Educomp Solutions, the largest technology driven Education Company in India has informed that its members have passed the resolution to raise up to $500 million through ADR, GDR, FCCB, or QIP, with requisite majority.

Further, the company has also agreed to increase authorized share capital from Rs 20 crore to Rs 25 crore.

The company had recently acquired a 51 per cent stake in US-based eLearning company, Learning.com, for $24.5 million, which includes the purchase of existing shares as well as infusion of new capital into the company.

The capital will be used to purchase the existing shares as well for infusion of new capital into the company.

Educomp has developed India’s largest K-12 (kindergarten to class 12) content library with over 12,000 modules of 3D content. The company currently has nearly 6,000 public-private partnership school projects with several state governments.

New Delhi-based company has reported revenue growth of 147% to $65.2 million during the year ended March 2008. The company has registered net profit of USD 16.5 million, up 145% compared to the previous year.