Ecosystem Development Initiative

Being an impact investor in India’s education sector with a specific focus on benefiting lower income groups, Gray Matters Capital is of the belief that Budget Private Schools (BPS), play a critical role in addressing India’s education conundrum.

This is the first-of-its-kind initiative to be launched by an investor in India to collaborate with all stakeholders in the BPS space to work towards a common vision of improving school quality.


Our Objectives


Empowering School Associations to deliver better Quality Education


Enabling ‘Access to Market’ opportunities for Education Solution Providers and NGO partners

Our Partners

Our Projects

School Quality Charter

Gray Matters Capital has co-created a Quality Charter for Affordable Private Schools with National Independent Schools Alliance (NISA) with an aim to enhance quality of education imparted in schools which adopt the charter.

The charter has the following 5 focus areas with stipulated action points for the adopting schools to commit to:

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    School Leadership and
    Management Team

    Vision and Development Plan

    Capacity Building

    Training & Performance Mgmt

    Sustainability and Transparency

  • Parent

    Parent Teacher meetings

    Parent Awareness Programs

    Grievance Redressal Mechanism

  • School

    Child safety and Emotional well-being

    Hygiene and Health

    Physical Infrastructure

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    Teaching and
    Learning Practices

    Holistic Curriculum

    Optimized Pupil-Student Ratio

    Effective ‘Student-centric’ Pedagogy

  • Learning Outcomes and
    Co-curricular focus

    Mastery of >80% in grade level learning outcomes

    Co-curricular emphasis on achievement of 21st century skills.

Get to know more about the Quality Charter for Affordable Private Schools



School Transformation

Gray Matters Capital has supported 6 schools in Ambala (Haryana) to implement an innovative school transformation model- The Muni Model, developed by Muni International School, New Delhi.

The project entails schools learning and implementing 40 innovative pedagogical techniques to improve student learning outcomes. The Muni Model has been recognised for its innovation and student-focus at many forums and is one of the first schools to be part of Ashoka’s Changemakers Schools.

This project was launched in August 2017.

How Can this Program Benefit Your School? Reach Out to Us to know more!