|Our Company was originally incorporated as a private limited company on July 10, 2006 under the name Tree House Education & Accessories Private Limited.
Pursuant to a special resolution of our shareholders in an EGM on December 13, 2010, our Company was converted to a public limited company and a fresh certificate of incorporation consequent to the change of status was granted on December 22, 2010 by the RoC.
One of our Promoters, Mrs. Geeta Bhatia, had been in the business of running nursery and pre-school education centres since 2003 and the business was being administered under proprietorship firm of M/s Tree House. In Fiscal 2007, the proprietorship firm was acquired by our Company through a slump sale agreement dated April 1, 2007 ('Slump Sale Agreement').
Major Events and Milestones
2007 Acquisition of proprietorship firm M/s Tree House.
2007 Launched first franchisee pre-school as a part of our expansion plans.
2008 Launched teacher training program.
2008 Received investment of Rs. 500 million* from Matrix Partners India Investment Holdings, LLC.
2008 Started providing educational services and infrastructure facilities to K-12 schools.
2008 Started day care centres under the name Muskaan.
2010 Received investment of Rs. 310 million and Rs. 90 million from FC VI India Venture (Mauritius) Limited and Matrix Partners Investment Holding, LLC, respectively.
2010 Conversion into a public limited company.
2011 Received investment of Rs. 42 million, Rs. 14 million and Rs. 133.62 million from Matrix Partners Investment Holding, LLC, FC VI India Venture (Mauritius) Limited and ON Mauritius respectively.