Friday, 11 November 2011

Manipal Education set to add more courses, plans campus in Sri Lanka

The R1,100-crore Manipal Education is looking at expanding its corporate education and training portfolio beyond banking to newer sectors like healthcare, construction, transportation, media and entertainment amid plans to widen its international presence with a university campus in Sri Lanka.

The company whose investors include IT czars Narayana Murthy and Azim Premji, expects its revenue from corporate training and education to contribute a fourth of overall revenue in the next four to five years from 15% at present. For Manipal Education, 60% of its revenue comes from outside India, while 40% is generated within the country.

“In India corporate education and training is a huge market. We are looking at technical areas like diagnostics and healthcare management. Construction is another sector we see large potential right from basic construction work to supervisory and managerial jobs,” said Anand Sudarshan, managing director and CEO, Manipal Education.

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