With more than 864 universities, 40,026 colleges and 11,669 standalone institutions, India is expected to have “the largest population of college-going students” i.e. approximately 119 Mn by 2025, according to All India Survey on Higher Education (2016-17) by the Ministry of Human Resource Development, Department of Higher Education.
The same report highlights that in 2016-17, the total college student enrolment in the country rose to 35.7 Mn from 30.2 Mn students in 2012-13.
Despite the rising enrolments, there is no proportionate growth in the employment prospects for these 35.7 Mn students once they complete their education. This was highlighted in the India Skills Report 2018, which revealed that the percentage of employable resources between the 18-25 years of age stood at 46% and 26% between the age group of 26-29.
Even though the hiring scenario for 2018 looks “positive”, hiring and employability has continued to be a major cause of worry for corporates, students as well as colleges. This is the problem where Kajal Malik, an MBA from Faculty of Management Studies saw an opportunity to bank upon.
One Problem, Three Communities: Problem Being Addressed By Reculta
During the placement drive of MBA students in the Faculty of Management Studies, Delhi, Kajal Malik and Vidyarthi Baddireddy worked for the placement committee and witnessed a “woefully outdated and manually intensive” process of campus placements. The duo took the matter in their own hands and introduced a technology intervention in the process, which led to better ‘Day Zero’ offers and median CTC.
To address this gap, Kajal Malik and Vidyarthi Baddireddy founded Reculta, an HRTech startup in January 2017. The startup is making use of automation and data analytics to simplify placement processes for the principal stakeholders in the said communities i.e. students, corporates and colleges. The team had later on-boarded Rajnish Kohli as CTO, Utsav Bhattacharjee as co-founder and Sanjeev Malladi for product management along with developers for their product.