Set up in 1987, it is India's second-largest education services provider. It operates in two broad verticals: ICT — mainly catering to computer education needs in public schools under the BOOT model; it develops and provides software educational content and technology services to private schools, colleges and corporate entities through satellite linkages in the virtual and technology-enabled learning systems (ViTELs). Although the company is strengthening its ICT position, it is the ViTELs' business that has gained significant scale — its contribution to overall revenues is 68 per cent in FY09, as against 32 per cent in FY07.
There are many smaller businesses as well, where Everonn has interests like coaching classes for IIT-JEE examinations, school management services and testing partnerships with institutions like Education Testing Services (ETS) that administers the TOEFL test worldwide.
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