SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Everonn plans Rs 150 cr capex

09 Aug 2011 Evaluate

Everonn Education Limited, a Chennai-based VSAT education network company, plans to invest around Rs 150 crore in the present fiscal. Besides, the company is also planning to foray into foreign countries including Africa during the present fiscal. The company would invest Rs 150 crore in iSchool and Instructional and Communication Technology (ICTs). The proposed investment will be funded mainly through debt.

The iSchool model is an initiative of the company which combines the orthodox system of learning with digitized content and tools to make learning interactive. Through ICT, the company acts as an education service provider for computer education, computer literacy, computer-aided learning education in government schools through turnkey projects on a BOOT model and teachers training projects. So far the company has signed up with 16 states, through the ICT business, to implement computer education in government schools. It may be noted, of the revenues of the company which stood at Rs 301.62 crore during year-ended March 31, 2011, 22 per cent were contributed by government projects.

The company has set a target to increase its topline by 50 per cent during the present fiscal. The company has reported a 43 per cent rise in its revenues in 2010-11. The company would look at entering SAARC countries and Africa and will join hands with local governments to provide content and technology. The company is targeting for 22 per cent of its revenues from outside India in the next two years. Recently the company forayed into countries in West Asia and South East Asia including Singapore and Philippians.crackcrack

Peers
Company Name CMP
Excelsoft Technologi 91.45
Aptech 92.33
NIIT 72.03
Compucom Software 14.22
Jetking Infotrain 127.50
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×