Education content and service provider company, Educomp Solutions has
planned to open 75 Indian Institute of Technology (IIT) coaching
institutes in the coming fiscal. The coaching institutes will be opened
on franchise basis.
These coaching centers will be known as Leap Center and will provide
VSAT-based training program including training programs through
videoconferencing.
"We have undertaken restructuring of our business recently and have
created a new entity called Educomp Supplemental for our supplemental
education business which includes tutoring, counselling and assessment.
This initiative is a part of Educomp Supplemental," Shantanu Prakash, MD
and CEO, Educomp has said.
According to estimates, the IIT-JEE and AIEEE market size is estimated
to be Rs 2,500 crore with an average coaching spend of each student
being close to Rs 30-50,000 annually.
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