HDFC School

The country’s largest housing finance company, HDFC, is planning to replicate its housing success in education by launching its first English medium school under the CBSE stream in Gurgaon soon. The HDFC School will be located in Sector 57 and will be the first of the many to be launched by the housing finance major’s wholly-owned subsidiary HDFC Education and Development Services.

Though the school will start functioning only from next academic year (2015-16), it will accept admissions for nursery to standard III from this month. The HDFC School will have classes up to standard 12. The housing finance major is eyeing a niche segment and will position it as ‘international schools’ in the metros.

The push into education is being spearheaded by HDFC’s Delhi-based managing director Renu Karnad. In the recent annual general meeting, HDFC chairman Deepak Parekh had said that the first school will come up this year.Besides setting up its own schools, HDFC will also be providing school management and other allied services.

HDFC had earlier entered the education finance sector by acquiring Credila Financial Services, the country’s first education loan company. The organization has diversified into banking, education, insurance, mutual funds and broking.