Our Company was incorporated as MT Educare Private Limited on August
19, 2006 at Mumbai as a private limited company under the Companies
Act. Consequent upon the conversion of our Company to a public
limited company, the name of our Company was changed to MT Educare
Limited and a fresh certificate of incorporation dated May 18, 2011
was issued by the Registrar of Companies, Maharashtra.
Our Company started its business operations in March 2007, by
providing coaching services to IXth and Xth standard students
preparing for the examinations conducted under the CBSE curriculum
and conducting training classes in spoken English for persons working
with various companies.
From 1988 till 2007, the business of providing coaching services in
the School Section and Science Section was operated through various
partnership firms established by our Promoter, Mahesh R. Shetty. The
business of providing coaching services in the Commerce Section was
commenced in 2003 and was operated through partnership firms till
2007. In 2007, the partnership firms providing coaching services in
the Science Section and School Section were converted into two
companies under the Companies Act and the business of the
firm which provided coaching services in the Commerce Section was
taken over by a third company. In March 2009, the three companies
which operated the business of providing coaching services in the
School Section, Science Section and the Commerce Section, were
amalgamated into our Company pursuant to a scheme of amalgamation
approved by the High Court of Bombay on August 5, 2009. For further
details of the scheme of amalgamation please see the section History
and Corporate Structure - Summary of Key Agreements - Key
Agreements - The scheme of amalgamation amongst our Company, Mahesh
Tutorials Private Limited, Mahesh Tutorials Science Private Limited
and Mahesh Tutorials Commerce Private Limited .
Major events of our Company
-Investments by Helix Investments Company by subscription to
Convertible Preference Shares for a subscription consideration of a `
(equivalent of USD 8 million)
-Centres opened in Karnataka
-Centres opened in Gujarat and Tamil Nadu
-Acquisition of Scholar.s Learning Centre
-Amalgamation of Mahesh Tutorials Private Limited, Mahesh Tutorials
Limited and Mahesh Tutorials Science Private Limited into our
-Launch of Technology Aided Teaching methodology
-Acquisition of Chitale.s Personalised Learning Private Limited
-Acquisition of equity shares of MTESPL making MTESPL a wholly owned
-AFAE - Award For Academic Excellence(Pune)
-AFAE-Award For Academic Excellence(Commerce)
-AFAE - Award For Academic Excellence(Science)
- 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
- 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 Asia’s Best Under a Billion company award
- MT Educare partners with Sri Gayatri Educational Society a leading
educational institution in Andhra Pradesh and Telangana.