Birla Edutech Limited, part of Yash Birla Group, is aiming to open 200 schools besides from 20 Teachers Training Institutions (TTI) in the country in the next three years.
The schools will be either company owned or in partnership with others, CEO, Birla Edutech Srikrishna said here today.
"Each school requires around Rs2 crore to Rs3 crore. We need Rs2,000 crore to reach the goal," Srikrishna said on the sidelines of inauguration of their first preschool "Globe Toters" here in association with a city based real estate company DRS Infrastructure. He said that nearly 15 per cent of the total schools will be company owned and rest on partnership management.
Yash Birla, Chairman of the Yash Birla earlier in the meeting said, that they will be raising the funds through internal accrual, IPO and private equity. He hinted that the company might come for IPO in 24 to 36 months.
"We are planning to set up super specialty schools across the country.We are holding discussion with some of the institutions," Srikrishna said.
The schools are targeted above average income group population and the fee range depending up on the city varies from Rs3,000 to Rs10,000.
Yash Birla said up to class VII or VIII, the teaching methodology will be based on Birla Curriculum and from there it depends on the State, how strong the State syllabus is. He said the teachers who have successfully completed the course in their institutions, may be absorbed as teachers in the Birla Schools.
One TTI will be opened in the city soon, Yash Birla said. Andhra Pradesh minister of Municipal Administration Anam Ramnarayana Reddy was also present during the launch of "Globe Toters".
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