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MT Educare Ltd.

BSE: 534312 Sector: Others
NSE: MTEDUCARE ISIN Code: INE472M01018
BSE 00:00 | 14 Dec 60.60 1.35
(2.28%)
OPEN

59.05

HIGH

60.70

LOW

56.55

NSE 00:00 | 14 Dec 60.35 1.00
(1.68%)
OPEN

59.20

HIGH

62.00

LOW

56.25

OPEN 59.05
PREVIOUS CLOSE 59.25
VOLUME 4060
52-Week high 74.10
52-Week low 39.50
P/E
Mkt Cap.(Rs cr) 435
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 59.05
CLOSE 59.25
VOLUME 4060
52-Week high 74.10
52-Week low 39.50
P/E
Mkt Cap.(Rs cr) 435
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

MT Educare Ltd. (MTEDUCARE) - Company History

MT Educare Ltd is an education support and coaching services provider for students in the secondary and higher secondary school and for students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations. The company has operations across the states of Maharashtra, Tamil Nadu, Karnataka and Gujarat, through 188 Coaching Centres in 110 locations. Of these, the Company operates 19 Coaching Centres in eight locations in Maharashtra in cities such as Nashik,Aurangabad and Nagpur, through franchisee arrangements. The company also provides coaching for competitive examinations for admissions to universities offering masters in business administration degrees through their subsidiary, CPLPL, which operates in three locations in Mumbai. Additionally, they operate coaching centres at six locations in New Delhi and Gurgaon under the brand 'Study Mate - Powered by MT Educare' through HT Learning Centres Ltd (HTLCL), which is a joint venture of their wholly owned subsidiary, MTESPL with HT Education Ltd. The company, through their Dubai branch, MT Management Solution, also provides management consultancy services to a coaching centre in Dubai which includes providing coaching and administrative support services for secondary and higher secondary school curriculum of various education boards. MT Educare Ltd was incorporated on August 19, 2006 as a private limited company with the name MT Educare Pvt Ltd at Mumbai. The company started their business operations in March 2007, by providing coaching services to IXth and Xth standard students preparing for the examinations conducted under the CBSE curriculum and conducting training classes in spoken English for persons working with various companies. In the year 2008, the company opened centres in Gujarat and Tamil Nadu. Also, they acquired Scholar's Learning Centre during the year. In the year 2009, Mahesh Tutorials Pvt Ltd, Mahesh Tutorials Commerce Pvt Ltd and Mahesh Tutorials Science Pvt Ltd were amalgamated with the company. Also, the company launched Technology Aided Teaching methodology. In the year 2011, the company acquired Chitale's Personalised Learning Pvt Ltd. Also, they acquired equity shares of MTESPL making MTESPL a wholly owned Subsidiary. In May 18, 2011, the company was converted into a public limited company and the name was changed to MT Educare Ltd. The company plans to construct pre-university college campus (PUC Campus) in Mangalore, Karnataka. Also, they plan to establish new coaching centres at 20 locations.