IEC Education Ltd

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BSE Code: 531840      

Business Profile
Business Profile
IEC Softwares (IECSOF), incorporated on Aug. 23, 1994, is engaged in computer education and training; software training, development and consultancy activities. Earlier known as India Education Centre, it got its present name on Jan. 19, 1998. The company is part of Gupta Enterprises, which has been imparting technical and vocational education including computer education and other allied activities in the field of computers since 1981 in the name of India Education Centre.

The ISO 9001 certified company operates under the business segments of K-12, providing primary and secondary education from kindergarten to class 12; professional colleges, providing technical education to engineering and technical students; franchise business, with distance learning modes through online training; and e-learning/virtual, offering educational tutoring through the internet with one-on-one teaching or virtual learning.

With diverse IT activities ranging from software development to consultancy, offshore and on-site development, training and turnkey solutions, the company plans overseas strategic alliances with a thrust on USA, UK , Poland and the Malaysian markets. It has a global presence with seven branches and over 275 franchisee centers in India and in countries like Nepal, Maldives, Singapore and Oman.

Major educational projects have been bagged and successfully completed with the client list including government schools of NCT, CEP-I and II, Gyanoday project in Madhya Pradesh, IEC Leasing and Capital Management, government schools and colleges of Rajasthan. IEC Leasing and Capital, a subsidiary of the company, is engaged in the leasing business. EC Dynamics, a wholly owned subsidiary in Singapore, has been set up to run and manage educational institutions.

The registered office is located at IEC House, M-92, Connaught Place, Opposite Super Bazaar, New Delhi-110001.

Financials
IEC Softwares registered a profit of Rs 12.29 million for the year ended March 2008.
It recorded a net sales of Rs 58.48 million for the year ended March 2008.
Total income was Rs 59.27 million for the year ended March 2008.

Recent Developments
03-JUN-08
On Mar. 18, 2008, the board of directors approved the proposal for acquisition and merger of VEF Information Systems, a company which provides educational and support services to certain private educational institutes in North India and provides engineering and management education to students at graduate and post-graduate levels.

10-MAR-08
On Mar. 10, 2008, on receiving the receipt of in-principal approval from the stock exchange and approval of shareholders, the board of directors issued and allotted 7 million convertible warrants at a price of Rs 30 each, convertible into an equal number of equity shares of Rs 10 each at a premium of Rs 20 within a period of 18 months, on preferential basis to the promoter as well as non promoter groups.

30-JAN-08
On Jan. 30, 2008, the shareholders approved the private placement of 7 million warrants, each warrant convertible into one equity share to the promoters and non promoter group at Rs 30 for an overall amount not exceeding Rs 210 million, including premium.

Future Plans
The Company is planning to diversify into the areas of call centers, back office operations, ..etc.

Other Information
Annual Reports for IEC Education Ltd
Annual Report YearDownload Annual ReportDownload Report Preview
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2007-08
2006-07
2005-06
2004-05
2003-04
2001-02
2000-01
1999-00
1998-99
1997-98

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