Tag Archives: tanked

How Indian education companies tanked due to unsustainable business models

Debt-heavy business models slammed a variety of education companies Image: Shutterstock Shantanu Prakash was flying high in 2009. The founder and chairman of education tech firm Educomp Solutions debuted on the Forbes India Rich List that year with a net worth of $920 million. Eight years later, he’s barely worth $10 million and the company is in a shambles. Prakash, 52, is ... Read More »