Singapore-based Modern Montessori International Group (MMI) plans to expand aggressively pan-India via the franchise route, reports PTI.
The preschool chain believes India as one of the fastest growing pre-school markets."We are expanding fast in India. Our fastest mode of expansion in India is through franchising," Chairman and Chief Executive Officer, MMI, Dr T Chandroo told PTI.
"Almost every month we have two new franchisees who sign with us. Franchise is the fastest mode of entry into the Indian market," said Chandroo who brought the UK-origin MMI brand of pre-schooling to Singapore 25 years ago.
Currently, MMI has 20 centres in India out of its 100 units operational across three continents – Asia, Europe and Africa. Going forward with the expansion plans, he added: “We plan to expand in emerging markets, starting with Vietnam where our first pre-school is being established. 30 of these centres are in Singapore, making it one of the most popular options for building basic foundation of pre-school business.”
Apart from these, MMI also plans to spread its footprints in Cambodia, Myanmar and the Middle East region.Its global network currently includes pre-schools in South Africa, Kenya, Nigeria and Egypt.