Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 13 2018

PE Frim Neev Fund backs Lucknow-based Mahendra Educational

The company operates close to 135 coaching units and 19 skill development centres. The coaching institutes operates under the Mahendra’s brand.

PE Frim Neev Fund backs Lucknow-based Mahendra Educational

Private equity firm Neev Fund has invested an undisclosed amount in Mahendra Educational Pvt. Ltd, the PE firm said.

Backed by State Bank of India and UK’s Department for International Development Neev Fund has invested Rs 50 crore ($7.7 million) in the Lucknow-based company.

Mahendra Educational helps job aspirants prepare for competitive examinations at both the central and state levels. It is also a training partner to National Skill Development Corporation and offers vocational courses.

The raised money will be used to set up skill development centres across eight states, including Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Odisha, Jharkhand, West Bengal and Chhattisgarh, according to the press note issued by Neev Fund.

Mahendra Educational managing director Naveen Kumar Jain said the company will deploy the capital in skill development centres and “significantly contribute to the sustainable development of these regions”.

Incorporated in 2008, the company is promoted by Jain and Shikha Jain. It operates close to 135 coaching units and 19 skill development centres. The coaching institutes operate under the Mahendra’s brand.

Economic Laws Practice was the legal adviser to Neev fund on this transaction.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: GenMart was established in 2018 by GenMart Genric Pvt...
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Borivali west Maharashtra
  • Air Cleaning Equipments
    JLSR Wellness Pvt Ltd is innovation and technology-based enterprise providing..
    Locations looking for expansion Andhra pradesh
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra pradesh
  • Grocery Stores
    The Meat Shop, the retail venture of Brewsworth Food Inc.,..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Others Food Service
    MAD & CO is the most recognized bubble tea brand..
    Locations looking for expansion Telangana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 50
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities