Private equity firm Blackstone had picked up 37.5 per cent stake in the firm in October last year for Rs 1,350 crore valuing the Delhi-based institution at over Rs 3,500 crore. This investment, the company said, will enable its future purchases for physical and digital expansion. The company will be crossing the mark of 200 physical classrooms this year and add around 20 more classrooms in FY21.
AESL is looking at reaching around 1,00,000 students through its digital programme dubbed Aakash Digital in the next two years from the current 20,000 students. The segment is seeing a strong growth of around 50 per cent year on year as compared to the overall growth of 22 per cent for the company. It is also planning to vertically adding PG entrance to fortify its core strength of test preparations.