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Career Point Ltd.

BSE: 533260 Sector: Others
NSE: CAREERP ISIN Code: INE521J01018
BSE LIVE 15:40 | 24 Jan 118.00 1.50
(1.29%)
OPEN

116.95

HIGH

119.00

LOW

116.95

NSE LIVE 15:45 | 24 Jan 117.40 2.00
(1.73%)
OPEN

116.80

HIGH

119.95

LOW

115.95

OPEN 116.95
PREVIOUS CLOSE 116.50
VOLUME 2090
52-Week high 141.75
52-Week low 94.50
P/E 13.08
Mkt Cap.(Rs cr) 213.93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 116.95
CLOSE 116.50
VOLUME 2090
52-Week high 141.75
52-Week low 94.50
P/E 13.08
Mkt Cap.(Rs cr) 213.93
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Career Point Ltd. (CAREERP) - Company History

Career Point Infosystems Ltd is a provider of tutorial services in India. The company provides tutorial services to high school and post high school students for various competitive entrance examinations including All India Engineering Entrance Examination, Indian Institute of Technology - Joint Entrance Examination and All India Pre-Medical and Pre-Dental Test. The tutorial services are provided through our classroom training programmes conducted through a network of Company Operated and Franchisee Centres. The company also offers distance learning programme comprising of correspondence and test series courses which have been systematically designed to provide effective and efficient education to students in a simple and lucid manner. They have two subsidiaries namely Career Point Edutech Ltd and Career Point Infra Ltd. The company operates in two core business areas namely Tutorial services and ECAMS. The various course offerings under the tutorial segment for competitive entrance examinations include IIT JEE, AIEEE, SLEEE, AIPMT, NTSE, KVPY and Science Olympiad. Their network of training centres consists of Company Operated Training Centres and Franchisee Centres. Career Point Infosystems Ltd was incorporated as public limited company on March 31, 2000. The company was incorporated to impart quality education to students preparing for various competitive examinations. The promoter of the company Pramod Maheshwari has been in the business of tutoring for competitive entrance examinations since 1993, and the business was being administered under proprietorship firms of Pramod Maheshwari, Om Prakash Maheshwari and Nawal Kishore Maheshwari, During the financial year 2002, the promoters started undertaking tutoring services via Franchisee Centres as a part of their expansion plans. Subsequently, from April 1, 2006, they also started providing tutoring services through Company Operated Training Centres. In November 2006, the company incorporated Career Point Edutech Ltd with the object of developing technology based educational solution and software. In the year 2007, the company launched synchro-school programme. In December 6, 2006, they incorporated Career Point Infra Ltd with the object to acquire land and developing such land for maintaining of schools and educational institutions. In the year 2008, they launched Career Point Knowledge Lab in Kota. Also, they executed management cooperation agreement with Singhania University for establishing university off campus. In the year 2009, the company executed management services agreement with the Gopi Bai Foundation Trust Kota (Raj.) for providing management services to Global Public School. In the year 2010, the company executed MoU with Hughes Communications India Ltd. Also, they executed MOU with Gopi Bai Foundation Trust Kota (Raj.) for providing Education Consultancy and Management Services for the proposed University at Alania, Kota, Rajasthan. As at July 31, 2010 the company had 17 Company Operated Training Centres and 16 Franchisee Centres. They have a team of 231 faculty members as on July 31, 2010 (excluding faculty members of franchisees) comprising of graduates in engineering and science. The company recently forayed into Education Consultancy and Management Services (ECAMS), catering to K-12 and Higher Education segments. Further, to address larger base of potential students, they introduced technology enabled education delivery platform for delivering content through 'TechEdge Class'. The company plans to use technology as a tool to provide access of their content repository to students across India. Also, they intend to enter new geographic markets and increase course offerings which will increase their diversification and potential for future course expansion. The firm is pursuing selective strategic acquisitions and joint ventures opportunities to augment additional capabilities and broadening its service offerings in greater geographical presence.