Chennai based Education Services Company (EdServ) will invest Rs 40 crore in its newly launched EdServ Training Institute (ETI), an instructor-led training centre.
The company is planning to use franchisee network to offer academic support and vocational training courses including tuition, coaching, test prep, and job-oriented training apart from placement support, according to a company release.
EdServ has tied up with A-Team Edutech Ltd, an education management company, for the supply of tablet PCs to the centre.
“Given our strong presence in the online segment, we believe the current scenario presents EdServ with a great opportunity to tap into the brick and mortar model of academic support services as well,” said S Giridharan, chairman and CEO, EdServ.
The company is targeting a pan-India presence and has plans to open up 200 franchisee-led ETIs across the country including about 80 centres in south India within the next 6 months. It is targeting revenue of over Rs 20 crore from the ETIs in the first year of operation.