Chennai based Education Services Company EdServ has announced that its revenues for the full year ended 31st March 2012 stood at Rs.86cr as against Rs. 122cr registered in the 12months ended 31st March 2011. The company posted a loss of Rs.5.8cr for 12 months ended 31st March 2012 as compared to Rs.41cr registered in the same period last year.
S. Giridharan, Chairman and CEO, EdServ said, "Though we have achieved cash profitability as EBIDTA, the content write-off and other depreciation including deferred tax led to the loss."
On Track to Open 200 Training Centers
The company is in the process of opening 200 Training Institutes across the country this year. The physical presence of EdServ through the Training Institutes across the country is expected to drive growth of its flagship online ( www.lampsglow.com) model as well. EdServ already has a wide range of e-contents along with online test prep engine as part of its flagship LAMPSGLOW.com that shall power the brick-and-mortar learning services in the training institutes.
To Double Vidhyadhana Schools
Vidhyadhana, the school management services subsidiary of EdServ, has signed up 100new schools taking the total number of schools to 250. Currently, there are over 250 schools in Tamil Nadu, Karnataka and Andhra Pradesh that are in the process of implementing Vidhyadhana's SchoolMATE iClass, a state-of-the-art Multimedia Classroom powered by a Digital Projection System.
Vidhyadhana, which offers iClass and ERP solutions to schools under SchoolMATE brand, is targeting to double its SchoolMATE iClass Schools in the country by adding another 250 Schools over the next 12-18months. SchoolMATE iClass, which is a Hi-Tech learning system for Schools, will help closely map the Student, School, Parent, and Career in the learning ecosystem in iCLASS.
A SchoolMATE iClass School will need to invest only around Rs. 3000 per month per classroom for the implementation of the iClass solution where Vidhyadhana would provide Content, Hardware and Multimedia projection system along with the solution.