MUMBAI, Dec. 18, 2019 /PRNewswire/ -- Ryan International Group of Institutions, one of India's leader in private K12 education with over 137 schools in 40 cities teaching 270,000 students and Foundation Holdings, a global investment firm focused on building sustainable, industry defining companies in the healthcare and education sectors announced the launch of a joint-venture to transform the K-12 education sector in India through a unique asset-light Managed School Platform. The JV, which will operate under the brand Ryan EduNation, sees the intertwining of two distinct and complementary skill sets: Ryan Group as the Education partner and Foundation Holdings as the Investment partner.
To accelerate growth, Ryan EduNation recently acquired the managed school platform owned by Pearson India Education Services Private Limited which already enables over 18,000 students across India to access quality education. The acquisition brings with it a best in class management team who have valuable experience in the three critical pillars of Academic Excellence, Operational Excellence and Health, Safety & Child Protection across the acquired managed school portfolio.
According to the latest research by management consulting firm Technopak, India's education market is currently valued at USD 100 billion while the digital learning market is estimated at USD 2 billion. The sector continues to be buoyed by the rapid expansion of the e-learning platforms by the world's largest population in the age bracket of six to 17 years.
Ryan EduNation will identify and implement new and effective student-centered approaches across schools to create superlative learning outcomes. These include providing teachers and learners access to essential tools to ensure high-quality preparation, standards-aligned curriculum and professional learning opportunities. There will also be an emphasis on research and development in support of new innovations.
Speaking about the new JV, Ryan Pinto, Chief Executive Officer, Ryan International Group of Institutions said, "From the time our journey began over four decades ago, the Ryan Group has made its goal to bring more of India's children into the ambit of quality, affordable education. This spirit of social inclusion has guided us to provide a range of schools across our country that bring the benefits of a quality K12 education to India's youth, their families, communities and the nation. The JV allows us to extend our social impact through the Managed School platform. Through Ryan EduNation, our vision is to provide quality education to 200,000 students annually by 2030."
Ryan Pinto added, "The Ryan International Group of Institutions is committed to being the premier institution of choice in the K-12 education segment. Our vision of providing students Excellence in Education and All-Round Development has seen us empower thousands of India's children with valuable life skills. We have been looking at various models to accelerate the pace at which we bring the benefits of education to India's children. In Foundation Holdings we found a partner who shares our objectives and ambitions. Our Managed Schools JV, Ryan EduNation, is up and running and we invite contact from like-minded school owners, land-owners and educationists to explore alliances."
Aakash Sachdev, Managing Director of Foundation Holdings, said, "Partnering with Ryan Group, with its provenance and leadership position in the K-12 segment, will enable the joint-venture to scale rapidly and become the premier education provider across the country. Foundation Holdings is committed to create massive impact by providing access to quality education to the youth of India. With USD 100 million investment committed to Ryan EduNation over the next five years, our ambition is to adopt a scalable partnership model by empowering educational institutions and passionate landowners across India to create a platform of change and impact."
Abhishek Sharma, Chief Executive Officer of Foundation Holdings, said, "Foundation Holdings has been focused on entering the Indian K-12 education sector. Education in India continues to hold immense potential for growth and development. Ryan Group, with its focus on high quality education and an accomplished educational and administrative team is a natural partner for Foundation Holdings. The association will marry Foundation Holdings' strategic insight and specific sector knowledge with Ryan Group's operational expertise and experience to offer a unique proposition in high quality education solutions."
