MT Educare Share Price

MT Educare Limited was formerly incorporated on August 19, 2006 as a Private limited company with the name MT Educare Pvt Ltd at Mumbai. On May 18, 2011, the Company was converted into a Public Limited Company and the name was changed to MT Educare Limited.The Company 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 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 Scholars 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 Chitales Personalised Learning Pvt Ltd. Also, they acquired equity shares of MTESPL making MTESPL a wholly owned Subsidiary.In March 2012, the Company came out with its Initial Public Offer (IPO) by issuing of 1,23,75,000 equity shares and raised funds aggregating to Rs 99 Crore.The uncertainty over the proposed entrance exam structure post SSC results in 2012 hit admissions at the companys Science division, with student serviced count falling by 7% from 14,524 in FY201112 to 13,511 in FY201213. However, the revenues grew by 23%, propelled by higher realisation on account of substantial fee hikes for the XIXII Combo course.During the year ended 31 March 2014, the company entered into distribution and marketing agreement with Chetana Publications Private Limited (Chetana), a leading name in publishing and distribution of educational content. The arrangement involves distribution and marketing by Chetana of all cobranded study materials under the name Master Key jointly developed by both parties. In addition, Chetana, through its strong marketing distribution network across Maharashtra, shall introduce and sell pioneering products developed by MT Educare, viz Robomate an innovative solution that makes revision study material easily available to school students through recorded lectures based on apps that can run on home computers/laptops and also be downloaded on smartphones and tablets.During the year, the company expanded its presence across the school segment by adding an Interactive Networked Knowledge (INK) platform targeting students in classes Vth to VIIIth. The Company targets students from CBSE, ICSE and state boards for this segment, in line with its brick and mortar school model. During the fiscal, the company expanded the geographical reach of the school division in other cities in Maharashtra such as Pune and Kolhapur.Pursuant to the Share Purchase Agreement signed with the existing shareholders of Lakshya Forum for Competitions Pvt. Ltd (LFCPL), MT Educare acquired 51% stake in LFCPL effective 1 April 2013. This gave the company a foothold in the NorthIndian IIT and medical entrance exam test preparation market along with the required expertise and course content to launch JEE Advanced coaching in West and South India. The company started batches for JEE Advanced in Mumbai and Pune under the brand lakshya, for the first time in its history under the subsidiary, Lakshya Educare Pvt. Ltd, which represents a significant step forward since the company is now able to provide coaching for all entrance exams in respect of engineering and medical streams.The company operationalized 5 additional PreUniversity (PU) College tieups in the state of Karnataka at Belgaum, Bengaluru, Davangere, Gulbarga and Mysore, taking the total operational PU college tieups to 9 by the end of FY1314.During the year ended 31 March 2015, the company focused on developing the CBSE ICSE business verticals as a pillar of strength to enable rapid scalability of operations in the school segment across various states in India. During the year, the company completed the construction of state of the art PU (PreUniversity) Campus at Mangalore. Phase II of Hostel facility with a capacity of over 500 students became operational from June 2014. Later in the year, the campus was sold and leased back. The sale consideration was Rs 5500 lakhs. The lease back deal entails continuation of MT Educares operating and management rights in premises for a period of 15 years. During the year, company entered into an arrangement with Sri Gayatri Educational Society (Sri Gayatri). Sri Gayatri is one of the leading educational institutions for the intermediate section (XIXII) in the states of Telangana and Andhra Pradesh.Robomate was distributed to and used by students during the year across all verticals. During the year, content digitization for ICSE / CBSE, Std. XI, XII and JEE Advanced Robomate was completed.The company during the year executed a project under the MANAS (Maulana Azad National Academy for Skills) which is governed under NMDFC and trained 1550 students successfully.During the year ended 31 March 2016, MT Educare focused on developing the CBSE ICSE business verticals as a pillar to enable rapid scalability of operations in the school segment across all states in India. It also augmented tie up with local coaching classes in tierIII and tierIV towns in Rest of Maharashtra and Gujarat through sale of Robomate to their students providing TAT and teacher training. 20 such tie ups concluded and revenue started in FY16.In December 2015, the company launched Robomate+, by expert faculties available online.Zee Learn Limited acquired a controlling stake of 44.53% in the Company by investing Rs 200 Crores in the Company and it became the largest shareholder of the Company in 201718.The Company launched the concept of Lakshya Prep for the pupils of Class IX to Class XII in 201819. The Company further acquired 1,08,000 Equity shares of Labh Ventures India Private Limited (LVIPL) through Share Purchase Agreement and became the wholly owned subsidiary of the Company effective from September 1, 2018.In 202223, the Company focused on reopening the centres and transitioned the business from online to offline classes. In 202425, Company has launched digital learning platform, Robomate+, which set new benchmarks in content delivery, learner engagement and accessibility. The Digital Content Development has emerged as a new business during the year 2025. The Company undertook content development projects both for internal group requirements and external clients, marking the entry into a scalable and highpotential segment.