MT Educare Share price

Our Company was incorporated as MT Educare Private Limited on August 19 2006 at Mumbai as a private limitedcompany under the Companies Act. Consequent upon the conversion of our Company to a public limited companythe name of our Company was changed to MT Educare Limited and a fresh certificate of incorporation dated May18 2011 was issued by the Registrar of Companies Maharashtra.Our Company started its business operations in March 2007 by providing coaching services to IXth and Xth standardstudents preparing for the examinations conducted under the CBSE curriculum and conducting training classes inspoken English for persons working with various companies.From 1988 till 2007 the business of providing coaching services in the School Section and Science Section wasoperated through various partnership firms established by our Promoter Mahesh R. Shetty. The business ofproviding coaching services in the Commerce Section was commenced in 2003 and was operated throughpartnership firms till 2007. In 2007 the partnership firms providing coaching services in the Science Section andSchool Section were converted into two companies under the Companies Act and the business of the partnershipfirm which provided coaching services in the Commerce Section was taken over by a third company. In March2009 the three companies which operated the business of providing coaching services in the School SectionScience Section and the Commerce Section were amalgamated into our Company pursuant to a scheme ofamalgamation approved by the High Court of Bombay on August 5 2009. For further details of the scheme ofamalgamation please see the section "History and Corporate Structure - Summary of Key Agreements - KeyAgreements - The scheme of amalgamation amongst our Company Mahesh Tutorials Private Limited MaheshTutorials Science Private Limited and Mahesh Tutorials Commerce Private Limited" .Major events of our Company2007Investments by Helix Investments Company by subscription to 32800059 CompulsorilyConvertible Preference Shares for a subscription consideration of a ` 328000590(equivalent of USD 8 million)Centres opened in Karnataka2008Centres opened in Gujarat and Tamil NaduAcquisition of Scholar.s Learning Centre2009Amalgamation of Mahesh Tutorials Private Limited Mahesh Tutorials Commerce PrivateLimited and Mahesh Tutorials Science Private Limited into our CompanyLaunch of Technology Aided Teaching methodology2011Acquisition of Chitale.s Personalised Learning Private LimitedAcquisition of equity shares of MTESPL making MTESPL a wholly owned Subsidiary