An initiative of Mr. Uday Kotak KOTAK EDUCATION FOUNDATION KOTAK EDUCATION FOUNDATION
An initiative of Mr. Uday Kotak
KOTAK EDUCATION FOUNDATIONKOTAK EDUCATION FOUNDATION
PROBLEM A large number of youth in India miss out on educational
opportunities
They find themselves out of place in the increasingly competitive employment market in the light of changing economy in India
There is a gap between the market demand and their skills
Despite 12 years of schooling a large number of youth end up engaging in unorganized and unskilled livelihood options minimizing returns on their labor
Lack of sustained source of livelihood results in distress, migration, social deviation. Social and economic disparity increases as a result
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INTRODUCTION: KOTAK EDUCATION FOUNDATION
Kotak Education Foundation (KEF) is a private trust of Mr. Uday Kotak and Mrs. Palavi Kotak
Mr Kotak is the main promoter and shareholder of Kotak Mahindra Group
Kotak Mahindra Group: Has various business activities like Banking, Investment Banking Stock Broking and Distribution Life Insurance Car Finance Mutual Fund KEF partners with schools or NGOs who provide infrastructure
support, to train high school / college drop-outs in the age group of 18-25 years, who belong to the economic lowest 30% of society, defined at a monthly family income of less than Rs. 4000.
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% MUMBAI RAIGARH
Illiteracy 10 15
Below primary
6 11
Primary 17 18
Middle 18 21
Secondary 22 18
Higher Secondary
14 10
Graduate & above
13 7
Some facts from TISS Report
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OBJECTIVES To cater to youth from economically and educationally weak
backgrounds
To be responsive to the youth’s emotional and development needs
To improve the quality of life of such youth and their families
To foster an environment of learning and mentoring
To establish strategic tie ups with industry and business establishments in order to provide market based opportunity / access to opportunity
To provide sources of sustainable livelihood to help these youth and their families rise above the poverty line
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KOTAK EDUCATION FOUNDATION TRAINING
The training is for a period of 3-4 months
The focus of the training is on: Life Skills Technical Skills – Theory & Practical On-job Training Personality Development Work Readiness Communicative English Computer Literacy Placement Support.
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KOTAK EDUCATION FOUNDATION Training is presently given in Hospitality Services, Customer
Relations & Retail Sales, ITES ,BPO and Logistics
The knowledge and skills enhanced through this initiative would help the youth to acquire sustainable livelihood.
Each domain has maximum student strength of 35, in order to maintain quality and a reasonable facilitator-student ratio.
At the end of the training period attempts are made for placement at a remuneration of above Rs. 6000/- per month.
Placements are in the organized sector s that are non-exploitative and those that provide opportunities for career growth.
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THE KOTAK – UNNATI PROCESS
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BUSINESS 2 YOUTH (B2Y) NETWORKING WITH CORPORATES
Guest lectures on specific topics
Permitting students to visit their facility for industry exposure
Providing opportunity for one week on-the-job training
Providing opportunity for part time jobs.
Providing infrastructure to conduct the training programme
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Helping to develop appropriate and updated curriculum
Imparting training related to the specific industry
Providing equipment for practical training
Mentoring support for candidates on a regular basis
Training of Trainers
Recruiting students from Kotak-LABS
Financially contributing towards training cost for self sustainability of Kotak LABS
BUSINESS 2 YOUTH (B2Y) NETWORKING WITH CORPORATES
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PROGRESS TO DATE Concluded the BOT [Build – Operate - Transfer] agreement with Dr Reddy
Lab in Feb 2008.
DRF continues to support the program through training and quality audit
Certificates issued jointly by DRF and KEF.
Operational through 9 centres in Mumbai and Raigad Districts at:
1. Akurli Panvel 2. Vasai
3. Vashi, Navi Mumbai 4. Govandi East, Mumbai
5. Bhandup West, Mumbai 6. Lower Parel, Mumbai
7. Bandra East, Mumbai 8. Goregaon East, Mumbai
9. Bhiwandi
* currently closed – to be shifted to a new venue
May 2, 2023
PROGRESS TO DATE
Have experienced the learning curve through 5-6cycles.
Established relationship with 125 plus employers.
Established relationship with NGOs, CBOs, Sarpanch and local leaders
Recruited 40 professionals in the team
Candidates trained at Kotak LABS have excelled at their places of work with some of them getting opportunities to grow to the next level
Data as on 31.03.2010
Total Trained 2099Total Placed 1506
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We have 130 Companies supporting us for recruitment. In addition the companies provide for guest lectures,field visits ,OJT and Training for Kotak
Education Foundation
THE LABS IMPACT Has given aspirants a sense of direction and purpose in life
Created role-models for underprivileged youth in the communities
Channelized energies of youth towards socially purposeful and economically beneficial directions
Provided exposure to various employment options outside their communities
Reduced gender inequality by providing equal opportunities
Increased confidence levels and instilled a sense of achievement among the youth
Increased income levels on a regular basis leading to improved quality of life, better lifestyle and standard of living
Created first generation of people working in the non-traditional sectors of economy thus giving them alternate sources of livelihoodMay 2, 2023
WE MOVE ON…
WITH HOPE & ENTHUSIASM
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THANK YOU !
May 2, 2023