Four-S Weekly Edutrack 23rd May - 29th May, 2011
Universal Learn Today and Educomp in JV to set up 30 Schools
Universal Learn Today Pvt. Ltd. (ULT), an India Today Group company and promoters of The Vasant Valley Schools (VVS), and Educomp Infrastructure and School Management Limited (EISML), a subsidiary of Educomp Solutions Ltd, have announced the signing of an agreement with the aim of jointly facilitating independent trusts to set up Vasant Valley Schools across India.
As per the agreement, ULT and EISML will exclusively partner to provide school management services, educational infrastructure as well as learning systems to set up thirty Vasant Valley Schools over the next several years. Vasant Valley Schools are today synonymous with high quality school education and rank among the top few schools in the country, while EISML is facilitating schools across India by providing expertise in school management as well as learning systems.
The new schools will be set up under the Vasant Valley brand and imbibe the pedagogical philosophy of Vasant Valley Schools while leveraging Educomp’s deep commitment to educational excellence. While the overall guidelines and framework of the curriculum, courses, contents, teaching methodology, academic practices and pedagogic strategies will be provided by ULT, they will be continuously augmented and enriched by the internal research and development efforts of both partners.
Educomp declared its Q4 results with its net profit more than doubling to `1.46bn in the quarter ended on March 31, 2011 from `0.64bn in the corresponding period last year. The revenue for the reported quarter was up by 47.18% at `48.8bn compared to `33.2bn posted in 2009-10.
Universal Learn Today Pvt. Ltd. (ULT), an India Today Group company and promoters of The Vasant Valley Schools (VVS), and Educomp Infrastructure and School Management Limited (EISML), a subsidiary of Educomp Solutions Ltd, have announced the signing of an agreement with the aim of jointly facilitating independent trusts to set up Vasant Valley Schools across India.
As per the agreement, ULT and EISML will exclusively partner to provide school management services, educational infrastructure as well as learning systems to set up thirty Vasant Valley Schools over the next several years. Vasant Valley Schools are today synonymous with high quality school education and rank among the top few schools in the country, while EISML is facilitating schools across India by providing expertise in school management as well as learning systems.
The new schools will be set up under the Vasant Valley brand and imbibe the pedagogical philosophy of Vasant Valley Schools while leveraging Educomp’s deep commitment to educational excellence. While the overall guidelines and framework of the curriculum, courses, contents, teaching methodology, academic practices and pedagogic strategies will be provided by ULT, they will be continuously augmented and enriched by the internal research and development efforts of both partners.
Educomp declared its Q4 results with its net profit more than doubling to `1.46bn in the quarter ended on March 31, 2011 from `0.64bn in the corresponding period last year. The revenue for the reported quarter was up by 47.18% at `48.8bn compared to `33.2bn posted in 2009-10.
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