India s higher education landscape is a mix of progress and challenges. Its scope is
vast: 1,043 universities, 42,343 colleges, and 11,779 stand-alone institutions make it one
of the largest higher education sectors in the world. The number of institutions has
expanded by more than 400 percent since 2001, with much of the growth taking place in the
private education sector.
One metric of note is gross enrollment ratio (GER), which measures total enrollment in
education as a percentage of the eligible school-aged population.
India s GER of 27.1 percent in 2019 20 seems poised to fall below the Ministry of
Education s target of achieving 32 percent by 2022. It is also significantly behind China
s 51 percent and much of Europe and North America, where 80 percent or more of young
people enroll in higher education. The Indian higher education system is the third largest
in the world and offers education and training across almost all disciplines.
India must develop its higher education system into a robust, student-centric global
education hub. However, to achieve this impressive feat, it is essential to break down
India s long-term vision into shorter quantifiable and achievable plans. While the
National Education Policy 2020 is a landmark transformative initiative by the Indian
government, a lot needs to be done to improve the quality of higher education in India and
its reach and global perception. We need to take tactical steps to promote India as the
preferred destination for higher studies offering quality education at a fraction of the
cost compared to developed countries.
The first step to achieving India s HEI goals by 2047 is redesigning the higher
education institutions (HEI) architecture for a resilient and student-centric ecosystem.
The new policies must bridge the gap between education and the average Indian, who no
longer wants to be tied to traditional time-bound degrees. HEI must make skill development
an integral part of the curriculum, allowing students to learn at their pace and charting
their learning course. The onus is on each stakeholder to keep the student at the center
as they redesign the higher education architecture. By focusing on the strengths of its
higher education system and acknowledging areas that need to be reformed, India can meet
its own students needs and attract students from around the world.
Industry Overview:
The new National Education Policy 2020 (NEP 2020) introduced by the central government
is expected to bring profound changes to education in India. The policy approved by the
Union Cabinet of India on 29 July 2020, outlines the vision of India s new education
system. The new policy replaces the 1986 National Policy on Education. The policy is a
comprehensive framework for elementary education to higher education as well as vocational
training in both rural and urban India. The policy aims to transform India s education
system by 2021.
Shortly after the release of the policy, the government clarified that no one will be
forced to study any particular language and that the medium of instruction will not be
shifted from English to any regional language. The language policy in NEP is a broad
guideline and advisory in nature; and it is up to the states, institutions, and schools to
decide on the implementation.
Skill development has been considered one of the critical aspects for job creation in
India. India has unique demographic advantage with more than 60% of the population is in
young age group. But in order to get dividend from such large work force, employability
has to be improved. As per current statistics only 10% of the fresh graduates are
employable and rest of the 90% lack skills required for eligible to be hired by corporate.
India s GDP is growing at great rate of around 6-8% but job creation is not catching up
with it. Government of India has taken initiative for skill development through public
private partnership. There are opportunities for private education players to take
advantage of such scheme. Current infrastructure of ITI and other government aided
institutes are not enough to training people for future job opportunities. Skill
development starts with identifying future job prospects and segmentation of it according
to need and feasibility of training candidates. Stakeholders for skill development need to
be identified like Government Entities, State Government, Private Training Institutes,
Large Corporates, NGO etc. Private players can use technology to automate, improve and
scale training and certification approach of skill based training.
Technology is essential driver which can easily help scaling up Skill Development
Initiative. If skill segments, streams are identified then next step is to define
educational contents or syllabus including practicality of the training. Technology can
help to define standard training tools for the candidate and all tutorials, assignments;
tests can be conducted using technology. Technology will help in mending the quality of
education, the educational system, communication, providing enriched resources. With the
growing realization of the distinguished role of technology, advancement is set to start
and pave a new path that will bring revolution to young minds.
According to a poll conducted by the School of Education, 75% of educators believed
that textbook learning will be superseded by digital content learning. To assuage the
learners towards technology-driven methods, certain technology marvels are on-trend
nowadays. To name a few are Enterprise Resource Planning (ERP), Artificial intelligence
(AI), Learning Management Systems (LMS), Augmented and Virtual Reality, Gamification and
Block Chain. The Indian Edu-tech ecosystem has a lot of potential for innovation. With
over 4,500 start-ups and a current valuation of around $700 million, the market is geared
for exponential growth estimates project an astounding market size of $30 billion in the
next 10 years. Even though there is still uncertainty in the education sector, rigorous
steps are being taken to streamline the process and make education accessible to students
belonging to all cultural and social groups. There is also a positive shift in the
direction of equality and diversity. With technology offering solutions at a tremendous
pace, it looks like things will only get better from here.
The traditional approach to distance education was in a way that students/trainees
corresponded with the institute via post. But with the rise of the digital era, these
courses are now available at your fingertips. You can access them anytime and anywhere.
Also, it doesn t matter if you are working somewhere, or completing your college
education, or studying in school. You can learn these courses in your free time.
Not only courses, but there are multiple micro-courses available online. These
micro-courses are short bursts of learning and they re designed in a way to focus on a
single topic or skill development.
Company outlook and strategy:
Your company is engaged in providing training to both freshers and professionals in
different technical and functional modules of ERP. In addition to that your company is
engaged to impart training on E-commerce, CRM software. Severity of the unprecedented
pandemic is almost over and people have started coming back to their normalcy. In this
situation your company is hopeful to get desired enrolments although the employment sector
is still not very much supportive. This is a major challenge faced by almost all
techno-educational and skill development institutes. Your company is not the exception. In
order to bypass it Your Company also has started imparting training to the employees of
various corporates including some of the Companies within the same Group.
Business Review:
Learning Business Segment:
• Understanding the gradual increase of the importance of e-learning and
IT-enabled courses your company is continuing to impart quality training of ERP modules
through online mode considering the current situation through nationally reputed
instructors from diversified fields.
• Your company is also providing training on ERP, e-Commerce, and other allied
areas to the employees of its sister concerns and thus creating a forward linkages with
its industry verticals.
Opportunities and Threats:
There are many reasons why online programs have become a popular form of distance
learning in higher education today. Especially after the pandemic the hybrid mode of
delivery is getting popularity among the trainees. The online environment offers
unprecedented opportunities for people who would otherwise have limited access to
education, as well as a new paradigm for educators in which dynamic courses of the highest
quality can be developed. The Virtual Classroom is accessible for 24*7. Time efficiency is
another strength brought by the online learning format.
But at the same time for some technical papers where board work is a compulsion,
distance teaching method may not be always effective. In teaching face to face interaction
and human touch act as a marvel and it develops a special relationship between the trainer
and trainee which is also very important.
However we are trying to exploit all those opportunities, our main worry is the
reduction of the affordability of the masses due to losing of jobs or of the fear of
uncertain future or due to prolonged and severe illness and also loss of lives caused by
the pandemic. The decline in the employment rate has a razor s edge effect on your
company. On the one hand it has reduced the enrolments and on the other created
disappointments in the minds of the trainees as they know they might not get proper
employment opportunity even after successful completion of the course.
Still India is not fully making herself free and out of clutch of the dark clouds of
pandemic. Whereas the average percentage rate of unemployment from 2009 to 2019 has a
range in between 5.33 to 5.67, in 2020 and 2021 those were unprecedented with 10.18 and
12.74 respectively. But now the normalcy is coming back. It will take some time for the
country to come out completely from the damage created by pandemic. It may be expected
that the overall scenario will be better in 2023 in comparison to past couple of years.
Adequacy of Internal Controls:
As a practice the company continues with the process of having internal control system
which is adequate and in commensuration with the span and quality of operations of the
organization. Benchmarks related to cost, quality, purchase, academic delivery,
examination process, certification etc. are strictly monitored to ensure a smooth and
standardized operations. The synopsis of the procedures is:
• Proper Delegation of authority and responsibility to de-centralise the whole
operation for making it more dynamic
• Preparation of annual budget for targets for business growth which is
continuously monitored throughout the year. Any deviation is properly evaluated and
addressed
• Financial control & approval based on budget allocation
• Perpetual academic audit to ensure the whole standards of training
The Company also has adequate system to ensure that all of its assets are safeguarded
and protected against loss from unauthorized use or disposition, and transactions are
authorized, recorded, and reported correctly. The internal control system is supplemented
by internal audits, review by management, documented policies and procedures.
Human Resources:
Human capital is treated as an integrated part of organization s development. Right
skills and attitudes are required for achieving the objectives of the organization.
Keeping those in mind your company searches the right talent as and when required and
right skills are always encouraged. The company maintains the appropriate HR policies and
practices as per the industry standards and creates a congenial working environment within
the organization.
The Board of Directors expresses its deep appreciation for sincere efforts made by the
employees of your Company at all levels for the development of its business during the
year and their co-operation in maintaining cordial relations.
Cautionary Statements
This document includes certain forward-looking statements. These statements are based
on management s current expectations or beliefs, and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from those expressed or
implied by the statements herein due to changes in economic, business, competitive,
technological and/or regulatory factors. The Company is under no obligation to, and
expressly disclaims any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events or otherwise. Readers
are cautioned not to place undue reliance on these forward-looking statements that speak
only as of their dates. This Report should be read in conjunction with the financial
statements included herein and the notes thereto.
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