E-learning solutions provider Educomp Solutions plans to invest about Rs 125 crore to set up over 500 tutorial centres by 2010, a company official said.

The company’s tutoring subsidiary Learning Hour will establish 50 centres by the end of 2008, taking it up to 150 by 2009 and 500 by 2010 and cover CBSE, ISC/ICSE and state education boards’ syllabi.

Learning Hour also plans to launch a home-tutoring service shortly. Recently, the company has launched a unique software application “MagiKeys” that will allow millions of government school students to communicate on the web, email, chat and write documents in their mother tongue.

MagiKeys has been developed by Israel based FTK Technologies Ltd and will be introduced in government schools of the country in collaboration with Educomp.

With an employee base of over 3,000 professionals, Educomp currently serves over 4 million learners and educators across India, USA and Singapore. Educomp has 11 offices in India, one each in the US, Canada, Sri Lanka and Singapore. The company has presence in over 57 locations for different programmes.

The firm actively works with around ten states including Karnataka, Jharkhand, Orissa, Tripura, Assam and Delhi.

Last month, company had announced a stand-alone net profit of Rs 31.46 crore for the quarter ended March 31, over 2.39 fold increase compared to the corresponding period a year ago.