GREC - Graduate Resources Enhancing Center

What GREC - Graduate Resources Enhancing Center does

GREC (Graduate Resources Enhancing Center) is a Bangladesh-based test preparation institute founded in 2008 by Mamoon Rashid, primarily serving Bangladeshi students aspiring to study abroad. The company offers structured courses for GRE, IELTS, Digital SAT, TOEFL, PTE, and Spoken English through both online (Distance Learning) and offline (two physical branches in Dhaka — Banani and Lalmatia) delivery modes. GREC claims to be the country's oldest GRE and IELTS preparation institute and reports having trained more than 50,000 students over 16 years.

GREC's technology stack centers on WordPress-based learning management systems, including studyjobabroad.com for course materials and video explanations, and elearngrec.com for the dedicated quiz platform hosting 2,700+ quizzes and lessons. The company has accumulated 29 GB of free study materials, 15,000+ questions and video explanations, and serves 8,000+ active e-learning users. Distribution is anchored in a large Facebook community described as the country's largest test prep discussion group, with daily free Facebook Live classes driving top-of-funnel engagement, supplemented by a YouTube channel (GREC Insights), email newsletters, and active Instagram and LinkedIn presences.

The business model combines one-time course purchases (IELTS Premium Plus at Tk 4,500, GRE Premium Plus at Tk 8,000, Digital SAT at Tk 3,000 online or Tk 20,000 offline) with monthly subscription add-ons for post-live problem solving batches at Tk 500-1,200 per month. Revenue is generated through direct-to-consumer enrollment via the website e-commerce platform, which supports bKash and AmarPay mobile payments, and in-person enrollment at the two Dhaka branches. GREC is bootstrapped and founder-controlled, with no external funding, no disclosed revenue, and a lean 23-person team operating exclusively in Bangladesh.

Name

GREC - Graduate Resources Enhancing Center

Legal name

GREC

Website

https://grecbd.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

GREC is a Bangladesh-based test preparation institute founded in 2008 that offers GRE, IELTS, Digital SAT, TOEFL, PTE, and Spoken English courses to Bangladeshi students seeking to study abroad, delivered via a WordPress-based LMS and two physical branches in Dhaka.

Ownership category

akta.pro rank

Product category

Test Preparation Services

NAICS

Exam Preparation and Tutoring (611691), Language Schools (61163)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Graduate & Professional School Admissions Exams (GRE/GMAT/LSAT/MCAT) Prep (EDANABAB)

akta.pro secondary industries

Language Proficiency Exam Prep (CEFR, TOEFL, IELTS, Duolingo English Test, PTE) (EDANACAD), K–12 Standardized Assessments & Benchmark Exams Prep (State tests, MAP, ISEE/SSAT) (EDANABAD), Test Prep Tutoring Platforms (SAT/ACT/GRE/GMAT, etc.) (EDANAGAH)

Keywords

• Test preparation services
• Standardized test prep
• IELTS preparation courses
• GRE preparation courses
• Study abroad consulting

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Course Fees - One-time Purchase: Students pay one-time course fees for access to premium online courses including IELTS, GRE, Digital SAT, TOEFL, PTE, and Spoken English. Courses are sold as one-time perpetual licenses with validity periods ranging from 6 months to unlimited access depending on the tier.
2. Monthly Subscription - Problem Solving Batches: Monthly subscription model for post-live problem solving batches for IELTS (Tk 1,200/month), GRE (Tk 500/month), and Communicative English (Tk 500/month). Students pay recurring monthly fees for ongoing support and practice sessions.
3. Offline/In-person Courses: Physical classroom-based courses at Banani and Lalmatia branches with higher price points (e.g., Digital SAT offline at Tk 20,000). Revenue generated from on-campus program enrollment.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

GREC provides standardized test preparation courses (GRE, IELTS, Digital SAT, TOEFL, PTE, and Spoken English) for Bangladeshi students aspiring to study abroad. The company delivers its curriculum through both online (Distance Learning via WordPress-based LMS) and offline (physical branches in Banani and Lalmatia, Dhaka) channels, with certified instructors, structured lecture series, mock tests, and free supplementary study materials.

Product overview

GREC operates as a multi-product test preparation platform offering IELTS, GRE, Digital SAT, TOEFL, PTE, and Communicative English courses. The core offerings include Premium Plus online courses with live interactive sessions, recorded/self-paced master courses, and free live classes via Facebook. The portfolio includes both online (Distance Learning) and offline (on-campus) delivery modes. Supporting the main courses are e-Learning LMS platforms (studyjobabroad.com and elearngrec.com), over 29 GB of free study materials, and post-live problem-solving batch add-ons. The company also provides educational consultancy for study abroad services.

Differentiator

Problem solved

Functional benefit

Products and services

• IELTS Premium Plus (Online) Comprehensive IELTS preparation course with 24 live interactive online sessions covering all four modules (Listening, Reading, Writing, Speaking), in-class practices, mock tests, and instructor support. Includes 32 lectures, 1-on-1 speaking practice, FB private group, WhatsApp support, and weekly 2 tests.
• IELTS Recorded Master Course Self-paced recorded IELTS course allowing students to study at their own pace with access to pre-recorded video lectures and materials. Priced at Tk 1,000 (discounted from Tk 2,000).
• GRE Premium Plus (Online) Comprehensive GRE preparation course featuring 36 lectures with a hybrid structure of 16 interactive online sessions and 8 onsite mega-solving classes, covering Verbal, Quantitative, and AWA sections. Includes 6-month validity, LMS access, weekly tests, and individual counseling. Priced at Tk 8,000 (discounted from Tk 23,000).
• Digital SAT (Simplified in Bangla) Digital SAT preparation course with simplified expert-led video lectures in Bangla language, featuring 32 lecture classes, mock tests, and study materials for students aspiring to top US universities. Online priced at Tk 3,000 (discounted from Tk 6,000); offline at Tk 20,000.
• IELTS Post-live Problem Solving Batch Supplementary IELTS live class program covering Reading, Writing, Listening, and Speaking topics with instructor-led problem-solving sessions at Tk 1,200 per month (discounted from Tk 2,400/month).
• GRE Post-live Problem Solving Batch Supplementary GRE preparation curriculum with 50 live lectures covering Verbal Reasoning, Quantitative Reasoning, and Analytical Writing topics. Priced at Tk 500/month (discounted from Tk 1,000/month).
• Communicative English Post-live Problem Solving Batch 60-class grammar and communication syllabus covering sentence basics, tenses, questions, modals, conditionals, phrasal verbs, and idioms at Tk 500 per month (discounted from Tk 1,000/month).

Quantifiable outcome

• 50,000+ students trained over 16 years
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

One partnership is on record.

• AemersminorGTM or Marketing PartnerAemers is a partner providing university destination information and scholarship guidance. GREC promotes Aemers services for US university lists, scholarship programs, and European university partnerships, offering comprehensive study abroad guidance alongside test preparation.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Magoosh: Magoosh is a leading online test prep platform offering GRE, IELTS, TOEFL, SAT, GMAT, and ACT prep with self-paced video lessons, practice questions, and score guarantees. It directly competes with GREC's online offerings and serves a similar price-sensitive global student segment, including South Asia.
• Manhattan Prep: Manhattan Prep offers comprehensive GRE, GMAT, LSAT, and SAT prep courses with live online classes, self-study options, and private tutoring. It is a direct peer to GREC's GRE Premium Plus course offering and competes for the same graduate school aspirant segment.
• E2Language: E2Language is an online IELTS, PTE, TOEFL, and OET preparation platform popular with international students, offering live classes, self-paced courses, and AI scoring. It directly competes with GREC's IELTS, PTE, and TOEFL courses and serves a similar target audience of South Asian study-abroad aspirants.

Broad incumbents

• British Council: The British Council co-delivers IELTS testing globally and offers IELTS preparation courses and study-abroad advisory in Bangladesh and other South Asian markets. It is a broad incumbent with both training and exam delivery roles that overlaps with GREC's IELTS prep offerings.
• The Princeton Review: The Princeton Review is a large, established test prep and admissions services provider offering GRE, GMAT, LSAT, MCAT, SAT, ACT, and TOEFL prep globally. It is a broad incumbent competitor to GREC with overlapping GRE and SAT offerings and a global brand, though it is not specialized in the Bangladeshi market.
• IDP Education: IDP Education is a global education services company that co-owns IELTS and operates IELTS test centers, study abroad, and international student placement services. It is a broad incumbent that overlaps with GREC's IELTS preparation through co-ownership of the exam itself and through study abroad advisory services.
• Kaplan Test Prep: Kaplan Test Prep is a major international test preparation provider offering GRE, GMAT, LSAT, MCAT, SAT, IELTS, TOEFL, and USMLE prep with live online, on-demand, and in-person options. It is a broad incumbent in the same test prep space as GREC with overlapping GRE, IELTS, and SAT products and global delivery.

Regional players

• 10 Minute School: 10 Minute School is a Bangladesh-origin online education platform offering live classes, recorded courses, and exam prep across K-12, university, and competitive exams. It is a regional player serving the same Bangladeshi student base as GREC, with overlap on standardized test prep and university admissions guidance.

Emerging players

• Testbook: Testbook is an India-based online test prep platform offering preparation for government, banking, engineering, GRE, GMAT, IELTS, and other exams with free and paid content. It is an emerging player with similar emerging-market dynamics, monetization model (free + paid), and target audience of South Asian aspirants as GREC.
• BYJU'S Test Prep: BYJU'S Test Prep (formerly Gradeup) is an Indian online test prep platform covering GRE, GMAT, IELTS, CAT, banking, and government exams with live classes, mock tests, and study materials. It is an emerging player that competes for the same South Asian graduate and English proficiency aspirant market as GREC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@grecbd
• Facebookfacebook.com/grecbd
• LinkedInlinkedin.com/company/grecbangladesh
• Instagraminstagram.com/grecbd

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GREC - Graduate Resources Enhancing Center