Educomp to spend INR 2,000 cr to enable 150 schools

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India based e-learning company Educomp Solutions will invest over Rs 2,000 crore to enable setting up around 150 schools over the next four years.

Under this model, Educomp will earn its return on investment by providing intellectual property (IP) for the schools through its Educomp School Management programme and leasing infrastructure through its subsidiary Educomp Infrastructure. Said Shantanu Prakash, managing director, Educomp said to set up five to seven schools by June 2008, that will not necessarily be run under the Educomp brand name. Educomp already has two schools that are operational in Bangalore and Chennai, and plans to open the third unit next month. The average investment in each of the schools ranges between Rs 12 crore and Rs 14 crore, and the schools are expected to be set up in eight to nine months. Educomp Infrastructure will provide the land and building on lease. Educomp currently has nearly 6,000 public-private partnership school projects, with several state governments.

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