DMC Education Ltd has acquired Kolkata-based education consulting firm Plansteps. The investment was for a consideration of $10 million, approximately Rs.4.5 Crore.
DMC Education Ltd aims to take career counseling across India with the acquisition of Plansteps, which brings an established network in the North-East India along with Nepal and Bhutan. DMC is planning to open more than 100 centres in next 3-5 years which would offer career guidance to the applicants.
Plansteps was established in 1997 by Soumen Acharya. In 2004, it developed an institution ‘CMT’, to promote short term management courses in association with IISWBM Kolkata. DMC Education (formerly known as DMC International) initially started as a real estate firm. It then shifted towards the education space.
According to Deal Curry, last year, DMC acquired Mumbai-based software developing company, Vsoft Services Pvt Ltd. Vsoft Services, established in 1996, is into development of Indian bilingual software.
The company has been aggressively expanding in the education sector. It acquired premier test preparatory institute Trump & Gates from T&G Edutech for Rs5.65cr in October 2009. In 2007, DMC had bought 10% stake in Jaaydaad.com from Global Infocom Ltd at Rs 110 per share, said Deal Curry.
Earlier this week CORE Projects and Technologies Ltd, an education solutions provider, acquired ITN Mark Education, a UK-based provider of teachers and teaching assistants, for $25 million (Rs.113 Cr). In Jan, UK-based Pearson Plc increased its stake in online tutoring firm TutorVista to 76%, Deal Curry reported.
DMC Education Limited is a BSE listed, Education Company, providing training for various entrance examinations. The company plans to establish a presence across India in the supplemental education market.
DMC aims to grow dramatically through all its brands by aggregating expertise in various domains and offer it to students across India, through multiple channels. It plans to partner with schools and colleges to offer courses directly to the premises with the help of technology. DMC intends to offer technology enabled learning centres, to offer high quality courses to students in every corner of India.
PLANSTEPS is a consulting firm in the field of education, stock market, financial services, agribusiness, real estates, IT SOLUTIONS and other business analysis. PLANSTEPS aims become a core competence company in the field of consultancy and developing international business horizons.
PLANSTEPS has strong business associations with different kinds of organizations throughout the India.
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