India's elite schools are getting pickleball courts. Their teachers are getting pay cuts

Private equity has been buying up some of India's most prestigious schools. The pitch: better governance, professional management, and much-needed capital for a struggling sector.

But inside some of these acquisitions, something else is happening. Teacher training budgets are shrinking. Salaries are stagnating. And in at least one case, a school is paying 65% of its revenue in rent — to a landlord owned by the same firm that owns the school.

Some investors have made it work. Others have changed something harder to measure.

In this episode, hosts Snigdha Sharma and Rachel Varghese speak to The Ken reporters Valli Vikram and Mutasim Khan about how private-equity firms squeeze money out of schools and what that does to them.

Read the stories here:
Private equity’s priority for Indian schools: pickleball courts over teacher training by Valli Vikram
The private-equity handbook for turning non-profit schools into cash cows by Mutasim Khan

If you have any thoughts on this episode write to us at [email protected] with Daybreak in the subject line. You can also leave us a comment on our website or the YouTube channel here.

Disclosure: Reporter Valli Vikram comes from a family that previously owned a school acquired partially by International Schools Partnership (ISP)

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