May 27, 2024

CL Educate acquires Knowledge Tree for accelerating business growth


Career Launcher, a part of CL Educate Ltd and one of India’s leading edtech and competitive test preparation platforms, today announced the acqui-hire of Knowledge Tree, a major CL business partner of the Delhi NCR region. Knowledge Tree (KT), founded and run by Deepak Madan and Jitin Arora, runs three of the NCR location centers in Gurugram and Faridabad. They now join and lead the CL Delhi-NCR team, focused on accelerating business growth through a blended/omnichannel model approach.

Deepak Madan, Director at Knowledge Tree stated: “This is a homecoming for us, with a greater responsibility to grow the business in the post-Covid-19 era”. 

Jitin Arora, Co-founder at Knowledge Tree added: “Our team is delighted at this integration as it offers faster and wider career growth for all our team members too.” Deepak and Jitin worked at Career Launcher as employees for a few years before taking up franchisee centers in Gurugram and Faridabad.

Sujatha Kshirsagar, President and Chief Business Officer, Career Launcher stated: “Our ground leadership gets hugely strengthened as Deepak and Jitin are test-prep industry veterans with over 20 years experience in the test prep industry, initially as employees and later as Business Partners. We are looking to double revenues in Delhi NCR through aggressive product and distribution expansion in the next 36 months.”

“Our consistent focus to maximize shareholder returns continues as we respond to the post-Covid-19 world through specific strategies and structures. We see ourselves on a very good trajectory for the next 36-48 months of undiluted execution focus. This is another step in that direction,” stated Nikhil Mahajan, Executive Director, Finance Group CEO, CL Educate.

Press Release received on Mail



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