Aptech to expand overseas business

KOLKATA: Learning solutions company, Aptech Ltd has identified 100 cities in emerging markets for its overseas foray as it plans to shore up its international business from 35% of total retail business to 50% by 2015, said CEO and managing director Ninad Karpe here on Tuesday.

The Mumbai-based company wants to enter all markets which have a population of more than one million people in Asia, Africa and Latin America. At present, the retail business accounts for 75% of Aptech’s total revenues of . 190 crore, which includes the subsidiaries.

“The emerging markets which we have identified have a huge gap between formal education and employability, an area which we want to plug. The scope exists much beyond IT and multimedia training,” said Karpe. Aptech is changing its business model to become a global career education company in the long run. “Whatever new course we may start, it will be devised in a way that there is requirement for it beyond India , in emerging markets like Vietnam and Nigeria. We are looking at multiple options like alliances for our overseas expansion,” said Karpe.