SkyQuest bullish on India

SkyQuestCom, Singapore-based global e-learning services firm, sees India a key growth market and plans to set up more licensee offices across the country during next year to expand its subscriber base.

Announcing the opening of its licensee office in Chennai, Yang Po, managing director, SkyQuestCom said that the company had identified New Delhi, Cochin and Hyderabad to expand its presence during next year.

After starting its India operations in Bangalore in February last, the company has so far signed about 10,000 subscribers in India and has set a target to take the subscriber base to 10 lakh in the next three years.

The India-operations have generated a revenue of $3 million during the current year and is expected to reach $10 million by next year.

In its attempt to expand its subscriber base, it is also planning to offer its programmes in Hindi and looking at tie-ups with various institutions.

Richard Tan, chief executive officer of the firm said that India was an important market for SkyQuestCom, along with China and Japan, which together account for 70 per cent of the total revenue. India's contribution to the total revenue is expected to reach 15 per cent during next year from the present five per cent.

He said that the company was offering world-class seminars at affordable cost to people by harnessing the power of internet.

Skyquest provides live and online video training and e-video conferencing for individuals and corporates. The subscribers can access about 200 archived video seminars of renowned speakers and one live session with a speaker every month.

The video seminars include talks on personality development, corporate learning, family and life style. Its annual subscription package for the Indian market is priced at Rs12,800.

The company is planning to bring renowned business guru Brian Tracy to India in March for a live session.

Bullish on India, SkyQuest, part of Success Resources, a leading seminar organiser in Asia during the last 12 years, is planning to shift some works, being done in Malaysia to India soon and is also planning to go for an IPO by 2007.