Navneet Education acquires Britannica’s Indian curriculum business

NEW DELHI: Navneet Education Ltd has announced that is acquiring Britannica’s Indian curriculum business. Britannica India’s Curriculum Division designs and develops educational products for the Indian region for students across India and Indian schools abroad.

Under the partnership, Britannica's curriculum business will expand its products range and further accelerate its growth. The current Britannica business unit will become an independent company within Navneet.

The company will market Britannica’s existing India-specific curriculum titles, such, ‘Know for Sure’ and ‘The English Channel’ as well as develop new titles under Britannica’s brand, editorial supervision and guidelines for seven years.

The company led by its current chief executive Sarveshwar Shrivastava together with the entire team, both companies said, will benefit from its new parent company’s knowledge of the Indian educational and publishing markets.

Chicago-headquartered Britannica Inc. will continue to offer in the region its award-winning digital education solutions.

Navneet is looking to invest Rs 85-90 crore for this business.

Navneet, founded by the Gala Family in 1959, is a educational syllabus-based content providers in print and digital media, manufacturer of scholastic paper and non-paper stationery products.