MPS is a premium B2B learning and platform solutions company that powers the education, research, and corporate markets in their quest to engage with their learners more meaningfully.
Today, MPS has a captive customer base of over 700 customers that include Educational Institutes, Publishers, and Corporates across the Americas, EMEA, APAC, and India. Listed on all the major stock exchanges in India, MPS recently crossed INR 500 crores in Revenue at 30 percent EBITDA margin and is powered by over 2,500 professionals across India, UK, Germany, Switzerland, and the US.
The combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML has helped MPS unlock an accelerated trajectory through and post-Pandemic. Recent growth and momentum have been powered by a shift in GTM approach, richer focus on strategic customers, meaningful customer acquisition strategy, robust and consistent launch of new products and capabilities, and a more aggressive inorganic strategy.
Founded over 50 years ago as a captive unit in India for Macmillan Publishing, our roots are in Education and Technology. Over the past decade, the business has delivered ~25% CAGR in Earnings growth and has scaled through an acquisition-led approach. All 8 acquisitions have been scope-led and enhanced competitive advantage and include premium brands including HighWire Press (founded at Stanford University) and the purchase of TIS (a division, founded in 1990, as part of one of the largest Indian conglomerates).
MPS operates in a high-growth market that is currently fragmented and headed toward consolidation. The largest player is ~USD 300 million in Revenues while the total addressable market is expected to cross USD 300 Billion in 2027 at a CAGR of 15 percent. Powered by a deep purpose of making learning accessible to ALL, MPS is pursuing a scale-up and will play the role of market consolidator. Revenues are projected to grow from INR 500 crores in FY23 to INR 1,500 crores in FY28 at similar margins. Robust early signs of this pursuit include outperformance in the last three quarters and FY23, compared to market expectations and a vast improvement across a variety of financial indicators including ROCE, Earnings Growth, and an unprecedented balance in Customer Concentration.
