ipsaa plans to operate 200 day care centres by 2020
ipsaa, India’s largest, independently owned chain of day care centres, has announced the company’s plans to operate 200 centres in India within the next 24 months.
Kanchan Mittal, Co-founder and Chief Operating Officer of ipsaa, said, “Growing working population in India has led to significant demand of credible and quality child care. We have observed a substantial increase in demand from tier 2 cities, and will be instituting over 125 new centres in the regions of Ranchi, Coimbatore, among other cities within the next 24 months.”
The company currently operates over 75 centres in Delhi, NOIDA, Gurgaon, Mumbai, Chennai, Bangalore, Goa, Pune, Jaipur, Hyderabad and Kolkata. With employee strength of 400, the centres have capacity of over 6000 children. ipsaa plans to triple the centre capacities with the new launches.
A recent survey revealed that poor quality of child care is one of the main reasons why women quit from work, and ipsaa’s mission is to support quality childcare and support women in pursuing their careers and aspirations. Last year, the maternity act transformed the day care industry in India, and the opportunities have become multifold in the sector, for both unique day care centres, and corporate day care centres. Apart from key residential centres, ipsaa operates day care centres at HDFC ARGO, ICICI and many other institutions.
In 2017, the company also acquired Mumbai-based chain of day care centres, ICPL, to have a strong foothold in western India.