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The education sector provides extremely attractive investment opportunities for private players, as the India education market size is around $80bn, with government contribution amounting to $30bn (3.7% of GDP) and the balance by the private equity players. In addition to this, the sector is recession proof, under-invested and fairly un-represented in the stock market, creating ample opportunity for the private equity investments to generate attractive returns in due course.
Established in 1977 by Prof. N.R. Rane, a visionary, IMS is a leading Indian educational services player focused on test preparation, skill development and formal education. The company is the premier provider of test preparation services for aspiring students across management, engineering, and law. With over 140 centers across 90 cities in India, the company provides test prep services for various tests including domestic entrance exams such as the CAT, MAT, and CET, and international standardized tests such as the GMAT, GRE, and SAT.
IMS straddles the education and training space through four primary business divisions namely Test Prep, Proschool, Publications and Formal Education. While the Test Prep division offers test preparation services for entrance exams, the Proschool division provides skill development services in the Finance and Retail domain. The Publications division owns the Advanced MBA magazine (circulation of 40,000+) which is the preferred magazine of students and business school aspirants. Through its Formal Education division, IMS owns and operates a premier residential business school by the name of Praxis Business School in Kolkata.
Resonance was established in Kota, Rajasthan, in 2001 by Mr. Ram Kishan Verma, an IIT Madras alumnus, and since then it has witnessed rapid growth. Since inception the focus of the tutoring has been towards IIT-JEE and over the last eight years more than 5,300 of its students have cleared the examination.
Starting from about 1,000 students in the first year, Resonance enrolled over 18,000 students in its classroom programs and over 6,000 students in its distance learning module last year. Though Kota [NS1] continues to be the mainstay of Resonance's operations, accounting for over three-quarters of the enrolments, the Company has, over the past two years, begun to expand into other cities in India by establishing its own centres and associating with schools. Presently, apart from Kota, Resonance has centres in Delhi, Mumbai, Jaipur, Kolkata, Lucknow, Bhopal and Nagpur.
Apart from the flagship IIT-JEE program, the Company also conducts classes for foundation-level programs (NTSE, Olympiads, etc.) for students of classes VII to X. It has over 2,000 students enrolled for the classroom program and a similar number for the distance learning module.
Apart from the flagship IIT-JEE program, the Company also conducts classes for foundation-level programs (NTSE, Olympiads, etc.) for students of classes VII to X. It has over 2,000 students enrolled for the classroom program and a similar number for the distance learning module.