IACM, a leading hardware, networking and security training institute signs a Master Franchise agreement with Maharashtra based company Indradeep Information Technology Pvt. Ltd. that will bring over 15 centers across Maharashtra region in next six months. Based upon the success of the IACM center at Sangli owned by Indradeep promoters, IACM decided to extend the relationship further with them as Master Franchise. Prof. A.B. Bhoi, Director, Indradeep shares, “Maharashtra has ideal demographics for IACM programs, not to mention the kind of response we have received at Sangli, we shall be able to repeat the success across Maharashtra centers”. While, Ravinder Goyal, Director, IACM SmartLearn Ltd opines, “Prof Bhoi & his team being learned academician and IT professionals since edges, will understand the needs of the students and will be able to provide them a platform to make them successful in their chosen vocations”. IACM has also plan of entering into similar arrangement of master franchise in Gujarat , Orissa, Tamilnadu and Kerala. They have plan to open 55 IACM centers in these cities. For each franchise IACM center the estimated investment required is 12-14 lakh and the estimated area required is 1000 to 1200 sq. ft area. The potential franchisee should have sound investment plan along with good location, should be 100 per cent devoted for this venture and should be a graduate, as per Mr. Goyal. IACM is targeting to reach 100 centers mark by mid of 2009. It is also targeting Rajasthan, Punjab, Himachal, MP, Chhattisgarh and Bihar and Jharkhand in its second phase of their expansion.
