MT Educare has entered into shareholders agreement with ’Lakshya’ and its shareholders on April 01, 2013 with respect to acquire 51% stake in Lakshya Forum for Competitions, a leading North India based IIT Entrance teaching institute.
Further, Lakshya holds 10% stake in Lakshya Educare, a subsidiary of MT Educare, a special purpose vehicle (SPV) created for the purpose of launching JEE advanced coaching services in Mumbai and rest of India. The company holds 90% stake in this SPV.
MT Educare provides educational coaching services for classes 9 and 10 (state boards, CBSE and ICSE), classes 11 and 12, graduation (commerce), preparatory/entrance tests (engineering, medical and MBA) and professional courses such as chartered accountancy under the brand name ‘Mahesh Tutorials’.
