New Delhi,one of the emerging players in the IIT -JEE/AIIMS/AIEEE/AIPMT training market in Indore had forayed into franchising to develop their network across the nation on Francorp panel. Within a short span, Francorp has supported Brainsmiths successfully with its strategic appraoch in opening their first four franchise centres in Karnal (Haryana), Ratlam (M.P), Modinagar (U.P), and Sehore (M.P). Francorp is a part of the Franchise India Group, which is Asias largest integrated Franchise and Retail Solutions Company that specializes in providing innovative solutions to its global clientele.
Founded by Mr. Jean Thomas John, Mr. Anwar Sheikh and Mr. Abhay Gupta almost ten years back in 2001, Brainsmiths has achieved tremendous success in a short span and was incorporated as a Pvt Ltd company in 2004. Brainsmiths offers its franchisees the advantage of highly researched scientific study material and a faculty that is comparable to the best in the country. Within 10 years of operations, Brainsmiths has acquired bench strength of more than 3000 students. With two centers in Indore and one in Aurangabad, many more being set up through the franchise route Brainsmiths boast of to be the leader in the education training space.
Upon the occasion, Mr. Jean Thomas (Director,, Brainsmiths), said, A major credit goes to Francorp and Franchise India for their outstanding contribution and strategic approach towards positioning us the leaders in educating training space which has given us the impetus to strive ahead. They have been very helpful in determining the right franchisees, the right legal documents and the correct site selection procedure. They are, obviously, experts in the fields and the scenarios that seemed tricky to us were solved by them in no time.
Commenting upon the successful partnership, Mr Gaurav Marya, President Francorp said, The educational services industry is at present of the size of INR 7200 crore and is growing at a steady pace despite the global economic slowdown. The size of the opportunity that beckons entrepreneurs targeting this segment can be gauged from the fact that nearly 4 lakh students appeared for IIT-JEE and close to 10 lac students appeared for AIEEE in the year 2009 out of which an enormous 80% availed some form of coaching, be it postal or classroom. To tap this phenomenal opportunity and penetrate in smaller towns, Francorp is developing a franchise network for Brainsmiths towards a pan-India footprint. We are delighted to have helped them in opening four franchise centers which will be operation by next month as Francorp has prior experience in catering to this industry vertical.
Notes to Editor
About Francorp
Since its inception in 1976, Francorp has been the unsurpassed leader of the Franchise Consulting Industry globally. Over the years, Francorp based out of Chicago, has assisted companies in virtually every market segment with its patented processes and unmatched expertise. The clients include companies like Bridgestone, XEROX, Shell Oil, Hallmark Cards, Encyclopedia Britannica, Mad Science Group, Pollo Camperio, Ace Hardware, BP, Fruehauf, and Gant, to name a few. In India, Francorp has associated with Franchise India and has coalesced in an experience of 42 years.
About Franchise India
Franchise India is Asias largest integrated franchise solution company since 1999, with an absolute authority on Franchising, Licensing, Retailing, Real estate and Marketing. The company has consulted several major brands over these years like HCL, MGF, Quality Walls, Tata, Gitanjali, HSBC, Levis, JK Tyres, Lakme, Ddamas, Adidas, Euro Kidz, The Apollo Clinic, Chhabra 555, Kidzee, Motilal Oswal, Rosebys, Next, Welhome and more, through media, advisory and exhibitions. With its strategically formed divisions, Franchise India has created its own niche as the pioneers of franchise industry and a small business authority.
