Magneto training Academy is one of the leading latest technologies development training institute that focuses on talent development and professional skills. With more than 12 courses to offer the Academy focuses on expanding its reaches all over the country. In conversation with Mr. Ronak Mehgani, Director, Magneto IT Solutions Pvt. Ltd. shares his views on the expansion of the brand via franchising.
What is the story behind Magneto Training Academy? How it started and what is the inspiration?
There is no end to the growing technology. We see changes and improvement in every sphere every day. You can be a successful technologist only if you keep in pace with the advancements.
our aims to empower the broad IT community and positively influence the careers of the successful candidates. We strive to implement a blend of innovation and integration of the latest technology in our courses. We will achieve our aim by offering the best support, training, resources and opportunities to our students and the right solutions for the industry.
We bridge the gap between the supply of trained engineers and the demand for them in the market.
We are the First training company for next generation mobile application development not only in India but in whole Southeast Asia. Our venture “Magneto Training Academy ( MTA )” focuses on “Latest Technologies Development Training”.
What according to you is the scope for aspiring franchisees in this business? Is the future bright in the years to come?
With annual revenue of over $40 billion, the education franchise industry is considered as one of the most profitable industry. The tough economy has forced the main stream educational institutes to accept budget cuts. This has given rise to alternate sources such as IT academies, online education and web institutes to complement the main stream education. To strengthen the presence and necessity of these alternative sources one must adopt franchise
When and what motivated you to adopt the franchise route for Magneto Training Academy?
Our intension is to make better opportunity for young entrepreneur &create more entrepreneurs in country.
Magneto training academy invites young entrepreneur who willing to set up their own IT training academies. Become a successful entrepreneur in the growing education supplement market.
What is the success mantra for Magneto Training Academy? In what ways is it different from other educational and training institutes in India?
At Magneto, we make things happen for the students to follow their dreams and fulfill their passions by conducting our business responsibly and sincerely. We believe that expertise of people and ideas put together to irrigate the budding brains can create masterminds in the industry. We provide equal opportunities for newcomers, existing professionals and our partners to meet their goals and create profitable output.
Where do you see the brand in next 1 years’ time? What are your plans till the end of 2014?
This year company plans to start 10 plus centers in pan-India. We are also planning to expand in international market in coming years.
What are the qualities and qualifications that you seek for in your franchisees? How much investment is required by aspiring franchisees?
Magneto franchise the applicant should be at least a Graduate with a wide knowledge about the area market and sound finances to invest. The venture requires dedication from both the parties, so the franchise should be willing to dedicate his time to the venture.
Well here is the answer – With just investment of a 10 lacs you will become our franchise and can start operating under the name of Magneto Training Academy in any part of the country. The ROI varies depending on the courses you offer and the requirement of the students at your franchise.
How many centers of magneto training academy are currently in operation, and how many of them are running through franchise?
Magneto has its headquarters located at Pune and company own registration office at Ahmedabad. And, also we have 2 existing Franchise office in Amritsar, Nigeria.
What support and training you offer to your franchisees?
Faculty training and guidance with the course syllabus
Assistance to recruit trainers and faculty
Technical knowledge to run the academy
Hardware and software support
Promotion and marketing support
Student’s placement support