Educomp Solutions Ltd, India's largest integrated education company, today announced that it has picked up a strategic stake in leading engineering test prep player Vidya Mandir Classes Pvt Ltd (VMC) for close to Rs. 34 crores. Founded in 1989, VMC is a premier test preparation institute for IIT-JEE (Joint Entrance Examination for Indian Institutes of Technology in India) and other engineering entrance examinations such as AIEEE, NSIT, DCE, BITS, etc. Renowned for its pedagogy and innovative learning methodology, VMC has over the years successfully mentored thousands of IIT aspirants. In the last 20 years, over 60% of VMC students have made it to the IITs. Every year, thousands of students from across India approach and appear for the entrance test for admission to VMC Courses. Educomp is already tapping the $1.7 billion test preparation segment at multiple points with an in-school VSAT based model, after school tuition based model and online presence. Post this alliance, there are immediate synergies with Educomp's engineering test prep Leap program (already present in 12 cities via VSAT model), 251 centres for vocational and test prep business and 43 high schools. Educomp today reaches out to a total of around 14 million students with flagship Smart Class already present in 3,921 schools in India serving over 3.4 million students and another 2.4 million users of its various online businesses
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