ASBM to float consultancy company

In a forward integration step, the city-based Asian School of Business Management (ASBM) has decided to float a company called ASBM Educon Limited with the basic objective of offering consultancy support to the upcoming educational entrepreneurs.

Talking to Business Standard, Biswajeet Pattanayak, the director of ASBM said, “We have decided to float a company called ASBM Educon Limited and the company is set to be incorporated within two weeks. The prime objective of starting this company is to provide consulting services to the budding educational entrepreneurs.”

ASBM Educon is being modelled on Educational Consultants India Limited, a company conceived and incorporated as a public sector enterprise by the Government of India in 1981 to offer consultancy and technical services in different areas of education and human resource development not only within the country but also on a global basis.

The company will have a corporate office in Bhubaneswar and also an outreach office in Hyderabad where ASBM’s second campus is being developed.

Explaining the nature and scope of the company, Pattanayak said, “ASBM Educon will have three separate divisions- consulting, training and coaching. While the consultancy division will offer consultancy services to the upcoming educational entrepreneurs, the training division seeks to impart soft skills training to engineering and management graduates and the coaching division will provide high quality and result-oriented coaching for management entrance tests like CAT and MAT.”

In another development, ASBM is also keen on offering dual degree management programmes at BBA as well as MBA levels in association with the US-based North Carolina Central University with which ASBM has already inked a MoU (memorandum of understanding).

“We are keen on offering dual degree programmes to our MBA as well as BBA students but will go ahead with such an initiative only when the All India Council for Technical Education (AICTE) gives it clearance for such programmes”, Pattanayak informed.