The company also hopes to double its revenue over the next 3 years to around Rs 250 crore from the present Rs 116.5 crore in FY17.
Doha (Qatar) : Leading computer education firm Aptech, controlled by ace investor Rakesh Jhunjhunwala, is planning to more than double the number of its franchisees to around 2,500 from around 1,200 spanning 43 countries over the next three years.
With over three decades experience in the skilling and non-formal education space, Aptech is the largest non-formal education firm in the country with presence in 43 markets. The city-based company, which is clipping at 30-35 per cent in terms of revenue growth, now also hopes to double this over the next three years to around Rs 250 crore from the present Rs 116.5 crore in FY2016-17 on the back of the rising demand for media and entertainment content, which is “recession proof”.
“Currently, we have 900 franchisees and around 300 own offices in 43 countries mostly in English knowing Africa and the Middle East. We’ve lined up a plan to more than double this to around 2,500 over the next three years, mostly in overseas markers,” Aptech chief executive and managing director Anil Pant told PTI here during a media visit for its annual Carrer Quest graduation ceremony.
Pant, picked personally by Jhunjhunwala himself last July from TCS, with a mandate to sail the struggling company to safe shores, also has set a target of doubling the revenue to around Rs 250 crore and expects most of this revenue growth to come from its flagship media and entertainment verticals under the Arena Multimedia and the animation and VfX arm, the Maya Academy of Animation.
“With the way data is being consumed now, thanks to better affordability and speed, I am sure our growth will continue to come from the media and entertainment verticals,” he said.
