The education industry has always been a huge success. From schools to colleges to private coaching centers, institutions have earned tenfolds each year.
Today we are here to talk about one such entrepreneur who has made big in the industry.
Pramod Maheshwari, an Indian educator, and entrepreneur who is the Founder Chairman, CEO, and MD of Career Point Ltd. a Kota, India-based Education Company. But how did it all came to be? Let’s find out about the entrepreneur and his inspiring story.
How It All Began
Born on 6 May 1971 as a second son to a grain trader, Pramod belonged to a traditional Marwari family. He studied at IIT Delhi and graduated in 1993. That is when he was deciding to weather take up a job or pursue his higher studies abroad. While he was eager to take his career forward, he wasn’t sure if he was ready to leave his family and move to a different city.
He was pondering upon his decision when he started getting queries by students in his locality on how to crack JEE. Keeping his worries aside, Pramod started giving tuitions to the aspirants.
That is when he thought that why not consider a career in the education industry. With a loan of Rs 25,000 from his father, he founded Career Point in 1993, the same year he graduated.
With limited funds, Pramod took some of the initial classes at Career Point in a tyre warehouse. In one of the interviews, he shared that in the first year he had 51 students and 15 out of them got a seat in IITs as well.
He was new to the field but being an IIT graduate himself gave him some credibility amongst the students and his zeal and enthusiasm alone towards teaching was enough to ensure the success of his venture.
About Career Point
While talking about his business model, Pramod said that its primary business model revolves around test prep and education through their centers, franchisee network, and school partners for NEET, JEE, NTSE, Olympiads, and K-12 exams.
The institute not only caters to IIT aspirants but to anyone from kindergarten to any competitive course.
To keep up with the latest teaching techniques, Pramod has also launched eCareerPoint, an e-learning interactive app with courses on how to crack engineering, medical, and K-12 competitive examinations. Classes for NEET and JEE are also available on the app.
With the coronavirus pandemic on its peak, the e-learning model has only grown and helped Pramod ensure that his business makes most out of the situation.
With numerous branches all over the country and over 1200 employees, Career Point today has a turnover of over Rs 140 crores. In fact, Pramod Maheshwari was honored with Star CEO Award during the 3rd BT–YES Bank SME Awards held in 2012 in New Delhi.
