Company Research Report: Navneet Education Limited
Company Overview
Name:
Navneet Education Limited
Mission of the Company:
To provide students with the best quality supplementary study material and curriculum textbooks at an affordable price and to harness the power of Information Technology for enhancing learning through e-learning.
Founded:
1959
Founded by:
Gala Group
Key People:
- Chairman: Mr. Gnanesh D. Gala (Executive Director)
- Senior Management Personnel:
- Mr. Shailendra J. Gala
- Dr. Vijay B. Joshi (Non-Executive, Independent)
Headquarters:
Navneet Bhavan, Bhavani Shankar Road, Dadar (W), Mumbai – 400 028, India
Number of Employees:
Over 2600 employees
Revenue:
INR 108,071 Lakh (FY 2021-22)
Key Business Areas:
- Known for providing educational content in print and digital forms, including general books and children’s books.
- Manufacturing of stationery products.
Products
Educational Books:
- Navneet Digest:
- Description: Comprehensive study material for each subject and class, designed to be user-friendly and updated regularly.
- Key Features: Independent study material, ready reference, easy explanation, and updates based on syllabus changes.
- 21 Most Likely Question Sets:
- Description: Books targeted at students appearing for board exams, offering refined and structured question sets.
- Key Features: Skills development in writing answers, methods of studying efficiently, precise ways of presenting answers, and model answers to critical questions.
- Vikas Workbooks:
- Description: Workbooks aligned with Continuous Comprehensive Evaluation (CCE), providing a structured study companion.
- Key Features: Superior quality, nostalgic connection, detailed information on evaluation systems, and examination patterns.
Children's and General Books:
- Range Includes: Coloring books, storybooks, art, craft books, and general knowledge books covering various topics such as health, cookery, and English speaking skills.
- Grafalco Series:
- Description: Titles for Kindergarten to Primary and Secondary school sections.
- Key Features: Over 4000 schools prescribing these books, offered with nearly 150 titles.
Stationery Products:
- Brands: YOUVA, offering items such as notebooks, drawing books, pencils, color pencils, wax crayons, sharpeners, erasers, and more.
- Key Features: Dynamic and vibrant designs, educational aids, and inspiring creativity.
Recent Developments
Notable Acquisitions:
- Acquisition of Encyclopaedia Britannica (India) Pvt. Ltd.’s Indian curriculum division in December 2016 for CBSE textbooks, enhancing digital solutions and regional teaching support.
Financial Performance:
- Publication Growth in FY 2021-22: 26.09%
- Stationery Growth in FY 2021-22: 35.10%
- Overall Revenue Increase: From INR 80,297 Lakh to INR 108,071 Lakh (32.07% increase)
Corporate Initiatives:
- Navneet Foundation:
- Focus Areas: Education, Healthcare, Disaster Relief, Animal Welfare, and Affordable Housing.
- CSR Activities:
- Initiatives: Rainwater harvesting, green field plantation, energy-saving programs, and waste reduction initiatives.
Product Innovations:
- Navneet TopTech:
- Products: Digital solutions such as TopSchool (Learning Management System) and TopClass (eLearning solution), implementing interactive learning and modern educational methods.
- Corporate Governance:
- Framework: Transparency, accountability, and prudential management aimed at ensuring long-term success.
Partnerships and Collaborations:
- Expanded partnerships with educational stakeholders to integrate technology into learning environments.
