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Kota-based institutes see admissions drop by 31% in 2024: Allen’s Rajesh Maheshwari

EntrackrEntrackr · 1y ago
Kota-based institutes see admissions drop by 31% in 2024: Allen’s Rajesh Maheshwari
Medial

Rajesh Maheshwari, founder director at Allen Career Institute, has acknowledged that admissions to Kota-based educational institutions have declined this year. In a note to educators, as seen by Entrackr, Maheshwari stated that admissions this year so far are down by nearly 31% compared to the previous year. He, however, attributed this decline to “disinformation” [translated from Hindi] against the city of Kota. Maheshwari disclosed that there have been 46,000 admissions in the medical quota, which is down by nearly 33% from the previous year. Similarly, there have been less than 24,000 admissions in the IIT category compared to 33,000 last year. He added that total admissions are less than 80,000 this year, compared to 115,000 last year. “We stood together during a tough situation like COVID and showed the world why Kota is the frontrunner…,” Maheshwari said in the note [loosely translated from Hindi]. “Allen has performed well in all examination categories… There has been good work in the areas of student care too, which has helped reduce disinformation,” he added. It is worth noting that the admissions rates have been declining for a while. In September 2023, The Ken reported that Kota saw nearly a 20% decline in student admissions since June 2023. Kota, a city in Rajasthan, has become a major hub for students from across the country preparing for competitive exams, such as IIT or medical entrance tests. Institutions like Allen have been pioneers in establishing the city as an educational hub. The coaching industry is pegged to be worth Rs 6,000 crore. But there is a dark side to the city as well. While there is always a rush to get admissions in such institutions, the city is now mushroomed with small-sized hostels and paying guests. Moreover, there have been accusations of putting a high pressure on students to perform. In 2023, as many as 23 students died by suicide. It is worth noting that this number was 15 in 2022. In a bizzaire order in 2023, local administration ordered hostels to install a spring device on ceiling fans, dubbed as ‘anti-suicide’ device. Maheshwari’s comments come amid ongoing controversies over cancellations of several key examinations over paper leaks. There have been sporadic protests as well. As far as the Kota factory goes (pun intended), we’re likely to see city-based institutes offer more lucrative facilities, discounts, and other incentives to retain students and compete with each other. However, we’re not very sure if this will address the real despair of aspirational students in the country. We have reached out to Rajesh Maheshwari to understand more about the admissions and efforts to improve students’ care. We will update the copy as soon as we hear from him.

InMobi, Glance, NoBroker, Yulu, Knowlarity founders pledge Rs 100 Cr for IIT Kanpur school

EntrackrEntrackr · 16d ago
InMobi, Glance, NoBroker, Yulu, Knowlarity founders pledge Rs 100 Cr for IIT Kanpur school
Medial

InMobi, Glance, NoBroker, Yulu, Knowlarity founders pledge Rs 100 Cr for IIT Kanpur school The Class of 2000 alumni from the Indian Institute of Technology (IIT) Kanpur has committed Rs 100 crore to establish a new academic unit called the Millennium School of Technology and Society (MSTAS) at the institute. The announcement was made during the batch’s silver jubilee reunion held in Kanpur. The proposed school will focus on the intersection of technology, public policy, ethics, and societal impact, and is positioned as a complement to IIT Kanpur’s existing strengths in engineering and science. The contribution is among the largest pledges made by a single graduating batch to an Indian academic institution. Often referred to as the Millennium Batch, the Class of 2000 is known for its strong presence in entrepreneurship and global technology leadership. Alumni from the batch have founded or co-founded companies such as InMobi and Glance, NoBroker, Yulu, Knowlarity, and Card91, and have also been involved in ventures like Cohesity and Martini. Some members were early employees at WhatsApp. Several alumni from the cohort currently hold or have held senior roles at global organisations including Nvidia, Microsoft, Amazon, Intel, BCG, Morgan Stanley, and GIC. The batch has produced three unicorns such as InMobi, Glance, and NoBroker, the highest number from any IIT Kanpur batch so far. As part of the collective pledge, Naveen Tewari, founder and CEO of InMobi and Glance, has committed Rs 30 crore individually. According to IIT Kanpur, the new school aims to encourage interdisciplinary education and leadership development, with an emphasis on understanding the broader implications of technology-driven change. Alumni involved in the initiative described it as a long-term institution-building effort. The timeline and operational details of MSTAS are expected to be outlined by the institute in the coming months.

Services replaces edtech as most popular sector among student founders: Campus Fund report

Economic TimesEconomic Times · 1y ago
Services replaces edtech as most popular sector among student founders: Campus Fund report
Medial

According to a report by Campus Fund, the most popular sector for student founders in India has shifted from edtech to services for the first time in 2023. Campus Fund evaluated 4,800 student-led startups and found that the percentage of startups offering services increased significantly from 1.71% to about 12%. The report suggests that rising higher education costs and the gig economy have created a favorable environment for student-led startups offering services. The other favorite sectors for student founders included consumer products and brands, healthtech, and consumer internet. BITS Pilani was identified as the university with the highest number of student-led startups.

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