The Company was originally incorporated as Chiripal Enterprises Limited on May 12, 1988 with the Registrar of Companies, Gujarat as a public limited company under the provisions of the Companies Act and a certificate of commencement of business was issued by the Registrar of Companies, Gujarat on July 12, 1988.Further the name of the Company was changed from Chiripal Enterprises Limited to Shanti Educational Initiatives Limited vide a fresh certificate of incorporation dated April 16, 2010 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The changes to the name of the Company were undertaken to align the name of the Company with the nature of business of the Company. The Corporate Identification Number is U80101GJ1988PLC010691. The promoters of the Company are Mr. Vedprakash D. Chiripal, Mr. Brijmohan D. Chiripal, Mr. Vishal V. Chiripal, Ms. Vineeta V. Chiripal and Mr. Ronak B. Agarwal.
The Company is engaged in the business of providing educational support services to preschools, K-12 and premium category preschools in India. Presently we are operating under three business units with 154 franchised preschools under the brand name of Shanti Juniors, 6 K-12 schools under the brand name of Shanti Asiatic School, and 5 premium category preschools under the brand name of Shanti's Hopskotch across India.
The business model is focused on operations through franchisee for preschools and K-12 schools, wherein we enter into agreement with franchisee for a fixed tenure under standard conditions with varied date of commencements and receive a fixed non-refundable onetime franchise fees and a monthly/quarterly/annually royalty on recurring basis for use of the brand and teaching methodologies from the franchisee. Apart from Gujarat the presence is also concentrated in the states of Gujarat, Rajasthan, Bihar, Maharashtra, , Karnataka, and Tamil Nadu.
Major Events and Milestones
The table below sets forth the key events in the history of the Company:
1988 -Our Company was originally incorporated as 'Chiripal Enterprises Limited'
2009 - Shanti Asiatic School started its first K-12 school in Ahmedabad
2010 - Shanti Juniors started in year 2010 with 6 Pre-Schools
2013 - Shanti'sHopskotch, a premium category preschool chain started in April, 2013 as a part of our expansion plans.
2013 - Shanti Juniors is certified as ISO 9001:2008 by Bureau Veritas
2014 - Shanti Juniors Preschool has been ranked 2nd in Pune and Chennai, 4th in Hyderabad and 5th in Bangalore among the Top pre-schools of India by Silicon India Magazine
2015
- Shanti Juniors has been awarded 'The Peacock Feather Award' for excellence in education by Brands Academy for being the Fastest Growing Preschool Brand of the year.
2015
- Awarded for 'Excellence in Quality' for Rajasthan and Gujarat by the institute Quality Mark Trust
2015 - Shanti Juniors crossed 140+ operational centers across India within 5 years of its operation2012 Shanti Juniors received an award for Excellence in Quality by Indian Achievers Forum & for recognizing outstanding achievements at 31st Indian Achievers Summit on National Economic Development & Social Responsibilities at New Delhi, India
2022 -The Company has splits its face value from Rs. 10/- to Rs. 1/-.
2023 -Company acquired 100 percent stake in Little Marvels Private Limited.
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