MT Educare Ltd
1.70
INR
-0.02
(-1.16%)
MT Educare Ltd
BSE:MTEDUCARE
(Bombay Stock Exchange)
Recent
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1.70
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- MT Educare Limited MT Educare Limited provides education support and coaching services to students in secondary and higher secondary schools, as well as those pursuing commerce graduation degrees, competitive examinations, and chartered accountancy courses; core offerings include offline coaching classes through brands such as Mahesh Tutorials, Lakshya for engineering and medical entrance exams like JEE Advanced, Robomate for digital revision lectures accessible on computers, smartphones, and tablets, Robomate+ for 24x7 online faculty support, Technology Aided Teaching methodologies, Interactive Networked Knowledge platforms for classes V to VIII targeting CBSE, ICSE, and state boards, pre-university college tie-ups in Karnataka, Lakshya Prep for classes IX to XII, and management consultancy via its Dubai branch for secondary curricula; operations span Maharashtra, Gujarat, Tamil Nadu, Karnataka, Uttar Pradesh, Northeast India, New Delhi, Gurgaon, and Dubai with approximately 55 centers, 823 faculty members, and historical service to over 12,000 students annually, primarily through direct centers, franchises, joint ventures like Study Mate with HT Education, and partnerships with local coaching classes in tier-III and tier-IV towns. Founded in 1988 by Mahesh Shetty as Mahesh Tutorials and incorporated as a public limited company in 2006 with headquarters in Mumbai, India, the company operates as a subsidiary of Zee Learn Limited, part of the Essel Group. Recent developments include Zee Learn Limited's acquisition of a controlling 44.53% stake for Rs 200 crore in 2017-18 via preferential allotment, launch of Lakshya Prep in 2018-19, full acquisition of Labh Ventures India Private Limited as a wholly owned subsidiary in 2018, focus on transitioning from online to offline classes with center reopenings and teacher recruitment in 2022-23, re-appointment of statutory auditors MGB & Co. LLP and new secretarial auditors Shravan Gupta & Associates at the 2025 AGM, alongside ongoing disclosures of debt defaults totaling INR 32.33 crore, invoked corporate guarantees, and corporate insolvency resolution process initiation in December 2022.