Dear Stakeholders,
It is my privilege to present the ninth Annual Report of Tree House Education &
Accessories Limited. During 2014-15, our Company was able to maintain its impeccable track
record of continued revenue and profit growth. The numbers are quite significant when one
considers the contraction in spending by the average Indian retail consumer. Our Company
is present in two large segments of the education sector. We run India’s and
Asia’s largest self-operated pre-school chain which is present in 88 cities across
the country. We also provide school management services to 24 K-12 schools in three states
in India. Our product offerings comprising high quality and best-in-class curricula,
trained teachers, and affordable pricing are now accepted by parents as the gold standard
in branded schooling. The future looks promising for us owing to the rapid increase in the
demand for pre-school facilities. Our dedicated workforce, innovative student kits, and
world-class training given to our staff are our growth drivers.
The combined effort of the entire Tree House team is reflected in our annual results.
Revenue from Operation for 2014-15 was Rs 207.45 crores up 31.60% on a y-o-y basis. Our
Profit after Tax grew by 38.65% to Rs 60.88 crores. We opened 122 pre-schools during the
year, taking the total number of pre-schools to 612 as on March 31, 2015. In addition to
our outstanding financial performance, I would also like to highlight other notable
achievements made during the year. These are enlisted below: The Company has launched day
care services at several of its pre-school facilities. The initial response from parents
was encouraging and the Company believes that this service will contribute meaningfully in
the future. The Company has entered into tie-ups with large employers in the IT, ITES,
banking and consulting space to provide these services to the employees of these
organisations. Lessons in the pre-schools are now being delivered on Android tablets for
Junior KG and Senior KG (4 – 6 year olds) children from the current session of
2015-16.
The Company’s initiative to provide low cost quality pre-primary education under
the GLOBAL CHAMPS brand is now available across six centres in India.
‘Tree House Education & Accessories Limited’ has been listed in
‘India’s Most Trusted Educational Institutes – 2014 -2015’ and was the
leading brand in the pre-school category in the TRA’s (formerly Trust Research
Advisory) report.
As we are confident about maintaining the growth of the Company, we are proposing to
increase our dividend to 20% for 2014-15.
I express my sincere appreciation for the invaluable contribution and co-operation of
all stakeholders involved with the growth of the Company. I would also like to thank all
my colleagues on the Board in charting the road-map of the Company for continuous growth
and profitability, thereby steering it to newer landmarks.
Regards,
SANJAYA KULKARNI
Chairman and Independent Director