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In 2023, Fitji, a premiere coaching institute for engineering aspirants, claimed a bold claim: “If you can be an extraordinary teacher, we assure you of assets worth ₹ 100 crore in seven years.“But just two years later, more than 10 Fitji centers were closed across India, causing the students to be trapped and the parents did not return without any eye.
Fitji insisted that the closures were due to financial mismanagement by their managing partners and accusing the contestants of a conspiracy. However, reports suggest that the institute is ₹ 237.10 crore with financial discrepancies by March 2023. Complaints from Indore, Shivaraj, Delhi and many other cities suggest that students, who paid up to ₹ 6 lakh for ₹ 6 lakh. Fees are now left without any class.
But Fitji is not only one. The Indian coaching industry is deception. In December 2024, the Consumer Protection Authority imposed a fine of ₹ 15 lakh at three UPSC coaching centers, incorrectly claiming successful candidates as their own.
At the same time, India’s Ed -Tech sector, which had bounced during the Kovid -19 epidemic, is facing large -scale recession. More than 2,148 Ed-Tech Startups, including byzu-supported ventures, have been closed in the last five years. Byju, once a decocorn price of more than $ 10 billion, is now struggling with trimming and loan repayment.
Despite repeated scams and closure, parents continue to save their savings in coaching centers. Without strict rules and accountability, India’s coaching industry will remain a trap – which feeds the students ‘dreams and parents’ frustration.
