CL Educate Ltd focuses on diverse segments of education, and across learners of multiple age-groups. Led by a team of highly qualified professionals including IIT-IIM alumni, with a passion for excellence in education, CL Educate Ltd has focused on shaping the lives and careers of many students in the twenty years of its existence.
At CL Educate they 'enable individuals to realize their potential and achieve their dreams'. This is their core ideology and is firmly grounded on their focus on academic excellence, technological innovation, and domain expertise built over close to two decades. In the past 20 years, the CL brand has diversified and established itself as a recognized brand in education sector. They operate across a broad spectrum of segments in the education industry, including test preparation, K-12 education and vocational training.
As on September 30, 2015, they had 146 test-prep centers spread over 86 cities in India, 8 K-12 schools spread across 6 cities & 28 vocational training centers and offices. They are committed to delivering quality education to all their students across the various segments mentioned above. As part of their global expansion, they also have test-prep centers operational in the UAE currently.
Under the umbrella of their brand Career Launcher, they offer reputed test prep courses for MBA, Banking, Staff Selection Commission ("SSC"), Law entrance examinations, as well as courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE, GMAT, SAT), among others.
During the six month period ended September 30, 2015, they had 50,066 enrolments in their test prep courses.
In the vocational training segment, they conduct various vocational training programs which are implemented by them under project tenders issued by the Central and various State Governments in India. With the Government of India and other State Governments promoting private participation in their drive for skill development in India, including through the Prime Minister's National Policy of Skill Development which seeks to train 500 million people in India by 2022, they believe that there is a significant growth opportunity in the vocational training segment.
They offer infrastructure and education services and license their Indus World Schools brand, currently, to English-medium K-12 schools in India, in the States of Punjab, Delhi NCR, Madhya Pradesh, Chhattisgarh and Haryana.
Their academic philosophy recognizes 'multiple intelligence', i.e., that people have different skills and peculiarities, and helps to choose a career path that caters to such differences. Further, they believe that the career of a child should be tailored to the child's aptitude, interest and personality. Indus World Schools are built on a learner friendly model.
G.K. Publications Pvt. Ltd. was established in 2001 with the vision of catering to the changing demands of Indian education scenario.
G.K. Publications became a part of CL in 2011. Under this brand, they publish niche test prep titles for popular professional and entrance examinations in India, including for Engineering, GATE, Civil Services and Banking and SCC entrances. In addition to content in English, they are in the process of gradually adding dual language titles (in Hindi and regional languages), across different examinations.
Under their brand Kestone, they provide integrated business, marketing and sales services for corporates, including event management, marketing support (including digital marketing support), customer engagement, managed manpower and training services.
They are also reaching out to corporates in the South East Asia region through their Singapore-based Subsidiary, Kestone Asia PTE Limited ("Kestone Asia").
They offer integrated solutions to educational institutions and universities across India, including business advisory and outreach support services under their brand CL Media, with the objective of facilitating such educational institutions and universities in improving their student intake and graduate outcomes.
Pursuant to their 51% acquisition of Accendere in September 2015, they also offer research incubation and support services to educational institutions and universities under the brand Accendere, with the objective of facilitating such educational institutions and universities in establishing their institutional credibility, by improving their research output in terms of the quality and quantity of research articles published by them.
From a modest beginning in April 1996 to a reputed edu-corporate today, CL Educate Ltd has charted a long journey. From the early days of stowing money in food containers because the banks were closed to a fully functional and operational corporate house with forays into six business segments in the education industry, CL is a well recognised brand in the education sector.
Starting off with MBA test prep resources, they have expanded their array of test prep courses to include Law, Banking, SSC, Civil Services, GRE, GMAT, SAT and others.
CL also has an established presence in the K-12 segment with Indus World School, which was started in 2006.
In 2008, CL acquired Kestone. Through Kestone, they undertake integrated business, marketing and sales.
In 2008, CL also started conducting various vocational training programs in partnership with the Central and various State Governments.
In 2011, CL acquired G. K. Publications. G. K. Publications publishes niche test prepration tiles for popular professionals and entrance examinations in India, including engineering, GATE, Civil Services, Bank entrances etc.
With this established diversity in the education industry, CL Educate Ltd has come a long way.
Their core ideology, 'To Enable Individuals to realize their potential and make their career dreams come true' is their reason for being. It guides and underlies their goals and actions. The ideology comes to life in their interaction with students, stakeholders and co-workers. Even as they constantly adapt themselves to the needs of a rapidly changing world, they believe their commitment to their core ideology and vision have shaped their character and the values that define them.
Acting decisively on the basis of sound judgment and intuition; and learning from mistakes and sharing the learning:
The risk taking practice has been established at CL by its founders and still lived and breathed. They commenced their operations in 1996 and they believe that Career Launcher has been established as a well recognized brand in the education sector. What is critical is being decisive at all times, raising risk flags with ytheir manager, and being ready and flexible to change roles as per organizational requirement. Despite this entrenched risk taking ability, they are no mavericks, and truly have a 'method in all the madness' as some like to call it.
| Particulars | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 |
|---|---|---|---|---|---|
| Total Assets (In ₹ Millions) | 3789.34 | 3253.44 | 1838.88 | 1782.94 | 1707.98 |
| Total Revenue (In ₹ Millions) | 1738.46 | 1558.47 | 1247.42 | 1355.23 | 1021.74 |
| Profit After Tax (PAT) (In ₹ Millions) | 49.18 | 76.59 | 23.57 | 67.43 | -53.76 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - Mar 20,2017 | 1.04 | 0.00 | 0.14 | 0.37 |
| Day 2 - Mar 21,2017 | 1.97 | 0.04 | 0.40 | 0.77 |
| Day 3 - Mar 22,2017 | 3.65 | 0.21 | 1.63 | 1.90 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusCL Educate Ltd IPO IPO will open on 20/03 and close on 22/03.
CL Educate Ltd IPO IPO will list on 31-Mar.
The offer price of CL Educate Ltd IPO IPO is ₹500 - 502.
The lot size of CL Educate Ltd IPO IPO is 29.
The Grey Market Premium (GMP) price of CL Educate Ltd IPO IPO is Not Available at the moment.
The Kostak price of CL Educate Ltd IPO IPO is Not Available at the moment.
The Subject to Sauda price for CL Educate Ltd IPO IPO is Not Available at the moment.
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