Edurite's Expansion Plan

On Sept 27th, one interesting news appeared on ET (Page 6), it was on the expansion plan for Edurite Technologies a Bangalore-based educational content company started by Prof Jawahar, director - PES Institutions and G S Ravi.
Edurite's 2007 revenue was $2mn. They are planning to raise Rs50Cr thru PE funding for the purpose of expansion (Refer details on expansion mentioned in the newspaper, since it is not a listed company hence no point of mentioning in detail here) . It is targetting a topline of $100mn by 2010-11!!!
Yes, from a revenue of Rs8Cr to Rs400Cr (assuming $1=Rs40) in just 4 years time.....a 50times increase in revenue in just 4 years, shocking indeed!!!
But they can achieve this target just because they are in the right business at the right time and that the business is EDUCATION SECTOR. One more reason because Edurite is acquired by Tutorvista who owned by entrepreneur K Ganesh who is well respected personality.

Flash back: Nov'07 : SERIAL entrepreneur K Ganesh-led online tutoring services company TutorVista.com has acquired educational content firm Edurite for an undisclosed sum. The company has set up a subsidiary - TutorVista Education India - which will include Edurite and cater to the domestic market