Pearson Plc, which recently bought a controlling stake of Indian education company TutorVista, wants to shed public perception of a publishing firm and establish itself more as an education service provider. Pearson India chairman John Makinson, who recently visited New Delhi, said in an interview that school education is now one of its key focus in the country, which can be replicated in other nations such as South Africa. He also said the Indian government’s decision to open up the education market is a welcome move for global education firms. Edited excerpts:
How much is acquiring TutorVista going to help Pearson?
Priority focus: Makinson says two key areas for the company in India are vocational education and schools.
Pradeep Gaur/MintFor the last three years, we have been focusing in the Indian education space. The two key areas are vocational education and school education space. Two years back, we had two partnerships, one with TutorVista, which was largely an online tutoring firm, and the other with Educomp Solutions Ltd, on vocational education.
We had really not thought about the school education space. After talking to the TutorVista management, we realized they have a vision for school education. It sounded sensible to us and we thought of honing that in India. The challenge for a company like Pearson is it’s a large opportunity, which is scalable. It has to be delivered at a relatively low price. We have software, platform, we had other resources but we did not have the dedicated culture of growing schools. By combining the entrepreneurial skill of TutorVista with our global experience as a global education company, we thought we can achieve more success here.
Monday, February 14, 2011
Makinson's Passage to India
Pearson's John Makinson gives an interview to Livemint (India) on the company's business strategy in that country where he also comments on Pearson's recent purchase of Indian education company TutorVista (LiveMint):