You are here » Home » Companies » Company Overview » Virtual Global Education Ltd

Virtual Global Education Ltd.

BSE: 534741 Sector: IT
NSE: N.A. ISIN Code: INE247C01023
BSE 14:31 | 16 Jul 0.66 -0.01
(-1.49%)
OPEN

0.69

HIGH

0.69

LOW

0.66

NSE 05:30 | 01 Jan Virtual Global Education Ltd
OPEN 0.69
PREVIOUS CLOSE 0.67
VOLUME 177192
52-Week high 2.94
52-Week low 0.63
P/E 11.00
Mkt Cap.(Rs cr) 28
Buy Price 0.66
Buy Qty 107994.00
Sell Price 0.67
Sell Qty 43350.00
OPEN 0.69
CLOSE 0.67
VOLUME 177192
52-Week high 2.94
52-Week low 0.63
P/E 11.00
Mkt Cap.(Rs cr) 28
Buy Price 0.66
Buy Qty 107994.00
Sell Price 0.67
Sell Qty 43350.00

Virtual Global Education Ltd. (VIRTUALGLOBAL) - Chairman Speech

Company chairman speech

Dear Shareholders

It is our pleasure to address 24th Annual General Meeting of Virtual GlobalEducation Limited. We at "Virtual" aim to improve the quality of human capitalin the country through skill and educational interventions. We have moved from strength tostrength in our path and look forward to continue on our mission. The focus has been indelivering skill and educational interventions to the sections of societies and parts ofthe country where they are most needed and where the youth have limited exposure and lackaccess to opportunities to achieve their career or livelihood goals.

It gives me immense pleasure to share with you that budget this year has shownfavourable symptoms for education sector. For the year 2017-2018 the Government of Indiais taking major initiative in union budget for education sector. The Government hasallocated Rs 2200 crore for skill strengthening and a sum of Rs 1700 crore for settingup 1500 multi-skill training institutes in the country and scaling up Pradhan MantriKaushal Vikas Yojna.

Your Board has decided to train in sectors like Telecom Retail Agriculture SolarEnergy Banking & Finance Health Care Hospitality & Tourism and Entrepreneurshipetc.Our unique experience with Industry in these domains is more than a decade with afocus of producing skilled resources for both employment and entrepreneurship globally.

To train the unemployed youth at village level for acquiring skills earninglivelihood growth in life with the involvement of local people we have launched theVirtual Rozgar Programme at Jaipur (Rajasthan) and subsequently Virtual Rozgar App alsofor online student registration & engagement.

The Education plays a significant role in building a nation and creating hugeopportunities for earning the Livelihood. The growth in Indian economy and rising incomelevels are factors boosting the investment in education and standard of living.

Financial year 2016-2017 has been a challenging year for your company as it has tocome-up with the right set of sectors to linkage with the Industry to provide requiredtraining to people. Your Company has been successful in applying many skill developmentprojects of State Governments and to start with we have a network of more than 100skillcenters in various districts of India.

With increased competition for jobs and the trend now being on continuous learningadapting new skills and certifications more and more people are enhancing theireducational and vocational qualifications online. Currently industries across verticalsare adapting to e-learning in a big way and the market is expected to grow. The advent ofsatellite technology and internet has changed the way people live. Open and Distanceeducation is fast growing to become the dominant form of education for many reasons suchas its efficiency reach and results compared to traditional methods. Cost of educationhas been an issue throughout history and a major political issue in most countries today.Open and Distance education is significantly cheaper than traditional campus basedlearning and available anytime anywhere or anyway on 24*7 basis.

We have entered into a Memorandum of Understanding (MOU) with various State Governmentbodies for providing skill development and capacity building programs for the unemployedyouths in every districts of the State. For the Development and contribution towardsmultifarious social work especially for Women Empowerment and self-help group creationsthe Company has entered into MOU with various reputed social organizations in the statesof New Delhi Odisha Rajasthan and West Bengal for creation of skilled women workforce inthe country.

We see substantial opportunities in front of us as a Company as an employee and asan industry. There is a paradigm shift accruing in every arena of the world a digitaltransformation that is brings about an entirely new way for each of us in all walks oflife to work live and interact.

I am thankful for your continued support & trust placed in the Company. I lookforward for your support and encouragement for achieving newer heights in the comingyears. I extend thank to all our esteemed Partners Team Members Board Members BankersShareholders and Associates for their continued support and trust.

Yours Sincerely
(Dr. Piyush Gupta)
Chairman