Edify Education to invest Rs 500 cr in 5 yrs

NEW DELHI: Edify Education, a part of DRS Group, has said it will invest Rs 500 crore to open a network of around 300 schools across India, as part of its expansion plans in the next five years.

"Edify Education is planning to have 50 Franchise Edify Schools, 250 Franchise Edify Kids pre-schools and 10 company-owned International Schools by 2015, with the investment of around Rs 250 crore and expecting Rs 250 crore through private equity," said Kavitha Jain, Vice President of Edify Education.

Agarwal Packers and Movers promoter DRS Group's education arm said it expected Rs 150 crore from the proposed investment. It claimed that it would make use of the cost-effective technology and systematic operations, coupled with phase-wise investment in order to make the proposed project profitable.

Edify Education aims to provide international schooling education at affordable prices across India and is mulling to spend the major chunk of its total investment in the smaller cities.

"In smaller cities not many schools provide quality education along with overall development of the child. Vision of Edify is to make quality education reachable across India. The project is feasible because of low setup and operational cost in these areas," Jain added.