BANSAL ?? Top IIT coaching class in Kota splits
SUNDAY TIMES OF INDIA 22/02/2009 MUMBAI
Top IIT coaching class in Kota splits
Seven Departmental Heads Quit, Launch Their Own Venture
Hemali Chhapia | TNN
Mumbai: A well-known coaching class in Kota has split, with seven departmental heads submitting their resignations and starting a coaching academy of their own overnight.
The seven HoDs of Bansal Classes quietly retired for the day on Friday but an advertisement in a local newspaper on Saturday gave students and the coaching class community the wind of what had happened. The advertisement read that “the team which taught numerous top-rankers of IIT-JEE’’ had gone on to form its own venture, the Vibrant Academy. Some of the teachers who have decided to move away from Bansal Classes have been longtimers on the rolls; physics teacher Nitin Jain (popularly called Ninja), for instance, has been employed with this class for close to a decade and a half.
Chemistry teacher Mahendra Singh Chouhan, now a part of the new Vibrant Academy, said: “We have received 4,000 applications from IIT aspirants wanting to join us.’’ Chouhan said some “internal matter’’ compelled them to walk out of Bansal. Insiders, however, said faculty members’ compensation packages were reworked from Rs 25 lakh to Rs 20 lakh after there was some problem with the I-T department. Wellknown competitive coaching classes are also known to pay a portion of the salary to senior faculty by cash besides the cheque component.
The news of what unfolded spread like wild fire and students pressed the panic button with the crucial IIT-JEE just a month away. Coaching classes in Mumbai saw IIT aspirants coming back to enrol for a month. Pravin Tyagi, owner of a coaching class here, said: “Students and their parents were so disturbed and angry with what happened. Some students who had enrolled in Bansal’s signed up with our class.’’
“The seven who have left teach topclass students and so lot of students are worried,’’ a parent said. Founder V K Bansal did call all the students in the evening to assure them that they would continue to get the best training, but students were confused.
Close to 17,000 students enrol at Bansal each year and there are 30 batches that function exclusively for IIT coaching. Bansal Classes CEO P K Bansal downplayed the situation said he was prepared for a situation like this. He added that his seven HoDs “vanished’’ without giving a prior notice though a term in their contract stated that they had to give a month’s notice before quitting.