Introduction:
Preschool helps children prepare for a lifetime of learning. As kids learn to read, write, and build math and science skills to get ready for school, it helps with the child’s brain’s entire growth. It encourages the development of the mind, body, and soul, which is the hierarchy of the cognitive, psychomotor, and emotional domains that consider different learning levels.
Services for schooling are provided by Eurokids International Private Limited. The business provides early childhood education services, preschool curriculum, and games. The company in India’s education industry known as EuroKids International is active in the preschool, K–12, and online learning markets. One of the top preschools in India, this preschool focuses on early childhood education and preschool programs.
_image source : eurokidsindia.com
Company Highlights:
| Company Name | Eurokids |
| Headquarter | Mumbai, Maharashtra |
| Industry | Preschool |
| Founded | 2001 |
| Founder | Prajodh Rajan and Vikas Phadnis |
| Website | https://www.eurokidsindia.com/ |
About:
Founded in 1993, Eurokids International Private Limited is a private company. It is registered with the Registrar of Companies in Mumbai and is categorized as a Non-Government Company. Its paid-up capital is Rs. 334,699,328, and its authorized share capital is Rs. 480,000,000. It relates to publishing. The most recent Annual General Meeting (AGM) of Eurokids International Private Limited took place on October 23, 2020, and its most recent balance statement was submitted on March 31, 2020, according to MCA data.
A non-government organisation, It was established on January 9, 2004. It is categorized as a “company limited by shares” and is a private, unlisted firm. The company’s authorized capital is Rs 500.0 lakhs, and its paid-up capital, which is also Rs 500.0 lakhs, is 100 percent of that amount. On September 12, 2014, Eurokids India Private Limited held its most recent annual general meeting (AGM). According to the Ministry of Corporate Affairs, the firm last updated its financial information on March 31, 2014. (MCA).
Industry:
A business with its headquarters in Mumbai is called Eurokids International Pvt. Ltd. The firm is involved in the Publishing Industries (apart from Internet) sector. On November 11, 1993, the company was incorporated. Services for schooling are provided by Eurokids International Private Limited.
The business provides early childhood education services, preschool curricula, and games. Students in India are served by it.
Founder and Team:
_image source : hr.economictimes
The co-founder of EuroKids International Ltd., Prajodh Rajan, head of curriculum development Anita Madan, and center director and franchise owner Tanushree Ghosh make up the management team. It was created back in 1993. Prajodh Rajan and Vikas Phadnis established the business as EuroKids International in 1993. It was established in 1993, and its franchise business model was first used in 2001. It joined the K12 market in 2009 with a number of EuroSchools.
For the last 19 years, the primary business of Eurokids India Private Limited has been providing community, personal, and social services. Himanshu Kanubhai Shah, Abhinav Jain, and Vikas Kamlakar Phadnis are the current board members and directors. Indu Ranjit Shahani, Prajodh Jacob Rajan, and Bhuvan Srinivasan are the directors of Eurokids International Private Limited.
Startup Story:
Since its founding in 1993, EuroKids has worked to redefine early childhood education by fostering an enjoyable and stimulating atmosphere. It has been actively involved in the transformation of the educational environment for the past 18 years. It is dedicated to providing a solid foundation for future generations through its portfolio of brands, including Kangaroo Kids Preschool, EuroKids Preschool, EuroKids DayCare, EuroSchool, and Billabong High International.
_image source: theprint.in
The group’s “Child First” philosophy makes sure that a child’s requirements for participation and growth are satisfied in a setting that feels like home. It is a kid’s second home because of its emphasis on child safety and commitment to encouraging active parental involvement throughout these critical developmental years of the child.
With 1,100+ preschools and 35 schools spread throughout more than 350 locations, EuroKids is setting new records in education every single day. For young children between the ages of 2 and 4, EuroKids launched a 26-week offline homeschooling program in September 2020. (PG and Nursery).
Mission and Vision:
The play school’s vision is to become the most innovative, transparent, encouraging, and simple to start play school, enabling parents and teachers to provide young children with better and more reasonably priced education.
Our goal is to make it possible for every child to fulfill their potential for happiness.
Business Model:
The pioneering school provides an age-based curriculum with the goal of fostering Executive Functional Skills that support kids’ learning, play, and participation in a joyful atmosphere. For the development of young brains, EuroKids offers the preschool courses listed below:
- Playgroup – Applies to kids who fall between the age group of 1.8 to 3 years
- Nursery – Applies to kids who fall between the age group of 2.5 to 4 years
- EuroJunior – Applies to kids who fall between the age of 3.5 to 5 years
- EuroSenior – Applies to kids who fall between the ages of 4.5 to 6 years.
The internal initiatives of EuroKids include Speak; Motion-based learning; Learn2Play; EuroGym; Wellness @EuroKids; and Euro music. Each initiative plays a profound role in the development of the children.
Revenue Model:
The Eurokids group is active in the K–12 and pre–school sectors. The preschool section is mostly operated under a franchise model, and the company makes money through franchisee fees, royalties, and the selling of welcome kits. In contrast, the school segment primarily makes money from the collection of tuition and other fees.
_image source: franchisegoal
Products and Services:
The company provides educational services for kids in Nursery and KGs.
Funding and Investors:
EuroKids mandates entrepreneurs to invest a sum of INR 12-20 lakhs (the exact quantum is determined based on the size of the preschool and its location). The franchise is expected to enjoy an ROI (Return on Investment) of 50%. The payback period of the capital could be anywhere between one and ten years.
Employees:
It has over 1000 employees which can count to 5000 as per reports.
Challenges Faced:
KKR has a strong track record and expertise in the education space, including through its former investments in Cognita Schools, a UK-based global private schools group, Weld North Education, a platform operator of digital and SaaS educational solutions, and Kindercare, a US-based operator of early-education and child care education facilities. So no challenges have been faced yet.
Acquisitions:
EuroKids International Pvt. Ltd. (“EuroKids” or the “Company”) and prominent Indian education services provider KKR announced that KKR has successfully acquired a majority position in the EuroKids franchise from the current investor group led by Gaja Capital.
The management of EuroKids will continue to be overseen by its group of skilled educators, managers, and co-founder and group CEO Prajodh Rajan, who will also continue to be a shareholder in the company.
Growth:
In a shorter duration of 16 years, the institution has established a network of more than 1000 preschools spread across three countries. Ranked among the top 5 preschool franchise chains in India, EuroKids offers the aspiring entrepreneur an investment-friendly opportunity providing scalable returns, thanks to its experienced management and a professional team of kindergarten experts.
Partners:
EuroKids is partnered with the State Bank of India (SBI) through which collateral-free finance loans are offered to aspiring entrepreneurs who wish to avail this entrepreneurship opportunity. Such collateral-free loans are provided for a duration of five years. A moratorium period of three months has been specified for payment of principal and interest. Women entrepreneurs could enjoy a reduction in their interest rates.
Competitors:
EuroKids’s competitors and similar companies include Acelero Learning, The Goddard School, High Jump, and Step.
Awards and Achievements:
EuroKids caters to the franchise by providing them with operational support, training (based on the EuroKids curriculum), skill enhancement programs, and the like. These qualities rendered them the distinction of being –
- The 4th ranked franchise (among all sectors) in the Annual India franchising rank of 2010.
- Winner of the “Indian Education Awards 2016.”
- Received the recognition of “IBC India’s most trusted brand” in the preschool category.
- Was awarded the “Best Licensing Program in Education” during the year 2011.
- Was awarded the “Best in Category” of the entire educational franchises put together.
- Was awarded the “Business Leadership” award in the year 2009.
Future Plan:
Over the next five years, it would invest over Rs 500 crore to grow its network. It is planned to open 1,034 preschool facilities in more than 350 cities nationwide, as well as in Nepal and Bangladesh. In the next five years, it is also planned to raise it to 3,000 in tier II and III cities. At a projected cost of Rs 500 crore, the corporation is also considering opening corporate childcare facilities and establishing 20 more Euro schools across six cities. In the last two years, the firm has invested Rs 200 crore to build K–12 schools and improve infrastructure.
FAQs:
What does Eurokids do?
It is one of the finest preschools in India that offers international standard education for kids in Nursery, Kindergarten, and Pre-primary schooling.
When was Eurokids founded?
It was founded in the year 1993, with 2001 as the year of the initiation of its franchise.
Who is the founder of Eurokids Corporation?
Prajodh Rajan and Vikas Phadnis founded it.
Who is the CEO of Eurokids Corporation?
Prajodh Rajan is the CEO.
Who are the main competitors of Eurokids?
It’s competitors and similar companies include Acelero Learning, The Goddard School, High Jump, and Step.
Conclusion:
Today’s children could emerge as the future doyens of innovation, artistry, or endeavors of their preferred kind under the tutelage of a system that identifies and hones their innate talents. Critics of the preschool system of education have little idea of the role it plays in igniting a child’s mind, however trivial it may seem. Eurokids was initiated in the year 2001 as a preschool that caters to children by providing a unique learning experience to children of tender age.
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