Education solutions provider Extramarks to invest 500 cr

Digital education solutions provider Extramarks Education India will invest more than ` 500 crore over the next two years locally and in overseas operations with the company finalising a joint roll-out plan with a global data services provider.

“We plan to invest over ` 500 crore in expanding our operations both in India and other locations across South Africa, West Asia, Singapore and Malaysia,” Atul Kulshrestha, CMD, Extra marks, told Hindustan Times.

T he company, i n which Mukesh Ambani-led Reliance Industries Ltd holds 38.5% stake, is expected to announce a new digital learning solu- tion for schools in collaboration with a global information technology and data analytics major.

The company is also learnt to be finalising an app-driven solution with a leading Androidbased mobile handset manufacturer as part of its broader plans to offer a wider bouquet of digital learning solutions.

Extramarks, a new age digital learning company, focuses on providing best of global pedagogy and technology to create an engaging child- centric, teachinglearning environment, and make learning easy and effective in classrooms and at home.

The company, which employs about 1,300 people on its direct roll and another 2,000 on a contractual basis, is present in South Africa, West Asia and South East Asia besides India.