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Lighthouse Learning

From Wikipedia - Reading time: 6 min

Lighthouse Learning
FormerlyEuroKids International
Company typePrivate
IndustryEducation
Founded2001; 23 years ago (2001) in Mumbai, India
FounderPrajodh Rajan
Vikas Phadnis
Headquarters
Mumbai
,
India
Area served
India, Nepal, Bangladesh and the Middle East
BrandsEuroKids Preschools
Kangaroo Kids International Preschools
Billabong High International Schools
EuroSchool International
Centre Point Schools Nagpur
Mother's Pet Kindergarten
RevenueIncrease₹450 crore (2019 [1])
OwnerKKR (90%)[1]
WebsiteOfficial website

Lighthouse Learning (formerly known as EuroKids International Group) is a group of private educational institutions in India which runs a chain of schools and pre-schools with EuroKids, Kangaroo Kids, EuroSchool, Billabong High International School and Centre Point Group of Schools.[1] It runs 1,200 pre-schools and 44 K-12 schools in India, Nepal, Bangladesh and the Middle East.[2] It was founded in 2001. A variety of private equity firms including KKR, Partners Group have had or have stake in the company.[1]

History

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The company was founded as EuroKids International in 2001 by Prajodh Rajan and Vikas Phadnis. It entered the K12 segment with a series of EuroSchools in 2009.[3] In 2013, its 50% stake was acquired by Gaja Capital along with its Swiss investor Partners Group,[4] later increasing their shareholding in the company to 75% as the company acquired Kangaroo Kids and Billabong International High Schools franchises in 2017 to expand its business.[1][5] In November 2019, its 90% stake was acquired by US-based Private equity firm KKR for ₹1,475 crore (US$177 million),[6] making it one of the largest foreign investments in India's educational sector.[7] The company was renamed Lighthouse Learning from EuroKids Group in 2021.[8]

The company has appointed Ibibo founder Ashish Kashyap,[9] educationist Indu Shahani[10] and Retailers Association of India chairman Bijou Kurien[11] to its board in 2021. In May 2021, it acquired Nagpur-based Centre Point Group of Schools (CPS). However, the company did not disclose the extent of dilution in holdings of the CPS Group.[2] In September 2021, the company launched its first edition of Educator's Impact Awards on Teacher's Day.[12]

Operations

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The company owns and operates preschool brands like EuroKids Preschool, Kangaroo Kids Pre-schools, Mother's Pet and K12 schools - EuroSchool International, Billabong High International School,[5] Centre Point School in Nagpur serving more than 1,50,000 students[13][6] Kangaroo Kids has a network of 110 pre-schools, while Billabong High International School has a network of 35 schools, as of 2020.[7] Billabong High International Schools, which offers the Indian Certificate of Secondary Education (ICSE), International General Certificate of Secondary Education (IGCSE) and Central Board of Secondary Education (CBSE) boards, from pre-school through Grade 12, has its presence in Qatar, Dubai, Maldives and Saudi Arabia. The group operates and manages its own pre-schools and schools and also operates through the franchise model across India.[5][7]

Chains of schools

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  • Billabong High International Schools
  • Kangaroo Kids International Pre-schools
  • EuroKids Pre-schools
  • EuroSchool Internationals
  • Centre Point Group of Schools

Financials

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The group reported revenue of ₹350 crore in FY2018 and in FY2019, its revenue was ₹450 crore. It has been growing around 22% per year.[1]

Awards and recognition

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  • In January 2020, the company was awarded the Best Online Children's Learning Award at the Education Innovation Awards under a pre-school category by Entrepreneur India and Franchise India.[14]
  • It was named the Most Trusted Brand in the education category as per the TRA's Brand Trust Report 2020.[15]
  • It was named Education Company of the Year by the VCCircle in 2020.[16]
  • It won the Leading Preschool Chain (National)' and 'Innovation in Curriculum in Early Childhood Development' Award at World Education Award 2019.[17]
  • The company was awarded as the 'Best Education Brand of 2018: Pre-School & Nursery Category' by The Economic Times. The award was bestowed by Maharshtra's Minister of Education, Vinod Tawde.[18]
  • The company was awarded the 'Pre-School Franchisor of The Year' in the Business World Education's 'Top Education Brands In India' list 2017.[19]
  • In 2016, it won the Indian Education Awards 2016 under the category Innovation in Early Learning at the Indian Education Congress Awards 2016.[20]

References

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  1. ^ a b c d e f Lall, Pavan (14 August 2019). "PE firm KKR enters education sector in India, buys 90% stake in EuroKids". Business Standard.
  2. ^ a b Choudhari, Abhishek (25 May 2021). "Nagpur's Centre Point school group partners with Lighthouse Learning". The Times of India.
  3. ^ "EuroKids- Setting Precedents for Preschool Education During COVID-19". K12 Digest. 30 June 2020.
  4. ^ Dutta, Diksha (18 July 2013). "Gaja Capital-led investor consortium raising stake in EuroKids with further $8.3M deal". VCCircle.
  5. ^ a b c Balakrishnan, Reghu (13 September 2018). "Gaja Capital puts preschool chain EuroKids on the block". The Economic Times.
  6. ^ a b "KKR buys 90% of EuroKids in Rs 1,475 crore deal". The Times of India. 6 September 2019.
  7. ^ a b c Gupta, Arbind (29 August 2020). "Kangaroo Kids takes a fresh guard". Business India.
  8. ^ "EuroKids Group unveils its new identity". The Economic Times. 4 June 2021.
  9. ^ Sarkar, Brinda (19 April 2021). "EuroKids Group appoints Ashish Kashyap to its board". The Economic Times.
  10. ^ "EuroKids International appoints Dr Indu Shahani to its board". The Economic Times. 8 March 2021.
  11. ^ Sarkar, Brinda (23 February 2021). "EuroKids appoints retail veteran Bijou Kurien to its board". The Economic Times.
  12. ^ "Lighthouse Learning Launches Educator's Impact Awards". BW Education. BusinessWorld. 8 September 2021.
  13. ^ "EuroSchool Mumbai Students Excel Again!". Indiaeducationdiary. 13 July 2021.
  14. ^ "EuroKids International Awarded As The 'Best Online Children's Learning At Education Innovation Awards 2022". India Education Diary. 28 January 2022.
  15. ^ "EuroKids International emerges as the Most Trusted Brand in the Education category in TRA's Brand Trust Report (BTR) 2020". Higher Education Digest. 4 December 2020.
  16. ^ "EuroKids, SBI Life, Urban Ladder, A91, AZB, Brookfield among winners of VCCircle Awards". VCCircle. 27 February 2020.
  17. ^ "EuroKids International wins big at World Education Awards 2019". The Hans India. 3 December 2019.
  18. ^ "EuroKids Presented With 'The Best Education Brand' At ET Best Education Brands Awards 2018". India Education Diary. 24 April 2020.
  19. ^ "EuroKids wins Pre-School Franchisor of the Year award". EducationWorld. 13 November 2017.
  20. ^ "EuroKids International wins award". The Times of India. 2 June 2016.
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