We are an institutionalized and independent platform engaged in owning, operating, and
managing on-campus student accommodation across HEIs in India and owning K-12
assets in India and Dubai trusted by leading education groups
Strong operational capabilities and superior asset management expertise.
Commitment to superior student experience and well being.
Strategically located, quality modern portfolio.
Derisked business model with clear cash flow visibility and consistent growth and profitability.
Highly experienced senior management team.
The Pre-Acquisition Group derived 65.74%, 99.24% and 99.72% of its revenue from operations in the
Financial Years 2026, 2025 and 2024, respectively, from the student accommodation business in the company's
Owned Portfolio. Any inability to maintain occupancy rates may adversely affect its business, results
of operations, financial condition, and cash flows.
The Pre-Acquisition Group derived 61.46%, 89.00% and 88.60% of its revenue from operations for
the Financial Years 2026, 2025 and 2024, respectively, from three of its largest HEIs. Any adverse
developments affecting such HEIs may adversely affect the company's business, results of operations, financial
condition, and cash flows.
The Company proposes to utilize approximately 52.38% of the Gross Proceeds of the Issue towards
acquisition of the K-12 Entities and Campuses from the fellow subsidiaries of its Promoters. The company may
not be able to achieve anticipated benefits following the acquisition of K-12 Assets, which may
adversely affect its business, results of operations, financial condition, and cash flows.
The Pre-Acquisition Group derived 70.13%, 100.00% and 100.00% of its revenue from operations in
the Financial Years 2026, 2025 and 2024, respectively, from HEIs and other student accommodation
assets (Woodstock and County) located in the northern and southern regions of India. Any adverse
developments affecting such regions may adversely affect the company's business, results of operations, financial
condition and cash flows.
Delays in payment of lease rentals by the operators of K-12 Assets or monthly management fees by
HEIs in the company's Managed Portfolio for student accommodation may adversely affect its business, results
of operations, and cash flows.
The company agreements with HEIs and K-12 Operators are subject to risks of early termination, non-renewal,
and renegotiation, which could adversely affect its business, results of operations, financial condition
and cash flows.
The sale of the company's student accommodation business at T.A. Pai Management Institute may affect its
business, results of operations, financial condition and cash flows.
The Post-Acquisition Group will relies on HEIs and K-12 Operators they engages with for the quality of
education provided to students. Any adverse effect on the reputation of the HEIs and K-12 Assets
operated by K-12 Operators, or the brands under which they operates, may adversely affect the
business, results of operations, financial condition, and cash flows of the Post-Acquisition Group.
The company expansion into greenfield development projects exposes it to regulatory, execution, financing
and reputational risks, which may adversely affect the company's business, results of operations, financial
condition and cash flows.
The Post-Acquisition Group will have a limited operating history in relation to the K-12 Assets
business, which may make it difficult to evaluate its future prospects and could adversely affect the company's
business, results of operations, financial condition and cash flows.
