Introduction

HOW IT BEGAN

Mahesh Tutorials started with humble beginnings with a mission to revolutionize education and transform young lives. With a small classroom in Mulund and some students of class 9th and 10th, Mahesh Tutorials’ teachers made an impact on the way teaching is done and results are achieved. The students started recommending Mahesh Tutorials to everyone because they had found the teaching innovative and result oriented.

INITIAL GROWTH

As the journey gained momentum, like-minded teaching professionals started joining Mahesh Tutorials as partners and the movement became a household name.

Mahesh Tutorials introduced coaching for science stream class 11th and 12th in 2001. At this time they also started training for medical and engineering entrance exams.

In 2003, Commerce Streams for 11th and 12th standards along with coaching for B.Com were introduced.

In 2006, Mahesh Tutorials started Chartered Accountancy (CA) Coaching.

By now, we had grown to 26 branches across Mumbai, with a revenue of Rs. 40 crore.

Key Highlights

NO. OF CENTERS: 26 | REVENUE: Rs. 40 crore | INTRODUCED Science & Commerce coaching

BRICK ‘N’ MORTAR

MT Educare, the holding company of Mahesh Tutorials started expanding its footprint around this time. The company got its first funding in 2007 from a US based private equity investor.

MT Educare took its first steps towards adopting technology in the classroom. We introduced Technology-Aided-Teaching (T-A-T), an Audio-Visual aided teaching and evaluation system to promote student focus and engagement in the classroom.

The company expanded to 150+ branches, with 50,000+ students enrolling every year. The expansion was a well thought-through and planned process, which created a platform for scalable growth.

The company now had a turnover of Rs. 83 crores in 2010.

Key Highlights

NO. OF CENTERS : 150+ | REVENUE : Rs. 83 crore | NO OF STUDENTS : 50,000+ | Helix Investments funding to MT Educare-US $8 mn.

IPO & ACQUISITION

The company had now grown into an education giant, with a wide reach across India. Mahesh Tutorials was now established as the place to go for coaching in the city of Mumbai and enjoyed excellent brand equity in several locations across India.

A Corporate Office had to be established in Mumbai to oversee the vast business operations and support the various support functions needed by the ever expanding company.

In 2012, MT Educare was successfully listed on BSE & NSE. In the same year, the company acquired 51% stake in Lakshya Forum for Competitions Private Limited, a firm with expertise in IIT coaching and expanded to Punjab, Haryana & Chandigarh.

Key Highlights

NO. OF CENTERS: 207 | REVENUE: Rs. 130 crore | NO OF STUDENTS: 70,000+

DIGITAL LEAP

The company was already in expansion mode and recognized the need to digitize content. The idea was to help existing students revise lessons and at the same time reach students where being physically present was not possible. Professional recording studios were set up to record lectures of expert faculty across all streams (Std. 8th to 10th - ICSE, CBSE & Mah. State Board, 11th & 12th Science and Commerce, IIT JEE, NEET, CA etc.).

Using the new Learning Management System (LMS), the company introduced its Flipped Classroom model in 2015. With this system the company had also officially forayed into the highly evolved e-learning solution market. The product was branded as ROBOMATE.

In its 25th year of existence, MT Educare was awarded as one of the 'Top 200 Forbes Asia Best under a Billion' Company. Forbes Asia's "Best under a Billion" list highlights 200 of the best small and mid-sized listed companies in Asia Pacific with an annual revenue under $1 billion.

Today, MT Educare is a national player with a multi-state presence and a diverse product portfolio, standing a class apart thanks to its technology-enabled business processes, digital content delivery and 24 x 7 online support for the courses offered.

Key Highlights

NO. OF CENTERS: 210 | REVENUE: Rs. 227 crore | NO OF STUDENTS: 82,000+