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Global Education Ltd.

BSE: 538406 Sector: Others
NSE: GLOBAL ISIN Code: INE291W01011
BSE 05:30 | 01 Jan Global Education Ltd
NSE 00:00 | 12 Aug 173.20 -4.40
(-2.48%)
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Global Education Ltd. (GLOBAL) - Company History

Global Education Limited was incorporated as a private limited company on June 30 2011 in the State of Maharashtra. The Company has been established as a service provider company providing number of business support services to various organizations. The services include various business support services to educational institutions corporate and banks. The Company provides services such as infrastructural facilities conduct of online examinations training including soft skill development marketing and publicity through various modes like print media television advertisement and related services like designing space management etc. It acts as a supplier for items like computer hardware and accessories tools printed materials like prospectus journals books stationary items etc mainly for educational institutions.The Company is an ISO 9001: 2015 certified as an educational service provider and expert consultancy firm. It is headquartered in Mumbai with another branch in Nagpur. With a big team of qualified professionals and Industry expertise the company have clients worldwide. The Company offers business management consulting services and advises to over 36 major organizations and institutes. Over 83% of the work for Global Education originated from the existing clients and their referrals. The focus of GEL has been in delivering skill and educational interventions to the sections of societies and parts of the country where they are most needed and the youth have limited exposure and lack access to opportunities in achieving their career or livelihood goals. The core strength of the Company lies in the quality of education solutions delivered across various platforms. The company is not just passionate about being a diversi?ed education solution provider in India but also in providing the platform to achieve success.The initial phase of the Company's growth was focused on establishing ourselves as the only education- based company providing high quality technology and content solutions to education institutions and concurrently ramping up market reach and presence. This was followed by focused expansion of the footprint across professional training and skill developments to corporate teachers and students for human capital development and other various business support services to education institutions; to become India's largest education service provider company. Today the Company is a national player with multi-city presence and a diverse product portfolio due to technology enabled business processes digital content delivery and 24 x 7 support for the skill development and professional courses o?ered. The company is about to expand pan-India presence through various alliances partnership with government bodies and tie-ups which helped to penetrate unexplored territories giving access to a larger student base and opening up fresh opportunities.The company had made an Initial Public O?er (IPO) of 683000 Equity shares through Book Building process to the public and got listed on the SME Platform of the National Stock Exchange e?ective from March 02 2017. The company changed to a listed public company and got migrated to the Main Board of NSE with e?ective trading commencing from 07 December 2020.On 27 May 2020 the Company completed the disinvestment of entire shareholding in wholly owned subsidiary (WOS) Riaan Eduventures Private Limited comprising of 100% stake of the paid up share capital of Riaan Eduventures Private Limited i.e. 50000 equity shares of the Face Value of Rs.10/- each. Consequent to above disinvestment by the Company Riaan Eduventures Private Limited ceased to be a subsidiary of the company (Under Section 2(87) of the Companies Act 2013) e?ective from 27th May 2020.During the ?nancial year 2020-2021 the Company issued and allotted 7697300 bonus equity shares of Rs. 10/- each in the equity share capital of the Company to the holders of the equity shares whose name appeared in the Register of Members (Bene?ciary) of the Company as on the Record Date i. e. 16 November 2020.During the year 2021 the Company entailed a capital expenditure of around Rs.48.80 lakhs towards expansion in supply of infrastructure & other services segments to enhance the capacities of major services and increasing the operational e?ciencies.

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