Byte into this

Why Aptech is a good bet (Hint: there's more to the company than its recent buyback)

Soumik Kar

If the 1980s and 1990s were all about queues of students eager to sign up for multi-year courses, the millennium has been about potential owners lining up at Aptech. Founded in 1986 by Atul Nishar, the computer training institute that along with NIIT defined the space has changed hands several times in the past decade. In 2003, Nishar sold out to Chennai-based IT training company SSI, the brainchild of serial investor Kalpathi S Suresh. Two years later, billionaire investor Rakesh Jhunjhunwala and his family, along with Ramesh Damani and Asit Koticha, picked up a 32.19% stake in Aptech at ₹56 per share. And in 2010, Jhunjhunwala picked up a further 2.24% for about ₹8 crore.