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Featured | 18 February 2013

Portfolio Focus: Milestone Religare Investee Resonance Eduventures

by Paritosh Gajjar
 
@Paritosh

@Resonance_Eduventures, a notable name in the IIT-prep hometown of Kota, Rajasthan had raised R60 Cr from @Milestone_Religare in April 2010.

Resonance is a coaching institute for JEE (erstwhile IIT-JEE/AIEEE), NEET (erstwhile AIPMT) exams for students of classes 9-12. It also offers coaching to students of grades 7-10 as Pre-Foundation Career Care Program (PCCP) for exam preparations of exams like National Talent Search Examination (NTSE) and various international science, mathematics, chemistry and physics Olympiads.

In 2009, the year before this investment was made, around $121 Mn (R556 Cr) was infused in eight companies in the same segment which included Career Point, FIITJEE, ITM Group, TutorVista and Edutech.

Resonance Performance


(Rs. Mn) 2012 2011 2010
Sales 1475.65 1256.88 1072.54
EBITDA 418.52 378.68 209.39
PAT 285.22 223.3 127.83
Share Capital 18.43 290.7 290.7
Reserves 1496.93 351.11 127.85
Total Debt 82.43 742.15 325.48


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