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DMC Education Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 5ISIN Demat: INE585D01024
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Business Profile
DMC International (DMCINTER) is a real estate company. It was incorporated in 1985 and got its current name on Dec. 08, 2006.

The company focuses on eco-friendly real estate development in tier II and tier III cities. It is involved in the development of mini townships, group housing, multiplexes, malls, schools, recreation centers, and other projects. Currently, the company has housing projects like DMC Eden Gardens in Alwar and DMC Green Park in Bhiwadi; plot development at DMC South City in Behror. It has a tie-up with Konichiva, a NRI group from the UK, to identify, acquire and develop land for their projects.

The company has real estate projects for developing 5 million sq. ft. of integrated townships, residential group housing and other residential real estate projects and 2 million sq. ft. of commercial realty projects like multiplexes and IT towers valued at over INR 5,000 million in hand. It has joint venture agreements with SADM Technology, New Delhi for developing approximately 200,000 sq. ft with an IT tower in Haryana and with Heena Developers, a Delhi-based real estate company to develop and market a NRI colony of approximately 35,000 sq. yards in Rajasthan.

Apart from real estate, the company is into the business of extraction and production of bio-fuel through the plantation of jatropha. It has identified 1,000 hectares of waste land in consultation with the Orissa State Government. The Madhya Pradesh state government has agreed to allot 1,000 hectares of waste land to the company for Jatropha plantation.

The registered office is located at F-25, Lajpat Nagar-I, New Delhi-110024.

The company announced fall of 11.98% in standalone net profit on y-o-y basis to Rs 7.20 million, while total income rose 26.38% y-o-y basis to Rs 38.56 million for the quarter ended December 2010.

Recent Developments
DMC Education has announced that the company has entered into a Share Subscription Cum Share Holders` Agreement for the acquisition of 51% shareholding of Lifelong Finishing Academy, a Delhi based Training Institute engaged in imparting training & education in the field of personal grooming, art of cooking, holistic living, etiquette, home & financial management for a cash consideration of Rs 10 million.

DMC Education has entered into a debenture subscription agreement with D.B.Corp for issue and allotment, subject to necessary statutory approval, 1(one) zero percentage fully convertible debentures of the company having a par value of Rs. 2,67,00,000/-, compulsorily convertible into equity shares with a face value of Rs. 5/- each at the end of 1(one) year from the date of allotment amounting to 26.7 million.

DMC Education today announced that its board has decided to acquire leading Kolkata based education management consultancy firm Plansteps for a total consideration of Rs 45 million.

DMC Education announced that its Board of Directors have approved the proposed investment of Rs 26.70 million in Zero (0) % fully convertible debentures of the company by Brand Equity Treaty, a Times of India Group Company.

DMC International announced that it has entered into a debenture subscription agreement with MT Media.The company will issue and allot 150,000 zero % Fully convertible Debenture of Rs 10 each, compulsorily convertible into Equity Shares with a face value of Rs 5 each at the end of 12 months from the date of allotment amount to Rs 15 million.

DMC International, a New Delhi-based company, is acquiring Vsoft Services for around Rs 150 million. Vsoft Services is a 14-year old software developing firm in Mumbai, and is engaged in the development of Indian bilingual software.

DMC International has appointed Gaurav Mittal as chief executive officer (CEO) for education division of the company.

DMC International has entered into a strategic partnership with Quest Tutorials, one of the prominent IIT-JEE Preparatory Institutes of India.

In Brief

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