Long distance learning: with a plentiful supply of teachers, remote tutoring has become a growth business in India.
Long distance learning: with a plentiful supply of teachers, remote tutoring has become a growth business in India.

India offers lessons for the world



BANGALORE // Every day at 2am, Sapna Ajay, an English teacher in Raipur, wakes up to begin her lessons. As her first cup of coffee hits, Ms Ajay switches on her computer to connect with her student, who is sitting half a world away in the US. Receiving grammar lessons from an Indian teacher using an imperfect American accent at the other side of the globe may sound bizarre, but teaching in a virtual classroom has never been cheaper and more convenient, she says.

"The only difference is that I cannot see my student," says Ms Ajay, 40, who was a schoolteacher before becoming a remote tutor. "But given that I don't have to battle traffic and pollution every day to get to a physical classroom, this is much better." Ms Ajay is employed with Tutorvista, a US$38 million (Dh139.5m) outsourcing firm based in Bangalore, which was launched three-and-a-half years ago.

The company offers personalised coaching online to 20,000 students, from undergraduates to elementary school students, most of them in the US. India has in recent years emerged as a lucrative outsourcing hub, offering low costs and a large pool of educated talent. The business of remote tutoring, or hiring a qualified tutor over the internet, had an estimated worth of $250m in 2006 and is expected to be worth $2 billion by 2015, a 2007 study by the global knowledge firm Evalueserve shows.

"When I was launching my firm, I thought to myself 'is it possible to marry internet technology and well qualified tutors to provide affordable education?'" says Krishnan Ganesh, the chief executive and founder of Tutorvista. "Remote tutoring makes it possible." Outsourcing firms such as Tutorvista, or US companies founded by Indian expatriates such as TutorCo, a start-up firm based in Minnesota, and Growing Stars, based in California, employ a large number of Indian teachers well known for their maths and science acumen who charge only a fraction of US tutor fees.

Most of them provide a subscription-based service model, charging a weekly or monthly fee. Tutorvista charges $100 a month for unlimited tutoring. "It's like offering a buffet to a student," Mr Ganesh says. "Study as much as you can for $100." Students interact with teachers over a home-based digital whiteboard and a voice application software devised by Tutorvista. The company employs 2,100 teachers, up from 800 last year, across 120 locations. Business has grown by 400 per cent in the past year to 20,000 students from 5,000, spurred tremendously by the recession.

"During recession, economic opportunities are lean," says Mr Ganesh. "People focus on enhancing their education and skills. People start penny-pinching and look for affordable solutions and services. "We've only captured a small market of the 60 million students in the US. Our market share is expected to grow even after the recession is over, given its lucrative pricing." As its popularity surges, the company is looking to double its number of teachers to 4,000 in the next two months before schools in the US reopen after the Christmas break.

"You cannot double the operations in two months of a physical school made of brick and mortar," Mr Ganesh says. "But that kind of growth is absolutely possible for a virtual classroom." Remote tutoring has opened up a world of opportunities for India's well qualified teachers, especially for those in rural and remote towns, where job opportunities are scarce. Twenty per cent of its tutors are PhD holders and 60 per cent hold master's degrees. Many of them are retired civil servants and housewives looking to earn some extra cash.

About 90 per cent of them would be unemployed if Tutorvista did not come their way, Mr Ganesh claims. "In some remote corners of India, there are jobs available only in tea gardens and factories," he says. "What will a PhD holder do in a tea garden? "There are also conservative Hindu and Muslim families that aren't comfortable sending their women out to work, but teaching from home is not an issue for anyone, especially if you don't have to meet with your student face-to-face."

The teachers, who earn between 8,000 rupees (Dh629) and 20,000 rupees a month based on assignment and qualifications, are only expected to know English, have knowledge about their subject and own a computer. Before he started his business, Mr Ganesh approached nine venture capitalists to fund it. Eight of them turned him down. Only Sequoia Capital India saw the potential in his business and injected $2m. The others had plenty of reservations about his business model. As most teachers in India were not well trained with computers, how would the company monitor activities of employees operating from home?

Mr Ganesh says Tutorvista offers six-week online training in US curriculum, method of instruction and accent before hiring a teacher. It also designed a software that allows them to record and observe each tutoring session. "If a student logs off in a few minutes, we try and get to the bottom of why that happened," he says. "Was he not satisfied with the teacher?" But the venture capitalists were mainly concerned with whether it was really possible to match the benefits of personal face-to-face coaching.

"On the internet, people will buy John Grisham and Harry Potter, they said, but not such an intangible service," Mr Ganesh says. "But they were proved wrong, weren't they?" As business grew, Tutorvista received additional funding. Manipal Education and Medical Group (MEMG) invested $2.5m in October 2007. In June this year, Tutorvista received $12.5m from Pearson group, the UK publishing giant, and another $6.5m from MEMG.

business@thenational.ae

Company%20Profile
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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

How to protect yourself when air quality drops

Install an air filter in your home.

Close your windows and turn on the AC.

Shower or bath after being outside.

Wear a face mask.

Stay indoors when conditions are particularly poor.

If driving, turn your engine off when stationary.

Try out the test yourself

Q1 Suppose you had $100 in a savings account and the interest rate was 2 per cent per year. After five years, how much do you think you would have in the account if you left the money to grow?
a) More than $102
b) Exactly $102
c) Less than $102
d) Do not know
e) Refuse to answer

Q2 Imagine that the interest rate on your savings account was 1 per cent per year and inflation was 2 per cent per year. After one year, how much would you be able to buy with the money in this account?
a) More than today
b) Exactly the same as today
c) Less than today
d) Do not know
e) Refuse to answer

Q4 Do you think that the following statement is true or false? “Buying a single company stock usually provides a safer return than a stock mutual fund.”
a) True
b) False
d) Do not know
e) Refuse to answer

The “Big Three” financial literacy questions were created by Professors Annamaria Lusardi of the George Washington School of Business and Olivia Mitchell, of the Wharton School of the University of Pennsylvania. 

Answers: Q1 More than $102 (compound interest). Q2 Less than today (inflation). Q3 False (diversification).

The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Power: 268bhp / 536bhp
Torque: 343Nm / 686Nm
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
On sale: Later this year
Types of fraud

Phishing: Fraudsters send an unsolicited email that appears to be from a financial institution or online retailer. The hoax email requests that you provide sensitive information, often by clicking on to a link leading to a fake website.

Smishing: The SMS equivalent of phishing. Fraudsters falsify the telephone number through “text spoofing,” so that it appears to be a genuine text from the bank.

Vishing: The telephone equivalent of phishing and smishing. Fraudsters may pose as bank staff, police or government officials. They may persuade the consumer to transfer money or divulge personal information.

SIM swap: Fraudsters duplicate the SIM of your mobile number without your knowledge or authorisation, allowing them to conduct financial transactions with your bank.

Identity theft: Someone illegally obtains your confidential information, through various ways, such as theft of your wallet, bank and utility bill statements, computer intrusion and social networks.

Prize scams: Fraudsters claiming to be authorised representatives from well-known organisations (such as Etisalat, du, Dubai Shopping Festival, Expo2020, Lulu Hypermarket etc) contact victims to tell them they have won a cash prize and request them to share confidential banking details to transfer the prize money.

* Nada El Sawy

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

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New Zealand T20 squad

New Zealand T20 squad: Tim Southee (captain), Finn Allen, Todd Astle, Hamish Bennett, Mark Chapman, Devon Conway (wicketkeeper), Lockie Ferguson, Martin Guptill, Adam Milne, Daryl Mitchell, Glenn Phillips, Ish Sodhi, Will Young