Business schools seem to be among very few entities that are immune to global meltdown and TASMAC (Training and Advanced Studies in Management and Communications) seems bent upon proving that.
In addition to its campuses in Mumbai, Pune, Bangalore and Kolkata, TASMAC recently set up a campus in London and has also become the only business school to get ISO 9001-2008 accreditation. TASMAC was established as a business school in 1990, from a single room in Pune, and has come a long way since.
“Recession does not affect the education industry,” said Dr Giri Dua, chairman and managing director of TASMAC. “Business
schools will not suffer unless banks cut back on giving education loans. I only hope that banks continue to provide loans
to students,” Dua said.
The first batch at London campus started on October 13.
Dua is optimistic of breaking even within a year and half. The Rs 8 crore project of bringing up the London campus was partly financed by Bank of India. “By 2010 we should have two more campuses on foreign soil,” he said.