While reaching 1 million students is a target for many organisations serving in the education space, for CLT it is the starting point of an entirely new journey. In keeping with the power of One - summarising the Organisation’s accomplishments in the last 20 years, here is how the future spells out -
O - Omni channel presence: rich pedagogy based digital content available at arms reach of every student in geographies where CLT is present,
N - New geographies being charted for strategic organic and non organic growth,
E - Empowering the internal skill and technology capacities to meet the challenges in the years ahead.
Last three years have seen immense internal focus on making sure that the platform, hardware and data analytics are integrated seamlessly such that classrooms running CLT’s flagship program, e-Patashale, deliver on creating an engaging and rewarding experience for students and teachers in the undeserved space. This platform has taken flight to two other states other than Karnataka - Rajasthan and Maharashtra. CLT is working closely with state governments across the country to extend its underserved footprint.
As I write this, we are listing the overseas geographies for expansion where we plan to serve schools within the next 24 months. In terms of revenues, CLT aims to double them each year for the next 5 years, with profits doubling every 2 years. The Trust is well on its way to being restructured as a Section 8 Company while a second arm is being set up to operate completely as a for profit. So the apparent firing through all cylinders will also now entail serving the private learning space. In keeping with these expansion and revenue plans, 50% of CLT’s talent has been recently recruited for specific skills and aggressive initiatives are being taken to ensure all the critical skill and technological elements are on-boarded or controlled in-house from the Bangalore campus to build functional alignment while being cost focused and promising that all last mile elements receive full support.
While all ingredients are in place, CLT aims to grow to a book size of $1 million in the coming fiscal - departing from the position of content creator in the education space to a full fledged IT enabled knowledge group that operates access points that could include other sectors.
Look forward to reporting our progress on those lines through this dynamic digital annual report and also through our other communication channels.
I’d like to thank my accomplished Board Members for their confidence, my ambitious team for its hard work and our Founder for her broad vision of inclusiveness of children around the world!
Chief Strategy Officer