CL Educate & Vidya Mandir Classes (VMC) in strategic partnership to expand JEE & NEET footprint
New Delhi: CL Educate (NSE, BSE: CLEDUCATE), the early trendsetter in India’s test prep industry has entered into a strategic partnership with Vidya Mandir Classes (known popularly as VMC), the original leader in coaching for JEE for four decades. In the first phase, CL Educate will roll out both classroom and online premium programs of VMC across Mumbai, Pune and GCC (Dubai, Sharjah & Abu Dhabi). Through the partnership, CL and VMC are looking to increase their JEE/NEET student strength three-fold from current 25,000 in 3 years. CL Educate, a leader in multiple segments including management, law and UG-Aptitude looks at this alliance as a strong win-win to emerge a segment leader in the 50 lakh JEE/NEET/sciences segment.
Commenting on the partnership, Sujatha Kshirsagar, Chief Business Officer, Career Launcher said, “We believe CL-VMC alliance is the most capital efficient way to win in JEE/NEET, flagship segment of the Under-graduate space in India. High ARPU, low CAC, our omni-channel strengths and great VMC results legacy should enable us to emerge as leaders in this ultra-competitive space, jointly.”
In his comments, Abhishek S, Chief Business Officer, VMC said, “VMC has been the undisputed leader in JEE Test Prep student mindshare for 35+ years. Our name is synonymous with innovative initiatives that stem from StudentFIRST – our founding principle. Our recent successes in NEET prep, Online test prep and newer geographies have only strengthened our belief in that founding principal. We are confident the omnichannel network/online capabilities of CL combined with our legacy and high-quality academic capability will fuel exponential expansion across India over the next 3 years.”
About Vidya Mandir Classes (VMC): Vidyamandir Classes (VMC) is synonymous with success in IITJEE & NEET (entrance exam to get into VMC is a most sought-after event that signals launch of the new JEE preparation season for decades). At VMC the goal is to create an environment that not only guides students to the path of success but also inspires them to recognize and explore their own potential. That 1,00,000+ students appear annually for the VMC Test for the limited seats on offer is ample testimony to VMC’s popularity & credence among IIT-JEE & NEET
aspirants. All Courses are based on time tested teaching methodology perfected by VMC and which has produced unmatched results in IITJEE consistently in the past 34 years. VMC has 50 centers in 35 cities across India currently.