| The Company was incorporated in New Delhi as ÂCareer Launcher (India) Private Limited on April 25, 1996 under the Companies Act 1956, with the RoC. Pursuant to a resolution of the shareholders dated April 25, 2000, the Company was converted to a public limited company following which the name was changed to ÂCareer Launcher (India) LimitedÂ, and a fresh certificate of incorporation was issued by the RoC on June 17, 2000. Pursuant to a resolution of the shareholders dated February 28, 2011, the name was changed to ÂCL Educate LimitedÂ, and a fresh certificate of incorporation was issued by the RoC on March 18, 2011. the name was changed to enable the identification of the Company with the ÂCL brand. Major Events : 1996 -Incorporation of the Company -Acquisition of all assets and liabilities of The Career Launcher 2000 -Acquisition of intellectual property of KITS -Acquisition of business of Professionals Online Private Limited 2001 -Acquisition of business and intellectual property of Compassbox.com Global Solutions Limited -Acquisition of business of Paragon Classes 2004 -Acquisition of business of LST -Acquisition of business and intellectual property of ARC -Acquisition of business of Lohana Test Series 2006 -Opening of the first Indus World School -Invested in Career Launcher USA Inc. which became a subsidiary of the Company 2007 -Equity investment by GPE (India) Limited and Gaja Trustee Company Private Limited (as trustee for Gaja Capital India Fund ÂI) 2008 -Entered into vocational training segment through acquisition of Kestone 2011 -Entered into publication business and content development through acquisition of GKP 2012 -Discontinuation of Indus World School of Business 2013 -Divested from Career Launcher USA Inc. 2014 -Equity investment by Housing Development Finance Corporation Limited -Increased the equity shareholding in CLEIS 2015 -Acquisition of 51% stake in Accendere -CLEIS became a wholly owned Subsidiary of the Company. 2016 -CL launches free tool to facilitate students with B-School admissions. -Career Launcher organizes Career Junction 2016, a post college career fair. -CL Educate collaborates with White Glow Consulting to promote international education products. -CL Educate signs (MoU) with T-Hub Education to foster a collaborative environment for startups. 2017 -Career Launcher organized Career Junction 2017, a post college career fair. -CL Educate's completes 100% acquisition of Accendere. -ETEN & KD Campus join hands to offer SSC & Bank coaching. -IAN partners with CL's Worldwide Academia Industry Network (WAIN). 2018 -CL Educate and GD Goenka Group tie up to educate 40,000 youth across India. -Career Launcher launches Amazon Alexa-powered Vocab, GK, MBA & Law prep Skills. -Career Launcher announces the launch of Finance Upskilling courses In collaboration with BDO India. 2019 -Career Launcher to organize a workshop on Artificial intelligence, Machine Learning, and Future of Education. 2020 -CL Educate signs Memorandum of Understanding (MoU) with AICTE. 2021 -Career Launcher accelerates its Franchise Center expansion plans. -CL Educate releases new Machine Learning book and learning videos under Data School initiative. 2022 -The Company has issued Bonus Shares in the Ratio of 1:1. -Career Launcher signs up leading professor and M.Com graduate as MBA, CLAT and IPM test partner for Vasai Road-Mumbai. -Career Launcher signs up new partner for Tirupati for CAT and BANK/SSC. -Career Launcher signs up an education industry professional with MBA and PGDBM (Marketing) as CAT, CLAT, IPM and Bank/ SSC test prep partner in Muzaffarpur, Bihar. -CL bags an IIT-JEE training order worth INR 1.3 crores from Backward Class Welfare dept. Bengaluru. -CL signs up 25 new partner centres in JAS Quarter. |
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