Next Education targets Rs 500 cr turnover

The company started operations in 2007, has already touched a turnover of Rs 100 cr

Hyderabad-headquartered Next Education Private Limited, a technology-driven education enterprise, is targeting to achieve Rs 500 crore turnover over the next four years.

Next Education, which started its operation in 2007, has already achieved Rs 100 crore turnover. "The company has grown 200% over last year. Seeing the digital revolution in the education sector in the country, we are positive for a good growth," Beas Dev Ralhan, chief executive officer, Next Education, said.

Next Education offers innovative learning solutions for the K-12 segment across CBSE, ICSE, IGCSE and 23 other Indian state boards in eight languages through its in-house developed products such as TeachNext, LearnNext, NextStudio, NextLabs, and NextERP.

It has created 10,000 learning modules that account for more than 1,000 hours of classroom teaching in the K12 segment in association with 500 technology and educational professionals. Recently, it has crossed 5,000 partner schools covering 4 million students, and has plans to reach 10,000 schools pan-India over next four years, he said.

"We are planning to expand to less prominent regions like Ladakh, Dimapur, Aizawl and Kanchipuram in the coming years," he said. Currently, it has presence across 600 districts in India.

The company has plans to raise Rs 150-crore from private equity (PE) players this year. It has invested around Rs 300 crore since inception in research, content development and in rolling out its pan-India operations.