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In 2005, Orion Edutech started its journey with a 400-sq-ft office in Barasaat, a few kilometres north of Kolkata. A decade later, the company claims to have skilled more than 2 lakh candidates across 235-odd training centres. It is now looking to not just consolidate its presence, but also to make an international foray.
According to Manish Agarwal, co-founder and Director of Orion Edutech, the company is looking to foray overseas with MoUs for skill development and vocational training courses, in Malaysia, Vietnam, Sri Lanka, Indonesia, and African nations.
“So far we have been concentrating on India. Now we would like to expand overseas with focus on skill development and vocational training,” he told BusinessLine .
Co-founded by Manish and Sanjeev Kothari, Orion Edutech started its journey by providing training to job-seekers in the BPO sector. Today, it is spread across 21 States in India with courses covering sectors like ITeS, healthcare, hotels and hospitality, retail, telecom, beauty and wellness, electronics and apparel. Courses are being expanded in sectors like automobiles and construction as well. In 2012, it partnered the National Skills Development Corporation (NSDC). Post the tie-up, Orion has skilled approximately 1 lakh candidates between 2012 and 2015. Its student estimate for next year stands at 2,00,000 already.
Targeting a near three-fold jump in revenue from ₹35 crore in FY15 to ₹100 core in FY16, Orion is looking at acquisitions. According to Agarwal, the size of the acquisition will be from ₹6-18 crore.
In January this year, Orion acquired a majority (67 per cent) stake in Brain Valley, a cloud-based assessment company that provides a platform for an array of competitive exams and corporate recruitments. The Brain Valley acquisition will help Orion in the assessment of their existing students, and provide solutions to their partnered corporate companies for sourcing the right candidates.
According to Agarwal, in 2010, Orion got funding from Ventureast ($4 million). And with international expansion as well as acquisitions on the cards, another round of funding may be explored.
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