NAME OF THE ORGANISATION : ELEMENTS AKADEMIA
MAN BEHIND THE IDEA NISHANT SAXENA
SECTOR : EDUCATION Elements Akademia - conceptualized, funded and run by a group of 12 IIM Alumni - is India's first Finishing School aimed at bridging the gap between academics and industry requirements, thereby making Graduates Employable.The Education Sector in India is Huge ($30bn... ET) and Hot (Top 3 sectors to invest in... Evalueserve). Within that, Making Youth Employable is a sunrise sector with $0.5bn market size. Years of socialism has unfortunately resulted in multiple low quality, high cost players. The other business opportunities the company views are as follows Very credible management team:
Investors and Core Management team from the IIM`s with 10-20 years of industry experience, Early Financial Indicators very positive: $1mn+ revenues in first full year of Operations, $5mn valuation in last funding round with just 6 months of Operations, Offer from a Top Indian company to buy 20% stake
FUTURE AHEAD
Scaling up without losing focus on Quality: Our vision is to reach $10mn revenues by 2010 (30 months from launch, currently on track). And ensure Tier I quality (currently 90%+ of students in a biweekly confidential survey rate our course as Best Ever, 80% plus placements as current). Usually quality tends to go down during rapid expansion phase (especially if you use quick options like Franchising). Getting a handle on both Quality and Revenues will be a challenge
