ALLEN is an educational powerhouse with an unmatched track record of success in the world’s most competitive college entrance exams and Olympics. ALLEN has a pan-India footprint with a growing presence in Middle East through 138 classroom centers in 46 cities, a team of highly dedicated and renowned teachers, and pedagogy honed over three decades. ALLEN’s partnership with Bodhi Tree Systems will further leverage the test prep offering and have a large-scale positive impact for millions of students in the test prep and K12 segments, using technology as main driver of value.
Bodhi Tree Systems is a newly formed platform between the founder and CEO of Lupa Systems James Murdoch and Uday Shankar, former chairman of The Walt Disney Company Asia Pacific and former chairman of Star and Disney India. Bodhi Tree Systems will leverage its founders’ shared track record of building iconic consumer companies to build ALLEN into a world-class digital education company of the future. Qatar Investment Authority (QIA), the sovereign fund of the State of Qataris an investor in Bodhi Tree Systems.
“Education is a critical consumer need, driven by its profoundly transformative impact on consumers’ lives and livelihoods,” Murdoch and Shankar said. “We believe education is on the cusp of a technology-driven renaissance that will fundamentally change the way education is delivered and increase its efficiency. ALLEN’s unparalleled success and scale provide the ideal foundation to build the digital education business of the future. We are excited to work with the Maheshwari family to create a results-driven digital education business that meets the aspirations of millions of learners and parents across India and beyond.”
Founded by Rajesh Maheshwari in 1988, ALLEN is india the most respected test prep brand that has created a positive transformational impact on over 2.5 million young lives since its inception. Engineering and medical entrance exam aspirants have benefited immensely from ALLEN’s high quality pedagogy, resulting in an unparalleled track record of selections in prestigious exams such as IIT JEE Mains & Advanced, NEET-UG , KVPY and the Olympiads.
Senior Director of ALLEN, Govind Maheshwarisaid, “Our decision to enter into this strategic partnership with Bodhi Tree is based on shared values and principles and an aligned vision of creating large-scale societal impact through education on a global scale.
“Since its inception, ALLEN has been focused on providing a high quality education to students to help them reach their highest potential and realize their career aspirations. In the process, we have helped create hundreds of thousands of doctors and engineers, who contribute to the construction India and society today. Our partnership with Bodhi Tree is an essential ingredient in furthering our mission to dramatically increase ALLEN’s reach and impact. We are very pleased and delighted that the Bodhi Tree team also sees the value of combining their expertise with our experience in education.”, Rajesh Maheshwari mentioned.
Director of ALLEN Naveen Maheshwari said: “ALLEN’s journey has been one of always giving back to society. ALLEN’s student-centered system of care has been his high point. We believe this partnership will only bring our pedagogy, our system of care and our values to a very large student community who have not been able to associate with ALLEN otherwise due to physical constraints.”
President-elect of the new Board, Brajesh Maheshwari mentioned further, “Most edtech products and services on the market currently do not meet the needs of a student. ‘ and ‘Technology’, will now come together to finally solve the problems of outcomes-based learning for millions of students in a technology-driven environment.”
Keshav Maheshwariof the second generation of the Maheshwari family, said, “Our partnership with Bodhi Tree will not only help us scale our Indian operations through technology, but also fuel our growth journey in the Middle East.”
The transaction is expected to close within three months and is subject to closing conditions and required approvals.
EY acted as exclusive financial advisor. Cyril Amarcand Mangaldas provided legal advice and documentary support to ALLEN. EY provided due diligence services to Bodhi Tree. AZB & Partners acted as legal advisors to Bodhi Tree.
ALLEN is india leading coaching institute for the preparation of JEE (Main + Advanced), JEE (Main), Pre-Medical (NEET-UG), Pre-Nurture & Career Foundation (Class VI to X, NTSE & Olympiads). Website: www.allen.ac.in
SOURCE ALLEN Career Institute