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Company Information

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CAREER POINT LTD.

30 September 2024 | 12:00

Industry >> Education - Coaching/Study Material/Others

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ISIN No INE521J01018 BSE Code / NSE Code 533260 / CAREERP Book Value (Rs.) 292.21 Face Value 10.00
Bookclosure 30/08/2024 52Week High 569 EPS 31.37 P/E 15.31
Market Cap. 873.44 Cr. 52Week Low 182 P/BV / Div Yield (%) 1.64 / 0.62 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was incorporated as public limited company on March 31, 2000, under the Companies Act.

The Promoter of our Company, Mr. Pramod Maheshwari has been in the business of tutoring for competitive entrance examinations since 1993 and the business was being administered under proprietorship firms of Mr.Pramod Maheshwari, Mr.Om Prakash Maheshwari and Mr.Nawal Kishore Maheshwari, our Promoters.

However, during Financial Year 2002, our Promoters started undertaking tutoring services via Franchisee Centres through our Company. Subsequently, from April 1, 2006 we also started providing tutoring services through Company Operated Training Centres.

Major Events and Milestones

The table below sets forth some of the major events in the history of our Company:

S. No.     Calendar Year                                                              Details

1.              2000                         Formation of our Company as a public limited company viz., Career Point
                                                  Infosystems Limited

2.              2002                         Launched franchisee learning centres as a part of our expansion plans

3.              2006                         Ventured into providing tutoring services through Company Operated Training
                                                  Centres

4.              2007                        Launched synchroEschool programme

5.              2007                        Investment by M/s Volrado Venture Partners

6.              2008                        Launched Career Point Knowledge Lab in Kota

7.              2008                        Test launch of "TechEdge" class

8.              2008                        Executed management cooperation agreement with Singhania University for
                                                 establishing university off campus

9.               2009                       Investment of Rs. 500 million  in our Company by FTPES, portfolio managed by
                                                 Franklin Templeton Asset Management (India) Private Limited.

10.             2009                      Executed management services agreement with the Gopi Bai Foundation Trust
                                                Kota (Raj.) for providing management services to Global Public School
 
11.              2010                     Executed MOU with Hughes Communications India Limited 12. 2010
                                               
12.              2010                     Investment of Rs. 100 million in our Company by Mr. Nadathur Srinivasa
                                                Raghvan, Partner for and on behalf of Kalpa Partners.

13.              2010                    Executed MOU with Gopi Bai Foundation Trust Kota (Raj.) for providing
                                               Education Consultancy and Management Services  for the proposed University at
                                               Alania, Kota, Rajasthan

14              2011                 Career Point Ltd  Signing of MOU with the Govt of Gujarat.

                   2011               Career Point Ltd Appointed Mr. Vishal Jain as Non Executive and Independent Director of the Company.

                    2011                  Career Point - Execution of ECAM Service Agreement for University in Himachal Pradesh

-Company has changed its name from Career Point Infosystems Ltd. to Career Point Ltd.                                                          
                                             

15               2012                   Career Point Ltd Appointed Mr. Mahesh Gupta as Additional Director (Non Executive & Independent Director) of the Company.

                    2012                   Company has incorporated a subsidiary company named as "GyanEduventure Private Limited".

2013

- Career Point signs an agreement with Edustar Foundation for school integrated program under its tutorial division in Tamilnadu.

- Career Point launches residential coaching and school campus `Career Point Gurukul'

- Career Point and Birla Education Trust, Pilani join hands together

- Career Point nation's leading education player, announced the launch of new advanced test-prep division for GATE (Graduate Aptitude Test in Engineering), IES (Indian Engineering Services) and PSU (Public Sector Undertakings) entrances.

2014

- Nation's Leading education player Career Point said that the release of its new e-Learning solution - 'Onlinepado.com' a choice to students for anytime, any topic and anyplace learning on any device by faculty of student's choice e-Learning through Onlinepado.com delivers a consistency in learning experience and a freedom to learn at own pace.

- Career Point signs an agreement with Ram Krishna Shiksha Samiti in Madhya Pradesh.

- Career Point Signed MOU with Govt. of Rajasthan for skill development Courses.

2015 - "Career Point and Techno India Group, West Bengal join hands together". -Career Point Ltd has incorporated a Joint Venture company (JV) in the name of "StudyBoard Education Private Limited" .

2016 - Career Point is partnered with NSDC for skill development - Career Point receives first tranche of Rupees 4.2 Crores from NSDC.

2017 -Career Point has signed six new agreements in tutorial division including 3 School Association Projects and 3 new Franchisee Centers at multiple locations. -Career Point inks MoU to acquire Plancess Edusolutions,

2023 -Career Point awarded an order valued Rs 6.19 Cr by NTPC Ltd.".