Chennai-headquartered education and placement company EdServ Softsystems today said it proposed to invest Rs 20 crore as part of its foray into the school education sector.
The group engaged in the academic and placement services has now forayed into the primary and secondary school education space, a company release here said.
As part of this initiative, the company would invest Rs 20 crore over the next six months in infrastructure development as well as in content procurement.
“While part of the expansion will be funded from internal accruals, the company plans to use the debt route to fund the remaining part of the investment”, it said.
EdServ would target around 50 private schools in Tamil Nadu and Andhra Pradesh to set up Edlabs in each of these schools which will be equipped with web enabled technology infrastructure.
The company expects to generate Rs 30 crore revenue in the first stage of the school expansion programme over the next 12 months, the release added.
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