MT Educare Ltd
MT Educare Ltd Company History
MT Educare to provides an education support and coaching services for students in the secondary and higher secondary school and for students pursuing graduation degree in commerce, preparing for various competitive and chartered accountancy examinations.
2007
Investments by Helix Investments Company by subscription to 3,28,00,059 Compulsorily
Convertible Preference Shares for a subscription consideration of a ` 32,80,00,590
(equivalent of USD 8 million)
Centres opened in Karnataka
2007
2008
Centres opened in Gujarat and Tamil Nadu
Acquisition of Scholar.s Learning Centre
2008
2009
Amalgamation of Mahesh Tutorials Private Limited, Mahesh Tutorials Commerce Private
Limited and Mahesh Tutorials Science Private Limited into our Company
Launch of Technology Aided Teaching methodology
2009
2011
Acquisition of Chitale.s Personalised Learning Private Limited
Acquisition of equity shares of MTESPL making MTESPL a wholly owned Subsidiary.
2011
2012
AFAE - Award For Academic Excellence(Pune)
AFAE-Award For Academic Excellence(Commerce)
AFAE - Award For Academic Excellence(Science)
2012
2013
The Company has transferred its pre-school division (comprising of 6 Company operated centres) along with all its assets & liabilities, intellectual property and other rights relating thereto to Tree House on a going concern and that the transaction has been concluded.
MT Educare inaugurates its state of the art Pre-University College at Mangalore.
The Company has entered into Shareholders Agreement with respect to acquire 51% stake in Lakshya Forum for Competitions Pvt. Ltd. ("Lakshya"), a leading North India based IIT Entrance teaching institute. Further, the Company has informed that Lakshya holds 10 % stake in Lakshya Educare Private Limited (subsidiary of MT Educare Limited) a Special Purpose Vehicle ("SPV") created for the purpose of launching JEE advanced coaching services in Mumbai and rest of India. MT Educare Ltd. holds 90% stake in this SPV.
The company has linked a distribution and marketing agreement with Chetana Publications Private Limited.
MT Educare Ltd. - Forbes AsiaÂs "Best Under a Billion" company award
2013
2014
MT Educare partners with Sri Gayatri Educational Society a leading educational institution in Andhra Pradesh and Telangana.
2014
2015
Leading education company, MT Educare (MTEL) has launched its Robomate+ App in co-ordination with Global Education Trust (GET) its CSR partner.
2015
2016
MT Educare Ltd. - Mr. Amitabh Bachchan to launch MT EducareÂs new Learning Management System (LMS)
2016
2018
Company acquired 100% Equity Shares of "Labh Ventures India Private Limited" by way of execution of Share Purchase Agreement.
2018
