P. Kishore, Managing Director, Everonn Education is a first-generation entrepreneur and pioneer in building a business model around computer education at schools, Kishore has promoted IT-enabled education since 1987 and founded Everonn in 2000. Kishore is a visionary by nature with a passion to excel, a zeal he imparts to every Everonn employee.
Everonn Education Limited,India’s largest listed education company, is credited with revolutionizing and transforming the educational landscape of the country. Everonn has an established name as a brand in the Education industry and also a track record of participating in innovative projects through its emphasis on contemporary learning processes and strong project execution. Everonn has been consistently providing quality and researched content. Pioneering deployment of technology for education, Everonn embarked on its mission with computer-aided learning 24 years ago and today it reaches out to students across the length and breadth of the country with diverse and multi-lingual culture. Everonn has its presence in over 27 states, works with several State Governments touching the lives of millions of students through thousands of Everonn learning centre. With its VSAT platform, Everonn addresses students even in the most remote corners which have been hitherto denied even basic education facilities. Under the leadership of its founder Director, who has taken up education as his mission, Everonn today imparts education from Pre-school to B-School and is setting a high benchmark in the sector.
Speaking with Nancy Jacob of IIFL, P. Kishore says, “We are poised to record a 50% growth in revenue and net profit in FY12. In formal education, we plan to launch 10 schools in FY12 and 50 schools in FY13.”
What is your view on the emerging learning landscape in India?
With the Right to Education Act in place, the learning landscape in India is bound to improve, as the Act ensures elementary education to every child between the age of 6 to 14 years. India is one of the largest markets for School Education in the World. India has over 1 million schools providing education from K-12 (kindergarten – Class 12) to over 200 million students. There are over 5 million teachers across India who need support in training in IT and delivery of Education. The Government has been making efforts to bridge the gap and promote literacy among students. The Government has made initiatives to spread literacy at all levels, thus the learning landscape in India has taken a new turn.
Brief us about the services offered by Everron?
We are a fully integrated Knowledge Management, Education and Training Company offering a range of services that include Creating Educational and Training Content that is globally relevant, designing and executing large learning initiatives and setting up the needed infrastructure for learning and training.
We are one of the leading players in setting up Virtual and Interactive Learning classroom networks across India to deliver quality and affordable education. We develop and integrate content for Indian and global audience in schools, colleges, corporates and retail space. We are one of pioneers of computer education in schools and colleges. We have partnered with various State Governments to bridge the digital divide. We have also set up computer Lab infrastructure in many schools and Colleges and IT Education is imparted through our well trained Everonn faculty. Our latest ventures include setting up of our own brands of high quality educational institutions from Pre-Schools to B-Schools across the Nation.
What are the synergies between Everonn and NSDC? We have recently been chosen by the Union government’s National Skill Development Corporation (NSDC) to partner in its humongous mission to skill our Nation. This is the first Public Private Partnership (PPP) initiative, with the mandate to skill 150mn people by 2022 in 21 focus sectors. This initiative is a part of the government’s overall target to train 500mn people by 2022 to meet the global skills shortage.
What are the challenges in skill development?
The biggest challenge in our country is skill development itself. Only 12% of Indians go to college. It is here Everonn comes into the picture and provides the right kind of skills and training to the remaining 88%.
We provide various vocational courses. To illustrate, if one chooses to go for the sector of retail then the institution trains them from a shop floor assistant up to merchandising manager; this will open up many options for employment in his career.
Our focus is to deliver content to the schools, colleges and vocational courses of India making them eligible for a better employment.
How many training centres do you plan to set up?
We plan to set up 271 training centers across the country. Currently, Everonn Skill has 15 centers operational and is looking to expand capacity to 71 centers in the next three months.
Further, to ensure quality teachers for the courses, we are looking to set up Master Resource Centers (MRCs) in each state to train teachers. The course fee for the technical courses will range from Rs. 9,000 to Rs24,000.
Brief us on your content library?
We are a peripheral content provider for the students and our job is to deliver quality content in various subjects, for instance we deliver content for CBSE. For colleges Everonn Education provides content from English to software testing.
Our content mainly focuses on the subjects like Pedagogy, Deliverable and various other subjects that will help the students to learn the different parameters throughout their academic learning. The company is focused in nine sectors which include textiles, garments, retail, construction, automobile, agriculture, hospitality, healthcare, IT and ITES.
Brief us on your recent foray into the school uniform market?
The key differentiator for Everonn in this segment as compared to the unorganized sector would be good quality and right price. It is a young business as of now and we are currently in the process of learning. Our objective is to live up this business.
What is your capex plan for FY12?
The capex for FY12 would be ~Rs1.5bn excluding formal education and ESDL. In FY12 we will invest for expanding our sales force and branding.
We are poised to record a 50% growth in revenue and net profit in FY12. The operating margin in VITELS segment will also remain at 50%. In formal education, we plan to launch 10 schools in FY12 and 50 schools in FY13. We expect our topline to grow at about 50% this year.
What is your vision for Everonn? Our vision is to be a leading global player in taking education to the next dimension through an innovative blend of institutional and resources for creating empowered future citizens.
Today, every young Indian is positioned to take off to the global platform and it is our responsibility to make them job-ready. We at Everonn Education Limited ensure that we bring in world class content with world class practices, which enables them to be a world class product and stand a class apart.
Everonn Education Limited,India’s largest listed education company, is credited with revolutionizing and transforming the educational landscape of the country. Everonn has an established name as a brand in the Education industry and also a track record of participating in innovative projects through its emphasis on contemporary learning processes and strong project execution. Everonn has been consistently providing quality and researched content. Pioneering deployment of technology for education, Everonn embarked on its mission with computer-aided learning 24 years ago and today it reaches out to students across the length and breadth of the country with diverse and multi-lingual culture. Everonn has its presence in over 27 states, works with several State Governments touching the lives of millions of students through thousands of Everonn learning centre. With its VSAT platform, Everonn addresses students even in the most remote corners which have been hitherto denied even basic education facilities. Under the leadership of its founder Director, who has taken up education as his mission, Everonn today imparts education from Pre-school to B-School and is setting a high benchmark in the sector.Speaking with Nancy Jacob of IIFL, P. Kishore says, “We are poised to record a 50% growth in revenue and net profit in FY12. In formal education, we plan to launch 10 schools in FY12 and 50 schools in FY13.”
What is your view on the emerging learning landscape in India?
With the Right to Education Act in place, the learning landscape in India is bound to improve, as the Act ensures elementary education to every child between the age of 6 to 14 years. India is one of the largest markets for School Education in the World. India has over 1 million schools providing education from K-12 (kindergarten – Class 12) to over 200 million students. There are over 5 million teachers across India who need support in training in IT and delivery of Education. The Government has been making efforts to bridge the gap and promote literacy among students. The Government has made initiatives to spread literacy at all levels, thus the learning landscape in India has taken a new turn.
Brief us about the services offered by Everron?
We are a fully integrated Knowledge Management, Education and Training Company offering a range of services that include Creating Educational and Training Content that is globally relevant, designing and executing large learning initiatives and setting up the needed infrastructure for learning and training.
We are one of the leading players in setting up Virtual and Interactive Learning classroom networks across India to deliver quality and affordable education. We develop and integrate content for Indian and global audience in schools, colleges, corporates and retail space. We are one of pioneers of computer education in schools and colleges. We have partnered with various State Governments to bridge the digital divide. We have also set up computer Lab infrastructure in many schools and Colleges and IT Education is imparted through our well trained Everonn faculty. Our latest ventures include setting up of our own brands of high quality educational institutions from Pre-Schools to B-Schools across the Nation.
What are the synergies between Everonn and NSDC? We have recently been chosen by the Union government’s National Skill Development Corporation (NSDC) to partner in its humongous mission to skill our Nation. This is the first Public Private Partnership (PPP) initiative, with the mandate to skill 150mn people by 2022 in 21 focus sectors. This initiative is a part of the government’s overall target to train 500mn people by 2022 to meet the global skills shortage.
What are the challenges in skill development?
The biggest challenge in our country is skill development itself. Only 12% of Indians go to college. It is here Everonn comes into the picture and provides the right kind of skills and training to the remaining 88%.
We provide various vocational courses. To illustrate, if one chooses to go for the sector of retail then the institution trains them from a shop floor assistant up to merchandising manager; this will open up many options for employment in his career.
Our focus is to deliver content to the schools, colleges and vocational courses of India making them eligible for a better employment.
How many training centres do you plan to set up?
We plan to set up 271 training centers across the country. Currently, Everonn Skill has 15 centers operational and is looking to expand capacity to 71 centers in the next three months.
Further, to ensure quality teachers for the courses, we are looking to set up Master Resource Centers (MRCs) in each state to train teachers. The course fee for the technical courses will range from Rs. 9,000 to Rs24,000.
Brief us on your content library?
We are a peripheral content provider for the students and our job is to deliver quality content in various subjects, for instance we deliver content for CBSE. For colleges Everonn Education provides content from English to software testing.
Our content mainly focuses on the subjects like Pedagogy, Deliverable and various other subjects that will help the students to learn the different parameters throughout their academic learning. The company is focused in nine sectors which include textiles, garments, retail, construction, automobile, agriculture, hospitality, healthcare, IT and ITES.
Brief us on your recent foray into the school uniform market?
The key differentiator for Everonn in this segment as compared to the unorganized sector would be good quality and right price. It is a young business as of now and we are currently in the process of learning. Our objective is to live up this business.
What is your capex plan for FY12?
The capex for FY12 would be ~Rs1.5bn excluding formal education and ESDL. In FY12 we will invest for expanding our sales force and branding.
We are poised to record a 50% growth in revenue and net profit in FY12. The operating margin in VITELS segment will also remain at 50%. In formal education, we plan to launch 10 schools in FY12 and 50 schools in FY13. We expect our topline to grow at about 50% this year.
What is your vision for Everonn? Our vision is to be a leading global player in taking education to the next dimension through an innovative blend of institutional and resources for creating empowered future citizens.
Today, every young Indian is positioned to take off to the global platform and it is our responsibility to make them job-ready. We at Everonn Education Limited ensure that we bring in world class content with world class practices, which enables them to be a world class product and stand a class apart.
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