Jetking Annual Report

Topics: Board of directors, Non-executive director, Corporate governance Pages: 83 (23591 words) Published: June 18, 2013
CONTENTS

From the Chairman’s Desk From the Desk of the Joint Managing Director Brand Jetking Results at a Glance Annual Report

04 06 08 10 11

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From the Chairman’s Desk

Dear Shareholder, Jetking has gone through a roller coaster ride in the last year. While we have not been able to sustain the growth which was posted in the previous years, we have fared better than the education & training market. Tackling Unemployability Youth “UNEMPLOYABILITY” is a bigger problem than youth “UNEMPLOYMENT”. Today, we have educational institutions which provide knowledge. However, having knowledge is not sufficient unless it is translated into workplace skills. This is evident from the fact that a vast majority of students who complete their graduation are not found to be employable by the industry. This has indeed become a huge challenge, especially for our country where a majority of the population is young. We believe that Jetking is offering programmes with strong employment linkages is an important part of the solution. Project Employability was one of the key initiatives taken by your Company. Within 3 months of launch of this initiative, 13 batches from seven centers and more than 100 students have been placed with good salaries. This project has given us a good insight on the changes that we need to make in our training methodology to make our students employable. We need to correct our past mistakes to be able to see a great future. Jetking is a vocational training institute that fast-tracks employment. Quality, cost and scale are very crucial to our existence. Quality “What you measure, you improve” “What you measure, you manage” Unless we track and assess the processes being followed at our learning centers, we will not be able to deliver on the Jetking promise. Over the past one year, your Company has been talking constantly about quality by putting men, money and machine behind it. Our quality team has prepared a 200-point quality assessment chart that captures the essence of every aspect of the functioning of each center. We have been able to create 25 Platinum Centers; these are centers of the highest quality. We have received very positive feedback from business partners who have seen the link between quality and business at the center.

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Costs With inflation rising and costs soaring, we at Jetking had to come up with an alternative which would excite the market. The alternative was offered in the form of a low-cost offering – Jetking Certified Hardware & Networking Engineer (JCHNE). This course while low in cost, still provides the Jetking promise of Job Guarantee. The business partners, who adopted this product, have done well or improved their business. Scale Jetking has a formidable presence of 116 centers and has trained more than 32,000 students in the last year. Jetking has goal of training 35,000-40,000 students in the year 2011-12. We also plan to open 3 mega centers in the same year. Disrupt 2.0 Your Company disrupted the world of IT training in the 90s by introducing Computer Hardware and Networking training. This was the time when anyone and everyone was jumping on the software training bandwagon. This decision stood the test of time as later even the software training majors started Computer Hardware and Networking training programs. Now, it is time to disrupt the training Suresh G Bharwani industry again. Cloud Computing will soon become the next “big” IT revolution. We had predicted sometime back that computers will be everywhere; right from your toaster to the buttons on your clothes, and Jetking will be ready. Introduction of Cloud Computing along with affordable Tablets has unshackled the computer industry from the limits of computing power & space and is making this a reality. Today, the technology has become truly convergent with all the devices seamlessly integrating with one another. Introduction of affordable Tablets has made computing even more exciting. To create the manpower...
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