Edserv in pact to expand chartered accountancy coaching
Edserv Softsystems said on Tuesday it has entered into a partnership with CAClubIndia, which will help the education services company expand its chartered accountancy examination coaching to about 600,000 students.
Shares of the company, which the market values at $44.92 million, jumped as much as 6.3% to136.45 in a firm Mumbai market. At 11.18 am, shares were up 4.95% at134.70.
"This financial year alone we are targeting about30 crore," he said.
Edserv had forayed into the online chartered accountancy coaching segment through a 50:50 joint venture with Sreeram Coaching Point in January and expects the overall business to generate revenue of200 crore over two years.
The company is also focusing on launching chartered accountancy coaching services in West Asia and will continue to look at more such tie-ups and acquisitions, Giridharan said.
"Currently, we are also looking at tie-ups for entrance examinations such as TOEFL, GRE and CAT," he added.
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