HT enters higher education, jv with Apollo Global [updated]

03 Apr,2013

By A Correspondent

 

HT Media, publishers of news dailies Hindustan Times, Hindustan and Mint, has entered into a joint venture with the Apollo Global of the United States. The jv is called the India Education Services Private Limited and will run the Bridge School of Management.

 

On Saturday, the jv is hosting a half-day seminar with Professors Dipak Jain (former Dean, INSEAD and Kellogg School of Management, Northwestern University) and Henry S Binen (former President of the Northwestern University) along with Adam Gutstein (Vice-Chairman, PwC US) and Rajiv Verma, CEO, HT Media speaking on the occasion.

 

Mr Rajesh Puri, formerly President-operations and COO at Tata Teleservices and COO, Bharti Airtel is CEO of India Education Services.

 

Update: The HT-Apollo joint venture was first announced in December 2011, by way of a communiqué to the Bombay Stock Exchange. While it was clear then that education centres in the areas of business were among the various initiatives mulled for the 50:50 jv, the setting up of a B-school wasn’t known. Apollo (not to be confused with similar business groups in India) is a leading private education conglomerate running amongst others the University of Phoenix.

 

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