Triumphant Institute of Management Education Pvt Ltd (T.I.M.E.), a test-prep institute, has acquired a majority stake in English training institute, Veta. The Chennai-based Veta is a spoken English training institute with 250 franchise centres across India.
Apart from its regular classroom sessions, it offers a self-tutor pack called ‘Veta Best’ to learners who have no access to a Veta training centre. It also offers customised training programmes to meet the specific needs of different organisations through Veta Corp.
A press release from T.I.M.E. quoting Manek N Daruvala, its founder director, says, “T.I.M.E. is no longer in the limited area of test-preparation, but in the much larger space of education and training. The company is constantly diversifying and entering into new areas. Acquisition of majority stakes in Veta is a part of this overall expansion strategy of T.I.M.E. Our expertise in content development and franchisee management will further the success of Veta.”