28 Feb, 09:34 - Indian

SENSEX 73739.96 (-1.17)

Nifty 50 22279.65 (-1.18)

Nifty Bank 48274.6 (-0.96)

Nifty IT 37756.6 (-3.06)

Nifty Midcap 100 47917.05 (-2.48)

Nifty Next 50 57626.55 (-1.94)

Nifty Pharma 19854.55 (-1.72)

Nifty Smallcap 100 14805.15 (-2.32)

28 Feb, 09:34 - Global

NIKKEI 225 36963.04 (-3.38)

HANG SENG 23171.69 (-2.30)

S&P 5880.25 (-0.14)

LOGIN HERE

flagNavneet Education Ltd

You are Here : Home > Markets > CompanyInformation > Company Background
BSE Code : 508989 | NSE Symbol : NAVNETEDUL | ISIN : INE060A01024 | Industry : Printing & Stationery |


Company History

Navneet Education Limited was formerly incorporated in the name of Navneet Publications (India) Limited in 1984. The name of the Company was changed from 'Navneet Publications (India) Limited' to 'Navneet Education Limited' effective from 27th August, 2013.

The Company is a leading manufacturer of Maharashtra and Gujarat State Board Publication books and Stationery Products. The Publishing segment consists of supplementary books such as workbooks, guides, and question banks which are based on the latest prescribed syllabus by State Education Boards under the brand name of Vikas' and Gala'. The stationery business consists of paper based and non paper-based stationery under the brand names Navneet' and Youva'.

The Company has a dominant market share of about 65% in western India. And, with a new range of supplementary books for students of CBSE and ICSE Boards, its educational products are now available across India. The products are sold under the Navneet, Vikas, Gala, Boss and 'Navneet Nxt' brand names. Today, Navneet, under its umbrella publishes various supplementary books for the state of Maharashtra and Gujarat, various textbooks / extra-curricular activity books under the brand 'Grafalco' and Textbooks for CBSE and ICSE segments under the brand 'Indiannica' whereas Various Digital products in the brand 'Top Scorer'. Navneet manufactures various scholastic stationery for Exports and Domestic markets. In Domestic markets, it sells under the brand 'Youva'.

Its portfolio of syllabus based Books includes high quality supplementary books like Digests (Guides), Workbooks and 21 Question Sets, most of which are published in four languages - English, Hindi, Marathi and Gujarati. The company has a dominant market share in Gujarat and Maharashtra.

The company also produces various titles in the Children and General books category, which are not based on syllabus, such as activity books for children, board books, story books, health related books, cookery books, mehendi & embroidery books, etc. The company enjoys leading position in premiere stationery markets in India, the Middle East, parts of Africa, U.S.A. and Europe.

During the year 1994-1995, the company completed a project at 'Daman' for manufacturing of paper stationery items. During the year 2000-2001, Navneet Edutainment Limited, the company's subsidiary, launched three e-learning modules 'Braininac', 'Answer Machine' and 'Top Scorer' on subscription basis.

During the year 2001-2003, the company's paper stationary division stepped up its distribution network and the company penetrated in 23 states across India. The company's Book publication division geographically expanded in the states of Madhya Pradesh and CBSE for educational book's segment. Navneet Edutainment Limited, the company's subsidiary, launched economically priced CD- Roms Series, for std. V111 to X students.

During the year 2003-2004, the company was awarded the Top Exported Awards for meritorious export performance in export of book publication, printing and printed material by Capexil.

During the year 2005-2006, Navneet Edutainment Limited, a wholly owned subsidiary amalgamated with the company with effect from January 20, 2006.

During the year 2006-2007, the company's paper division offered non- paper stationary products to the student community and it launched several products in this category. During the year 2007-2008, the company set up its wholly owned subsidiary namely Grafalco Ediciones S.L, which is engaged in the business of publishing children books in Spanish and other European languages.

In 2011, the Company ventured into direct education/School Management Business by taking a minority stake in a School Management Company in Andhra Pradesh. For academic year 2013-14, it had 55 SSC Board schools under the brand 'Gowtham Model School' in Andhra Pradesh. In 2013-14, the Company opened 'Orchids - the International school' in Bengaluru (Karnataka) & Mumbai (Maharashtra).

New Scholastic Stationery brand YOUVA launched in 2016. The Company acquired Indiannica Learning Pvt. Ltd. (Formerly known as Encyclopaedia Britannica (India) Pvt. Ltd.) making it Company's wholly owned subsidiary Company in December, 2016. The premium stationery products under the brand 'HQ' was introduced in 2017-18. It launched new EdTech products (Navneet DigiBook) in 2020.

The Company bought a 51.8% stake in Genext Students Pvt Ltd. - a Mumbai-based Edtech company in September, 2021. It further acquired a 14.29% stake in SFA Sporting Services (SFA) in December, 2021 through its wholly-owned subsidiary, Navneet Futuretech Limited.

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +