Sundaram Multi Pap wins order for 8000 educational content licenses from Kotak Education Foundation; Stock jumps 5%

7 Jan 2022 , 10:58 AM

Sundaram Multi Pap Ltd has announced it has won an order for 8000 tablets with their proprietary educational content for KEF. From the time the COVID- 19 pandemic hit India and schools were shut, SundaramEclass has been working hard to find a solution to ensure continuity of education and mitigate the learning loss for students from schools. Approximate costing per tablet with educational content is around Rs10,000+Taxes amounting to a total project value of 80 million inr.

Approximate costing per tablet with educational content is around Rs10,000+Taxes amounting to a total project value of 90 million inr.

The Hon’ble Minister of Education, Government of Maharashtra, Prof. Varsha Gaikwad distributed tablets with curated academic content for class X students of Chhatrapati Shivaji Maharaj Vidyalaya, Dharavi supported by Kotak Education Foundation.

The educational survey findings indicate that there is a huge requirement of quality educational content along with offline/online solutions. The company aims at providing their custom solutions to more NGO and CSR partners across the country to ensure students keep learning, and there is no learning loss.

Last year, the company launched an online app Edzam, to cater to the online educational segment. On the industry standpoint, the company quotes, “There are an estimated 2 crore students in Maharashtra, and education is traditionally a priority for Indians.” With covid issues growing, and schools going under a lockdown the company aims at increased revenues from its educational software’s and content. Adding to this, every year the Maharashtra board exams hosts 16 lac students from 10th grade. Every student from this can avail services from Sundaram for their studies.

The future of educational technology in this country is very bright, and the company is at a very good growing trajectory.

At around 10:59 AM, Sundaram Multi Pap was trading at Rs5.20 apiece up by Rs0.24 or 4.84% on the BSE.