EdServ partners Aircel;eyes Rs 40cr revenue through tie-up

Edserv had recently signed a similar agreement with Tata Docomo for their 'Tutor on Mobile' service

PTI | November 17, 2011



Education support services firm Edserv on Wednesday announced a partnership with Aircel, under which subscribers of the telecom operator will be able to access educational content on their mobiles.

The company is eyeing revenues of Rs 40 crore in the next year through this agreement and expects 2 million students to access educational content through its application 'HumThum', EdServ said in a statement.

"Aircel has over 50 million subscribers across the country. At a conservative estimate of just 5 per cent of this subscriber base, we will be able to add over 2 million new users to our lampsglow.com content. We are targeting revenues of Rs 40 crore annually beginning next year," Edserv Chairman and CEO S Giridharan said.

Edserv had recently signed a similar agreement with Tata Docomo for their 'Tutor on Mobile' service.

Further, the company said it aiming to have one crore subscribers from the mobile segment over the next 2-3 years and achieve revenues of Rs 170-180 crore by the end of next financial year.

"Over the last quarter, we have tied up with Nokia, Samsung and Blackberry smart phones for expanding our offerings in the mobile segment.

"We have a strong pipeline for the rest of the year. Our target is to achieve revenues of Rs 170-180 crore and net profit of about 30 per cent on the top line. The company is targeting an EPS (Earnings per share) of Rs 25 for the year ending 31st March 2012," Giridharan said.

Edserv plans to take the acquisition route for expansion and is hopeful of closing a deal in the second half of current financial year.

"We are also looking at acquisitions to strengthen and consolidate our presence in the Test Prep education market. We may be able to close out one of the acquisitions during the 2nd half of the year. These acquisitions will also help the company achieve the targeted performance," Giridharan added.

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter