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Bindu D. Menon

New Delhi, June 1

Delhi-based IEC Software Ltd, with presence in IT Education, has recently forayed into other verticals of formal and non-formal education.

The listed company plans to invest Rs 200 crore by 2011 to strengthen its position in the kindergarten to the post-graduation market.

The company, which has presence in IT education through its franchisees and ICT installations at Government schools, said it has also recently acquired a finishing school VEF System Private Ltd, for Rs 6 crore.

“We want to consolidate our presence in the KG-PG segment. With our existing infrastructure we hope to leverage and grow in the formal education venture as well,” Mr Naveen Gupta, CEO of IEC, told Business Line.

The AICTE approved IEC College will provide formal education to students in the field of engineering, pharmacy, management and hotel management. This apart, the company also plans to add components like skill-set enhancement and personality development.

He said the company is also looking to launch more programmes in areas like paramedical and fine arts.

“We are also considering to apply for a deemed university status as we will have a presence in almost all verticals of education”.

More Stories on : Software | Education

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