Credit rating agency, CARE has reaffirmed BBB- rating to Birla Shloka Edutech’s long-term bank facilities worth Rs 36 crore. The rating agency has also reaffirmed A3 rating to the company’s short term bank facilities worth Rs 5 crore.
The company has received the said rating reaffirmation on the back of its established promoter group and proven track record of the company in selling educational and multimedia software, comfortable leverage and capital structure, high growth potential in the education services industry and strong order book position.
Birla Shloka Edutech is engaged in the business of providing IT and IT enabled solutions to schools and institutions under the Information & Communication Technology (ICT) projects.
