Frameboxx, IIFM get Rs 28 cr from PE firm India Alternatives

Frameboxx Animations, India’s leading Animation and Visual Effects training institute which has recently tied up with the Indian Institute of Financial Management, has announced that private equity firm India Alternatives Investment Advisors Private Limited will be investing Rs 28 crore in the combined entity.

The investment follows the creation of a platform by way of a merger between Frameboxx Animations, an animation training firm, and the Indian Institute of Financial Management, which offers MBA programs and vocational training

in financial services. The PE firm would hold a significant minority stake in the combined entity which provides training and higher education courses including MBA, financial services as well as media and animation.

Mr. Naveen Gupta, CEO & Executive Director, Frameboxx said, “India Alternatives which is sponsored by the promoter of Centrum Group Chandir Gidwani foresees tremendous opportunities in the education sector. This is an exciting deal which allows Frameboxx to diversify into the fast-growing financial services sectors.”

Mr. Jagmohan Bhanver,CEO, IIFM said, “The existing international tie ups of IIFM and Frameboxx coupled with strong industry involvement in all the programs will deliver world class education with high employability.”

Shivani Bhasin Sachdeva, CEO of India Alternatives, said, “The education sector in India is an $80-billion dollar opportunity. We have created this exclusive transaction by combining two players to form a unique platform in the education sector.” India Alternatives has also roped in Anjani Jain, Vice Dean of The Wharton School, to provide strategic guidance to portfolio companies in the education sector.

It will have over 50 centres offering animation training and more than 20 offering vocational programmes in finance (wealth management, financial planning and insurance management) and a pan-India presence of MBA centres.

About Frameboxx:

Frameboxx Animation & Visual Effects is a versatile conglomerate with a focus on providing world class Animation, Media & Visual Effects training. Founded by a team of industry professionals with over ten years of experience in Animation Production and Education, Frameboxx is a pioneer in providing highly innovative and quality training services over a range of verticals with Classroom Training being the primary domain of operations. Having started operations in end 2007 with eleven state of the art training facilities in India, the company has grown to a presence of 60 world class training facilities in India and employs the finest set of technical and creative instructors with over 6000 students actively pursuing their Animation & Visual Effects education at any point of time. Frameboxx Animation & Visual Effects have recently launched B.Sc. in Multimedia & Animation in association with Sikkim Manipal University.

About IIFM:

IIFM (Indian Institute of Financial Management) is an integrated higher education institute, offering both management programs as well as unique finance programs for the Banking & Finance industry. IIFM was started in 2007 by a group of senior industry professionals & educationists from India and overseas. IIFM, through its affiliate institute, PeopleFirst Learning & Training Services, has educated & trained more than 5,000 banking & financial services professionals in India as well as the Middle East. IIFM has tieups with TJSL, AAFM and Seneca College for its dual degree/twinning programs.

IIFM’s management team is supported by a robust governing council of 30 luminaries from the academic side as well as business and policy leaders. IIFM received the education excellence award from IERDA in 2009 & has been nominated for Rajiv Gandhi Education award in 2010.