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HERE’S WHY EDUCATION STARTUPS ARE GAMECHANGERS IN INDIA

Suman Nandy, 35, returned to Bengaluru from the United States after a six-year stint at investment banking firm Goldman Sachs to launch a business that would offer corporate compliance enterprise software to companies. Among his clients was KOSHYS Group of Institutions, whose executive director Preenand Premachandran approached him and asked if his software could help in easing the processes required for the institutions’ accreditation. This marked the first break for Nandy’s EPaathSaala, which decided to focus on simplified educational compliance management.

Accreditation refers to the process of evaluation of higher institutes and colleges, a mandatory practice across the globe. An institute is graded on multiple parameters such as prevalence of infrastructure, staff training, student learning and registrar activities, and presented with a grade, or in India a cumulative grade point average out of four.

The evaluation, usually done by governmental and/or non-governmental institutions, plays a key role in student admissions, getting grants and campus placements by companies. The higher the grade or grade point average the better for the college and its students.

“It is the need of the hour. With thousands of colleges in the country, there is no organised and time-effective method of completing the processes for accreditation, which are crucial to both the college and its students,” said Nandy whose company counts nearly 400 colleges as clients in less than a year of its launch. The list includes St Xavier’s College, Don Bosco Institute of Technology and Pune-based College of Military Engineering.

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