T.I.M.E. forays into Spoken English market

Triumphant Institute of Management Education Pvt Ltd (T.I.M.E.), a lead test-prep institute in India, has acquired a majority stake in Veta, Asia's largest academy for teaching spoken English for Rs 60 cr.

Veta, formerly known as Vivekananda Institute, was incorporated in 1981 and has more than 250 centres across India. It has trained more than 2.2 million people till date.

T.I.M.E., established in 1992, has 204 offices across India and currently offers a wide range of test preparation programmes, such as national and state level entrance exams like the CAT, MAT, IIT-JEE and AIEEE; international entrance exams like GMAT, GRE, IELTS and TOEFL; training programmes for CA CPT (Chartered Accountancy Common Proficiency Test); bank PO & clerical exams; GATE and CSAT.

Source: Ruchi Shrimali (Shiksha Team)