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Bachpan

Latest revenue

INR 500 crore

FY2024 · YoY: Unknown

Employees

~5,000

Sector: Preschool Education  |  HQ: New Delhi, India  |  Founded: 2004  |  Employees: unknown

Listed as: Privately held  | 

Bachpan is not separately listed on Indian stock exchanges. Refer to the parent entity or cooperative federation noted under "Listed as" above.

Company overview

Bachpan Play Schools is one of India's largest preschool chains, operated by S K Rathor's S Group based in New Delhi. The chain was launched in 2004 and runs on a franchise model in which entrepreneurs across the country open and operate centres under the Bachpan brand, paying franchise and royalty fees in exchange for curriculum, branding, training and operational support. Bachpan caters to children between two and six years of age across nursery, kindergarten and pre primary segments and supplements its preschool footprint with the Academic Heights Public School chain at the primary and secondary level, which provides an upgrade path for Bachpan graduates. The chain has more than one thousand centres across India and select international markets, with concentration in tier two and tier three cities where it competes effectively against more premium positioned national chains. The curriculum is built around play based learning, with structured modules for cognitive, language, motor and social development, supplemented by extracurricular activities. Centres are typically small format leased properties of a few thousand square feet, located in residential neighbourhoods.

Recent developments

Dec 2025 - Mar 2026

Bachpan has continued to emphasise holistic early childhood development across its preschool network. In January 2026, the brand featured in Siliconindia for its focus on quality child care and all-round development [4], while Bachpan Manao announced a partnership with Makkala Habba, signalling outreach into broader child development ecosystems [6]. The Zirakpur franchise hosted its 12th Annual Day in December 2025 under the theme "Smile and Sparkles – The Colours of India," showcasing curricular and cultural programming to parents [5].

Beyond programming, Bachpan-related cultural content has demonstrated brand resonance. A photo series titled "Bachpan" by Vicky Roy, featured in homegrown.co.in in June 2025, used the concept of childhood to advocate for universal access to happy childhoods [7]. The Logical Indian also covered Bachpan in a feature on child protection heroes in June 2025, contextualising the brand within India's broader child welfare landscape [8]. These entries reflect growing intersection between the Bachpan preschool brand and public discourse on childhood welfare.

Sources (5)
  1. Bachpan: Fostering Holistic Development with Quality Child Care - Siliconindia · Siliconindia · Thu, 15 Jan 2026
  2. BACHPAN PLAY SCHOOL ZIRAKPUR HOSTS 12TH ANNUAL DAY: “SMILE AND SPARKLES – THE COLOURS OF INDIA” - Face2News - · Face2News - · Sat, 13 Dec 2025
  3. Bachpan Manao partners with Makkala Habba - The Hans India · The Hans India · Thu, 15 Jan 2026
  4. ‘Bachpan’: Vicky Roy’s Photoseries Underlines That A Happy Childhood Should Be Universal - homegrown.co.in · homegrown.co.in · Wed, 18 Jun 2025
  5. India’s Human Trafficking Crisis: Meet 3 Real-Life Heroes Leading the Fight to Protect Women and Children - The Logical Indian · The Logical Indian · Mon, 30 Jun 2025

Competitive position

Bachpan competes in India's organised preschool segment with EuroKids, Kidzee, Tree House Education, Klay Schools, Shemrock and a long tail of regional chains and independent operators. Its advantage is depth of franchise network in non metro India, accessible pricing, and a long established brand. Its disadvantage relative to premium chains like Klay or KLAY is positioning at a lower fee point, which can compress unit economics for franchisees and limit ability to invest in curriculum and infrastructure upgrades. The Indian preschool market is structurally fragmented with the top five chains together accounting for a modest share of total enrolments, suggesting continued consolidation runway.

Key risks

Franchisee execution variability and unit closures Discretionary education spend cyclicality Premium chain competition in metros and tier one

Outlook

Bachpan Play School was launched in 2004 by S K Rathor as part of the S Group, which also operates Academic Heights Public School at the school level and Eurogress as an international affiliate. The founding insight was that growing dual income urban and semi urban families across India needed structured early childhood education at affordable price points, and that the franchise model was the only realistic way to scale to thousands of locations within a generation. The business model is built around three revenue streams. Franchise fees paid upfront by entrepreneurs setting up Bachpan branded centres, royalty payments based on enrolment volumes, and central curriculum, training, materials and marketing services charged to franchisees. The corporate office manages brand standards, curriculum design, teacher training, marketing campaigns and franchisee performance reviews, while franchisees handle real estate, hiring, day to day operations and parent relationships. The Bachpan curriculum, often branded as the Twin Brain Brilliance approach, is designed around play based and activity based learning aligned with the principles of the National Curriculum Framework and the National Education Policy 2020. The curriculum is updated periodically to incorporate emerging research on early childhood development and is delivered through structured modules, audio visual material and teacher facilitation. The centre footprint is concentrated in tier two and tier three Indian cities, where Bachpan's price positioning and brand recognition translate into strong unit economics for franchisees. Metropolitan presence exists but the chain has not chased the premium urban segment as aggressively as competitors like Klay Schools. Financials at the franchisor level are not in the public domain because S Group is a privately held company. Industry estimates suggest aggregate gross enrolment fees across the network are in the high hundreds of crore, with the franchisor capturing a modest share of that as franchise revenue. The Indian preschool industry was significantly disrupted by COVID-19 from 2020 to 2022, with extended centre closures, parent reluctance to send young children to physical centres, and franchisee bankruptcies. The recovery has been broadly v shaped, with enrolments returning and in many cases surpassing pre pandemic levels by 2023 and 2024 as both parents return to office work and as the National Education Policy formalises the Foundational Stage of education that explicitly includes ages three to eight. Strategy from 2025 to 2030 is centred on three themes. First, deepening the franchise network in tier two and tier three cities, where the addressable market is large and competition relatively fragmented. Second, integrating preschool with the K12 chain Academic Heights Public School to create a continuous educational journey for families. Third, investing in digital learning content, parent communication apps and curriculum upgrades aligned with the National Education Policy. The regulatory environment for preschools in India is lighter than for K12 schools. Preschools are governed primarily by state level shop and establishment registrations, fire and safety regulations, child protection norms under the Juvenile Justice Act and the POCSO Act, and the Right of Children to Free and Compulsory Education Act in states where it has been extended to pre primary. The National Education Policy 2020 has identified the Foundational Stage from ages three to eight as a focus area and the National Curriculum Framework for Foundational Stage published by NCERT provides curricular guidance. Companies Act 2013 applies for governance of the corporate franchisor. Key risks include the cyclical sensitivity of discretionary education spend, franchisee execution variability across hundreds of independent operators, real estate cost inflation in growing cities, periodic regulatory tightening on child safety or fee regulation by individual states, and competition from international and domestic premium chains in higher tier cities. The pandemic also revealed a structural vulnerability to physical centre closures, although hybrid delivery has matured since. Management is led by S K Rathor as chairman and managing director of S Group, with a senior team across curriculum, franchise operations, marketing and corporate functions. Governance is private and family controlled, with limited external board oversight typical of mid sized Indian education businesses. ESG considerations are concentrated on child safety, teacher training quality, gender balance in the early childhood workforce which is heavily female dominated, and the long term societal benefit of expanding access to early childhood education in non metro India.

KAMRIT point of view

Building or competing with Bachpan?

KAMRIT advises promoters, family offices, and global enterprises evaluating greenfield entry into the preschool education sector. Our Bankable DPR with Cost Model and ROI benchmarks your project economics against the listed-company cost structure of Bachpan and peers. The Execution Partnership tier covers everything from incorporation through commissioning. A 20-minute scoping call with our partners is free.

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Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.