Tree House Education & Accessories to open 100 self-operated centres

Tree House Education & Accessories Ltd. plans to open 100 self-operated centers in the current financial year FY 2014, of which it has already opened 22.

Net addition of 16 preschools in the 2nd quarter of FY2014. Total number of centers as on September 30, 2013 is 426. Out of this, number of self operated preschools is 322.

Ratio of self operated preschools to total preschools is 75.59%. Currently present in 55 cities in India, the new cities where centres were launched in the quarter are Jabalpur, Indore, Khopoli, Ichalkaranji and Ghaziabad.

Mr. Rajesh Bhatia, Promoter and Managing Director, TreeHouse said, "Treehouse is spreading its roots across the country. We are now present in 18 of the top 20 cities in India, with market leadership in 9 of these in terms of center penetration. We have identified the cities where we plan to grow in the next 6 months. We plan to open 100 self-operated centers in the current financial year, of which we have already opened 22."

"We would be announcing asset sales within the next 6 months. Becoming asset light shall increase the efficiency of capital employed and free capital resources for future growth. We continue to strengthen our curriculum and content delivery and are looking forward to maintaining growth over the coming year," he added.