Stansfield group to invest Rs170 crore in India
By Our Corporate Bureau | 24 Jul 2004
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Chennai: The Singapore-based Stansfield group plans to invest around Rs170 crore in India to set up twenty business schools. The Rs35 crore turnover group will initially set up three schools in Tamil Nadu and later expand to other parts over a period of three years.
According to the group chairman and chief learning officer, Kannappan Chettiar, each school would involve an outlay between Rs7 to Rs10 crore. While the group will set up the schools on its own initially, later it will go for franchising route.
The first centre with an area of about 10,000 sq ft will be ready in Chennai by February 2005, and admissions will begin around the time of the next academic season.
The schools would offer 3 year Under Graduate, two year Masters and MBA courses.
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