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MT Educare Ltd.

BSE: 534312 Sector: Others
NSE: MTEDUCARE ISIN Code: INE472M01018
BSE 15:40 | 17 Jan 57.10 -0.85
(-1.47%)
OPEN

57.05

HIGH

58.00

LOW

56.75

NSE 15:31 | 17 Jan 57.25 -0.30
(-0.52%)
OPEN

58.00

HIGH

58.20

LOW

56.50

OPEN 57.05
PREVIOUS CLOSE 57.95
VOLUME 17873
52-Week high 139.40
52-Week low 53.00
P/E
Mkt Cap.(Rs cr) 227
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 57.05
CLOSE 57.95
VOLUME 17873
52-Week high 139.40
52-Week low 53.00
P/E
Mkt Cap.(Rs cr) 227
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

MT Educare Ltd. (MTEDUCARE) - Chairman Speech

Company chairman speech

Dear Shareholders

Since its inception MT Educare has grown by providing high-quality educationalservices and exploring new ways to enhance the overall learning experience throughapplication of latest technology and digitized content. With nearly three decades ofexperience and expertise in providing educational support and coaching services MTEducare has a made a significant difference in the lives of students across the country.It has helped them to chart successful careers and professions.

As India develops into a knowledge-hub there would be an unprecedented demand forquality education. MT Educare once again stands at the forefront of ushering in a newchapter in educational services and facilitating the overall growth of our economy. Backedby a team of highly qualified teaching and management professionals MT Educare iscommitted to help students achieve their dreams and aspirations.

Through various public and private partnerships we have been able to penetrateunexplored geographies thus reaching out to students across every strata of the society.Thanks to its extensive and reliable distribution network MT Educare has gained access tomore than 150000 students across various territories in India. Along with growing itsown network the company has been establishing alliances with various government andprivate bodies helping students to realize their dreams in almost every field ofprofessional education.

Over the years we have established a strong goodwill through consistent performanceand have a huge alumni bank reinstating the credibility and faith people have in us. MTEducare envisions a success path for its students which is characterized by qualityeducation and skill development aided by digital technology. In the process we continueto create superior value for all our stakeholders while helping India build a more skilledand talented youth.

MT Educare is riding on the digital media wave in the education industry. MT Educare iswell positioned to optimize the growth opportunities that the Indian education industryhas to offer especially in the e-learning and digital media space. High-quality coachingintegrated with technology-enabled classrooms and digitized content remain our key focusareas. Through our tech-driven teaching modules we have provided students withuninterrupted access to learning by using their computers laptops mobiles tabs andother hand-held devices anytime anywhere enabling self-paced learning. Our team of morethan 1200 teaching faculty coupled with our presence across 13 states at 170 differentlocations and 266 centres makes a reputed player in the educational industry.

Some of MT Educare's successful accomplishments include:

Training over 100000 students across 13 states (Maharashtra Gujarat KarnatakaChandigarh Haryana Punjab Tamil Nadu Kerala Assam Odisha Uttar Pradesh AndhraPradesh and Telangana)

Access to more than 45000 students through pre-university tie-ups

Partnered with Aryan Foundation in 22 integrated colleges across Karnataka throughMahesh PU

Serviced students across 60 integrated colleges through Sri Gayatri EducationSociety across Andhra Pradesh and Telangana

Launched a multipronged media campaign in FY17 with an investment of around Rs 14Crores including television commercials running across media channels with Bollywood'siconic celebrity Mr. Amitabh Bachchan as the brand endorser for the Robomate+ app

During FY17 we have coached around 159162 students as compared to 153646 in FY16.Commerce & UVA segment registered the growth of 71% contributing around 34% of thetotal revenue. Our revenue increased to Rs 30106.80 Lakhs registering a growth of 5%.EBITDA has been impacted in FY17 due to the launch of state of art learning platform (LMS)Robomate+ through a multi-pronged media campaign which includes TVC's running acrosstelevision channels which costed around Rs 14 Crores. We received very good responseacross market segment and should help to grow business in FY18.

We at MT Educare also believe in giving back to the society. Our philosophy is toserve the society in the fields of education healthcare women empowerment and sports. Wecoach students of BMC schools and also provide financial assistance through tie-ups withvarious hospitals and medical centers to the underprivileged patients. We are alsoproviding support to NGOs those who are working towards providing meal to theunderprivileged children and also for women empowerment.

I would like to express my sincere gratitude to each and every stakeholder for theircontinued trust and support.

Yours Truly

Mahesh Shetty Chairman and Managing Director