Summary of Investment Information
Project Number
32040
Company Name
EDUCOMP SOLUTIONS LIMITED
Date SPI Disclosed
Jul 9, 2012
Country
India
Region
South Asia
Projected Board Date
Aug 13, 2012
Environmental Category
B - Limited
Status
Active
Last Updated Date
Nov 30, 2016
Department
Regional Industry - MAS Asia & Pac
Industry
Health, Education and Life Sciences
Previous Events
Approved : Jun 18, 2012
Signed : Jun 19, 2012
Invested : Jul 23, 2012
Sector
Other Training
Project Description
The proposed project (the “Project”) involves an investment of up to US$55 million in Educomp Solutions Limited (“Educomp” or the “Company”). Educomp is one of the largest education companies in India, with over 17,000 employees reaching 29,000 schools and approximately 19 million learners around the world.
Educomp has four business segments: (i) “School Learning Solutions” which includes SmartClass, a comprehensive learning management system blending content and technology, and EduReach, a business that provides computer-aided learning systems and content to Government K-12 schools; (ii) “K-12 Schools” which includes pre-schools and brick and mortar K-12 schools; (iii) “Higher Learning Solutions” which focuses on vocational training through a JV with Pearson, university education through a JV with Raffles Education, and teacher training; and (iv) Online, Supplemental & Global, which includes various other initiatives including assessments and counseling, tutoring, and test preparation. The Company’s offerings span a range of pricing options that make them affordable to both middle and lower income learners.
The Project will help the Company refinance debt to improve the capital structure and allow more of its future cash flow to be used for capital expenditures to support Educomp’s growth and further domestic and international expansion.
Educomp has four business segments: (i) “School Learning Solutions” which includes SmartClass, a comprehensive learning management system blending content and technology, and EduReach, a business that provides computer-aided learning systems and content to Government K-12 schools; (ii) “K-12 Schools” which includes pre-schools and brick and mortar K-12 schools; (iii) “Higher Learning Solutions” which focuses on vocational training through a JV with Pearson, university education through a JV with Raffles Education, and teacher training; and (iv) Online, Supplemental & Global, which includes various other initiatives including assessments and counseling, tutoring, and test preparation. The Company’s offerings span a range of pricing options that make them affordable to both middle and lower income learners.
The Project will help the Company refinance debt to improve the capital structure and allow more of its future cash flow to be used for capital expenditures to support Educomp’s growth and further domestic and international expansion.
Sponsor / Cost / Location
Development Impact
E&S Category Rationale / Risks and Mitigation
Related Environmental Document
Contacts
For Inquiries About the Project, Contact
Mr. Sanjay Jain
Educomp Solutions Limited
514, Udyog Vihar, Phase – III, Gurgaon – 122001, Haryana, India
Ph.: 91-124-4529000
Educomp Solutions Limited
514, Udyog Vihar, Phase – III, Gurgaon – 122001, Haryana, India
Ph.: 91-124-4529000
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
Local Access of Project Documentation
Educomp Solutions Limited
514, Udyog Vihar, Phase – III, Gurgaon – 122001, Haryana, India
514, Udyog Vihar, Phase – III, Gurgaon – 122001, Haryana, India