Chennai based, Everonn Education plans to open 300 schools over the next five years with a total project cost of Rs 3,600 crore with a view to provide quality education at affordable cost. It plans to open ten K-12 Ken Bridge schools by the end of this year, which will be operational by next academic year.
The schools will be built as part of our endeavour to provide education to all at an affordable price. Each school will be built across an area of 4-5 acres with an average cost of Rs 12 crore including the land value, taking the total project cost to around Rs 3,600 crore.
While Everonn will invest only 7 per cent of the total cost, the rest will come from partners interested in starting schools or land owners. Everonn will act as a facilitator, aggregator and manager of the project.
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