R Jai Krishna
NEW DELHI: EduComp Solutions Limited, an India-based technology driven education company and a pioneer in education process outsourcing (EPO) space, is likely to invest in setting-up its own schools enabled with technology-driven educational system.
The company will facilitate the setting-up of 100 schools across the country, and will be investing Rs 225 crore in the first round, sources said.
Educomp will be offering loan and capital subsidy for its products through its subsidiary Educomp Infrastructure and Educomp School Management Company for the Rs 225 crore, which will be invested as equity through its subsidiaries. The rest of the investment will be arranged through debt. The company had earlier announced setting-up of 100 schools in the country in the next three years. The company is so far engaged in providing digital infrastructure and content to schools, apart from offering professional development and online tutorial services.
Meanwhile, the educational technology firm today unveiled its Millennium Learning System (MLS), a fully integrated learning delivery system developed to power the schools in the country.
Announcing the MLS here, Shantanu Prakash, managing director of EduComp said that the system will be made available to schools across Indian cities, run by independent trusts and societies.
“The Millennium Schools will incorporate a unique blend of global best practices in education and inherent strengths of Indian education system with the added advantage of MLS - EduComp’s cutting-edge proprietary learning system for schools. The company will be targeting at schools to be set-up in tier-2 and tier-3 cities in India,” he said.
According to Prakash two schools will be opened by this year-end, six more by June 2008, and will be about 20 schools by 2009.
“We will have about 100 Millennium Schools, in next three to four years. The schools for the first time in India will have an unique and structured Talent Development Program that will seek to nurture the inherent talent in each child in the early part of their schooling life,” he informed.
The company is also reportedly entering into partnerships with real estate DLF Ltd. that gives EduComp a preference to set-up schools in all the townships that the real estate firm develops. Most of the EduComp schools will be based on the CBSE curriculum. However, the company will run some of the international boards in some of its schools.