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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
15 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
8000
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.
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QUICK FACTS
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- Incorporated in 1994
-
15 million
Learners
-
26,000
Schools
-
8000
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
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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 Smart classTM, 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
26,000
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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