Tree House Education & Accessories Ltd (THEAL) is India's one of the largestpre-school operator, with strong position in Tier-I cities. THEAL has a dominantposition in Maharashtra with 257 pre-schools, which is 40% of its total 612pre-schools. In FY16E, the company is planning to open 150 pre-schools out ofwhich 100 pre-schools will be opened in Delhi & National Capital Region (NCR) & Tier-I cities which will strengthen its position in the pre-school industry. Remaining 50 pre-schools will be opened in Tier II & III cities.