DMC International Limited, a BSE Listed education company today announced the signing of a strategic partnership agreement with M/s. Academy of Commerce (Studies) Pvt. Ltd, a 29 year old Leading Coaching Institute for CA/CS/ICWA.
Through this alliance AOC will accommodate Trump & Gates and Quest Tutorials and other verticals, all ancillaries of M/s DMC International Limited at Various locations owned by AOC apart from the use of infrastructure. Both members of alliance, vis-à-vis DMC International Limited and AOC will share each others marketing networks for business development. This, in turn, will increase the energy of operations between the two companies.
Announcing the strategic partnership, Mr. Gaurav Mittal, CEO DMC International Ltd, said, “AOC’s expertise in CA coaching augments our portfolio of courses. This strategic collaboration is completely in line with strategy of aggregating and distributing state-of-the-art content in the preparatory education space.”
“It is an exciting occasion for both the entities. We at AOC are confident that this partnership would enable us to deliver our courses to students, all over India. We are, already, the most preferred brand for CA coaching in Delhi. Now we intend to become the largest and the most preferred brand for CA coaching across India” said Mr. KM Gupta, Director, Academy of Commerce
AOC has its own well equipped furnished Center in 12 locations in Delhi. DMC will open its center at these locations. AOC has agreed to share its infrastructure with Trump & Gates and Quest Tutorials (IITJEE) Centers. The revenue sharing ratio decided upon is: 85% DMC & 15% AOC.
About DMC
DMC International Ltd. is a BSE listed Education company. It is a leading provider of training for various entrance examinations.DMC acquired Trump and Gates (www.trumpandgates.com) in Oct' 09. T&G (Trump and Gates) are pioneers in coaching for Actuarial Science in India. T&G specializes in counseling for admissions in International colleges and preparation for GMAT/GRE/SAT/TOEFL/IELTS. T&G is also the leading destination for GATE coaching in Delhi. DMC has a strategic tie-up with the fastest growing brand for IIT JEE coaching in Delhi, called Quest (www.questtutorials.com). Founded in 2003, the company is offering courses at 10 locations in Delhi. www.dmceducation.com
About Academy of Commerce (Studies) Private Limited
AOC has been a pioneer in CA/CS/ICWA education in India. After 29 years of excellence it is now considered to be a premier institute for all levels of training in commerce and finance. The institute has benefited more than 70,000 students, producing top rank holders of India every year. AOC believes in delivering knowledge solutions with respect to a career driven approach of learning. The academy focuses on shaping students to become world-class CA professionals enabling them to choose from a range of career options that are available. www.aoc-india.co.in