IDFC Private Equity invested US$35 million for a 13% stake in 2006.
Company headquarters: India
Business focus: Education
Revenue: Grown four-fold since 2006
Students worldwide: 220,000
IMPACT highlights
- IDFCPE helped MUL bring in new talent in the company, including a new CEO and a new CFO
- Thanks to IDFCPE’s introduction to City & Guilds in London, MUL set up a successful joint venture with City & Guilds called India Skills
- In 2010, Premji Investments, the family office of one of India’s most respected corporate names, became the third institutional investor in MUL
- MUL’s revenues have grown four-fold since IDFCPE’s investment in 2006 and an IPO is expected in 2011