in India has led to a significant change in the scenario. They provide need based education solutions to facilitate the process of interaction between students, teachers and parents. These companies are coming up with technology based educational solutions to meet the educational needs of schools and colleges. These contents can be accessed from any part of India and other countries by interested individuals. They offer digitized content which can be disseminated through 3G spectrum mobile phones, broadband and other sources.

Why the Education Market in India Rocks

Note the Education Market in India has been estimated to be around $50 billion and growing rapidly.Though the market is fragmented currently with schools run mostly by christian missionaries,a few chains and thousands of standalone trusts,some consolidation is happening.Some brands like “Delhi Public School” has become highly valued and is rapidly expanding throughout the country.With the government schools considered of extremely low quality,private education companies have a massive field to expand in.It is a highly profitable ,recession proof business with huge demand attracting a number of private equity investors as well.

List of Education Companies in India

Everonn Education Ltd. – It is a pioneer in using technological means to provide education  in the  country. I In India, they started as Everonn Systems India Limited in Chennai in the year 2000. Later, in 2007 the company entered the Internet arena with its Web products and online entrance exam tutorials. To spread education across the country, it started Educating India Initiative in the year 2009. Everonn is listed in both the NSE and BSE. It has network of leading schools, colleges training centers, as well as features like web products, entrance examination guidance, retail, skill development, teachers’ training, education resources, e-governance, animation and gaming and formal education segments.

The different types of schools associated with Everonn are –

• Kinderstand is a pre-school from Everonn  that offers full-day care for children between the ages of 2 and 8 years.
• KenBridge Schools offers  technology enabled education to students at the district level.
• Winfinity World international Schools

Educomp Solutions Ltd. – It was founded in 1994 and since then it has become  the largest education company in India.Educomp Group reaches out to over 26,000 schools and 15 million learners and educators across the world, with 27 offices worldwide including 20 in India. In addition, the Company operates through its various subsidiaries including authorGEN, Threebrix eServices, Learning.com, USA, AsknLearn Pte Ltd, Singapore and via its associates such as Savvica in Canada.

The different Schools & Colleges associated with the company are –

• Roots to Wings is a chain of pre-schools, designed to cater to the needs of children between two to five years. Launched in 2006, it has  240 franchisee schools operational.
• EuroKids is targeted towards the pre-school environment. Launched in 2001, EuroKids has raised the bar for preschool education in the country.The other institutions are International, Millenium & Takshila school, Raffles Millennium International & Millennium Academy of Professional Studies.

NIIT – NIIT was founded in 1981 to provide effective learning solutions & IT knowledge to individuals, industries and educational centers in about 40 countries. Some solutions which are meant for teachers and students include Interactive Classrooms, Mobile Science Lab, Learning lab, Math lab, Quick School and IT Wizard.NIIT’s training solutions in IT, Business Process Outsourcing, Banking, Finance and Insurance, Executive Management Education, and Communication and Professional Life Skills, touch five million learners every year.

• Centre for Advanced Learning offers Executive Management Education Programs in association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore, Kolkata, Lucknow, IMT Ghaziabad and IIFT Delhi.
• NIIT Institute of Finance Banking & Insurance (IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance.
• NIIT Uniqua, Centre for Process Excellence, addresses the increasing demand for skilled workers in the business and technology services industry by providing training programs in relevant areas.
• NIIT’s Corporate Learning Solutions, offers integrated learning solutions (including strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.

Manipal K-12 Education Pvt. Ltd – Earlier, the company was known as Edurite Technologies, a leading technology based education solution provider. The company was merged with a world renowned online tutoring firm called TutorVista in the year 2007 & later in 2008, TutorVista with Manipal Education and Medical Group (MEMG) formed Manipal K-12 Education Pvt. Ltd.

Manipal K-12 Education provides an range of learning solutions including spoken English courses, CDs and DVDs. It offers online tutoring solutions for subjects like English, Maths and Science. The company is based in Bengaluru, India.  The different services provided are Edurite Tutorials (technology based tutorial facilities), Manipal School Services (management services for school), Edge-English Expert (cutting edge teaching aid for training in English) & OEM (digitalized content for related products). The company also has different classroom solutions like DigiClass (ICT based classroom solutions) & DigiLAB (technology-based lab solution)

Career Launcher India Ltd. – It was set up in the year 1995 to provide training and learning solutions to students so that they can prepare for the various entrance examinations. It offers classroom courses and other web-supported services. It also introduced its playschool chain called ‘Ananda’ . The K12 schools by CL are named as ‘Indus World School of Business’ and Business school is called ‘Indus World School of Business’. It has students enrolled in graduate and post graduate courses to help them qualify entrance examinations like CAT, GRE, XAT and other high level tests that take place across India. In addition, this company also organizes training programs for senior and high secondary school candidates every year in the fields of law, hotel management, BBA, fashion & design and engineering.

Career Point is essentially a Tutorial Based Company coaching Students to pass competitive exams like IIT,AIEEE and various other engineering and medical tests.This Competitive Exam Coaching Industry has become quite big in recent times with a number of players like Bansal,Akash and others.There is little value add or entry barrier in this business.It is now trying to enter the school business known as the K12 segment.It recently managed to publicly list through a heavily subscribed IPO in the Indian stock markets becoming the first “coaching” company in India to get listed.

Publishing-Education Companies

Macmillan India – Macmillan is one of the largest and best-known publishers in the world. It is characterized by high-quality academic, educational, fiction and non-fiction publishing in many forms: educational course materials, science, technology and medicine, college textbooks, dictionaries, monographs and reference materials.  The company has relationships with over 15,000 schools all over India and with its 22 offices and showrooms. Macmillan also offers web-based solutions and IT services to publishers globally through its dedicated software services unit ‘emacmillan’.

Pearson Education – Pearson Education is one of the leading education companies in India .The learning solutions offered by this company are based on subjects like technology, law, science, business and humanities.The company offers educational solutions in the fields of assessment, enterprise software and testing. Its online learning programs are also considered the best among professional consumers. I

Note this is not a comprehensive list but has the major education companies in India listed above.Besides these companies,others like FIIT and others are major coaching companies which have become major money spinners by providing coaching for entrance examinations.They have received investments from leading Private Equity players.