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Talent Management International Group (TMI) is expected to create five lakh employable graduates over the next two years with its e2E Academy.
The National Skill Development Council (NSDC) has approved TMI's proposal that anticipates a project cost of Rs 29.21 crore and has extended it a soft loan of Rs 24.1 crore.
“We will set up e2E Academy at 175 locations in two years and train 15,000 persons in the first year. By the end of the sixth year, we shall train 80,000 persons,” said Mr T Muralidharan, Executive Chairman, TMI Group, which is a joint venture of TM Inputs and Services Private Ltd and C&K Management.
Most of these institutes would come up in tier II and III cities, he said.
Placement
Five companies, including Hindustan Sanitaryware & Industries Ltd, telecom company Universal and Karvy Consultants, have tied up with TMI to select and place students in their organisations post training by TMI.
The students will be given industry training in sales, customer service, technical support, manufacturing and back office.
Over a period of time, 44 courses are expected to be launched covering telecom, retail, logistics, automobiles, hospitality, FMCG, agri-inputs, pharmaceuticals and airport management.
JOJOE model
Under the Jointly Owned Job Oriented Education (Jojoe) Model, students will be pre-assessed and trained by TMI for entry level roles, based on curriculum specified by the employer, explained Mr Dilip Chenoy, Managing Director and Chief Executive Officer, NSDC.
Students will receive pre-enrolment offers prior to training. The cost of the course, ranging from Rs 10,000 to Rs 30,000, would be partly borne by the students and partly by the employer.
“If the course is more popular, such as banking, then students will have to pay 80 per cent and the employer would pay the rest. For courses with low demand, the employer may end up paying 80 per cent of the course fee,” said Mr Muralidharan.
Retention bonus
The employer will have to pay a retention bonus to the employee after 18 months so as to refund the balance part of the fee paid by the student, explained Mr Chenoy.
TMI is also expected to tie up with 150 private and Government colleges. Currently it has tied up with five colleges, including Sharda College.
Of the two million graduates who pass out every year, only 20 to 25 per cent are employable, according to various reports.
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