- Signs MoU with the world’s largest Open University
- Courses to get IGNOU certification
In a landmark development, Everonn Skill Development Limited (ESDL), a subsidiary of BSE-NSE listed Everonn Education Limited, has signed an MoU with the world’s largest open university IGNOU, for certification of the former’s courses.
Under this collaboration, the credit and non-credit programmes offered by ESDL will be certified by IGNOU. The MoU covers the certification of 28 non- credit courses offered in ESDL’s Hospitality, Apparel, Merchandising and Textile programmes. The period of these short duration certificate courses are between one month and 6 months.
ESDL imparts industry-centric skillsets to youth, enabling them to gain employment while ensuring the relevance of their training to the Industry. The world class content and teaching methodologies used by ESDL have been developed through its partnerships with leading Universities, Industries and vocational content providers. This has ensured the industry validation, resulting in placement of its trainees.
ESDL’s divisions include: Indian Skill School (ISSchool), Center for Nursing Excellence (CNE), Global Institute for Gaming and Animation (GIGA) and Academy for Culinary and Hospitality Studies (ACHS).
On this occasion Mr. P. Kishore said, “We at Everonn take this as a huge opportunity to be in affiliation with the world’s largest Open University. This step shall provide an access to quality education to everyone across the nation. We are honored to be a part in leveraging the future of the youth and drive the growth of young India”
Financial Highlight FY 2009-10
Everonn posted consolidated revenue of Rs. 294crore for the year ended 31st March 2010, against Rs. 145crore in the corresponding period in the previous year ended 31st March 2009, a growth of 103%. The PAT has risen by 106% to Rs.46crore as on 31st March 2010 from Rs.22crore compared to previous corresponding financial year.
Also, Board of Directors has recommended dividend of 20% per equity share of Rs. 10 subjected to shareholders’ approval.
About Everonn Education Limited
Everonn Education has its presence in the Indian education industry for over two decades and is listed on both the BSE and NSE. It is India’s first education and training company to offer satellite-enabled learning, Everonn is a pioneer in facilitating education using breakthrough technologies. Everonn is the largest VSAT education network in the World. Everonn today reaches out to over 3 million students through 8492 learning centres across 27 states and works with 16 State Governments of India. (31st March 2010). Everonn has the expertise to design ‘wired and wireless knowledge and training delivery platforms’ to meet the educational needs and the technological capabilities to stream relevant content simultaneously and seamlessly through VSAT, Broadband and the 3G Spectrum (Mobile).