Business Today

The Millionaire Teachers

RAKESH ARORA (name changed) was pursuing engineering from a small regional college in Kanpur, Uttar Pradesh, when he had to think about his next big move in life. With his brother encouraging him to pursue his interests, Arora found a side gig: teaching students preparing for competitive examinations at a nearby coaching centre that paid ₹5,000 a month. Arora’s headline moment came when one of his students aced the coveted JEE Mains (Joint Entrance Examination for admission to the Indian Institutes of Technology) and got accepted into IIT Delhi, one of India’s premier engineering colleges. “Har koi chahta hai ki humara padaya hua bachha IIT jaye (Every teacher wants his student to get into an IIT),” he says.

Following this success, Arora realised that teaching was his true calling. He skipped his college placement process and instead joined a school. Now, he was earning ₹15,000 a month. The happiness that came with being a teacher was sadly not enough to cover the costs of living. Arora started working for Aakash Institute (which was later acquired by edtech decacorn BYJU’S) at a monthly salary of ₹42,000. A few years later, he left Aakash to launch his own coaching centre.

But then came

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