Everonn Education is a player in the education and training space. With 7,561 learning centres spread across 26 states, it offers a range of education services. It provides turnkey IT education solutions for government or private schools/ colleges through long-term contracts. Everonn's scope of services comprises supplying hardware, software and other physical infrastructure for IT education, providing and maintaining good working conditions of infrastructure, imparting computer education in English as well as regional languages, supplying adequate stationery and consumables at centres, providing faculty, creating and building necessary print and multi-media content and training headmasters, teachers, etc on usage of computers and multimedia. In association with state governments Everonn has set up computer labs at various educational institutions for imparting IT education under its instructional and communication technology (ICT) programme. It delivers education through virtual and interactive learning classroom networks.
Its Virtual & Technology Enabled Learning Solutions (ViTELS) allows overcoming the barriers of distance and delivers an enriched, seamlessly integrated learning experience. Content is delivered through various platforms — VSAT enabled live & interactive sessions, server-based content and online. Everonn Educational Resources Solutions Ltd (EduRes) defines its business as being solution provider and technology advisor to educational institutions. Everonn is investing in a test preparation training subsidiary, Toppers Tutorials Pvt Ltd, for IIT and engineering aspirants. The improving education scenario opens new vistas in the Indian education space for private players. The World Bankhas estimated that the annual private market size for K-12 (Kindergarten to class 12) segment at INR 26,000 crore. The potential is huge as added to this are around 348 universities and over 25,640 colleges and 10.5 million students in the higher education segment. Everonn is utilising the potential and growing at a robust pace. Its ViTELS business marked a 66.7% growth during the second quarter. In ICT segment also, Everonn added 1,266 schools taking the tally to 5,708. ICT revenues at INR 13.9 crore grew year-on-year at 6.4%. Revenue from theEducational Resources and Toppers business stood at INR 24.4 crore, a rise of 168%, and contributed 21% to total revenues.
