PROJECT

Projects

Summary of Investment Information

Project Number

35817

Company Name

S CHAND AND COMPANY LIMITED

Date SPI Disclosed

Feb 17, 2015

Country

India

Region

South Asia

Projected Board Date

Mar 20, 2015

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 26, 2015
Signed : Oct 7, 2015
Invested : Nov 2, 2015

Sector

Other Training

Project Description

S Chand and Company Private Limited (“S Chand” or the “Company”) is an Indian textbook publisher and provider of ancillary education services (such as digital materials).

In addition to continuing to expand its traditional textbook publishing business, S Chand plans to grow in the digital education segment. Also, the Company is actively exploring opportunities in other education sub-segments such as test prep (both online as well as coaching classes), pre-schools, and learning centers.

The proposed IFC investment consists of up to INR1,100 million in equity for a minority stake in S Chand in order to finance the expansion of the Company’s education publishing and services network in India as described above.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation