Indalytics - Business In Education - March 2012

Business in Education March 2012

© Indalytics Advisors l www.indalytics.com l [email protected] 1

© 2012, Indalytics Advisors Private Limited | Indalytics.com | [email protected]

INDALYTICS

ADVISORS BUSINESS IN EDUCATION

March 2012

www.indalytics.com



About Business in Education

Business in Education is a monthly report, which is focused on the supply side of education sector in India. The

report is aimed at helping education services providers with the latest activities in the sector.

The report covers the trends, as well as the opportunities in the Indian education sector, which were highlighted in

media. It is designed for the individuals and organizations, which are in the education business, or are planning to

enter it. It is also helpful for various products and services providers to the sector.

In order to get free subscription to Business in Education, please mail us at [email protected]

You can also get the latest news about the Indian education sector by visiting www.indalytics.com

Keep yourself updated with the latest activities in Indian

Education Sector

We cover latest trends, opportunities, regulations and best

practices in Indian Education sector — to help you gain

competitive edge

Visit Indalytics.com – for Market Intelligence in

Indian Education



Table of Contents

Activities of Major Players ..................................................................................................................................... 4

New educational programs being introduced .................................................................................................... 4

Education companies going for overseas expansion .......................................................................................... 5

New companies and products introduced in education sector .......................................................................... 5

Higher education institute going for collaboration ............................................................................................ 6

Opportunities in the sector .................................................................................................................................... 7

PPP opportunities coming up in higher education ............................................................................................. 7

Higher education opportunities through meta–university ................................................................................. 7

Vocational education space also witnessing PPP opportunities ......................................................................... 7

Gujarat government focusing on education ....................................................................................................... 8

Other Prominent Trends in the Sector ................................................................................................................... 9

Organizations witnessing high competition ....................................................................................................... 9

Single engineering entrance test coming up ...................................................................................................... 9

Companies’ Score Card ........................................................................................................................................ 10

List of Institutions and Organizations ................................................................................................................... 12



Activities of Major Players

New educational programs being

introduced

Indian education sector is witnessing many new

educational programs by both Indian as well as

foreign institutions and corporations.

Manipal Global Education Services has tied up with

Axis Bank to launch 'Young Bankers' program. The

yearlong program, which is aimed at providing

career & growth opportunities in tier—II & tier—III

cities, will train students in banking skills. For the

first nine months of the training, the students will be

given a stipend of INR3,000, followed by INR12,000

per month for the remaining three month. Once

they attain the Post Graduate Diploma in Banking

Services, they will be recruited at a minimum salary

of INR350,000 as Assistant Manager with Axis bank.

University of South California’s USC Rossier School

of Education, is introducing doctorate program in

education (Ed.D.). The new program — which is in

lines of MBA programs — is aimed at educational

professionals, who want to become high–level

practitioners in the sector. The program, according

to USC, will be different from a traditional Ph.D.

course, which is generally taken by students,

planning to take teaching as a profession.

This program will be targeted toward other

professionals, who want to become high–level

practitioners. Approximately 25 candidates will be

selected from across the world for the program, of

which 3–4 will be from India. USC is planning to

setup its office in Mumbai.

Stock market regulator, Securities and exchange

board of India (SEBI), which is planning to launch its

investor education and awareness campaign, has

asked for an expression of interest from private

creative agencies. SEBI is currently working on a

campaign to educate retail investors regarding

securities market and products.

The board will be publishing content such as TV and

radio commercials, short films, and print and digital

advertisements to help investors invest wisely, and

has asked creative agencies with a minimum annual

revenue of INR100 crore to bid for the opportunity.

Agencies, selected by SEBI, will be expected to

create approximately five short films of 25-30

minute duration, 10 TV commercials of 30 seconds

each, 10 radio spots of 30 seconds each, and 10 print

advertisements.

Global chip manufacturing company, Intel

Corporation is starting a program in India to

promote inquiry-based learning among students.

The program will include curricula prepared by

science teachers, which will help to promote

research and development among the students. The

program will have seven modules, which will help

inculcate inquiry-based learning in students.

Intel is planning to take the program to

approximately 50,000 students across the country,

with the help of various social organizations,

colleges, competitions and online educational

resources. Intel is active in Indian education sector

since 1999, through various collaborations with the

government.



The state government of Assam is also working on

introducing two new vocational subjects in higher

education. In order to make the state’s education

curriculum compatible with the current job scenario,

the government is planning to restructure it by

bringing in vocational courses, which are demanded

by the industry. The government will introduce the

courses in approximately 119 government and

provincial colleges of the state. It’s further expected

to recruit approximately 1,200 new teachers to

teach these subjects.

Education companies going for

overseas expansion

IT training major, NIIT Limited, will be expanding its

IT education business in Bhutan. Under the

Bhutanese government’s IT literacy program, the

company has launched touchscreen ‘Playground

Kiosks’ in the country. These touchscreen kiosks are

equipped with a satellite dish, and a solar panel. The

kiosks will help Bhutanese students to surf and learn

the internet.

The initiative is under the Bhutanese Government’s

vision to create an IT-enabled society, and help its

youth learn computers. NIIT is planning to set up

approximately 130 Playground kiosks across whole

of the Bhutan.

Core Education and Technologies Limited is doing

overseas expansions. The company is expanding in

to school management in UAE. It has tied up with

the government of Ras al-Khamiah emirate for

running an existing higher education institute. Core

will take over the operations of the institute from

April 2012.

Core has invested approximately US$2 million

(INR9.9 crore) in the tie–up. Under the revenue

sharing model, the higher education institute is

expected to have cash inflows of approximately

AED9 million (INR12 crore) per year. Out of this, Core

will pay AED2 million (INR2.7 crore) to the local

education authority, and 15% of tuition fee to Birla

Institute of Technology, Mesra which is the

educational content provider of the institute.

Core has also entered into an agreement with the

Government of Ghana. Under the agreement, the

company will provide content for the K-12 segment,

worth US$13.5 million (INR66.6 crore), to the

government.

New companies and products

introduced in education sector

US based investment banking advisory firm, Signal

Hill Capital Group LLC has started its advisory

business in education sector. Signal Hill Capital

Advisory India Private Limited will work in advisory

services. The company will focus on sell-side M&A

services and private placement work. Besides

education sector, the company will also provide

advisory services in other sectors such as IT services,

BPO, mobile computing and mobile VAS, e–

commerce, IT security, and healthcare IT.

Delhi based tablet manufacturing company, Go–

Tech, and International SaaS company, AcrossWorld

Education, have launched an Android based tablet at

INR5,000. The tablet — called ATab — is a 7"

Android tablet, having 1.1 GHz processor and 512MB

RAM. The tablet will also have a bundled educational

technology platform by AcrossWorld Education —

EducationBridge — which will be available for three

years’ free and unlimited access to students.



Bharti Airtel Limited has introduced a new value

added service (VAS), ‘3 PackEducation Portal’. The

exam preparation service is aimed at helping

students to prepare for entrance exams such as

UPSC, MBA, GRE, etc. through their mobile phones.

Airtel will provide instructions, alerts, tips or general

information to subscribers of this service. They will

also get preparatory questions, and assessment and

performance reports for the tests. Besides study

material, the VAS will also help students in English

learning and campus search.

Higher education institute going for

collaboration

Assam’s newly formed private university, Kaziranga

University, has signed a memorandum of

understanding (MoU) with UK’s University of

Plymouth, to facilitate exchange of learning, faculty

and students between the two universities. As per

the MoU, Kaziranga University will seek Plumouth’s

knowledge and expertise in the field of robotics,

engineering, computing and environmental sciences.

The MoU will further help students from northeast

to take advantage of various programs that

Plymouth is running in the UK.

Kaziranga University, which has been planned over

an area of 50 acres in Jorhat district, is expected to

roll out its first batch in engineering and

management from July 2012. The university is

established under the Assam Private University Act

No. XII of 2007.



Opportunities in the sector

PPP opportunities coming up in higher

education

Government has proposed four new public private

partnership (PPP) models for higher education. The

models are aimed at fulfilling the investments of

approximately US$150 billion (INR750,000 crore),

which the higher education sector need over the

period of next 10 years. The models are:

Model 1: Basic Infrastructure Model — Private

investors will invest in infrastructure and the

government will operate and manage the

institutions. Government will make payments to

private investors for their investments.

Model 2: Outsourcing Model — Private investors

will invest in infrastructure, and will also operate and

manage the institution. Government will pay the

investors for the specified services.

Model 3: Equity / Hybrid Model — Investment in

infrastructure will be shared between government

and private investors. Operation and management

will be done by the private investors.

Model 4: Reverse Outsourcing — Government will

invest in infrastructure and the private investors will

look after operation and management of the

institutes, against fee.

Government is also planning to increase the Gross

Enrolment Ratio (GER) in higher education sector

from 12.4% at present to 30% by 2020. The

government therefore will be investing in

approximately 1,000 universities and 45,000 colleges

to get the desired GER. The four proposed models

will be submitted by University Grants Commission

the Planning Commission for the forthcoming XII 5—

year Plan.

Higher education opportunities through

meta–university

There will also be other innovative opportunities

coming up in higher education as the government is

planning to introduce a university of universities — a

meta–university. Government is creating a network

of universities, which will allow students in any

university, to select and study courses of any other

university across the country.

The government has linked approximately 31,000

colleges, 6,400 universities, and 2,000 polytechnics

across the country through Information and

communications technology (ICT), to create a

knowledge network. The knowledge will be imparted

through the government’s national knowledge

network program, which is aimed at connecting

major educational institutes across India through

fiber-based broadband connectivity. The met-

university is expected to start from the academic

year 2012–13.

Vocational education space also

witnessing PPP opportunities

There is a new opportunity for PPP coming up in

vocational education space. The government has

launched the ‘National Vocational Education

Qualification Framework (NVEQF)’, which will

provide vocational training to students.



NVEQF is primarily a seven-level certification

program, which will provide vocational training at

school level. Students can opt for the program from

class IX, and can pursue it further to attain a degree

at the end of the seventh year. The program will be

launched from the academic year 2012-13, and will

make 1,000 hours of vocational training compulsory

in each year.

The training will be imparted in sectors such as IT,

media, entertainment, telecommunications, mobile

communications, automobile, construction, retail,

food processing, tourism, hotel management,

jewellery design and fashion design. Government is

expecting approximately five million students to opt

for the program.

Any institution, which is planning to conduct these

courses will have to get requisite permission from

AICTE. The institute will be allowed to train

maximum of 5,000 students, in any of the five

sectors.

Gujarat government focusing on

education

State government of Gujarat has allocated INR2,770

crore for education in its 2012–2013 state budget.

The amount will be utilized to setting up

infrastructure for new institutes and hostels, and

providing training to teachers. Of the total budget,

the government has allocated approximately INR551

crore for primary education — which will cover

constructing 15,600 classrooms and 7688 compound

walls, repairing 1,200 school buildings, and recruiting

1,000 teachers. Further, approximately INR82 crore

will be spent on construction of 350 new secondary

schools, INR78 crore on promoting computes in

primary education, and INR32 crore on educational

materials. Gujarat counts classes till VIII in the upper

primary.

In higher education, government is also planning to

setup an autonomous university for infrastructure,

engineering and management at Ahmadabad at an

investment of INR67 crore. It will also be introducing

15 new colleges in the Arts, Commerce and Science

streams. Also, INR4.5 crore will be spent on

vocational training of unskilled workers.



Other Prominent Trends in the

Sector

Organizations witnessing high

competition

International curriculum boards such as

International Baccalaureate (IB), International

General Certificate of Secondary Education (IGCSE),

and Cambridge are expected to get a stiff

competition from the government, as it is

introducing the Central Board of Secondary

Education's international curriculum (CBSE-i) in

India. CBSE-i, which is being offered in 25 schools

globally, will be introduced in approximately 50

schools.

The net-based program, which was introduced in

2010, is provided through a portal to the teachers,

along with online help from an expert panel to

answer queries. As the affiliation cost of the program

is expected to be half of IB’s affiliation cost, many

more schools across the country are expected to go

with it. The course will also be cheaper for students,

as compared to IB, IGCSE and Cambridge, and will

also save their efforts of taking a bridge course

before applying to foreign undergraduate courses.

Microsoft Corporation is also facing the cost

controlling issue at Karnataka’s schools, as the

government has opted for the cost—effective open

source software suite, Open Office, in the state

schools. The decision is expected to save the

government approximately INR53.6 lacs, by changing

the Microsoft Office with Open Office.

The decision is taken across 419 schools, which are

with the government’s Sarva Shiksha Abhiyan. In

order to make their teachers familiar with the

software, the government will be taking the help of

the District Institutes of Education and Training

(DIETs) in training teachers. The government might

expand the decision to another 335 schools under

Sarva Shiksha Abhiyan, which are expected to get

five desktops and one UPS each this year.

Single engineering entrance test coming

up

Government is planning to introduce a single

entrance test for all the under graduate science and

engineering programs across the country. The

proposed test, Indian Science - Engineering Eligibility

Test (ISEET), is expected to be conducted in April /

May 2013 in two formats —ISEET main and ISEET

advance.

Government has introduced the proposition before

the Council of Boards of School Education in India

(COBSE), where 11 education boards have supported

it. It will further present it before the Central

Advisory Board of Education CABE committee and

state education ministers, to know their inputs on

the proposal.



Companies’ Score Card

Operating

Margin

Q3-2012

(%)

Net Margin

Q3-2012

(%)

Debt-

Equity

Ratio

Q3-2012

(%)

EPS

Q3-2012

(INR)

Price-

Equity

Ratio

February

29, 2012

Market

Price

change

February

2012 (%)

Computer

Software

Training Aptech Ltd. 15.4% 17.9% 0.0% 0.88 99.03 (5.6)%

Computer

Software

Training BITS Ltd. (56.7)% 14.2% 0.5% 0.00 N.A. (5.7)%

Computer

Software

Training NIIT Ltd. 1.3% 36.4% 60.0% 3.38 14.10 12.6%

ERP for

Educational

Institutions

Software

Technology

Group

International

Ltd. N.A. N.A. 112.7% N.A. N.A. 0.3%

ICT

Solutions

Birla Shloka

Edutech Ltd. 4.0% 1.9% 15.8% 0.56 17.57 9.7%

ICT

Solutions

Compucom

Software Ltd. 54.3% 11.8% 33.3% 0.26 48.85 0.2%

ICT

Solutions

CORE

Education

and

Technologies

Ltd. 39.8% 18.9% 82.9% 4.35 62.20 4.4%

ICT

Solutions

Edserv

Softsyst Ltd. 12.9% 4.2% 3.4% 0.41 88.17 (18.1)%

ICT

Solutions

Educomp

Solutions Ltd. 32.3% 15.4% 55.7% 4.27 49.65 (3.8)%



Operating

Margin

Q3-2012

(%)

Net Margin

Q3-2012

(%)

Debt-

Equity

Ratio

Q3-2012

(%)

EPS

Q3-2012

(INR)

Price-

Equity

Ratio

February

29, 2012

Market

Price

change

February

2012 (%)

ICT

Solutions

Everonn

Education

Ltd. 23.3% (7.4)% 47.0% (3.00) 0.00 1.9%

IT Education

Comp-U-

Learn Tech

India Ltd. 14.3% 2.7% 2.8% 0.05 334.00 (1.2)%

IT Education

Jetking

Infotrain Ltd. 17.0% 7.3% 12.9% 0.98 61.07 (1.2)%

School

Education

Tree House

Education &

Accessories

Ltd. 51.7% 27.0% 26.3% 1.82 113.79 (4.8)%

School

Education Zee Learn Ltd. (88.0)% (100.1)% 44.5% (0.48) 0.00 0.9%

Tuitions

Career Point

Infosystems

Ltd. 41.4% 40.8% 0.0% 6.32 35.90 (14.2)%



List of Institutions and Organizations

AcrossWorld Education

Aptech Ltd.

Axis Bank

Bharti Airtel Ltd.

Birla Institute of Technology, Mesra

Birla Shloka Edutech Ltd.

BITS Ltd.

Career Point Infosystems Ltd.

Compucom Software Ltd.

Comp-U-Learn Tech India Ltd.

CORE Education and Technologies Ltd.

EdServ Softsyst Ltd.

Educomp Solutions Ltd.

Everonn Education Ltd.

Go–Tech

Intel Corporation

Jetking Infotrain Ltd.

Kaziranga University

Manipal Global Education Services

Microsoft Corporation

NIIT Ltd.

Securities and exchange board of India

Signal Hill Capital Advisory India Private Ltd.

Signal Hill Capital Group LLC

Software Technology Group International Ltd.

Tree House Education & Accessories Ltd.

University of Plymouth

University of South California

USC Rossier School of Education

Zee Learn Ltd.



Get connected to thousands of readers of Business in Education

Business in Education is a monthly report, targeted at the supply side of Indian education sector. The magazine is

demanded by the key decision makers of educational institutions and service providers. Our readership spans

across directors and trustees of educational institutions, to CEO/directors of companies that provide services to

educational institutions. Report’s readership - though primarily concentrated in India – is scattered across

countries such as the US, the UK, Russia, UAE, Australia etc.

We would like to invite organizations that want to promote their brands and services, to join us. This report is an

ideal platform for them to reach to all the key decision makers, on the supply side of Indian education sector.

For alliance opportunities, please write to us at [email protected]

Partial list of organizations, where this report is being read:

A K Vidyamandir Group of Institutions

Aaron Institute

Aditya Birla Public School, Renukoot

AEC Business School

Afairs Exhibitions and Media Pvt. Ltd.

Alethia Education

Amity University Rajasthan

Anovus Institute of Clinical Research

Apeejay Stya University

ApplyEzee Education Private Ltd.

Aravali Institute of Management at Jodhpur

Art of Learning

Asia Direct

Asia Pacific Institute of Management Delhi

Aspire Human Capital Management Pvt. Ltd.

Auuro Educational Services

AZURE IT Solutions

Bharat Forge Ltd. - Kalyani Group

Billabong High International Schools

Birla Edutech Ltd.

BrainTree Global School

Brainy Kidzs

Brightstar Learning Ltd.

British Council

Cambridge Public School

Campus World Inc

Career Cubicle Pvt. LTD.

Career Launcher



Career Point Infosystems Ltd.

Castle Rock Research Corp.

Centum Learning Ltd

Charisma International Education Centre, Nigeria

CL Educate (Career Launcher)

Classteacher Solutions

Connect2Gurukul

Credila (HDFC LTD)

DALIA Institute of Management

DARE, a monthly magazine on Entrepreneurship.

Delhi Public School

Department of Education

Deutsche Bank Group

Donbosco Tech, India

E learning

E Z Vidya

Easy Learning India

Ecole Solutions Pvt Ltd

EdSaas Hyderabad

Edsine

Education World Magazine

Educational Initiatives

EducationWorld

Educomp Raffles Higher Education Ltd

Educomp Solutions Ltd

EduNirvana Pvt Ltd

Edunova Educational Research And Training Pvt Ltd

edupaedia.in

Edupower.in

Eduvision India Services

Eduwaves

Edvance Learning

Edvance Learning Pvt Ltd

E-KIDS Solution Private Ltd.

Elsevier India

Elyon Education

Emerge Learning Services Ltd.

Ernst & Young

EuroKids International Ltd

Everonn Education Ltd.

Evolve XL Pvt Ltd

Examville.com, LLC

Exioms

Explorers School

EZVidya Pvt. Ltd.

Feydhoo School, Maldives

FIITJEE Ltd.

FinPac Financial

Focus Educare Pvt. Ltd.

Future Focus Infotech

Future VISTA View Edu Tech Pvt. Ltd.

Gabss EduSkill Ltd.



GD Goenka World Institute (Lancaster University)

GEMS Education

Gladioli Education

Global Education Management Corp.

Global indian school

Global Learning

Global Workforce Development & Consulting

Organisation

Globalshiksha.com

Gokuldham high school and junior college

Grassroot Infosolutions Pvt Ltd.

Harbinger Knowledge Products

HCL Technologies Ltd.

higherstudy.com

HOC Educational Services Pvt Ltd

HTC School

i Big Wonder

IAMR Group of Institution

IANS Education Services

IBMR Business School

ICFAI

ICS GROUP

iDiscoveri Education Pvt. Ltd.

IDP Education Pty Ltd.

iE&D Solutions BV

iEdvantage

iGATE Patni

Ignite Young Minds

IIT Kharagpur

IL&FS Education and Technology Services Ltd.

iLearn-International

India Entry 360.Com

India Venture Partners

IndiaCan Education Pvt. Ltd ( A Pearson Educomp

Company)

IndiaCo Ventures Ltd.

Indian School of Business & Finance

Indic Institute of Design and Research

Indigram Skill and Knowledge Initiatives Pvt. Ltd

Indus Learning Solutions Pvt Ltd

Informatica

Innovative School of Business & Management Pvt.

Ltd.

Intarvo Technologies Ltd.

Integrated EduTeam

iProf India

Jagran Social Welfare Society

Jain Group of Institutions

Jain Heritage, a Cambridge School

Jetking Infotrain Ltd

Kakubhai Parikh Group of Schools

Kaligi Ranganathan Montford Group of Schools

Kangaroo Kids Preschools

Kennedy School



KPMG

KQM Consultants

Laetus Education Private Ltd.

Latitude Edutech Consulting Pvt. Ltd.

Leading Education Management Enterprise

LeapEd Knowledge Solutions Pvt. Ltd.

Liberty Anything Skool

LIGHT EASY MIND Training & Coaching

Literati Training Private Ltd.

Lord Krishna Group of Institutions

Lotus Learning Pvt Ltd

Macmillan Publishers India Ltd.

Mahadev Educational Initiative

Mahatma Gandhi International Schools

Mail Today

Manya Education (P) Ltd.

Mastermind Classes

MBAGuru - Roots Education Pvt. Ltd.

Mehan Edusolutions Pvt. Ltd

Mexus Education Pvt Ltd

Mind Shaper Technologies Pvt Ltd.

MM ACADEMY

Modern Public School

Modi Public School

MRV International school

MyTrustedTutor.com

N & Z Edu Solutions Pvt Ltd

narayana educational institutions

Nascent Edutech Pvt. Ltd.

National Geographic Explorer

Navitas

Next Education India Pvt. Ltd.

NHELITE Education Services Ltd.

NIILM School of Business

NIIT Ltd.

NIMS

Norwest Venture Partners

Okapi Consultancy Ltd

Panacea People Group

Panjab University, Educational Institution,

Chandigarh

Peapod Preschool

Pearson Education India

Pearson Education Services Pvt. Ltd. (Edurite

Technologies)

Pearson Learning Solutions & Edexcel Ltd.U.K.

Pedagogues Education India Pvt. Ltd.

Power Coaching

Pratham Edusys Pvt Ltd

PricewaterhouseCoopers Pvt Ltd

Prism Infosolution

Promethean

PT Education



PT universe

Q Point

Quest Tutorials

R.D. Computers & Technologies

Radcliffe School

Radiant Educational Investment LLC

Rai Foundation

Reliable Institute of Law

Reliable Institute of Management & Technology

RESONANCE Eduventures Pvt Ltd

Right Track Admizzionz Campuz

RIS Tech Pvt. Ltd.

Roots Education

Rumi Education Private Ltd.

Sai Educations

Saint-Gobain Gyproc India Ltd.

Samskar Academy of Kids Education Pvt. Ltd

SANAKO Corporation

Sancta Maria International School, Hyderabad

Sattava Edusys Pvt. Ltd.

School Serv

Schooladmissions.in

se.eds - Swedish Education Services

Shanti Business School

shiksha.com(Education Portal) at Info Edge India Ltd

Shivaani Educational Services Private Ltd.

Shri Shankaracharya Group of Institutions

Shrishti Institutional Support for Economic

Development

Smart Careers(Career Launcher)

Space Technology & Education Pvt. Ltd

Sraw Educational Initiatives

St. Francis ICSE School

St. Soldier Management and Technical Institute

Strategum Eduserve Pvt. Ltd.

T.I.M.E. Pvt. Ltd.

Tata Teleservices Ltd.

Teachwell P S Institute Pvt. Ltd.

Techno Alliance

Technopak Advisors

TECNIA GROUP OF INSTITUTIONS

Tekbos Business Solutions India Private Ltd.

The Achievers Programme

The Economic Times

The Parthenon Group

The Princeton Review

The Shri Ram Competitive Classes

The Times of India

The Wall Street Journal

Theschoolworld.com

Third Academy School

TQMS Global

Universal Education Consultants



University of Mumbai

University of Warwick

University of Westminster

Upacaar

Usha Martin Education & Solutions Ltd.

VectorSpan Inc.

Vibgyor High School

Vidya Prakashan Mandir Ltd

Vidyalankar Group of Educational Institutes

Vyasa Learning Solutions (P) Ltd

Youreka - idiscoveri

Zee Learn Ltd.

Zentrum



Disclaimer

The information contained in this report is of a general nature and is not intended to address any particular

individual or entity’s circumstances. Although proper care has been taken to provide accurate and timely

information, there can be no guarantee that such information is accurate as of the date it is received or that it will

continue to be accurate in the future. The list of companies under ‘Partial list of organizations, where this report is

being read’ is the list of companies, where at least one employee has either subscribed to the report, or is

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Advisors do not guarantee the company name provided by the readers to be accurate. It is understood that by

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Publication Volume: 12-003

Publication Date – March 2012

© 2012 Indalytics Advisors Private Limited

For further information, please contact [email protected]

Indalytics - Business In Education - March 2012

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Transcript of Indalytics - Business In Education - March 2012