SMC Global has come out with its report on MT Educare IPO. According to the research firm, education is a recession proof theme and can be expected to perform well in India with the demographic benefits.
MT Educare has established itself as an education support and coaching services provider in the states of Maharashtra, Tamil Nadu, Karnataka and Gujarat, through 190 Coaching Centres in 106 locations as on May 15, 2011, out of which 28 Coaching Centres in eight locations are currently operated through franchisee arrangements. It has entered into the JV with HT Education Limited to set up HTLCL to provide classroom based (non digital) coaching services under the brand
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