Updated on: Wednesday, February 24, 2010
Mumbai: As a part of its foray into higher education, Birla Edutech Limited, today said that it planned to open its first Super Speciality School in the city by academic year 2012.
"We plan to open a number of super speciality schools across the country. We are looking at 3 streams in the next five-years and the first such school will be opened by academic year 2012 in south Mumbai. The investment will be over Rs 100-crore per school depending on the size and location," Birla Edutech's CEO, Srikrishna, told PTI on the sidelines of a press conference.
Super Speciality School is the Group's venture into higher education from its present chain of conventional schools, Srikrishna said. The Yash Birla group company, which inked a Letter of Intent (LoI) with PanIIT Alumni India today, aims at exploring opportunities to carry out innovative projects of mass benefit in health care and renewable energy, besides the super speciality schools.
The company is looking at raising money through private equity to fuel its expansion plans, including the new projects under the LoI, the Group's Chairman, Yash Birla, said