Educomp Solutions

The Company was incorporated in Sept 1994 as a Private Limited Company
 
 by Mr. Shantanu Prakash, an alumnus of Indian Institute of
 Management, 
 Ahmedabad and Dr. Anjlee Prakash, Ph.D. in cognitive sciences. Since
 
 inception till 1999, the Company was engaged in the business of
 setting up 
 and maintaining of computer labs in private schools under BOOT model
 and 
 in government schools under subcontract awarded by Government of
 India 
 Undertakings.
 
 The Company launched eCampus in 1998 and PlanetVidya.com - an 
 educational portal in 1999. In 2000, the Company started its trading
 operations 
 with CD-ROMs and added educational toys in 2003. In June 2000,
 Carlyle, a 
 U.S Investment company made a strategic investment amounting to $
 2.10 
 million (amounting to Rs 1087 lacs) for a 15% equity stake in the
 Company. 
 On 18th September 2000, the Company was converted from private
 limited 
 company to a public limited company. In 2002, the Company entered the
 
 e-learning space with its Learning Mate division and launched
 Learning Mate 
 Nhance, a learning Content Management platform. In 2002, the company
 also 
 set up its fully owned subsidiary, Edumatics Corporation, in US.
 
 The Company launched Smart_ClassTM Content solutions in June 2003, a
 novel 
 concept in Education space, which is aimed at transforming an entire
 classroom 
 into a Technology enabled classroom.
 
 In 2003, the Company floated a subsidiary by the name of Learning
 Mate Solutions 
 Pvt. Ltd. Furthermore pursuant to a Business Transfer Agreement dated
 August 29, 
 2003. (Refer section on Shareholders Agreement on Page 79),the
 shareholding of 
 the Company in Learning Mate Solutions Pvt. Ltd. was transferred to
 the 
 management team and assets and liabilities pertaining to the
 e-Learning division of 
 the Company were also transferred to Learning Mate Solutions Pvt.
 Ltd. The Carlyle 
 group extended further funding to this company and took up a majority
 stake in the 
 same.
 
 The Company today is one of the leading providers of technology
 enabled education 
 solutions and services for K-12 (Kindergarten to Class 12)
 institutions. The Company 
 has 844 employees operating out of over 9 locations in India.
 
 In August 2004, the Company entered the US market with the signing of
 a US pilot 
 project with Franklin Elementary School, Santa Barbara, California,
 U.S.A. The 
 company has also entered the Asia Pacific Market with pilot projects
 at Cedar Girls 
 School, Singapore in November 2004. The company has successfully
 executed the 
 pilot projects.
 
 The Company also launched Online Tutoring for teaching mathematics to
 the 
 students in the US in 2005.
 
 In July 2005, Carlyle exited from the company by selling its stake in
 the company to the 
 promoters in return for the promoters relinquishing their stake in
 Learning Mate 
 Solutions Pvt. Ltd.
 
 Milestones achieved by the Company
 
 Year            Event
 
 1994           Incorporation of Company
 1998           Launched eCampus –a student information system
 1999           Launched PlanetVidya.com, a portal
 2000           Strategic investment by the Carlyle Group
                    Conversion to Public Limited Company
                    Entry into trading operations
 2002           Set up a fully owned US subsidiary Edumatics
 Corporation
                    Launched Learning Mate NHance a Learning Content
 Management
                    Platform
 2003           Launched Smart_ClassTM Content Solutions
                    Divested the international custom content business
 to Carlyle
 2004           ISO 9001: 2001 certification for ICT solutions
                    Signed US pilot with Santa Barbara School
 Districts
                    Entered the Asia Pacific market with pilots in
 Singapore
 2005           Launched Online Tutoring services
                    Exit of Carlyle.
 
 
 2007
 
 -Educomp Solutions Limited has appointed Mr. Mohit Maheshwari,
 Company Secretary of the Company as compliance Officer in place of
 Mrs. Sangeeta Gulati w.e.f. 01.01.2007.