Moxsh Overseas Educon Ltd Company Summary

Moxsh Overseas Educon Ltd Summary

Moxsh Overseas Educon Limited was originally incorporated as a Private Limited Company under the name of Moxsh Overseas Educon Private Limited dated May 02, 2018 issued by the Registrar of Companies. The Company converted into a Public Limited Company at the Extra-Ordinary General Meeting held on August 09, 2022 and consequently upon conversion, name of the Company was changed to Moxsh Overseas Educon Limited vide a fresh Certificate of Incorporation dated August 25, 2022.The Company is engaged in providing counselling and guidance to the Indian as well as international students pursuing the higher education in foreign country and also the company has a tie-up with various foreign universities. The Company is also involved in providing online coaching for higher education.In order to tap this huge market, Company is operating in 3 different but highly complementing segments. While it started the journey by providing options to the students to become doctors, it is now coaching thousands of medical aspirants in 7 different countries including India. Further, it aims to launch Indias first chain of primary healthcare clinics with an innovation of Edu-Clinics operated by doctors. The Company has evolved as the sole provider of dual services of career counseling & advising medical aspirants to study medicine abroad under MOKSH brand along with preparation of students for their global medical license exams under MOKSH Academy brand by ed tech division. The medical education provided to the students in colleges is conceptual while the license exam leading to practice is based on the application of the theory. The ed-tech division provides global medical license preparation solution to students from medical colleges across India. MOKSH Academy division was launched in 2018 and has passed through this fire test and is poised to grow. MOKSH signed contracts with various universities and have launched the services to guide and place the students in EU countries for non-medical courses. The Company has well trained pool of counselors at its All India Counseling Center at Bhopal as well as at various branches across India. The digital marketing and SEO efforts at the Company lead to around 50,000 inquiries related with career counseling to study abroad for various courses. Apart from these, the Company has launched its own B2B global technology platform under the brand name of XERA. The applications from various agents from India, Dubai, and Qatar started in FY 2023 and added further to Srilanka, Germany making it a rare Indian company to go global. Accordingly, it has launched a 100% owned subsidiary namely Meduclinic Healthcare Private Limited which is creating edu-clinics under the brand name of Studium in various cities wherever a medical college exists. Each of these Studium consists of 3 sections namely, counseling, centrally connected digital classroom and a primary healthcare clinic to serve the patients. The company has 5 such centers of its own and signed 14 franchisee agreements with experienced doctors to open such centers.The Company launched an IPO by issuing upto 6,80,800 Equity Shares of Rs 10/- each by raising funds aggregating upto Rs. 10.42 Cr in December, 2022.