Altus Learning (Calorx Group)
India's Education Sector
• Education is an under-capitalized sector in India, which lacks both finance as well as human capital.
• India has a young demographic profile and the nation’s service-oriented economy requires a large number of employable and educated people, however at the same time government-run schools are inefficient.
• Public expenditures cannot meet the needs of this young and growing population; many public schools are facing issues of inadequate infrastructure, poor administration and teacher absenteeism.
• An estimated 100 million Indian school-aged children are not attending school. Adult literacy levels in India range around 63%.
Development Effects in a Nutshell
• Calorx schools are offering quality education at affordable prices for children of the middle income classes, giving them a solid starting point to become knowledgeable, independent, versatile, and productive members of society.
• By serving children in parallel to the public schooling system, Calorx lightens the burden on the public infrastructure.
• Calorx aims at implementing the latest educational concepts and technologies and acts as a pioneer and role model for the entire education sector in the region.
• Calorx also brings its educational concepts and technologies to schools in rural areas, which are typically the last ones to benefit from the most advanced practices.
• By continuously professionalizing its services, training its staff and further building its reputation, Calorx enhances the status of education overall, which has a direct effect on the general quality of education. This particularly benefits and empowers women, who are predominantly working in this area.
• Calorx operates Prerna, the only school for dyslexic children in the state of Gujarat.
• Calorx offers employment to over 400 people and teaches more than 8,600 students.
Calorx offers education and vocational training to underprivileged children and women from rural areas via different programs; it also works with local NGOs, companies and individuals in order to provide full scholarships, including board, for the poorest.
Data as of 2013
Obviam has made reasonable efforts to ensure the accuracy of the data presented. A case study is made possible both through Obviam’s first-hand experience and/or the information provided by Obviam’s investment partners. Data is valid as per the date recorded.