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Education Loan Giants Credila, Avanse Eye Combined ₹8,500 Crore IPOs

Credila

Credila Financial Services and Avanse Financial Services, two leading names in India’s education loan sector, are preparing to enter the stock market with initial public offerings (IPOs). Credila aims to raise approximately ₹5,000 crore, while Avanse has set its target at ₹3,500 crore. Both IPOs will include a combination of fresh issues and offers for sale.

Credila, formerly HDFC Credila, has taken a significant step by confidentially pre-filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). Established in 2006 by Ajay and Anil Bohora, Credila was India’s first dedicated education loan provider. Currently, the company is backed by a consortium led by EQT and ChrysCapital, which acquired a 90.01% stake for ₹9,060 crore in 2024.

Avanse, supported by private equity firm Warburg Pincus, has already filed its draft prospectus with SEBI. The IPO is expected to include a fresh issue worth ₹1,000 crore and an offer for sale amounting to ₹2,500 crore.

Together, Credila and Avanse manage over ₹60,000 crore in outstanding loans, underscoring the increasing reliance on education financing in India. The education loan market has witnessed significant growth over the years, driven by rising education costs and aspirations for higher education, especially abroad.

Also Read: AICTE and DST Launch India’s First UG Minor Programme in Quantum Technologies under National Quantum Mission

Non-banking financial companies (NBFCs) like Credila and Avanse have filled the gap left by traditional banks, which are cautious due to high non-performing assets. These NBFCs offer quicker approvals and flexible terms, catering to the evolving needs of students and their families.

With the Indian education loan market projected to reach USD 150 billion by 2025, the IPOs of Credila and Avanse reflect the sector’s robust growth potential. This development is expected to attract significant investor interest, highlighting the critical role of education financing in shaping India’s future workforce.

Transforming Tumakuru’s Education Landscape

Ashwija B.V.

The small city of Tumakuru in Karnataka is setting a big example in the field of education through its innovative and inclusive initiatives. Under the dynamic leadership of Ashwija B.V., MD & CEO, Tumakuru Smart City Limited (TSCL), the city has redefined educational access and quality. From modernizing Anganwadi centers to creating vibrant spaces like the City Central Library and the Science Theme Park, Tumakuru blends technology, infrastructure, and community participation to foster an enriched learning ecosystem. In this exclusive conversation with Elets News Network (ENN), Ashwija B.V. sheds light on her vision for education in Tumakuru, discussing strategies that are bridging gaps, empowering communities, and steering the city toward a future of equitable and innovative education.

As an administrator and leader, how do you perceive the role of governance in shaping the future of education in India?

Quality education is the foundation of societal growth and individual empowerment. Governance plays a crucial role in ensuring every child has access to impactful learning. Building robust infrastructure is key, with facilities like modern libraries, science labs, and interactive classrooms fostering holistic development. For instance, transforming Empress Karnataka Public School created a vibrant learning environment that inspires students and teachers alike.

Leveraging technology bridges gaps in resources and reach. Digital classrooms, online libraries, and smart learning tools prepare students for a tech-driven future while enhancing learning experiences. Equally critical is enhancing teacher capacity through regular training, which ensures lessons remain effective and engaging.

Finally, community and stakeholder engagement are vital. Involving parents, alumni, and local networks fosters shared responsibility, ensuring educational initiatives are sustainable and impactful. Governance, for me, is about creating systems where learning thrives, empowering students and educators to reach their full potential.

Inclusivity in education remains a pressing goal. What measures do you believe are critical to ensure quality education reaches the most underserved communities?

Inclusivity is crucial for building an equitable society. At TSCL, we have implemented impactful initiatives addressing barriers to education. We prioritized early childhood education by modernizing Anganwadi centers, equipping them with child-friendly spaces, learning tools, and essential health facilities. This encourages attendance and lays a strong foundation for young learners.

Projects like the Science Theme Park and smart classrooms make learning engaging and accessible. Interactive experiences help students, especially those from marginalized backgrounds, grasp complex concepts effectively.

To further inclusivity, we have designed libraries with digital resources and sections catering to visually impaired students. These spaces also support competitive exam preparation, broadening career opportunities for students from all walks of life.

Teacher empowerment is another focus. Training educators to use modern tools ensures high-quality instruction across socio-economic backgrounds. Practical learning programs, like the NCC Firing Simulator, boost students’ confidence and career readiness. By combining technology, infrastructure, and community involvement, we break barriers and provide every student with tools for success.

Tumakuru’s projects like the City Central Library and Science Theme Park are inspiring. How have these initiatives redefined the learning experience for students in the region?

Tumakuru’s initiatives, such as the City Central Library and the Science Theme Park, have truly transformed the learning experience for students in our region. As the CEO of TSCL, I am proud to share how these projects are redefining education.

The City Central Library is a hub for modern learning and community engagement. Its digital library offers vast resources, including e-books and journals, promoting self-paced learning. A dedicated Braille section ensures inclusivity, empowering visually impaired students, while the competitive exam section supports aspirants aiming for prestigious careers. Events in the state-of-theart auditorium connect students to broader educational experiences.

The Science Theme Park, featuring 26 hands-on models like Archimedes’ Screw and DNA structures, transforms complex scientific concepts into interactive experiences. Guided explanations enhance understanding and spark curiosity, fostering a love for STEM among students.

These projects extend learning beyond classrooms, inspiring critical thinking and preparing students to excel in a modern world.

Transforming vision into action often requires collaboration across multiple stakeholders. What strategies do you use to align teams and drive large-scale educational projects?

I believe that collaboration is the cornerstone of any large-scale educational project. Aligning teams and stakeholders requires a combination of clear communication, strategic planning, and shared accountability. Here are some strategies we have successfully implemented:

Unified Vision: Every project begins with a clear vision aligned with TSCL’s goals and community needs. For instance, when upgrading Anganwadi centers, we emphasized their societal impact.

Early Stakeholder Engagement: Educators, government bodies, and community leaders are involved from the start, ensuring diverse perspectives and buy-in.

Clear Communication: Regular updates and transparent progress tracking address challenges proactively, whether for setting up smart classrooms or creating inclusive spaces.

Empowering Teams: We provide training and resources, like equipping teachers to use digital tools and guides for Science Theme Park exhibits.

Scalable Models: Projects like the NCC Firing Simulator are designed for replication, encouraging long-term sustainability.

Measuring and Celebrating Success: Tracking metrics like increased attendance or engagement highlights the impact, reinforcing collective commitment. By fostering a culture of shared purpose, we have turned vision into actionable outcomes that leave lasting impacts.

Could you share a particularly challenging moment in your journey of transforming educational visions into actionable outcomes and how you overcame it?

Transforming Tumakuru’s Anganwadi centers was one of the most challenging tasks. Many were dilapidated, lacking basic facilities, and located in rented spaces unfit for children. With 131 centers to rebuild or refurbish, securing funding, aligning stakeholders, and maintaining ongoing services posed significant hurdles. Resistance to change from community members added to the complexity.

We overcame these challenges through meticulous planning and community engagement. Transparent communication helped build trust, while involving local leaders addressed concerns. New centers were designed with child-friendly infrastructure, clean water, and educational illustrations. Refurbished spaces prioritized safety and functionality, transforming them into welcoming environments.

These efforts led to a 5% rise in attendance and a 15% increase in student enthusiasm. Today, these centers serve as a model for how targeted investments in early education can uplift entire communities. This experience taught me the power of collaboration and the importance of aligning long-term goals with immediate needs.

Also Read: BHU Legacy Shaping Generations of Leaders and Innovators

What advice would you offer to young professionals and administrators aspiring to make a significant impact in the education sector?

My advice is simple.

• Define a Clear Vision: Understand the challenges you aim to address and align your goals with community needs.

• Leverage Technology: Use tools like smart classrooms to enhance learning and engagement.

• Prioritize Inclusivity: Focus on underserved communities, creating spaces like Braille libraries and modernized Anganwadi centers.

• Collaborate: Engage educators, local authorities, and stakeholders for collective ownership.

• Measure and Adapt: Track impact metrics to refine strategies and demonstrate results.

• Stay Persistent: Challenges are inevitable, but adaptability and persistence will guide you through. By combining innovation, inclusivity, and community focus, young professionals can drive meaningful change and create educational systems that empower students and communities alike.

AICTE and DST Launch India’s First UG Minor Programme in Quantum Technologies under National Quantum Mission

AICTE and DST

In a landmark step toward empowering India’s next generation of engineers with cutting-edge skills in quantum science and technology, the All India Council for Technical Education (AICTE) and the Department of Science and Technology (DST) have unveiled a model curriculum for an undergraduate (UG) minor programme in quantum technologies. This initiative, developed under the ambit of the National Quantum Mission (NQM), is set to position India as a global leader in this transformative field.

The programme, tailored for engineering students from diverse disciplines, will be implemented in select AICTE-approved institutions across the country starting from the next academic session. It is designed to begin in the third or fourth semester, requiring prerequisites in basic engineering, mathematics, physics, and programming.

Curriculum Highlights: Bridging Academia and Industry

The newly introduced UG minor programme encompasses four critical verticals of quantum technology:

  1. Quantum Computing and Simulation
  2. Quantum Communication and Cryptography
  3. Quantum Sensing and Metrology
  4. Quantum Materials and Devices

With a total of 18 credits required to complete the minor, the programme offers flexibility by allowing students to select from a pool of over 30 credits, ensuring institutions can adapt to their unique resources. The curriculum integrates theoretical knowledge with hands-on lab sessions, focusing on real-world applications to bridge the gap between academia and industry.

Each course within the minor is designed to provide three credits, with one credit translating to an in-class contact hour or a three-hour lab session per week. This modular approach ensures comprehensive training while accommodating the diverse needs of students and institutions.

Faculty Training and Infrastructure Development

Recognizing the pivotal role of faculty and infrastructure, AICTE and DST will conduct Faculty Development Programmes (FDPs) to equip teachers with the necessary expertise to deliver quantum education. The National Quantum Mission will also support the creation of teaching labs in select institutions, aiding in the practical application of the curriculum.

According to Professor Ajay K. Sood, Principal Scientific Advisor to the Government of India, this initiative marks a decisive step in creating a quantum-ready workforce. “The programme integrates theoretical understanding with practical exposure to quantum technologies, aligning with the goals of the National Quantum Mission to establish India as a global quantum hub,” he said.

Professor Abhay Karandikar, Secretary, DST, emphasized the inclusive nature of the curriculum, stating, “The programme is designed to accommodate the diversity of institutions across India and will provide engineering students with a robust foundation in quantum technologies.”

A Quantum Leap for India’s Education and Technology Ecosystem

This pioneering initiative aligns with the National Quantum Mission’s strategic vision of accelerating research and technology development in quantum science. By addressing multidisciplinary needs, the programme aims to create a skilled workforce capable of tackling challenges from basic research to applied innovation.

Professor T.G. Sitharam, Chairman of AICTE, hailed the initiative as a new chapter in India’s quantum revolution. He stated, “The curriculum is ready, and we aim to roll it out in premier institutions by the next academic session.”

Dr. Ajai Chowdhry, Chairman of MGB NQM, highlighted the importance of internships, suggesting they be integrated alongside coursework to maximize student value.

AICTE and DST

Additional Initiatives Under National Quantum Mission

Beyond the UG minor programme, AICTE and DST plan to introduce supplementary resources, including:

  • Creation of quantum teaching labs.
  • Development of course-specific textbooks.
  • Quantum awareness programmes to foster interest and understanding among students and educators alike.

Also Read: UGC Launches Cybersecurity Handbook to Promote Safer Digital Practices in Higher Education

The Road Ahead

With the introduction of India’s first UG minor programme in quantum technologies, the AICTE and DST have set a transformative precedent. The initiative not only aims to elevate India’s technical education landscape but also ensures the development of a skilled, globally competitive workforce equipped to lead advancements in quantum science and technology.

This collaborative effort underscores India’s commitment to innovation, capacity building, and technological leadership, with the National Quantum Mission serving as a landmark model for future breakthroughs in the quantum domain.

AICTE and DST

UGC Launches Cybersecurity Handbook to Promote Safer Digital Practices in Higher Education

UGC

The University Grants Commission (UGC) has introduced the “Handbook on Basics of Cyber Hygiene for Higher Education Institutions,” a comprehensive resource aimed at enhancing cybersecurity awareness among faculty, students, and non-teaching staff.

This initiative is part of UGC’s commitment to strengthening the cybersecurity framework within educational institutions and promoting safe online practices. The handbook is accessible on the UGC’s official website.

The handbook provides detailed guidelines and best practices to foster a culture of cybersecurity within higher education institutions. It covers topics such as understanding cyber hygiene, identifying common cyber threats, and implementing preventive measures to protect digital assets.

In an official notice, UGC emphasized the importance of this resource, stating that its proactive adoption will support the development of a secure academic ecosystem and ensure adherence to best practices for protecting digital assets in higher education institutions.

The handbook also addresses the legal framework for cybersecurity in India, providing insights into relevant laws and regulations. Additionally, it offers guidance on career opportunities in cybersecurity, aiming to equip stakeholders with the knowledge to navigate the digital space safely.

UGC has urged all higher education institutions to encourage their communities to refer to this handbook. By adopting its recommendations, institutions can enhance their cyber resilience and contribute to a safer digital environment in academia.

The handbook is available for download on the UGC website.

In recent years, the significance of cybersecurity has grown, driven by rapid digital transformation. The demand for cybersecurity professionals has surged as organizations seek experts to prevent data breaches and fraud. Recognizing this, several Indian Institutes of Technology (IITs) and other leading institutions now offer specialized cybersecurity courses. For instance, the School of Open Learning (SOL) at Delhi University provides various short-term courses, including Cybersecurity Training, to equip students with essential skills in this critical field.

Also Read: ICAI Launches Advanced Residential Programme and AI-Powered ‘CA-GPT’ Platform

By introducing this handbook, UGC aims to empower stakeholders in higher education with the necessary knowledge and tools to maintain robust cyber hygiene, thereby fostering a secure and resilient academic environment.

ICAI Launches Advanced Residential Programme and AI-Powered ‘CA-GPT’ Platform

ICAI

The Institute of Chartered Accountants of India (ICAI) has announced important initiatives to advance professional education and leverage technology. Among the highlights are the launch of a flagship residential programme and an AI-driven platform called “CA-GPT.”

Starting January 7, 2024, ICAI will introduce its flagship residential programme, Advanced Flagship Program: Empowering Trusted Advisors – Unlocking the Potential of Family Enterprises. Designed for Chartered Accountants (CAs), the five-day programme focuses on addressing the unique challenges faced by family businesses.

Led by Nupur Pavan Bang, Director and Dean of ICAI Centre of Excellence, Hyderabad, the programme will include sessions on:

  • Understanding family businesses
  • Succession planning
  • Governance and conflict resolution
  • Strategies for sustainable growth

Participants will engage in case studies, simulations, and group activities, fostering practical learning and collaboration. Limited to 50 participants, the programme follows a first-come-first-serve selection, subject to eligibility criteria reviewed by ICAI experts. The registration fee is ₹50,000 plus 18% GST, covering accommodation and meals at the Hyderabad campus. ICAI plans to offer additional sessions based on the feedback from this inaugural batch.

Expansion of Centres of Excellence
ICAI is also working to expand its Centres of Excellence network across India. Currently operational in Hyderabad, Jaipur, and Kolkata, the institute aims to establish new centres in Bengaluru, Sonipat, Maharashtra, and other regions within the next three years.

Introduction of ‘CA-GPT’ and AI Courses
In a significant technological leap, ICAI has introduced CA-GPT, an AI-powered platform designed to support its members and students. The platform reflects ICAI’s commitment to embracing innovation and integrating advanced tools into its ecosystem.

Additionally, ICAI has launched specialised five-day courses on artificial intelligence, aimed at enhancing the AI skills of CAs. With 200 sessions conducted in 2024, these courses underscore the institute’s dedication to equipping its members with cutting-edge knowledge.

Also Read: India’s AI Leap: AICTE Declares 2025 as the Year of Artificial Intelligence

Empowering Members Through Innovation
ICAI President CA Ranjeet Kumar Agarwal highlighted the importance of these initiatives in empowering CAs through advanced education and technology. “These programmes and platforms represent our commitment to fostering excellence and innovation within the profession,” he stated.

India’s AI Leap: AICTE Declares 2025 as the Year of Artificial Intelligence

AICTE

In a significant move to position India at the forefront of technological innovation, the All India Council for Technical Education (AICTE) has declared 2025 as the “Year of AI”. This initiative aligns with Prime Minister Narendra Modi’s vision of establishing India as a “Vishwa Guru” (world leader) in emerging technologies. AICTE aims to empower over 14,000 colleges and 40 million students nationwide to embrace and integrate Artificial Intelligence (AI) into their academic and professional pursuits.

AICTE Chairman Prof. T.G. Sitharam has urged all educational institutions to commence the new year by taking an AI Affirmation Pledge, symbolising their commitment to AI integration. He also encourages institutions to engage in transformative AI-driven activities throughout the country. To facilitate this transition, AICTE has mandated that all institutions submit their AI Implementation Plans by December 31, 2024, thereby becoming active participants in India’s AI revolution.

AICTE’s  AI Affirmation Pledge Form

This declaration is part of AICTE’s broader strategy to enhance technical education in India. The council has been proactive in promoting AI education, recognizing its potential to revolutionize various sectors. In line with this, AICTE has been facilitating internships in AI, Data Science, Machine Learning, and other emerging technologies. Notably, AICTE has set an ambitious goal to provide 10 million internships for technical graduates by 2025, having already facilitated 5.4 million, with a significant increase in virtual internships post-pandemic.

AICTE’s initiative is expected to have a profound impact on India’s educational landscape. By integrating AI into the curriculum, students across various disciplines will gain essential skills, preparing them for the evolving job market. This move is anticipated to foster innovation, enhance employability, and contribute to India’s economic growth.

Institutions are encouraged to develop comprehensive AI Implementation Plans that include curriculum development, faculty training, infrastructure enhancement, and industry collaboration. AICTE has assured support in terms of resources, guidelines, and best practices to assist institutions in this transformative journey.

Also Read: Aakash Chaudhry’s Sparkl Edventure Gets Backing from Zomato and Zerodha Founders

As the deadline for submission approaches, educational institutions across the nation are mobilizing resources and strategizing to align with AICTE’s vision. This collective effort signifies a monumental step towards embedding AI into the fabric of India’s education system, ensuring that the country not only keeps pace with global technological advancements but also leads the way in AI education and innovation.

BHU Legacy Shaping Generations of Leaders and Innovators

Prof. Sudhir Jain

Banaras Hindu University (BHU) is a glorious institution with a history spanning more than 100 years, established with a visionary plan by its founders. The sheer size of the university and the breadth of its disciplines—engineering, medicine, law, management, performing arts, and more have produced eminent scholars and leaders who have significantly contributed to solving India’s challenges. Padma Shri Awardee, Prof. Sudhir Jain, Vice Chancellor of Banaras Hindu University, reflected on the institution’s remarkable legacy in an exclusive interview with Dr. Ravi Gupta, Founder & CEO of Elets Technomedia and Editor-in-Chief of Digital Learning Magazine. Edited excerpts:

Prof. Sudhir Jain

What was the different approach you took in building a new institution, and what challenges did you face? Could you talk about this journey?

In academia, many of us are fortunate to have opportunities to teach, conduct research, or even lead institutions as directors or vice-chancellors. However, very few are privileged to build a new institution from the ground up. This was an extraordinary and rare honor—not just for myself as the director, but also for my colleagues, students, and staff.

I often emphasized to everyone involved—students, faculty, and non-teaching staff—that we had a once-in-a-lifetime opportunity to create something truly special. It was a chance to come together as a team and design an institution that could reflect India’s highest aspirations for academia. Because we were not burdened by the legacy challenges that established institutions face, we had the freedom to start a fresh and incorporate the very best ideas and practices.

At IIT Gandhinagar, our guiding philosophy was to learn from the successes and challenges of the first-generation IITs. We sought to adopt their best practices while consciously safeguarding ourselves against the issues and inefficiencies they encountered after decades of operation. This unique position allowed us to design an institution that could, over time, set new benchmarks for excellence.

I often likened this process to parenting. As parents dream of their children achieving more than they did and having access to opportunities they never had, I felt the same responsibility toward this institution. My vision was for IIT Gandhinagar to excel in a way that would make its community proud and inspire admiration from the older IITs. I wanted them to look at our work and say, “This new IIT has achieved even more than we did.”

This sense of purpose shaped our journey, uniting us as a team and driving us to build an institution that could serve as a guiding light for future generations.

You brought a more holistic approach to engineering education during your time at Gandhinagar. You introduced subjects like history, arts, theatre, archaeology, and other dimensions often overlooked in engineering institutions. What inspired you to think so “out of the box”?

I wouldn’t say it was as “out of the box” as people perceive it. If you look at any credible report on undergraduate engineering education by reputed institutions, they all emphasize the need for engineers to have a broad-based education. Engineers shouldn’t just know how to do something; they must also understand why they are doing it.

If an engineer lacks clarity about the purpose and implications of their work, they risk being reduced to mere technicians. In such cases, the leadership and decision-making will inevitably be in the hands of those who understand the “why,” while engineers are hired to execute the “how.” As a premier institution, we had a responsibility to produce future leaders who could solve societal problems and provide vision. This necessitated a broad-based and grounded education.

On one hand, our graduates should aspire to be global leaders, understanding the best practices and advancements around the world. On the other hand, they must be deeply aware of India’s unique challenges and societal realities. 

Our students were some of the brightest minds, having cleared rigorous and competitive exams. Once they joined us, it became our responsibility to prepare them to tackle India’s challenges and societal issues. This preparation couldn’t be limited to technical education alone. It required integrating humanities, social sciences, natural sciences, and various other disciplines into their curriculum. These subjects grounded them in the realities of India while simultaneously broadening their perspective. By doing so, we equipped them to become well-rounded leaders capable of addressing both local and global challenges.

Prof. Sudhir Jain

BHU has a rich legacy, diverse departments, a large faculty, and numerous students across disciplines ranging from engineering, humanities, and sciences to performing arts. Transitioning from a leading engineering institution to a university with such diversity and magnitude must have been a huge responsibility. Could you share your thoughts on what you had to learn or unlearn in this journey?

I feel privileged and fortunate to have had such wonderful opportunities in my career. My journey began with a narrow focus as an earthquake engineering expert teaching within that specialisation. However, as I progressed in my teaching and research career, I realised that earthquake engineering cannot be viewed in isolation. It must be seen within the broader context of civil engineering.

This understanding led me to think about how civil engineering as a discipline could evolve to address earthquake-related challenges more effectively. Over time, I realised that even civil engineering must be integrated into the broader scope of engineering education. From there, my perspective expanded further, leading me to think about how overall education could be improved to enhance engineering education.

Serving as the Vice Chancellor of Banaras Hindu University is an extraordinary privilege. BHU is a glorious institution with a history spanning more than 100 years, established with a visionary plan by its founders. The sheer size of the university and the breadth of its disciplines—engineering, medicine, law, management, performing arts, and more have produced eminent scholars and leaders who have significantly contributed to solving India’s challenges.

Throughout my career, I have believed in the importance of lifelong learning. At IIT Gandhinagar, I frequently told my students that they must “learn to learn” and embrace learning throughout their lives. Similarly, I have been a learner throughout my career. When I began teaching at IIT Kanpur, I learned to be a better teacher. As Director of IIT Gandhinagar, I had to learn how to lead an institution—a role I wasn’t fully prepared for on day one. Over time, I learned and improved.

Now at BHU, the journey of learning continues. I understood clearly that this was new territory, and I would have to learn many new things and unlearn others. This has indeed proven true. The governance system at IITs is very different from how universities in India are managed. As a result, I have had to undergo significant learning and adapt my approaches.

With your extensive experience across institutions like IIT Roorkee, IIT Kanpur, IIT Gandhinagar, and BHU, how do you see the role of higher education evolving in the current scenario, especially in the context of achieving the vision of a Viksit Bharat by 2047? What changes and reforms are needed in the higher education ecosystem?

Education has always been important, but it has never been as critical as it is today. Over 200 years ago, when the British came to exploit India’s resources, they had to send their people to live in difficult conditions physically. Today, with advancements in IT, this is no longer necessary. The intellectual work done remotely, powered by good universities, now drives industries like IT, which dominate the global economy. Today’s richest companies are not in manufacturing but in IT, and these industries rely on universities to produce exceptional thinkers and problem solvers.

The same is true for defense, where electronic warfare and technological advancements play a far greater role than before. This highlights the critical importance of universities in shaping the economy and defense of the country.

I believe that the universities must go beyond merely teaching subjects or conducting exams. They must prepare students for life by focusing on three key aspects:

  1. Aspiration: Helping students develop the desire to achieve something meaningful and positive.
  2. Motivation Creating environment that builds strong motivation to achieve.
  3. Capability: Equipping them with the tools and skills needed to fulfill their goals.

The traditional approach of teaching only subjects addresses the capability part, but it is equally essential to foster aspiration and motivation. This requires meaningful teacher-student engagement, which cannot be replaced by online resources. Teachers need to engage with students deeply and inspire them to think, innovate, and lead.

To accomplish this, universities need more than good teachers and infrastructure. They also require:

  1. Good Governance Systems: Universities should operate through shared governance, where policies and norms are collaboratively developed. This empowers all stakeholders, ensuring they take ownership of the institution’s success.
  2. A Strong Institutional Culture: Institutions must create an atmosphere where teachers and students can engage meaningfully. Even the best teachers and resources cannot succeed in an unsupportive environment.

Universities cannot be governed like government departments or corporations. They require governance models that balance autonomy and accountability. For example:

  • Shared Values: Widely shared values by the community are essential. Without them, decision-making becomes inconsistent and chaotic. Whether it is about academic standards or disciplinary actions, a unified framework ensures clarity and fairness.
  • Empowerment and Autonomy: Faculty and administrators must be free to make decisions without micromanagement. For instance, a department head with an allocated budget should have the autonomy to decide its use based on departmental needs. However, this autonomy must come with accountability to ensure fairness and transparency.
  • Delegation of Authority: Decentralised decision-making fosters creativity and innovation. Overregulation limits innovation at all levels, and if faculty are not encouraged to think creatively, students will not learn to thin and innovate either.

To achieve the vision of a Viksit Bharat by 2047, universities must focus on cultivating student’s aspiration, motivation, and capability. By fostering shared values, shared governance, and a culture of autonomy and accountability, higher education can become the foundation for India’s progress.

How do you view the growth of private and foreign universities, the trend of students going abroad, and its impact on the higher education ecosystem in India?

Education is not a zero-sum game. There is space for everyone. Private institutions will not hurt public universities; if anything, they will contribute to public universities, and vice versa. A healthy educational ecosystem benefits from diversity. Private and foreign universities add diversity, new methods of governance, and innovative practices. We will find opportunities to learn and grow if we open our minds to these possibilities.

As a public university product and someone who has worked in public universities all my life, I do not see private or foreign universities as a threat. Instead, we observe them in the public university system, learn from their best practices, and adopt what works for us. Education is not a competition where someone’s gain means another’s loss; conversely, if someone improves, it can inspire and help others improve.

Moreover, there is no upper limit to excellence. Even if we think we are doing well or rank higher than others, there is always room to do better. Public universities should see private and foreign universities as opportunities for self-improvement and fostering healthy competition.

The trend of Indian students going abroad is another dimension to consider. While higher studies in specialised fields abroad are understandable, the increasing number of students leaving after 12th grade is concerning. This has economic implications, as billions of dollars flow out of India, and social implications, as younger students are less likely to return to contribute to India’s economy. If students go abroad at a young age, we risk losing valuable human resources permanently.

The solution lies in improving our educational institutions—both public and private—so that students find high-quality opportunities here. This is not to discourage anyone from studying abroad but to create a system that provides equally good options within India. 

What changes and initiatives have you introduced during your tenure as Vice Chancellor at BHU?

During my tenure as Vice Chancellor at BHU, I addressed several pressing issues within the university, particularly in administration, financial management, and the overall academic environment. Making changes in a large university is undoubtedly a complex process, but we achieved several impactful reforms:

  1. Improving Administrative Processes:
    Administrative inefficiencies were causing significant frustration for students, teachers, and other stakeholders. There were delays in clearing papers, processing payments, and handling faculty and vendor-related financial matters. To address this, we:

    • Streamlined administrative processes to make the system more responsive and accountable.
    • Introduced benchmarks and expectations for timely processing.
    • Made structural changes, such as establishing a Sponsored Research and Industrial Consultancy Cell, which implemented a single-window system to clear any papers related to sponsored projects within 72 hours. This significantly reduced bureaucracy and improved efficiency for faculty handling research projects.
  2. Recruiting Diverse Talent:
    To bring meaningful change, we brought new talent, and a combination of existing personnel and fresh talent became change agents. This approach balanced the legacy knowledge of the system with innovative ideas from new recruits:

    • Brought in officers on deputation and contractual terms.
    • Encouraged collaboration between new hires and existing staff to drive reforms effectively.
  3. Addressing Financial Challenges:
    Financial constraints were a significant hurdle when I joined. To overcome this, we:

    • Identified areas of waste and optimised fund usage, such as ensuring timely rent collection, tuition fee payments, and better investment of surplus funds.
    • Improved financial discipline and identified opportunities to increase internal revenue.
    • Successfully persuaded the government to increase grants by showcasing proactive financial management and reforms.
  4. Ensuring Discipline and Safety:
    A culture of indiscipline and safety concerns was adversely affecting the academic environment. To address this:

    • Worked on creating a secure and comfortable ecosystem for students and teachers.
    • Improved overall discipline, enabling a conducive atmosphere for academic growth and meaningful discussions.
  5. Empowering Teachers and Students:
    Our ultimate goal was to improve the quality of education and opportunities for students and faculty. Key initiatives included:

    • Providing autonomy to faculty for academic and research-related expenses, such as conference participation, purchasing equipment, or conducting experiments.
    • Introducing programs for professional growth, such as enabling teachers and students to engage in research and training abroad for six months to a year.
    • Establishing the “Teach for BHU Fellowship,” which allowed PhD students to engage in teaching and gain valuable experience in post-thesis submission. This initiative provided financial support and enhanced their career prospects.
  6. Fostering Leadership and Life Skills:
    To nurture leadership qualities and life skills, we:

    • Sent over 100 faculty members to premier institutions for leadership training.
    • Created specialised leadership and life skills committees in every faculty.
    • Launched a strong counseling service accessible to students and other stakeholders.
  7. Student-Centric Initiatives:
    Several programs were introduced to enhance student opportunities, including:

    • Internship programs for our master’s graduates.
    • Ambitious leadership development initiative.
    • Enhanced counseling services to support student mental health and well-being.

When I reflect on the changes we have implemented, I see significant progress in administrative efficiency, financial stability, and opportunities for personal and professional growth for students and teachers alike. While these changes have already started showing results, their long-term impact will become increasingly evident in the years to come. Maintaining these initiatives and continuously monitoring and improving them through mid-course corrections will be critical to ensuring their sustained success.

Employability is a major issue in the country, with significant political and social dimensions. How does BHU address this issue, and what initiatives are being implemented to enhance employability?

I believe it is the responsibility of schools, colleges, and universities to prepare students not just academically but for life, which includes employability. Employability today demands more than technical skills. For instance, if you were to hire a driver, it is not sufficient that the driver knows how to drive. The driver must also have the discipline to show up on time, conduct themselves professionally, and be reliable. Similarly, universities must go beyond teaching subjects like physics, chemistry, or history; we need to prepare students for life.

When a teacher insists that a student arrives on time for class, it is not about the teacher’s ego—it is a life lesson. Punctuality and discipline are critical workplace skills. If a student learns to submit an assignment on time or meet deadlines during university, they are developing habits essential for professional success. Unfortunately, we sometimes fail our young people by being overly lenient.

I often share a story to illustrate this point: In a factory, a worker was required to wear safety goggles while welding. However, he found the goggles uncomfortable and often avoided wearing them, despite repeated reprimands from his supervisor. One day, an accident occurred, and the worker lost his sight. Later, when his supervisor visited to express sympathy, the worker angrily refused to meet him. After much persuasion, the worker allowed the supervisor to visit but blamed him for the accident. The worker argued that if the supervisor had fired him for not following safety protocols, he would have retained his eyesight and found another job.

The moral of this story is clear: leniency in enforcing discipline can have long-term adverse consequences. Similarly, as educators, if we pass students who do not deserve to pass, or fail to enforce discipline, we are not preparing them for the challenges of life. If we were strict when necessary—failing a student or taking disciplinary action when required—we might inconvenience them temporarily, but we would prepare them for a lifetime of success.

Prof. Sudhir Jain

As teachers and academic institutions, we must adopt a broader perspective. Our goal should not be to gain short-term popularity with students but to equip them for the long run. A little strictness today can yield significant benefits for their future careers. Ultimately, our effectiveness as educators lies in preparing students to thrive in the real world, even if it requires taking difficult decisions now for their benefit in the years to come.

Also Read: Centurion University Pioneering Skill-Based Education

The Hon’ble Prime Minister has emphasized the importance of Start-Up India and urges universities to encourage students toward startups and entrepreneurship. What initiatives has BHU taken in this regard?

I believe that preparing young students for startups begins with providing them autonomy. For example, if a parent gives their child ₹100 as pocket money but dictates how much they can spend on chocolates, novels, or other items, they are stifling the child’s creativity. Similarly, if we run a university hostel with strict rules about how every aspect of the hostel functions—down to the smallest details—we are restricting students’ opportunities to problem-solve and innovate.

When students are given autonomy to manage their own lives and affairs, with supervision to prevent misuse or abuse, they gain self-esteem, confidence, and the ability to think critically. For instance, if a 10-year-old learns to budget their pocket money creatively or an 18-year-old in a university learns to manage hostel affairs independently, they are developing skills essential for entrepreneurship. These experiences nurture a fertile imagination and encourage them to identify opportunities where they can contribute to unmet needs while building a sustainable livelihood.

I strongly feel that universities need to do much more to empower students by granting them autonomy. This approach not only fosters creative thinking but also builds a foundation for entrepreneurial mindsets, enabling students to eventually take part in initiatives like Start-Up India and make meaningful contributions to society.

Aakash Chaudhry’s Sparkl Edventure Gets Backing from Zomato and Zerodha Founders

Aakash Chaudhry

Aakash Chaudhry, a leading name in India’s education sector, has made a high-profile entrepreneurial comeback with the launch of his new venture, Sparkl Edventure. Backing his latest foray are prominent consumer tech billionaires – Deepinder Goyal of Zomato and Nithin Kamath of Zerodha. According to reports, Kamath’s Rainmatter fund, along with Goyal, is participating in a $4 million seed funding round, which is expected to draw more marquee investors.

Sparkl’s Vision and Early Rollout

Sparkl, co-founded in October 2024 by Aakash Chaudhry along with Pavan Chauhan and Ritesh Hemrajani, founders of Meritnation.com, focuses on one-on-one online tutoring for students in grades 6 to 12. The platform specialises in International Baccalaureate (IB) and Cambridge curricula, offering personalised classes in subjects like mathematics, science, languages, and business studies.

Initially planned for a New Year launch, Sparkl advanced its timeline after completing product development ahead of schedule. The platform is already enrolling students from major Indian cities such as Delhi NCR, Bengaluru, Pune, and Hyderabad, as well as from Singapore.

“The seed funding will be instrumental in scaling operations and enhancing tech capabilities,” said a source familiar with the developments.

Strategic Focus and Market Opportunity

Chaudhry’s move comes three years after his family business, Aakash Educational Services Ltd (AESL), was sold to Byju’s in a $950 million cash-and-stock deal. Despite the sale, Chaudhry retains an 11% stake in AESL, which was built by his father, JC Chaudhry, into a test prep powerhouse serving over 250,000 students annually.

Unlike AESL’s offline-first approach, Sparkl is a fully digital platform. It is designed to cater to students pursuing international curricula or aiming to study abroad, tapping into India’s $900 million IB/Cambridge market and a $2 billion global opportunity.

Sparkl also plans to integrate mental health and well-being support into its offerings. “Students face immense stress and peer pressure today. Sparkl will include monthly interactions with well-being coaches to address emotional and social challenges,” shared a source.

Also Read: Andhra Pradesh Partners with PhysicsWallah and TBI to Build a Future-Ready Education System

The Road Ahead

India’s edtech landscape is highly competitive, especially in the premium K-12 tutoring and global test prep space. However, Chaudhry and his team are betting on Sparkl’s bespoke approach and tech-enabled solutions to stand out.

With industry stalwarts like Deepinder Goyal and Nithin Kamath backing the venture, Sparkl is poised to make significant inroads in both domestic and international markets.

Andhra Pradesh Partners with PhysicsWallah and TBI to Build a Future-Ready Education System

PhysicsWallah

In a landmark move, the Andhra Pradesh government has partnered with EdTech leader PhysicsWallah (PW) and the Tony Blair Institute for Global Change (TBI) to transform the state’s higher education landscape. The state signed a Memorandum of Understanding (MoU) with PhysicsWallah on Friday, December 20, to establish a pioneering University of Innovation (UoI) with a focus on artificial intelligence (AI), emerging technologies, and entrepreneurial education. The state also inked an agreement with TBI to modernise its higher education framework in alignment with global standards.

The University of Innovation, developed in collaboration with PhysicsWallah, will focus on artificial intelligence (AI), emerging technologies, and entrepreneurial education. Touted as Andhra Pradesh’s first Institute of Eminence (IoE), it aims to equip students with new-age skills and promote innovation-driven research.

The university will adopt a hub-and-spoke model, with its central campus serving as the hub and satellite centers across the state acting as spokes. This approach will offer students from diverse regions access to a blended learning model, combining online and in-person experiences. To keep the curriculum market-relevant, PhysicsWallah will collaborate with industry leaders like Amazon Web Services India to deliver market-aligned courses and skill development programs.

Speaking on the occasion, Nara Lokesh, Minister for Human Resources Development, said: “This initiative not only advances innovation but also equips our youth with industry-aligned skills, positioning Andhra Pradesh as a leader in talent and knowledge creation.”

PhysicsWallah’s founder and CEO, Alakh Pandey, and co-founder, Prateek Maheshwari, were also present at the event.

Modernising Education with Global Standards

Simultaneously, the state government has teamed up with the Tony Blair Institute for Global Change to overhaul its higher education framework. The partnership focuses on aligning government-run universities, polytechnics, and colleges with global standards to enhance employability and economic growth.

The TBI will assist Andhra Pradesh in identifying opportunities for improvement, fostering innovation, and implementing transformative policies. It will also provide strategic advice and technological expertise to ensure the education system meets the demands of the evolving global economy.

Also Read: PhysicsWallah Goes Public, Prepares for 2025 IPO Amid Rapid Expansion

A Vision for the Future

By joining forces with PhysicsWallah and TBI, Andhra Pradesh aims to equip its youth with future-ready skills, modernise its education ecosystem, and foster inclusive growth. These collaborations mark a transformative phase in the state’s journey toward becoming a hub for talent and innovation on the global stage.

PhysicsWallah Goes Public, Prepares for 2025 IPO Amid Rapid Expansion

PhysicsWallah

Edtech unicorn PhysicsWallah has transitioned to a public company, renaming itself PhysicsWallah Limited as part of its preparations for an initial public offering (IPO) in 2025. The company’s board approved the resolution earlier this month, marking a significant milestone in its journey from a startup to a publicly traded entity.

PhysicsWallah plans to list its equity shares on “one or more stock exchanges” and has engaged Axis Capital, Kotak Mahindra Capital, Goldman Sachs, and JP Morgan to manage its proposed $400–$500 million IPO.

The move comes on the heels of a $210 million Series B funding round in September 2024, led by Hornbill Capital, which valued the edtech giant at $2.8 billion. Other participants in the funding round included Lightspeed Venture Partners, GSV Ventures, and WestBridge Capital. PhysicsWallah first achieved unicorn status in 2022, following a $100 million funding round led by WestBridge and GSV Ventures at a valuation of $1.1 billion.

Since its inception in 2020 by Alakh Pandey and Prateek Maheshwari, PhysicsWallah has diversified its offerings significantly. The company operates hybrid and offline learning centers in over 105 cities across India and has ventured into test preparation across 43 categories, skilling initiatives, and higher education, including study-abroad programs. Additionally, it runs two Gurukulam Schools, emphasising traditional and modern education integration.

The edtech platform also claims to provide free education to over 46 million students through its 112 YouTube channels, available in five vernacular languages, reinforcing its commitment to accessible education.

Despite its growth, PhysicsWallah reported a net loss of ₹1,131.2 crore in FY24, up from ₹84.06 crore in FY23. However, its operating revenue surged 2.6 times to ₹1,940.4 crore in FY24, compared to ₹744.3 crore the previous year, showcasing robust demand for its services.

Also Read: Veranda Learning to Secure ₹250 Crore Funding to Revolutionise Commerce Education

With its evolution into a public company, PhysicsWallah aims to strengthen its position in the edtech space, leveraging its extensive reach and diverse offerings as it prepares to debut on the stock market in 2025.

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