Jointeca Education Solutions Share Price

Jointeca Education Solutions Limited was originally incorporated as Jointeca Software Solutions Private Limited dated May 24, 2011 with the Registrar of Companies, Kanpur, Uttar Pradesh. The name of the Company was changed to Jointeca Education Solutions Private Limited dated August 1, 2011. Subsequently, the Company was converted into a Public Limited Company and the name was changed to Jointeca Education Solutions Limited vide fresh Certificate of Incorporation obtained from the ROC on December 13, 2011. The Company changed its object clause on December 14, 2012. One of the Promoters, Mr. Vishal Mishra was running the business as a SoleProprietorship concern in the name of Jointeca Technologie. The sole proprietorship concern was engaged in the business of development of and providing services in the field of education software and other IT enabled solutions. The said Concern was acquired by the Company pursuant to a Slump Sale Agreement dated November 10, 2011. On 21 August 2012, the Company came up with a public issue of 35,68,700 equity shares of Rs 10 each by raising funds of Rs 5.35 crores. The Company offer Educational ERP solutions through its product GuruSeva and the business is concentrated mainly in the Northern Region of India. The product GuruSeva (Educational ERP Solution) is offered both as a Desktop Application and as a service through the Software as a Service model (SaaS). This product is sold on the Channel Partner Network Model and currently has more than 29 dealers to its network. Once the need is identified, the assessment of customization (if any) is done. The employees and channel partners perform on site delivery. Apart from these, the Company service all kinds of educational institutions including schools, colleges, universities, institutes, etc. It also offer online education through the website portal www.shiklo.in by which it encourage the students, parents, teachers to register with them. The portal provides the necessary guidance to students who can choose from a variety of career options.The Company has entered into a Memorandum of Understanding with TransNational Computer LLC, Dubai for providing complete education management solutions.