Computer education company, Aptech, plans to expand aggressively in emerging economies —— Latin America, South—East Asia, East Europe and Africa —— with a view to increase its revenue from international operations to more than half by end—FY 15, a top company official said.
“We plan to transform into a global career education company and keeping in mind the same, have set the target of taking foreign revenues to over 50 per cent,” the company’s Managing Director and Chief Executive, Mr Ninad Karpe, said after launching the 25—year—old company’s new corporate identity here.
At present, a third of Aptech’s retail revenues come from international operations.
When asked if the target was too aggressive, a company official said there is plenty of room (to grow) as the flagship computer education vertical gets over 90 per cent of its revenues domestically and while entering newer geographies, the company will go with a bouquet of products like English education, airline and hospitality management education and animation.
The company will continue with its “asset—light” strategy and enter the new geographies with its tested franchisee model wherein local partners do the investments and Aptech supplies the content and other back end support.