Mutasim Khan
Reporter for The Ken who investigates financial structures and deal mechanics used by private-equity-backed education platforms, such as prop-co/op-co arrangements.
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Feb 26, 2026 • 31min
India's elite schools are getting pickleball courts. Their teachers are getting pay cuts
Mutasim Khan, a reporter who digs into PE deal mechanics in education, and Valli Vikram, an investigative reporter on PE’s impact inside schools, unpack private equity’s playbook. They discuss flashy campus upgrades like pickleball courts alongside cuts to teacher pay and training. They explain property-operating splits, related-party rent extraction, and how short investment horizons reshape elite Indian schools.
