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Company Information

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CL EDUCATE LTD.

21 November 2024 | 12:00

Industry >> Education - Coaching/Study Material/Others

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ISIN No INE201M01029 BSE Code / NSE Code 540403 / CLEDUCATE Book Value (Rs.) 51.87 Face Value 5.00
Bookclosure 17/09/2024 52Week High 133 EPS 2.79 P/E 38.43
Market Cap. 579.66 Cr. 52Week Low 64 P/BV / Div Yield (%) 2.07 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
The Company was incorporated in New Delhi as `Career Launcher (India) Private Limited' on April 25, 1996 under the Companies Act 1956, with the RoC. Pursuant to a resolution of the shareholders dated April 25, 2000, the Company was converted to a public limited company following which the name was changed to `Career Launcher (India) Limited', and a fresh certificate of incorporation was issued by the RoC on June 17, 2000. Pursuant to a resolution of the shareholders dated February 28, 2011, the name was changed to `CL Educate Limited', and a fresh certificate of incorporation was issued by the RoC on March 18, 2011. the name was changed to enable the identification of the Company with the "CL" brand.

Major Events :

1996

-Incorporation of the Company

-Acquisition of all assets and liabilities of The Career Launcher

2000

-Acquisition of intellectual property of KITS

-Acquisition of business of Professionals Online Private Limited

2001

-Acquisition of business and intellectual property of Compassbox.com Global Solutions Limited

-Acquisition of business of Paragon Classes

2004

-Acquisition of business of LST

-Acquisition of business and intellectual property of ARC

-Acquisition of business of Lohana Test Series

2006

-Opening of the first Indus World School

-Invested in Career Launcher USA Inc. which became a subsidiary of the Company

2007

-Equity investment by GPE (India) Limited and Gaja Trustee Company Private Limited (as trustee for Gaja Capital India Fund -I)

2008

-Entered into vocational training segment through acquisition of Kestone

2011

-Entered into publication business and content development through acquisition of GKP

2012

-Discontinuation of Indus World School of Business

2013

-Divested from Career Launcher USA Inc.

2014

-Equity investment by Housing Development Finance Corporation Limited

-Increased the equity shareholding in CLEIS

2015

-Acquisition of 51% stake in Accendere

-CLEIS became a wholly owned Subsidiary of the Company.

2016 -CL launches free tool to facilitate students with B-School admissions. -Career Launcher organizes Career Junction 2016, a post college career fair. -CL Educate collaborates with White Glow Consulting to promote international education products. -CL Educate signs (MoU) with T-Hub Education to foster a collaborative environment for startups.

2017 -Career Launcher organized Career Junction 2017, a post college career fair. -CL Educate's completes 100% acquisition of Accendere. -ETEN & KD Campus join hands to offer SSC & Bank coaching. -IAN partners with CL's Worldwide Academia Industry Network (WAIN).

2018 -CL Educate and GD Goenka Group tie up to educate 40,000 youth across India. -Career Launcher launches Amazon Alexa-powered Vocab, GK, MBA & Law prep Skills. -Career Launcher announces the launch of Finance Upskilling courses In collaboration with BDO India.

2019 -Career Launcher to organize a workshop on Artificial intelligence, Machine Learning, and Future of Education.

2020 -CL Educate signs Memorandum of Understanding (MoU) with AICTE.

2021 -Career Launcher accelerates its Franchise Center expansion plans. -CL Educate releases new Machine Learning book and learning videos under Data School initiative.

2022 -The Company has issued Bonus Shares in the Ratio of 1:1. -Career Launcher signs up leading professor and M.Com graduate as MBA, CLAT and IPM test partner for Vasai Road-Mumbai. -Career Launcher signs up new partner for Tirupati for CAT and BANK/SSC. -Career Launcher signs up an education industry professional with MBA and PGDBM (Marketing) as CAT, CLAT, IPM and Bank/ SSC test prep partner in Muzaffarpur, Bihar. -CL bags an IIT-JEE training order worth INR 1.3 crores from Backward Class Welfare dept. Bengaluru. -CL signs up 25 new partner centres in JAS Quarter.