ILFS Schoolnet Renamed

Pune, Aug 29: | Updated: Aug 30 2003, 05:30am hrs
ILFS has rechristened its education and training business as ILFS Education and Technology Services Ltd. This business was earlier called Schoolnet. While the school focused initiatives will continue to be called Schoolnet, the company has got into training and education that goes beyond the school level which called for a change, Umashankar Vishvanath, CEO, retail education programs, IL&FSETS said.

Schoolnet, retail education, insurance training and technology services group will be the four divisions of IL&FSETS. The insurance training division is now being called ILFS Financial and Insurance Analysts.

The five-year-old company, promoted by ILFS, HDFC and Orix Financial Services, had a turnover of Rs 50 crore during 2002-03 and expects to grow by 30 to 35 per cent growth, Mr Vishvanath said.

IL&FSETS retail education division on Friday launched Job Plus in the Pune market. Job Plus is a product aimed at bridging the gap that exists between the skills of the students who are on the verge of stepping into the world of work and the expectations of prospective employers in the job market.

Job Plus program addresses the problems of young job seekers through a 10 day session of two hours each. It enables students to choose a career path that suits their core interest and needs. We hope to train 10,000 students this year, Mr Vishwanath said. Another new area we are looking is online tutorial for the IIT entrance exams, Mr Vishvanath added.

The Job Plus prorgramme uses career guidance learning systems developed by Mumbai-based Illumine Knowledge Resources, a learning sciences research company. Job Plus is being launched in eight cities where IL&FSETS has a presence through local partnerships. Focus Foundation has been appointed as the partner for Pune.