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An initiative of Mr. Uday Kotak KOTAK EDUCATION FOUNDATION KOTAK EDUCATION FOUNDATION

Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

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Page 1: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

An initiative of Mr. Uday Kotak

KOTAK EDUCATION FOUNDATIONKOTAK EDUCATION FOUNDATION

Page 2: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

PROBLEM A large number of youth in India miss out on educational

opportunities

 They find themselves out of place in the increasingly competitive employment market in the light of changing economy in India

There is a gap between the market demand and their skills

Despite 12 years of schooling a large number of youth end up engaging in unorganized and unskilled livelihood options minimizing returns on their labor

Lack of sustained source of livelihood results in distress, migration, social deviation. Social and economic disparity increases as a result

May 2, 2023

Page 3: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

INTRODUCTION: KOTAK EDUCATION FOUNDATION

Kotak Education Foundation (KEF) is a private trust of Mr. Uday Kotak and Mrs. Palavi Kotak

Mr Kotak is the main promoter and shareholder of Kotak Mahindra Group

Kotak Mahindra Group: Has various business activities like Banking, Investment Banking Stock Broking and Distribution Life Insurance Car Finance Mutual Fund  KEF partners with schools or NGOs who provide infrastructure

support, to train high school / college drop-outs in the age group of 18-25 years, who belong to the economic lowest 30% of society, defined at a monthly family income of less than Rs. 4000.

May 2, 2023

Page 4: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

% MUMBAI RAIGARH

Illiteracy 10 15

Below primary

6 11

Primary 17 18

Middle 18 21

Secondary 22 18

Higher Secondary

14 10

Graduate & above

13 7

Some facts from TISS Report

May 2, 2023

Page 5: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

OBJECTIVES To cater to youth from economically and educationally weak

backgrounds

To be responsive to the youth’s emotional and development needs

To improve the quality of life of such youth and their families

To foster an environment of learning and mentoring

To establish strategic tie ups with industry and business establishments in order to provide market based opportunity / access to opportunity

To provide sources of sustainable livelihood to help these youth and their families rise above the poverty line

May 2, 2023

Page 6: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

KOTAK EDUCATION FOUNDATION TRAINING

 The training is for a period of 3-4 months

 The focus of the training is on:  Life Skills Technical Skills – Theory & Practical On-job Training Personality Development Work Readiness Communicative English Computer Literacy Placement Support.

May 2, 2023

Page 7: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

KOTAK EDUCATION FOUNDATION Training is presently given in Hospitality Services, Customer

Relations & Retail Sales, ITES ,BPO and Logistics

The knowledge and skills enhanced through this initiative would help the youth to acquire sustainable livelihood.

Each domain has maximum student strength of 35, in order to maintain quality and a reasonable facilitator-student ratio.

 At the end of the training period attempts are made for placement at a remuneration of above Rs. 6000/- per month.

 Placements are in the organized sector s that are non-exploitative and those that provide opportunities for career growth.

May 2, 2023

Page 8: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

THE KOTAK – UNNATI PROCESS

May 2, 2023

Page 9: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

BUSINESS 2 YOUTH (B2Y) NETWORKING WITH CORPORATES

Guest lectures on specific topics

Permitting students to visit their facility for industry exposure

Providing opportunity for one week on-the-job training

Providing opportunity for part time jobs.

Providing infrastructure to conduct the training programme

May 2, 2023

Page 10: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

 Helping to develop appropriate and updated curriculum

Imparting training related to the specific industry

Providing equipment for practical training

Mentoring support for candidates on a regular basis

Training of Trainers

Recruiting students from Kotak-LABS

Financially contributing towards training cost for self sustainability of  Kotak LABS

BUSINESS 2 YOUTH (B2Y) NETWORKING WITH CORPORATES

May 2, 2023

Page 11: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

PROGRESS TO DATE Concluded the BOT [Build – Operate - Transfer] agreement with Dr Reddy

Lab in Feb 2008.

DRF continues to support the program through training and quality audit

Certificates issued jointly by DRF and KEF.

Operational through 9 centres in Mumbai and Raigad Districts at:

1. Akurli Panvel 2. Vasai

3. Vashi, Navi Mumbai 4. Govandi East, Mumbai

5. Bhandup West, Mumbai 6. Lower Parel, Mumbai

7. Bandra East, Mumbai 8. Goregaon East, Mumbai

9. Bhiwandi

* currently closed – to be shifted to a new venue

May 2, 2023

Page 12: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

PROGRESS TO DATE

Have experienced the learning curve through 5-6cycles.

Established relationship with 125 plus employers.

Established relationship with NGOs, CBOs, Sarpanch and local leaders

Recruited 40 professionals in the team

Candidates trained at Kotak LABS have excelled at their places of work with some of them getting opportunities to grow to the next level

Data as on 31.03.2010

Total Trained 2099Total Placed 1506

May 2, 2023

Page 13: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

We have 130 Companies supporting us for recruitment. In addition the companies provide for guest lectures,field visits ,OJT and Training for Kotak

Education Foundation

Page 14: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

THE LABS IMPACT Has given aspirants a sense of direction and purpose in life

Created role-models for underprivileged youth in the communities

Channelized energies of youth towards socially purposeful and economically beneficial directions

Provided exposure to various employment options outside their communities

Reduced gender inequality by providing equal opportunities

Increased confidence levels and instilled a sense of achievement among the youth

Increased income levels on a regular basis leading to improved quality of life, better lifestyle and standard of living

Created first generation of people working in the non-traditional sectors of economy thus giving them alternate sources of livelihoodMay 2, 2023

Page 15: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

WE MOVE ON…

WITH HOPE & ENTHUSIASM

May 2, 2023

Page 16: Corporate ppt kotak lab - Brillant work of Kotak Foundation,Mumbai

THANK YOU !

May 2, 2023