HDFC Bank recently forayed into the education sector. The bank inked deal with Indus World Schools. The deal is believed to be ranging somewhere between 40 to 50 crore.
The Indian schooling sector is believed to be amongst one of the fastest growing in the world. Last year the Indian market accounted for 40 percent of the total education market across the world.
Managing Director of HDFC Bank Renu Sud Karnad said “HDFC and CL have a lot to gain from this relationship. Together, we can make a significant positive impact on the quality of school education in the country.”
Indus World Schools is a unit of education company Career Launchers. Currently IWS comprises of 14 schools in total across the country. IWS also contributes to the social cause as it runs schools for underprivileged students in Andhra Pradesh and in Gujarat and Punjab through Government partnerships. The group plans to take the total number of schools to a staggering 75 in next five years.
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