Ricoh India today announced its foray into the multimedia solutions for K12 School, with the launch of Ricoh IntelliClass. It is a state-of-the-art solution designed for Indian schools that offer modern multimedia classroom with world class content. It is a unique solution which includes comprehensive coverage of content across K12 segment.
Manoj Kumar, executive vice president and CEO Ricoh India said, "Education market in India is estimated to be USD 135 billion by 2020, of which the e-learning market alone will be USD 7 billion. We expect huge increase in student population, 200 million in K-12 and 90 million in private schools. Ricoh IntelliClass solution is capable of providing quality education to students by helping them in better concept formation, concept elaboration, and academic achievement. We wish to make learning more interactive and interesting and take it beyond textbooks and chalkboard. With the introduction of Ricoh IntelliClass solution, we are committed to provide best in class education to the students for brighter future."
Shares of the company gained Rs 10.85, or 3.88%, to settle at Rs 290.55. The total volume of shares traded was 231,647 at the BSE (Wednesday).