by NR INDRAN / INT
Birla Shloka Edutech Limited (BSEL), a Yash Birla group company and a leading player in Educational Services, today announced the acquisition of 51.1% stake in Bengaluru-based Ojus Healthcare Private Ltd.
Owing to the majority ownership, Ojus Healthcare has allotted 12,50,000 equity shares and has become a subsidiary of BSEL. Under the terms of acquisition, the operations of Ojus will be managed jointly by BSEL and Ojus’s promoters. Further, two of BSEL’s personnel (Mr Vijay Mishra and Mr Sunil Abraham) have duly been appointed on the Board of Ojus.
Being in consortium with ITI Ltd(GoI Undertaking), Ojas has been awarded the status of Enrollment Agency by the UIDAI. Presently company is implementing few e-governance projects like UID (Aadhaar project). The Company also has bagged UID Project from Canara Bank & Bankof India for PAN India operations while discussions are in final stage with IDBI. Presently, Ojus along with BSEL has commenced operations forUID projects in Madhya Pradesh, Kerala and Chhattisgarh.
Commenting on the development ,Mr. N. Srikrishna, Managing Director, BSEL, said “The acquisition ofe-governance will be a strategic fit for us and will further complement the bouquet of our educational services. The acquisition is expected to translate into additional revenues of Rs. 20 crore, on account of Ojus’s robuste-governance business.”
Ojus Healthcare was established in 2001 and since provides innovative IT solutions in e-governance and healthcare solutions. In the healthcare segment, Ojus provides cost effectiveprimary care to citizens from all walks of life.Ojuscurrently ownsand operates a chain of clinics in the states of Karnataka and Kerala,specialized in corporate, residential and school healthcare. Ojus services areused by major Information Technology companies located in Tech Parks such as Info Tech Park- Bangalore, Bagmane Tech Park- Bengaluru, Technopark-Thiruvananthapuram and Infopark- Kochi.
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