Educomp announces strategic partnership with Great Lakes Institute of Management, Chennai

 | May 06,2011 06:33 pm IST

Educomp through its affiliate company, Beacon, has today announced a strategic partnership with Great Lakes Institute of Management (Great Lakes), one of India’s premier management institutes..

The partnership will help Great Lakes expand its presence across India with an investment of about Rs. 150 crores over the next five years and is expected to substantially expand the reach of the world class management education it has been offering at its magnificent platinum LEED-rated campus in Chennai. Post partnership with Educomp, Great Lakes will have campuses in Chennai, Delhi NCR, Mumbai and a location yet to be finalized in Eastern India.


As part of this expansion, Great Lakes is launching its Delhi NCR campus in Gurgaon in collaboration with the Institute of Energy Management of Research (IEMR). IEMR is a management institute exclusively focused on the Energy sector driven by academics and professionals with exceptional credentials in Energy and offers India’s most comprehensive Energy management program covering Power, Oil & Gas, Renewable Energy, Energy Efficiency and Sustainable Development. Great Lakes has a tie-up with the Bauer School of Business at the University of Houston to offer its globally top-ranked Executive Energy Management program in India. IEMR and Great Lakes would work to extend the scope of this tie-up to other Energy programs also and create a world class Center of Excellence in Energy Management at Gurgaon.


Great Lakes, already ranked within the top 20 in India in a short span of seven years, has pioneered several innovations in management education such as having the best management gurus from around the world teach their areas of expertise, new and flexible program formats that meet students’ needs such as one year full-time program and two-year weekend programs, offering both functional specialization and industry orientation. Each of the new campuses of Great Lakes will have their unique functional and sector specializations offering students the opportunity to pursue their specific interests and passions.


Educomp, India’s largest publicly-listed education company has been a pioneer in using technology to improve the quality of education. Educomp, directly and through its affiliates, will provide management expertise, technology and infrastructure support to help Great Lakes in its expansion.


Commenting on this occasion, Mr. Shantanu Prakash, CEO of Educomp said “The partnership with Great lakes is a natural corollary of Educomp’s growth trajectory towards specialised and world class higher education and found a good fit with our future plans. Our breadth of experience in the education sector and our expertise in various verticals will help in enlarging the reach and scope of Great Lakes”.


Dr. Bala Balachandran, founder and Dean of Great Lakes and the J L Kellogg Distinguished Professor at the Kellogg Business School, USA said that “This synergistic partnership of two giants, one a thought leader and content provider in Great Lakes and the other in communicating and delivering value through technology and e-learning gives an immense opportunity to provide eternal and perpetual value to the World at large”.


Dr. B. S. K. Naidu, FNAE, Chairman of IEMR commented that “IEMR’s vision has always been to become the leading energy sector focused academic and research institute in Asia. This collaboration with Great Lakes takes us one step closer to achieving our vision and enables us to expand it beyond Asia to the entire world. We look forward to the endless possibilities this combination of forces represents”.