Everonn plans to open 25 B-schools

Chennai-based education company,Everonn Education, is planning to open around 25 business schools across the country in the next few years with an investment of around Rs 250 crore.

The company is likely to make a formal announcement in this regard the next week. The company on September 3, announced a change in its registered name to emphasise its operational expertise.

“Education is a growing industry and Everonn has been a facilitator of quality education for over two decades. Thus we decided to foray into setting up of business schools,” said an official from the Everonn Education.

Currently the second largest education company in India, Everonn’s focus has been on facilitating quality education using breakthrough technologies such as its pioneering VSAT delivery platform and the provision of educational content on the move via mobile phones.

However, the company will continue to focus on offering comprehensive educational services to the schools, colleges and retail segments across India, while expanding its business globally.

“With clearly defined operational arena and objectives, Everonn is entering a phase of diversified growth in the education industry, across India and abroad, with the potential for widespread growth in the near term,” the company had said in a release to Bombay Stock Exchange while notifying its name change.