Hotline: 1800 102 2007
X
Search Business Opportunities
2013-02-26

Pearson acquires whole of TutorVista

Pearson, the world’s leading learning company has announced the acquisition of the block of shares it does not already own in TutorVista, to complete 100 per cent ownership of the Bangalore-based learning services company.

Pearson, the world’s leading learning company has announced the acquisition of the block of shares it does not already own in TutorVista, to complete 100 per cent ownership of the Bangalore-based learning services company.   

In 2009, Pearson had acquired a minority stake in TutorVista, increasing its holding in 2011 to a controlling position of 80 per cent. 

TutorVista was founded in 2005 by Krishnan Ganesh, one of India’s best-known entrepreneurs, and today has 1,300 employees across online tutoring, school management, ICT and test prep and tuition. Mr. Ganesh and Meena Ganesh, who leads TutorVista’s domestic operations, will give up all management roles in the company they jointly founded.

Pearson has named Srikanth Iyer, a senior member of the existing management, as new CEO of TutorVista.

Pearson’s complete takeover of TutorVista forms part of a wider strategy of building significant education services businesses in fast-growing emerging markets.

TutorVista boasts an impressive delivery network for fast-growing education services such as school management, online tutoring, and technology based classroom solution for schools and test prep market. 

Related opportunities
  • Casual dine Restaurants
    About Us: Kake Da Hotel is a legendary family restaurant founded..
    Locations looking for expansion New Delhi
    Establishment year 1950
    Franchising Launch Date 2015
    Investment size Rs. 30lac - 50lac
    Space required 600 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater North Delhi New Delhi
  • About Us:   Investment Brand fee Space Staff Expected Monthly sal..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Cosmetics & Beauty Product Stores
    About Us: Vega Industries Private Limited, Launched in 2000, formerly known..
    Locations looking for expansion New Delhi
    Establishment year 2001
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Preschools
    About Us: NO REVENUE SHARING MODEL, LOW INVETSMENT AND RISK, HIGH..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts