Educomp Opening new 75 IIT coaching centers

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.