Matrix Partners India invests INR 50 crores in MIPS Pvt. Ltd.
Mumbai, India –April 07, 2011 Matrix Partners India today announced that it has invested Rs. 50 crores as the sole investor in the first institutional round of funding of Maharana Infrastructure and Professional Services Private Limited (MIPS). MIPS is one of the largest service providers to higher education institutes in North India. With the completion of this financing, Amit Kapoor, Director, Matrix India, will join the board of MIPS. “I feel immense pleasure to introduce MIPS as a unique company in the country, which will provide a single point “education support system” to various established and up-and-coming educational organizations. MIPS provides curriculum support, marketing, HR consulting and infrastructure services to education institutes. The company aims to become the market leader in North and Central India.” said Shailendra Bhadauria, Chairman and Managing Director, Maharana Infrastructure and Professional Services Private Limited. "MIPS has an innovative business model to address the needs of the country’s fast growing education sector. It is well positioned to become a dominant player in India with its focus on providing state of the art facilities and high quality, job oriented training. We have been impressed by Shailendra Bhadauria’s passion and ambition to build a large organization. We look forward to being his partner in realizing his ambitions.” said Amit Kapoor, Director, Matrix India. About Maharana Infrastructure and Professional Services Private Limited: MIPS is an integrated service provider to various types of educational institutions, schools colleges and universities. The company’s success in the education sector has been stimulated by providing customized services to its core client, the MPGI group. Currently, the group is running 20 courses with 10 campuses with more than 10,000 students. The various courses offered under the MPGI umbrella include Engineering, Medical, Dental, Hospital, Pharmacy, Mass Communication, Information Technology, K-12 and Pre-school. MPGI is launching a Private University at Jaipur “Pratap University” from the upcoming July 2011 Academic Year. The Multi–disciplinary University is coming up on a sprawling campus of more than 100 acres and will be equipped with the most modern teachings aids & infrastructure to cater to its students by offering degrees in field of Technical, Dental, Medical & Professional Education. About Matrix Partners India: Matrix Partners India is an investment firm with Rs. 1,500 crores under management. The firm invests in companies targeting the Indian domestic market with a sector independent investment strategy focused on generating exceptional returns. The firm invests up to Rs. 125 crores in a company depending on its stage of development and has invested in several companies including Muthoot Finance (largest Gold Loan NBFC), BSFL/BASIX (leading Microfinance Institution), FIITJEE (largest engineering test Preparation Company), Itzcash Card (leading prepaid card), Center for Sight (eye care chain), Siesta Hospitality (corporate serviced apartments) and TreeHouse (preschool and K-12 schools) among others. Matrix Partners has a global network of funds investing in the US, China and India with $2 billion under management. Further information is available at www.matrixpartners.in
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