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| Birla Edutech to open 200 schools, 20 TTIs in next three years |
| Press Trust of India / Hyderabad Feb 03, 2010, 17:49 IST |
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Birla Edutech Limited, part of Yash Birla Group, is aiming to open 200 schools besides from 20 Teachers Training Institutions (TTI) in the country in the next three years.
The schools will be either company owned or In partnership with others, CEO, Birla Edutech Srikrishna said here today.
"Each school requires around Rs 2-crore to Rs 3-crore. We need Rs 2,000 crore to reach the goal," Srikrishna said on the sidelines of inauguration of their first preschool "Globe Toters" here in association with a city based real estate company DRS Infrastructure.
He said that nearly 15 per cent Of the total schools will be company owned and rest on Partnership management.
Yash Birla, Chairman of the Yash Birla earlier in the meeting said, that they will be raising the funds through internal accrual, IPO and private equity.
He hinted that the Company might come for IPO in 24 to 36 months.
"We are planning to set up super specialty schools across the country. We are holding discussion with some of the institutions," Srikrishna said.
The schools are targeted above average income group population and the fee range depending up on the city varies from Rs 3,000 to Rs 10,000.
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