MT Educare has agreed to acquire 51% stake in Lakshya Forum for Competitions, a leading North India IIT, Engineering and Medical Entrance teaching institute. The total consideration will be paid by MT Educare over a period of next 3 years and is dependent on certain milestones to be achieved by Lakshya. The agreement gives an option to MT Educare to buy 100% stake in Lakshya up to June 30, 2018.
Lakshya was started by four young IITians with an aim to make 'Learning more Interesting'. Today, Lakshya has grown to become one of the leading test prep institutes of entire North India, currently catering to over 2500 students, with faculty strength of 40 teachers of which 20 are IITians and Doctors.
MT Educare is one of the leading education support and coaching services provider in School, Science and Commerce streams across in Maharashtra and has operations in other states like Tamil Nadu, Karnataka and Gujarat.
