Preschools cater to children in the age group of one to five.
Globally preschools are primarily day care centres for children in this age group. But in India they are seen as an early training ground for children to develop skills.
The preschool market in India is expected to be around $2.4 billion and is projected to grow at 35 per cent annually to around $8 billion by 2015.
Only 1.1 per cent children in this age group go to preschools. The figure is 11 per cent for children in urban areas. The growing number of working couples has been the key driver behind the growth of preschools.
The typical space requirement for opening a preschool is a minimum of 1,000-2,000 sq ft. Initial investment starts from around Rs 500,000. The fee typically starts from Rs 1,500 and depends largely on the location of the preschool.