investor presentation - mt educaressc.maheshtutorials.com/images/investor/q3.pdfgeographical...
TRANSCRIPT
Investor Presentation
February 2013
This presentation has been prepared by MT Educare Limited (the “Company”) solely for use the purpose of Investor meetings. This presentation (including any information contained herein and any information, whether or not in writing, supplied in connection herewith) is strictly confidential. The material that follows is a presentation of general background information about the Company’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete, is subject to change without notice and its accuracy is not guaranteed. The information has not been independently verified by any third party. Accordingly, no representation or warranty, express or implied, is given by or on behalf of the Company and its affiliates and related bodies corporate, and their respective officers, directors, employees and agents to the accuracy or completeness of the information or opinions expressed herein. To the maximum extent permitted by law, the Company and its affiliates and related bodies corporate, and their respective officers, directors, employees and agents disclaim any liability for any loss arising from any use of this presentation or its contents or otherwise arising in connection with it. This presentation contains statements that constitute forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factors and assumptions. The Company does not undertake to revise forward-looking statements to reflect future events or circumstances. This presentation is for information purposes only. It is not intended to be relied upon as advice to potential investors, and shall not constitute an offer or invitation, or solicitation of an offer, to purchase any securities. The possession, circulation or distribution of this presentation may be restricted in your jurisdiction. You are required to inform yourself about and observe any restrictions relating to any such restrictions or an investment by you in the securities of the Company or its subsidiaries. This presentation may not be reproduced or redistributed to any other person and you agree to keep the contents herein confidential. MT Educare Limited came out with its Initial Public Offering (“IPO”) in March 2012 and was listed on the BSE and NSE on April 12, 2012. The Prospectus is available on the website of SEBI at www.sebi.gov.in. Investors should note that investment in equity shares involves a high degree of risk and for details in relation to risk factors, please see the section titled “Risk Factors” on page 11 of the Prospectus. Any decision to purchase any securities should be made solely on the basis of information contained in the Prospectus issued in respect of the Offering and registered with the RoC or the final offering memorandum relating to the securities after seeking appropriate professional advice, and no reliance should be placed on any information other than that contained in the Prospectus or the final offering memorandum.
Disclaimer
2
Index
3
Executive Summary
Key Company Milestones
Industry in Growth Phase
Capturing the Entire Value Chain
Center Count
Key Differentiators
Growth Strategy
Experienced Management Team
Financial Overview and Operating Leverage
Shareholding Pattern
Executive Summary
5
Mahesh Tutorials – now a 25 year old brand; Coaching services being provided by Mr. Mahesh Shetty since 1988 under the brand name ‘MAHESH TUTORIALS’ Operates under three business verticals – School, Science and Commerce; Diversified product offerings catering to students right from Std. VIII to students appearing for Engineering and Medical Entrance Exams (including IIT Entrance), exams for CA course and MBA aspirants Geographical presence in five states including Maharashtra, Karnataka, Tamil Nadu, Gujarat and Delhi Network consists of 207 coaching centres across 5 states of which 10 are franchisees and rest are company managed 68,017 students serviced* in FY12; Employee and faculty strength of 2,200+ with 1,128 faculty members, of which more than 300+ are post graduates Focus on result oriented quality coaching with technology enabled classrooms and digitized content and Emphasis on teacher training through intensive workshops Experienced management team consisting of senior professionals having strong background in academics and rich experience Asset light business model; zero debt with negative working capital Shareholding pattern: ~54% held by Promoter/Directors/KMPs and ~15% held by DIIs/FIIs
Milestones
7
First Branch of Mahesh Tutorials
Setup
1988 2001
Introduction of Science Coaching
for XI and XII
Introduction of Commerce
Coaching for XI and XII
2003 2007
PE Investment of USD 8mn by Helix
Investments Company for expansion in
Mumbai
2008
Centres opened in Karnataka,
Gujarat and Tamil Nadu; Acquisition
of Scholars’ Learning Centres
2009
Introduction of Technology Aided
Teaching (TAT)
2011
Acquisition of 51% stake in Chitale’s
Personalised Learning Pvt. Ltd.
2012
Listing in April 2012; Acquisition of 51% stake
in Lakshya Forum for Competitions Pvt. Ltd. in
Nov. 2012
Large Addressable Market
9
24,418 40,187
75,629
2006-07E 2010-11P 2014-15P
Market Size - Classroom based coaching industry
Rs. Cr
13% CAGR
17% CAGR
Rising disposable income
Increasing household spend
on education
Infra bottlenecks for formal education
Increasing private sector participation
Growth in addressable market
INDIAN EDUCATION SYSTEM
Informal Education
Vocational Education
Formal Education
Open & distance learning
Multimedia in Pvt Schools
ICT in public schools
Play School
Higher Education K-12 Coaching
Classes
The Indian coaching industry is expected to grow from Rs. 40,187 crore in 2010-11 to Rs. 75,629 crore in 2014-15.
Strong structural factors aiding the growth of this sector A large market opportunity No. of Students appearing in various examinations
Source: Crisil Source: Crisil
Source: Websites of JEE, IIT Delhi, AIEEE, MHRD, Annual report of ICAI, Maharashtra Directorate Of Medical Education and Research
1,325,936
1,061,566
769,929
1,065,100
468,240
282,096
135,617
574,259
120,195
100,151
80,077
0 400,000 800,000 1,200,000
MSB Higher Secondary
CBSE Xth
CBSE XIIth
AIEEE
IIT JEE 2011
Com Ent Exams, Mah.
All India Pre Med/Pre-Dental Test …
CA CPT
CA PCC
CA IPCC
CA Final
Business Overview – Capturing the entire Value Chain
11
CA Final,
Basic Graduation (B.Com, BMS) & CA IPCC, MBA Entrance
Entrance Exams – CA CPT, CS Foundation
JEE Mains, JEE Advanced (IIT) and NEET
Std. XI and XII (Science and Commerce)
Std. VIII, IX and X (All Subjects)
Business Overview
Science Section Commerce Section Others School Section
XIth and XIIthstandard
Test prep for the engineering and medical entrance examinations (JEE Mains and JEE Advanced, NEET)
XIth and XIIthstandard
CA-IPCC , CA Final, CA-CPT
CS-Entrance
Bachelor degree in Commerce (UVA)
IXth and Xth standard
Maharashtra, Gujarat, Karnataka State Board
CBSE
ICSE Board
INK
Coaching for CAT, CMAT
Coaching services in Dubai
Government Programmes
Sale of Content through various distribution channels
12
In the Secondary and Higher Secondary School Pursuing graduate degrees
Undertaking CA examinations.
A coaching services provider for students…
Preparing for various competitive examinations
Location of Centres
14
156 28
13
6
3
Total No. of Centres
Section 12-13 11-12 School 110 109
Science 49 43
Commerce* 48 40
Total 207 192 * Includes CPLC Centres
51
192
2007 2012
Growing No. of Centres
Division-wise Breakup of Centres
1 Delhi
4 centres of Lakshya in Punjab and Haryana will be added w.e.f. April 1, 2013
Organized and Diversified Player
Large Pool of Quality Faculty
Members
Result Oriented Quality Methods
of Coaching
Corporatized Structure and Experienced
Management Team
No one man show or ‘Star Teacher’ concept 16
Key Differentiators…
Well Recognized Brand &
Experience
7 of top 35 in CA Final
May 2012
20+ students > 90% in HSC + CET
Mar 2012
1,556 scored ≥ 90% in Xth Std. Exam
A.Y 2012
156 Centres at 98 locations in Mumbai
Dec. 31, 2012
Currently operates 51 centres at in Rest of Maharashtra, T.N., Gujarat, Karnataka and Delhi, of which 10 are franchisee centers
1,128 faculty members
300+ faculty Post Graduates (CA, MBA, B.Ed)
Multiple faculty teaching each subject
Continuous training
Increased visibility amongst governments and international educational institutions
Assisted in raising capital from private equity investors
Scientific coaching methods and system
Focus on conceptual knowledge and holistic development
Technology to supplement coaching
176 Assistant Teachers – first to introduce the concept
Dec. 31, 2012
Career Counselling:
Through seminars and exhibitions
Symphony:
A mix of music, yoga and diet controlling techniques to reduce stress, enhance memory and improve communication skills.
Hum Se Poocho:
A 24 hour helpline during exam time.
Counselling Sessions:
To facilitate communication between the teachers, students and parents on the students’ requirements.
Value Added Services
Prepared by faculty heads from reference material
Theory and concept of various subjects are addressed in an efficient and simple manner
Unique Study Material
Based on experimental learning
Audio Visual Technology, Animation & Graphics
Conducive environment
Leads to greater retention
Interactive Course Delivery
Close attention to individuals’ needs & helping them in their day-to-day academics
Close monitoring of the attendance
Regular parent-teacher meetings
Close Monitoring and Reviewing
Series of tests and examinations are conducted for each course
Printed model answer paper, along with the marking scheme
Mock board examinations for school section
Tests & Examination Series
COURSE DELIVERY PROCESS
17
…Teaching Methodology
Growth Strategy
19
Focus on National Level Exams
Entry and expansion into college tie-ups with test prep in college campuses Asset light with lower infrastructure spend than regular centres Helps attract large volumes
Asset light college tie-ups
Pan-India strategy with focus on nationwide common entrance and professional examinations such as CA, IIT JEE Advanced, JEE Mains, CAT, CMAT etc.
Expansion outside Mumbai reducing geographical concentration Future growth expected from Karnataka, Rest of Maharashtra and North India Science & Commerce to increasingly contribute to total revenues
Geographical & Vertical Risk Management
Growth Strategy – School Division
20
Overall market trend moving towards IX-X Combo, IX-X Combo admissions up from ~2,000 in FY 09 to ~6,000 in FY 13
Currently successfully catering to students of Std. VIII via the INK broadband internet model
Commercial launch for Std. V-VIII for Stateboard, ICSE and CBSE all slated for 13-14; Expecting this market to grow rapidly
Expansion in Maharashtra outside Mumbai with expanding in current cities like Pune and Kolhapur and setting up coaching locations in cities like Nashik and Aurangabad
Offering recorded revision lectures for students of Std. X on smartphones, tablets and using DVDs; sale of content expected to have a snowball effect on increasing footfalls at our centres
Focus on developing the CBSE & ICSE business verticals as a pillar of strength to enable rapid scalability of operations in the school segment across all states in India
About INK Model: • Two-way communication using a web camera enabling face-to-face interaction with the faculty • Allows doubt solving and basic testing and evaluation over the internet • Limited classroom based coaching and counselling
Growth Strategy – Science Division
21
Launch of coaching for JEE Advanced (IIT Entrance Exam) in Mumbai under the brand ‘Lakshya’
Signed Share Purchase Agreement with Promoters of Lakshya Forum Competitions Pvt. Ltd. (Lakshya) agreeing to buy 51% stake in Lakshya with an option to acquire the balance stake in 2015-16
Plans to launch JEE Advanced coaching in Karnataka in the next two years
About Lakshya: • Lakshya provides coaching to students appearing for IIT and medical entrance examinations • Founded by four IITians, Lakshya started operations in 2006 in Patiala and currently operates from 4 centres in Punjab and Haryana • 2,200+ students serviced for FY 12-13 • Lakshya planning to expand in North Indian states of Punjab, Haryana, J&K, Himachal Pradesh and UP
Tremendous Scope for growth in the state of Karnataka under the Pre-University (PU) College Tie-up Model
PU College Model: • Coaching for engineering and medical test prep in college premises; every college student is a student enrolled with MT Educare for test prep
State of the art PU college at Mangalore with a capacity of 3,000 students ready, and a hostel facility with a capacity of 1,000 students, getting ready
Currently have 5 college tie-ups across Karnataka, including Mangalore, with plans for additional 5 in the next academic year
Proposing to tie-up with 30 colleges in the next 5 years
Growth Strategy – Commerce
22
Focus on expanding MT Educare’s reach in the CA coaching market throughout India
Chennai developed as a “Centre of Excellence” for CA with an eye on the South India market
Batches for CA already started at Delhi and Rajkot
Planning in Pune, Ahmedabad and cities in North India
Starting batches for CS-Executive examination from next academic year
Increasing the reach of Commerce offering for junior college students in Mumbai by rolling out batches at 20 new/existing centres in Mumbai
Launch of University, Vocational and Affiliated (UVA) programme with focus of creating employable graduates and bridging the gap between skills imparted by basic graduation and skills required by current professions
Currently have a tie-up with Bunts Sangha College, Mumbai to provide coaching to B. Com students along with UVA courses, CA-IPCC or MBA Test Prep; plans on expanding MT Educare’s footprint via college tie-up model
Coaching for CAT/CMAT under brand ‘CPLC’ to be taken outside Mumbai
Board of Directors
He has over 27 years of experience and holds a bachelor’s degree in science and education from the Mumbai University. He was awarded the ‘Pride of the Nation Award’ by the All India Achievers Association in the year 2008
Mahesh Shetty (Chairman and MD)
24
A Non Independent, Non Executive Director of our Company. He has been associated with our Company since its incorporation. He holds a bachelor’s degree in mechanical engineering from the University of Madras. He has 23 years of experience in the education sector.
Naarayanan Iyer (Non Executive Director)
She holds a bachelor’s degree in dental sciences, a bachelor’s degree in law and a post graduate degree in management education from IIM, Calcutta.
She has over 15 years of experience in various sectors such as media, healthcare, constructions and manufacturing and has played a major role in establishing the corporate entity and expansion plans of the Company
Chhaya Shastri (Non Executive Director)
He holds a bachelor's degree in engineering from the Indian Institute of Technology, Mumbai and a post graduate diploma in management from the Indian Institute of Management, Ahmedabad.
He has 12 years of experience in private equity investing. He is the founder of the health food service “Calorie Care”.
Cyrus Driver (Independent, Non Executive
Director)
She is a fellow chartered accountant of ICAI and holds a bachelor’s degree in commerce from Sydenham College of Commerce and Economics, Mumbai.
She has 14 years of experience in the field chartered accountancy and taxation. She is a partner of Bansi S. Mehta & Co., B. S. Mehta & Co., and BSM Associates, Chartered Accountants.
Drushti Desai (Independent, Non Executive
Director)
He holds a bachelor’s degree in engineering from Veermata Jijabai Institute of Technology, Mumbai and a master’s degree in management studies from Jamnalal Bajaj Institute of Management Sciences, Mumbai.
He has over 26 years of varied experience in sales, marketing, business development and general management across industries. He presently, works as a business consultant and also conducts developmental workshops for working executives and teachers at various management institutes in Bangalore.
Yatin Samant, (Independent, Non Executive
Director)
He holds a master’s degree in marketing management from the University of Mumbai and a doctorate degree in physical chemistry from the Institute of Technology Mumbai.
He has over 20 years of experience in various capacities in industry and academics. He is presently, the dean - management education & assistant vice president (training & development) with Reliance Infrastructure Limited.
Uday Lajmi (Independent, Non Executive
Director)
Key Management Personnel
25
Anish Thakkar (Business Head-
Commerce Section )
Chandresh Fooria (Business Head- Science Section )
Sujeet Koyoot (Business Head-
Karnataka )
Murali Subramanian
(Business Head- Pune)
Shrenik Kotecha (Business Head-
UVA)
He is a member of the Institute of Chartered Accountants of India. He joined MT Educare in 2003 and has over 16 years of experience.
He holds a bachelor’s degree in engineering (instrumentation) from the Swami Vivekananda College of Engineering, Mumbai.
He has over 18 years of experience in the field of teaching and administration.
He holds a bachelor’s degree in science and education and a post graduate degree in science (electronics) from the University of Mumbai.
He has over 13 years of experience in the field of teaching and administration.
He holds a bachelor’s degree in engineering (electronics) from University of Mumbai. He has over 14 years of experience and has been associated with the company since its inception.
He holds a master’s degree in commerce from R.A. Podar College in Mumbai and has completed his MBA from D.Y.Patil College.
Before joining the company, he was associated with Thakkers Eskays as a partner. He has special expertise in mentoring students, business networking and new business development.
Key Management Personnel
26
Vipul Shah (Business Head-
Gujarat )
Mahtab Khan (Business Head-
CSR and INK )
Parag Chitale (Business Head -
MBA)
Yagnesh Sanghrajka
(CFO)
Ashwin Patel (Company Secretary
and Compliance Officer)
He holds a master’s in business administration (MBA) from Jamnalal Bajaj Institute of Management Studies (JBIMS)
He has over 18 years of experience especially in the services sector, in financial strategy planning, investor relations, management information reporting and corporate finance.
Before joining the Company, he has worked with large corporate houses (Hinduja Group) and a leading PE firm
He is a member of the Institute of Company Secretaries in India and has a bachelor’s degree in law from Mumbai University and has over 20 years of experience
He holds a bachelor’s degree in computer engineering University of Mumbai and has completed masters in marketing management.
He also looks after marketing at MT Educare Ltd.
He holds a bachelor’s degree in science and education and a post graduate degree in science (electronics) from the University of Mumbai.
He has been associated with the company since incorporation
Key Financials
Revenue (INR Mn) EBITDA (INR Mn)
PAT (INR Mn) Networth (INR Mn)
45
732832
1,055
1,306
0200400600800
1,0001,2001,400
FY 08 FY 09 FY 10 FY 11 FY 12
-21
92 125
190 231
-36%
13% 15% 18% 18%
-40%
-20%
0%
20%
40%
-100
0
100
200
300
FY 08 FY 09 FY 10 FY 11 FY 12
EBITDA EBITDA Margins
-2926 52 81
132
-64%
4% 6% 8% 10%
-100%
-50%
0%
50%
-50
0
50
100
150
FY 08 FY 09 FY 10 FY 11 FY 12PAT PAT Margins
28
315 358 411 476 571
-9%
7%13%
17%23%
-10%
0%
10%
20%
30%
0
200
400
600
FY 08 FY 09 FY 10 FY 11 FY 12
Networth RoE
Note: The financial statements of Financial year 2008-09 are not comparable with Financial year 2007-08 due to amalgamation of the Company, Mahesh Tutorials Private Limited (MTPL), Mahesh Tutorials Commerce Private Limited (MTCPL) and Mahesh Tutorials Science Private Limited (MTSPL). All the assets and liabilities of erstwhile MTPL, MTCPL, MTSPL stand transferred to and vested with the Company effective from April 1, 2008.
FY 09-12: 21% CAGR
FY09-12: 71% CAGR Net worth as of Dec. 31, 2012: INR 1040 Mn
QUARTERLY AND 9M FINANCIALS – CONSOLIDATED
29
Particulars For the quarter
ended 31st December 2012
For 9 months ended 31st
December 2012
For year ended 31st March, 2012
Fee Income 3,696.08 11,739.83 12,715.34
Other Operating Income 234.99 476.06 342.01
Total Revenue 3,931.07 12,215.89 13,057.35
Direct Costs 1,967.61 6,195.66 6,977.15
Personnel Costs 570.47 1,694.64 1,798.68
SD&A Costs 593.40 1,801.58 1,971.13
EBIDTA 799.59 2,524.02 2,310.39
Finance Costs - - 4.79
Depreciation 221.75 613.81 781.63
Other Income 116.99 384.36 396.75
PBT 694.83 2,294.57 1920.72
Income Tax 223.99 672.04 636.73
PAT (Before Minority Int.) 470.84 1,622.53 1,284.00
Minority Interest (15.14) (14.58) (39.19)
PAT 485.98 1,637.11 1,323.19
INR in Lakhs
Lakshya Forum for Competitions Pvt. Ltd. (Lakshya) will be consolidated w.e.f. April 1, 2013
Seasonality of Business
30
Strong seasonality in Revenues and Margins due to diverse product offerings across quarters
Q1
Q2
Q3
Q4
Apr - Jun
Jul - Sep
Oct - Dec
Jan - Mar
21%-23%
20%-22%
24%-26%
32%-34%
Fees % Key Contributors to Fee Income
IX, X (PY and CY batches), XII + Test Prep (PY Sci. and Comm. batches)
IX, X (PY and CY batches), XI + Test Prep (CY Sci. and Comm. batches), XII + Test Prep (PY Sci. and Comm. batches)
IX, XI + Test Prep (CY Sci. and Comm. batches), XII + Test Prep (CY Sci. and Comm. batches)
X (CY batches), XII + Test Prep (CY Sci. and Comm. batches), Higher CA
Expenses being more or less fixed in nature are spread evenly across quarters
Accordingly, margins in Q2 and Q3 are significantly higher than Q1 and Q4
* PY Batches represents batches commenced in previous fiscal and completed in current fiscal. CY batches represents batches commenced in current fiscal and completed either in current fiscal or subsequent Fiscal/Fiscals. Large majority of CY batches begin start from Q2 onwards.
31
Division Wise Revenue - Consolidated
9m FY 12-13 FY 11-12
Revenue (INR in lakhs) 3,201 3,263
No. of Students Serviced*
12,933 14,524
Centres at period end 45 38
Scie
nce
9m FY 12-13 FY 11-12
Revenue (INR in lakhs) 2,352 2,639
No. of Students Serviced*
19,830 20,236
Centres at period end 41 37
Com
mer
ce
9m FY 12-13 FY 11-12
Revenue (INR in lakhs) 5,604 6,004
No. of Students Serviced*
32,880 31,774
Centres at period end 104 97
Scho
ol
*No. of Students Serviced represents students coached for a course during the period under consideration. While a student is included in the no. of students serviced from the start of the course, the corresponding revenue for that student is accrued evenly over the course duration. Thus, the revenue recognized for the student builds up as the financial year progresses which is reflected by the annual average fee realization per student being higher than the average fee realization for the interim periods. The average fee realization per student serviced for the period under consideration is not comparable with the average fee realization for the full year.
9m FY 12-13 FY 11-12
Revenue (INR in lakhs) 213 252
No. of Students Serviced*
1,819 1,483
Centres at period end 7 3
CPLC
Others consists of income from management fees, Dubai, Govt. Projects, Global Champs & Franchisee Income.
9m FY 12-13 FY 11-12
Revenue (INR in lakhs) 846 900 Oth
ers 9m FY 12-13 FY 11-12
Total Students Serviced 67,462 68,017
32
Key Balance Sheet Trends
(1,683)
(2,778) (2,994)
(2,623)
(3,038) (3,263)
(3,807) (3,870)
(4,899) (4,921)
(6,000)
(5,000)
(4,000)
(3,000)
(2,000)
(1,000)
- FY 08-09 FY 09-10 FY 10-11 FY 11-12 Q2 FY12-13
INR
in L
akhs
Net Current Assets (Excluding Cash & Cash Equivalents & Investments in Mutual Funds)
Advance Fees
Operating at negative working capital
Utilization of IPO Proceeds: Out of INR 3,500 lakhs raised via the Initial Public Offer (IPO), as of December 31, 2012 INR 2,878.59 lakhs have been utilized towards the objects of the issue.
Cash and Bank Balances: Cash and bank balances including fixed deposits and liquid / debt mutual funds –INR 4,774 lakhs, which is sufficient for fuelling future growth / expansion plans.
INR Mn FY09 FY10 FY11 FY12 Total Operating Income 732 832 1055 1306
Total Income 753 858 1076 1346
EBITDA 92 125 190 231
EBITDA Margins 13% 15% 18% 18%
Profit Before Tax 37 70 128 192
PBT Margin 5% 8% 12% 15%
PAT 26 52 83 132
PAT Margins 4% 6% 8% 10%
Networth 363 411 476 571
Growth Rate* 14% 13% 16% 20%
Capital Employed 413 411 521 571
RoE * 6% 13% 16% 23%
Historical Financials
33
Note: The financial statements of Financial year 2008-09 are not comparable with Financial year 2007-08 due to amalgamation of the Company, Mahesh Tutorials Private Limited (MTPL), Mahesh Tutorials Commerce Private Limited (MTCPL) and Mahesh Tutorials Science Private Limited (MTSPL). All the assets and liabilities of erstwhile MTPL, MTCPL, MTSPL stand transferred to and vested with the Company effective from April 1, 2008.
Shareholding Pattern as of December 31, 2012
35
Category % Share-holding
Promoter & Promoter Group 42.9
Directors/KMP 10.8
Mutual Funds / FI /FII / Banks 14.8
Bodies Corporate 7.0
Large / Small Individual Investors 24.5
Total 100.0
43%
11% 15%
7%
24%
Promoter & Promoter Group Companies
Directors/KMP
FII / FFI / FIs / Banks / MF
Bodies Corporate
Individuals
Thank You
38
Our Brands
Management Organisation Chart
39
MD
Business Head (Science)
Business Head (Commerce)
Business Head (PU College)
Business Head (New Ventures) CFO
Steering Committee (Science)
Steering Committee (Commerce)
Steering Committee (School)
Zonal / Regional Head
Centre Head
Centre Co-ordinator
Centre Administrator
Counselor
Sub-staff
Dubai Internet Based
Coaching
UVA, etc.