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MBD Group bets big on augmented reality and virtual reality space, announces Rs 50 crore expansion plan

By   /  October 6, 2016  /  Comments Off on MBD Group bets big on augmented reality and virtual reality space, announces Rs 50 crore expansion plan

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New Delhi: MBD Group, the leading education company in India, now forays into augmented reality (AR) and virtual reality (VR) space to capitalize the growing market in the edu-tech space.  The company has spelt out plans to invest around Rs 5o crore in augmented reality and virtual reality space in the next three to five years. AR & VR market is expected to reach $35 billion by 2025. Also, the Group is planning to enter international markets of the US, the UK and China.

MBD, which has been serving India’s education sector for six decades now, is foraying into virtual reality, targeting Kindergarten to Grade 12 as well as vocational education. It will produce 3D educational AR and VR videos and simulations. This high quality interactive content will be compatible with the best VR devices like Samsung Gear, Oculus Rift etc. Packaged AR & VR based educational curriculum and content will help in keeping the students deeply engaged in the classroom, it will offer an immersive sense of place and time, whether historic or evolving.

Ms. Monica Malhotra Kandhari, Managing Director, MBD Group said, “I am really delighted to announce our group’s successful completion of 60 years, this year. We have had our ups and downs; I will make sure to retain the momentum and dynamism at MBD so that our Group scales remarkable heights in the years to come.”

“We plan to invest 50 crores towards our expansion and launch AR and VR educational content for students, which will be an extremely interesting way of learning things.” she added.

Today the Group works with nearly 70,000 schools worldwide and caters to 50 million learners with 34 branch offices across India. The Conglomerate is also offering its products and services to various other countries including international offices in South Africa and Sri Lanka. Moreover, several books of MBD have been praised for its very authentic content, beautiful colored production, easy to understand language and got approved by the CAPS and are part of the National Catalogue of RSA. The Group is also planning to invest and cater to other international educational markets of the US, the UK, and China.

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