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About Educomp Solutions Ltd.

Founded in 1994, Educomp Solutions Ltd. is a globally diversified education solutions provider and the largest education company in India. Educomp currently serves more than 22.8 million learners and educators across India, USA and Singapore.

Educomp has 27 offices worldwide including an office in Canada, 20 in India, two in Singapore, one in Sri Lanka, and three in the United States. Educomp has an employee base of over 10,000 professionals (including contractual employees with various state governments).

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 Inc. in Canada.

  
QUICK FACTS
  • Incorporated in 1994
  • 22.8 million Learners
  • 34,500 Schools
  • 10,000 Professionals (including contractual employees with various state governments).
  • 27 offices
  • Presence in India, North America and the Asia Pacific Region
  • Works with 14 state governments in India

Educomp works closely with schools implementing innovative models, creating and delivering content to enhance student learning. Educomp has maintained a long, undiluted focus in the K-12 curriculum design and teacher education space. Its innovative applications and products have revolutionized the way information technology and the Internet is used to deliver new age learning to people.

Educomp is a publicly traded company on the Bombay Stock Exchange and National Stock Exchange, India.

Educomp Products

Educomp has over the years been at the forefront of various pioneering initiatives in the e-education space. A few notable examples are

  • Introduced smartclass, a ‘teacher-led’ content delivery system that has dramatically improved learning effectiveness in class.
  • Developed India’s richest 3 D K-12 content library with over 16,000 modules aligned to Indian and international learning standards.
  • Developed Roots to WingsTM, India’s first structured Pre-School learning system.
  • Developed Mathguru.com an online learning initiative.
  • Pioneered Education Process Outsourcing in India through the Learning Hour platform, a benchmark for other similar initiatives.
  • Conducted Professional Development workshops, training more than a million teachers in technology integration, pedagogy, and best practices in teaching.

Educomp’s Research Team constantly evolves more effective methods to reach out to learners and educators.

Educomp has a track record of implementing large scale Public-Private-Partnership projects. Educomp works intimately with various State and Central Government agencies, Ministries of IT and HRD, and Governments of other countries. The varied programs involve across-the-board education infrastructure implementation, teacher training and content development projects.

The current client base of Public-Private-Partnership projects is close to 14000 schools including large projects of the Governments of Assam, Karnataka, Orissa, Tripura, Gujarat, Uttar Pradesh, West Bengal, Tamil Nadu, Haryana, Jharkhand, Rajasthan, Punjab, Chhattisgarh and Andhra Pradesh in India.

Educomp Affiliates

Educomp group works with over 34,500 schools across India, US and Singapore

Educomp’s presence in the US is via its fully owned subsidiary Edumatics Corporation based in Ventura, California, while in the APAC region, Educomp operates via Educomp Asia Pacific Pte Limited. Strategic acquisitions and joint ventures are further enhancing Educomp’s footprint across the world. These are

  • ASKnLearn: ASKnLearn is a premier Pan-Asian provider of education solutions and services that caters to over 180 educational institutions in Singapore, China, Thailand, Japan, and Brunei.
  • Three Bricks E-Services: Educomp has acquired a 76% stake in the domestic home tutoring company - Three Bricks E-Services, promoter of online tutoring website ‘The Learning Hour’ and ‘Threebrix.com’ will strengthen Educomp’s online tutoring platform.
  • AuthorGen Technologies: Educomp’s 51% strategic stake in AuthorGen Technologies Pvt Ltd. has helped consolidate its position on online tutoring with access to key technology competence, student teacher marketplace models, and web 2.0 platforms for online learning. Their leading portal wiziq.com connects students and teachers from around the world with capabilities to run on any web browser and any operating system.
  • Savvica: The acquisition of 70% of Canadian online solutions company Savvica has augmented online community building capabilities to Educomp’s content offerings.
  • Learning.com: In May 2008, Educomp acquired a majority stake of the US based Learning.com. Learning.com serves around two million students with products licensed to over 7500 schools in 800 districts across the United States. The products are: Aha!Math, a K-5 supplemental math curriculum; EasyTech, a K-8 technology literacy curriculum that helps students develop and apply their technology skills to math, science, language arts and social studies curriculum; and TechLiteracy Assessment, an authentic technology proficiency assessment that provides educators with the data to understand how well students grasp technology skills.
  • Raffles Education Group: Educomp has forged a joint venture with the Singapore based Raffles Education Group, Asia Pacific’s largest Private education group for Professional Education in India. The JV opens up growth opportunities in Post K12 to bring the entire suite of the Group’s Professional development programs and courses to India. The premium design institute Raffles Millennium International (RMI), launched in Delhi and Bangalore will provide quality education through Raffles network of institutions in the Asia Pacific region for industry-relevant qualifications.

To tap the opportunity arising from the perennial shortage of schools in the country, Educomp Infrastructure & School Management Services Ltd. currently works in 20 schools, with student enrolment exceeding 16000. Leveraging the core competencies of the Millennium Learning System, which is both a replicable and sustainable model, Educomp’s School Solutions team is committed to extending their school network to about 100-150 over the next 3-4 years.

Recognition

Over the years, Educomp and its affiliates have won recognition from many institutions. Educomp ranks Number 1 in Education & Training in the study: India's Best Companies to Work For 2009. This study was conducted by The Economic Times in collaboration with the Great Place to Work® Institute, a US-based institute that ranks Best Workplaces globally. Educomp Solutions was named in the 200 Best Under a Billion for the Asia-Pacific region by Forbes magazine Sept 29, 2008 issue. This annual list picks the best from 24,155 listed firms in the Asia-Pacific region. Similarly BT 500, 2009 featured Educomp in its list of most valuable private companies in India in its November 2009 issue.

The Company also has the honor of being the first company in India to have been rated SME1 by CRISIL, in recognition for its outstanding creditworthiness. In addition, the Company also received.

  • A P1 rating for commercial paper from CRISIL
  • An "A" (Stable) rating for long term debt (Non-Convertible Debentures) from Fitch Ratings.
  • An A / Stable rating for cash credit facilities from CRISIL.
  • An ISO 9001:2000 certification in application of ICT (Information & Communication Technology) related to computer aided learning, training and computer literacy projects in Schools.

In December 2007, BT 500 ranked Educomp as the 7th biggest in percentage gain in market cap (H1, 2007 over H1, 2006) and 140 in the list of the most valuable private sector companies in India (up from rank 346 in BT 500 list of November 2006). The Company has been ranked 319 by ET 500 March 2007 issue. Educomp was chosen as the "FUTURE TITAN", one of the 10 hottest companies in India by Outlook Business Magazine in November 2006. It was also rated the best performing IPO of the year 2006 across all sectors in India. In recognition of its innovations and product offerings, Educomp was conferred the "CNBC-ICICI Bank Emerging India Award" as the ‘Company of the year 2005’ in the ICE and ITeS category.

 

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