Shares of Standard Capital Markets, a non-banking financial company (NBFC), rose 8% on Monday, October 14, trading near ₹2 on the BSE. This surge followed the company’s announcement of a new zero-cost EMI scheme designed to help schools purchase interactive flat panels (IFPs) for classrooms.
In a press release on October 11, Standard Capital stated that the zero-cost EMI financing aims to modernize education by replacing traditional chalkboards with these digital tools, creating a healthier learning environment.
By 10:00 am on October 14, Standard Capital’s share price had increased by 7.14%, reaching ₹1.35, giving the company a market capitalization of ₹233.55 crore.
This initiative not only aims to modernize classrooms but also to tackle health issues related to chalk dust, which can lead to respiratory problems in children. According to the Global Asthma Report, around 30 million children in India suffer from asthma, and indoor pollutants worsen these conditions.
The edtech sector in India is rapidly expanding, driven by government support through the Digital India initiative. Industry reports predict the market could grow to $10.4 billion by 2025, with an annual growth rate of nearly 40%. With over 1.5 million schools and 260 million students in the country, the demand for digital solutions is higher than ever.
Standard Capital has committed ₹100 crore to this project, aiming to achieve a return of 15-16% on its assets under management (AUM). The company’s goal is to combine financial gains with positive social impact, aligning this initiative with its long-term vision to support education.
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