CL Educate Ltd IPO

CL Educate Limited focusses on diverse segments of education and serves to learners from multiple age groups. The company operates in two segments-education and training programme and vocational training. It has 200 test-prep centers spread across 100 cities in India.

Date of establishment: CL Educate was established in 1996.  

Product & Service Offering: CL Educate provides coaching for higher education entrance exams under Career Launcher brand. The company provides publishing and content development services under the GK Publications brand. It performs event management and customer engagement activities under the Kestone brand. It operates K-12 schools under Indus World School brand. CL Media and Accendere are the other brand names operated by the firm.

Promoters of CL Educate Ltd.: The promoters of the firm are Mr. Satya Narayanan R, Mr. R Gautam Puri and Mr. Nikhil Mahajan.

Customer segment: The company offers its services to students, public sector enterprises and educational institutions.

Objects of the Issue:

The objects of the issue are:
-     Working capital requirements
-     Acquisitions and other strategic initiatives
-     Payment of debt
-     General corporate purposes

Company Financials: