Speaking on the expansion plans, Kanchan Mittal, Co-founder and Chief Operating Officer at ipsaa said, “Growing working population in India has led to significant demand of credible and quality child care. We have observed a substantial increase in demand from tier 2 cities, and will be instituting over 125 new centers in the regions of Ranchi, Coimbatore, among other cities within the next 24 months.”
Founded in 2013 by Kanchan Mittal and Shiv Mittal with the vision of raising the standard of day care services in the country, ipsaa began a pattern of rapid growth over the next five years, instituting a total of 75 centres, currently operating in bigger cities such as Delhi, Noida, Gurgaon, Mumbai, Chennai, Bangalore, Goa, Pune, Jaipur, Hyderabad and Kolkata. With an employee strength of 400, the centres have capacity of over 6000 children. ipsaa plans to triple the centre capacities with the new launches.
A recent survey revealed that poor quality of child care is one of the main reasons why women quit from work, and ipsaa’s mission is to support quality childcare and support women in pursuing their careers and aspirations. Last year, the maternity act transformed the day care industry in India, and the opportunities have become multifold in the sector, for both unique day care centres, and corporate day care centres. Apart from key residential centres, ipsaa operates day care centres at HDFC ERGO, ICICI and many other institutions.
In 2017, the company also acquired Mumbai based chain of day care centres, ICPL to have a strong foothold in western India.