Boston Education & Software Technologies is one of the big players in the IT training market in the western part of India, particularly in Mumbai. Having made a name on its home turf, the company is now going national, to challenge training majors Aptech and NIIT.
Boston was set up in 1990-91 by Arvind Shah, who holds a PhD from Case Western Reserve University in the USA. He formed a software company in the US in 1974, and was its president for seven years. He also worked for the Hinditron group, and was vice president of Digital Equipments Company (India).
He was joined in Boston by Dipankar Mukhopadhyay, now managing director, and J.P.Nag, who is director of technology. Both Mukhopadhyay and Nag have an MTech degree in electronics.
The company’s career education segment trains university students and professionals in its 75 training centres, and it is here the company makes most revenue.
Students on the six-month Software Application Engineering course in Mumbai are in such demand that they are often offered jobs before they have started. The companies choosing students in this way include Mastek, Datamatics, PCS, Mascot, LTIT, NSE Stock Holding and Blue Star.
The CyberKids division has 60 centres, training children from three to 14 years in multimedia.
Boston is in the process of buying the US company, Infinity Software, based in Florida. It has also set up a subsidiary called Nexus Infotech, through which all export business will be routed.
Two education portals are also in the pipeline: bestversity.com, an on-line evaluation and testing system, and eduunlimited.com, a virtual classroom.
Until recently, the company was operating mostly in the west, from centres in Maharashtra, Gujarat and Bangalore. Now it has centres in Delhi, Chennai and Hyderabad, and franchises in the south and north. It has an office in Calcutta, and is exploring opportunities in Bangladesh, Sri Lanka, Nepal and the Middle East.
The current equity of the company is Rs46.6mn, and revenue growth and profit have picked up this year. Boston will move its account to US auditors, GAAP, next year to improve transparency.