News Release: MBD Goup Plans to Invest 50 crores in the Next Three to Five Years in Virtual Reality Space for Education Sector
Hi,
I write this to you on behalf of MBD group, the leading education company in India.The company is now planning to invest around 500 million in augmented reality and virtual reality space in the next three to five years. Also, the Group is planning to enter international markets of US, UK and China. Please find below and attached the release for the same.
MBD Group Plans to Invest 50 crores in the Next Three to Five Years in Virtual Reality Space for Education Sector
· The Group commemorates 60th Anniversary this Year
· Foraying into AR & VR technology space to bring transformational change in the Indian education space
· Plans to enter international markets of US, UK, Singapore and China
· MBD Hospitality arm clinch a deal with Europe’s Leading Hospitality Company
New Delhi, 11th August 2016: MBD Group, the leading education company in India, has completed 60years of existence this year. The company is now planning to invest around 500 million in augmented reality and virtual reality space in the next three to five years. AR & VR market is expected to reach $35 billion by 2025. Also, the Group is planning to enter international markets of US, UK and China.
MBD, which has been diligently and relentlessly serving India’s education sector for six decades now, is foraying into virtual reality, targeting Kindergarten to Grade 12as well as vocational education. It will produce 3D educational AR and VR videos and simulations. This high quality interactive content will be compatible with the best VR devices like Samsung Gear, Oculus Rift etc. Packaged AR & VR based educational curriculum and content will help in keeping the students deeply engaged in the classroom, it will offer an immersive sense of place and time, whether historic or evolving. This will be a great way of learning, where the students can practically experience and bring their subjectsto life, which traditional education couldn’t offer.
Ms. Monica Malhotra Kandhari, Managing Director, MBD Group said, “I am really delighted to announce our group’s successful completion of 60 years, this year. We have had our ups and downs; highs however, by the grace of God and blessings of our Founder Father and our chairperson, have outnumbered the lows. It inspires me to set new milestones for the Group. I will make sure to retain the momentum and dynamism at MBD so that our Group scales remarkable heights in the years to come.”
“We plan to invest 50 crores towards our expansion and launch AR and VR educational content for students, which will be an extremely interesting way of learning things.” she added.
MBD Group has transformed from a modest bookshop in Jalandhar into an Education company and provides 360 degree education solutions; be it a notebook or a pencil, be it an educational tablet or a latest educational app on app store. Today the Group works with nearly 70,000 schools worldwide and caters to 50 million learners with 34 branch offices across India. The Conglomerate is also offering its products and services to various other countries including international offices in South Africa and Sri Lanka. Moreover, several books of MBD have been praised for its very authentic content, beautiful colored production, easy to understand language and got approved by the CAPS and are part of the National Catalogue of RSA. The Group is also planning to invest and cater to other international educational markets of US, UK, and China.
Hospitality arm of MBD Group has clinched a deal with one of Europe’s leading hospitality company Steigenberger and is all set to launch its own hotel chain under MBD Steigenberger brand. – adding to this Ms. Sonica Malhotra, Joint Managing Director, MBD Group, said, ‘Driven by our Founder’s vision, we have been in the hospitality industry for over a decade and have successfully proven ourselves by exuberant excellence in the hospitality sector in Delhi and Punjab both on financial parameters and also overall guest experience. This joint venture would target to open at least 20 hotels in India over the next 15 years. Our first property under this joint venture will be the iconic MBD Zephyr—an MBD Steigenberger Hotel in Bangalore.
About MBD Group
The MBD Group, one of the leading Education Companies in India with over 6 decades of experience, under the futuristic vision of the Founder of the Group, Shri Ashok Kumar Malhotra, has diversified into various industries including E-Learning, Capacity Building, Stationery, M-Learning, Skill Development, Eco-Friendly Notebooks, Paper Manufacturing, ICT Infrastructure, Hospitality, Real Estate, Mall Development and Management. The MBD Group has been continuously working for the cause of providing education to all with its mission to create an “MBD Product for every literate person”. The group has presence in various other countries including international offices in South Africa and Sri Lanka. For more information, please visit http://mbdgroup.com/.
Bona Fortuna!
Nikita Kukreja
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