Tree House Education & Accessories Share Price

Tree House Education Accessories Limited was originally incorporated as a private Company on July 10, 2006 under the name of Tree House Education Accessories Private Limited. Thereafter, Company became a Public Limited Company and a fresh Certificate of Incorporation was granted to the Company on December 22, 2010 by the Registrar of Companies, Mumbai.The Company is in the field of Early Childhood Care and Education (ECCE) as major business model. It is focusing on holistic development, incorporating playbased learning, social and emotional development and early literacy and numeracy skills In its preschools business, the company had gone through a change in its overall business model from self operated centres to franchisee centres in FY 201617.Its preschools serve students, primarily in the age group of 1.5 to 6 years. Its preschools offer standardized services and teaching methodologies. It offers playgroup, nursery, junior kindergarten and senior kindergarten courses. The companys preschool network is largely concentrated in the states of Maharashtra, Gujarat, Karnataka, Rajasthan, West Bengal and Andhra Pradesh. The Company also provides a wide variety of educational services to K12 schools which include designing curriculum and providing teaching aids, supplying methods for imparting education, organizing extra curricular activities for students and teacher training.In 2007, the company acquired the proprietorship firm, Tree House through a slump sale dated April 1, 2007. Also, it launched first franchisee preschool as a part of their expansion plans.In 2008, the company launched teacher training program. They started providing educational services and infrastructure facilities to K12 schools. Also, they started day care centers under the name Muskaan. As of June 15, 2011, the company has 223 preschools under the brand name Tree House, in which 149 schools are operated by the company, or selfoperated, and the rest are operated through their franchisees. In recent years, the company has branched into providing educational services to K12 schools. The company intends to provide educational services to additional seven K12 schools, based in Jaipur, Jhunjhunu, Vadodara, Pune and such other cities that will be identified by the K12 school operators, by Fiscal 2013. For such purpose, they have entered into supplemental agreements with certain K12 school operators to provide educational services to four K12 schools. During the financial year ended 31 March 2015, the company opened 119 self operated preschool and 3 franchisees of preschools. The new centres were opened at Agra, Ajmer, Allahabad, Baripada, Beawar, Bhillai, Bikaner, Burdhwan, Cuttack, Dewas, Ghaziabad, Gopalgunj, Gorakhpur, Gwalior, Hajipur, Hazaribagh, Jhansi, Kochi, Kota, Kozhikode, Pen, Ratlam, Trivandrum, Ujjain and Vishakhapatnam. During the year under review, the company expanded its Day Care services to 150 centres across the country.During the year under review, the company raised funds through issue and allotment of 4,545,454 Equity Shares at issue price of Rs 440/ per equity share, aggregating to Rs 1,999,999,760/ to Qualified Institutional Buyers through Qualified Institutions Placement. The object of the issue is for expansion of companies business activities.During the financial year ended 31 March 2016, the company opened 116 selfoperated preschool centres and 2 franchisees of preschools. Also as part of restructuring 85 nos. of selfoperated preschool centres were closed down, thus effectively only 536 preschool selfoperated centres were operational as on 31 March 2016.The company has gone through a change in its overall business model from self operated centres to franchisee centres in FY 201617. This entire shift in the dynamics of the business brought a complete change in the financial results leading to heavy one time write off of Assets in the balance sheet of the company since majority of the centres were converted to franchisee or discontinued operations. Out of the total 542 centers operated by the company till March 31,2016, the company has converted 140 centers into franchise centers and had closed 222 centers as on March 31,2017. In the academic year 202425, the Company had normal business in its segment and it is focused in preparing children for future academic success.