Edserv Softsyst

 

Edserv Softsyst (ESL), formerly known as Lambent Softsystems, was incorporated in 2001 with a view to provide placement consulting, integrated learning & placement solutions and customised software solutions.

 

Its clients are from various verticals like retail, auto, manufacturing, healthcare, financial services and IT. ESL has three revenue segments: ELMAQ, IT training arm; Lambent, software services arm and Edserv, the training and placement arm (HEADS). ELMAQ, the IT training arm, started its business in 2004. It provides web-based learning in niche technologies. 

 

Lambent is the software services division of ESL providing staffing, ERP solutions and database maintenance services. Edserv, the training and placement arm — Humanware Education and Deployment System (HEADS). ESL derives its major revenue from the HEADS model in which a student, looking for a job, can register with Edserv and look for opportunities that will become available on its HEADS platform. Once the profile is accepted, he can choose the courses to enroll for. For this the student pays a fee — approximately 50 per cent of the expected one month salary from the same job. If the candidate is picked up by a company after a series of tests then it too will be charged one month's salary as fee.

 

The company currently, has 35 centres, which are franchised at a fee of Rs 3-4 lakh for three years. So, the company has to share the revenue with franchisees at the rate of 85 per cent of registration fee and 50 per cent course fee. Thus, it earns 15 per cent  of student registration fee, 50 per cent of course fee and 100 per cent of client fee (company). The cost to the company is typically course content development expense, which is one-time, advertising and staff.