One of the leading education content providers of India, S Chand group has acquired a majority stake in Kolkata-based publishing house Chhaya Prakashani which has a strong presence in the Eastern region. The combined revenue after the acquisition is estimated to be around $100 million. This will be the top for any education content company in the country.
S Chand has previously also acquired stakes in companies like New Saraswati House, Vikas Publishing House and Madhuban Books and has been investing in Online education startups. The partnership will mark S Chand’s foray into the regional board content market. On the other hand Chhaya will be enabled by the partnership to enhance its digital capabilities and benefit from S Chand’s pan-India presence.
Chhaya Prakashani’s strength lies in having distinct categories of textbooks catering to various school boards in India. The operations of Chhaya Prakashani will remain unchanged after the acquisition, only the ownership will change.
