HDFC ventures into education sector; to launch first school soon

New Delhi: Mortgage lender HDFC Ltd has announced its foray into the education sector by launching The HDFC School.

The school is being set up by a trust with the management services being provided by HDFC Education and Development Services (HDFC Edu), a wholly-owned subsidiary of HDFC Ltd.

Admissions for the school located at Gurgaon will commence from August 25, 2014 for academic session 2015-16 for classes Nursery to Class III, HDFC said in a statement.

The HDFC School will follow CBSE curriculum and shall be affiliated to CBSE and will offer schooling till class 12.

"HDFC's aim is to enter India’s education sector with a long-term vision to create a visible impact on schooling system across the country by providing school management and other allied services, apart from setting up of schools," HDFC Managing Director Renu Sud Karnad, who is leading this foray, said.

With the flagship school in Gurgaon, the aim is to build a centre of educational excellence, the beacon of best practises in the education sector of the country, she said, adding, the focus would be to equip children with life skills, emotional intelligence and a sound value system that will hold them in good stead in the future.

The school would be headed by Anita Makkar, an educationalist and academician.

The tuition fees will range from Rs 6,500 to Rs 7,500 per month with an additional annual fee and one time admission charges.

HDFC is already present in education finance sector through its subsidiary, Credila Financial Services.