 "CL educate, career launcher")
CL Educate offers test preparation services through its ‘Career Launcher’ brand for entrance tests to management (MBA), law, banking and other courses (consumer segment). The company also caters to the corporate segment and universities by providing services such as corporate training, advisory and research incubation, as well as vocational training under government schemes, among others.
Its presence in the non-consumer segments (about 40 per cent of revenue) had led to higher receivables, as well as stretched working capital requirements. Unimpressive financials and weak return ratios are also some key concerns.
Though none of the listed education companies are strictly comparable
