What CHANAKYA FOUNDATION does

Chanakya Foundation is a nonprofit educational trust registered in Bihar, India as CHANAKYA FOUNDATION EDUCATIONAL AND WELFARE TRUST. It operates a scholarship platform that channels financial assistance to meritorious students from economically disadvantaged backgrounds who wish to pursue professional courses in nursing and pharmacy. The foundation runs an annual scholarship examination (registration fee ₹999 per applicant) and offers up to 100% scholarship coverage, capped at ₹1 lakh per student, across six course programmes: B.Sc Nursing (4 years), P.B B.Sc Nursing (2 years), B.Pharma (4 years), D.Pharma (2 years), A.N.M Nursing (2 years), and G.N.M Nursing (3 years).

The foundation is tightly integrated with the Magadh Group of Education, which has over 25 years of operating history in Bihar. Through formal partnerships with government-approved institutions operating under state government universities, the state board, the Indian Council of Pharmacy, and Nursing departments, the foundation distributes scholarship seats via four partner colleges: Chanakya College of Education, Dr. Trishuldhari Pandey Memorial College of Education, Magadh Paramedical & Nursing Institute, and Vivekanand Paramedical & Nursing College. Operations are run by a 12-person team across a Gaya headquarters and a Patna regional office, with leadership comprising Chairman Rajesh Kumar, Managing Director Ranvit Raj, Executive Director Risha Pandey, and Secretary Mrs. Rubi Kumari.

The business model is welfare-oriented rather than commercial. The only direct monetisation is the ₹999 per-applicant scholarship exam fee, while the underlying value transfer (scholarships) is funded out of the trust's reserves. GTM is event-driven (annual scholarship exam) and sales-led via institutional partnerships with colleges and government bodies. The website (chanakyafoundation.net) provides basic student-facing utilities such as a result lookup portal and admit card download. Cumulative disclosed impact includes 1,478 students helped and 150,000 scholarships disbursed across 5 states, though no audited financials, funding rounds, or growth metrics are disclosed.

Name

CHANAKYA FOUNDATION

Legal name

CHANAKYA FOUNDATION EDUCATIONAL AND WELFARE TRUST

Website

https://www.chanakyafoundation.net/

Company type

Private

Founded year

2008

Operating status

Operating

Short description

Chanakya Foundation is a Bihar-based nonprofit trust that runs an annual scholarship examination and provides financial assistance up to ₹1 lakh to meritorious students pursuing nursing and pharmacy courses, delivered through partnerships with government-approved colleges under the Magadh Group of Education umbrella.

Ownership category

akta.pro rank

Product category

Educational Scholarship Services

NAICS

Grantmaking Foundations (813211), Colleges, Universities, and Professional Schools (6113)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Scholarship & Fellowship Foundations and Trusts (EDADAHAC)

Keywords

• Educational scholarship services
• Higher education funding
• Nursing education programs
• Pharmacy education scholarships
• Student financial assistance

Headquarters

HQ city

Patna City

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Scholarship Registration Fees: The organization charges a nominal registration fee of ₹99 per applicant for the scholarship exam, which covers administrative expenses. Revenue is minimal and service-focused rather than profit-oriented.
2. Educational Institution Partnerships: Chanakya Foundation partners with government universities and approved institutions to facilitate student enrollment in nursing and pharmacy programs, operating on a welfare model rather than commercial revenue generation.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Chanakya Foundation operates a scholarship platform that conducts annual scholarship examinations and provides financial assistance of up to ₹1 lakh (up to 100% scholarship coverage) to meritorious students pursuing professional healthcare courses, including Nursing (ANM, GNM, B.Sc, P.B B.Sc) and Pharmacy (B.Pharma, D.Pharma) programs in Bihar. The foundation partners with government-approved educational institutions, state universities, and councils such as the Indian Council of Pharmacy and Nursing to facilitate enrollment and tuition support, supplemented by a small ₹999 registration fee per applicant.

Product overview

Chanakya Foundation operates a scholarship platform that provides financial assistance to students pursuing higher education in nursing and pharmacy disciplines. The organization offers six distinct course programs (B.Sc Nursing, P.B B.Sc Nursing, B.Pharma, D.Pharma, A.N.M Nursing, and G.N.M Nursing) through partnerships with government-approved institutions and universities. The flagship Chanakya Scholarship Program conducts annual entrance exams awarding scholarships up to Rs 1 lakh. Student services include a result lookup portal and admit card download system.

Differentiator

Problem solved

Functional benefit

Products and services

• Chanakya Scholarship Program Annual scholarship program that conducts the Chanakya Foundation Scholarship Exam to identify and financially support meritorious students pursuing ANM, GNM, B.Sc Nursing, P.B B.Sc Nursing, B.Pharma, and D.Pharma courses in Bihar and other approved states. Winners receive financial assistance up to ₹1 lakh or up to 100% scholarship coverage. Applicants register for a ₹999 fee per exam cycle.
• B.Sc Nursing Course (Chanakya Foundation Program) 4-year undergraduate nursing degree program offered through Chanakya Foundation partner institutions. Prepares nurses for independent decision-making, protection of patient rights, and research in nursing practice. Eligible for Chanakya Foundation scholarships.
• P.B B.Sc Nursing Course (Chanakya Foundation Program) 2-year post-basic nursing program offered through Chanakya Foundation partner institutions. Prepares students for competent nurse and midwife roles in teaching, promotive, preventive, curative, and rehabilitative services. Eligible for Chanakya Foundation scholarships.
• B.Pharma Course (Chanakya Foundation Program) 4-year undergraduate degree program in pharmacy (eight semesters total), offered through Chanakya Foundation partner institutions. Eligible for Chanakya Foundation scholarships.
• D.Pharma Course (Chanakya Foundation Program) 2-year diploma program in pharmaceutical science covering pharmacology, pharmaceutical chemistry, pharmaceutics, pharmacognosy, and hospital pharmacy, offered through Chanakya Foundation partner institutions. Eligible for Chanakya Foundation scholarships.
• A.N.M Nursing Course (Chanakya Foundation Program) 2-year Auxiliary Nursing Midwifery diploma program focused on healthcare of individuals, equipment care, operation theater setup, medication administration, and record maintenance, offered through Chanakya Foundation partner institutions. Eligible for Chanakya Foundation scholarships.
• G.N.M Nursing Course (Chanakya Foundation Program) 3-year diploma program preparing nurses with a sound educational background to function as efficient members of the health team at first-level positions in healthcare settings, offered through Chanakya Foundation partner institutions. Eligible for Chanakya Foundation scholarships.
• Student Result Portal Online portal allowing students to search and view their Chanakya Scholarship Examination results using their enrollment numbers.
• Admit Card Download Service Online service for applicants to download their scholarship examination admit cards from the Chanakya Foundation website.

Quantifiable outcome

• 1478 students helped through scholarship programs
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and major.

• Magadh Group of EducationcoreStrategic or Co-development PartnerParent organization and strategic partner with over 25 years of experience in education sector. Magadh Group of Education runs multiple institutions including Chanakya College of Education, Dr. Trishuldhari Pandey Memorial College of Education, Magadh Paramedical & Nursing Institute, and Vivekanand Paramedical & Nursing College. The group provides institutional infrastructure and academic expertise for the scholarship program.
• Government Approved InstitutionscoreStrategic or Co-development PartnerInstitutions operating under state Government Universities, Board and Indian Council of Pharmacy, Nursing and other government departments. These partnerships enable the scholarship program to be recognized and facilitate financial assistance distribution to students pursuing approved courses.
• Chanakya College of EducationmajorImplementation/ SI/ Consulting PartnerEducational institution under Magadh Group of Education, located in Patna. Serves as a key recruitment center for nursing and pharmacy students and hosts the Patna office of Chanakya Foundation.
• Magadh Paramedical & Nursing InstitutemajorImplementation/ SI/ Consulting PartnerPartner institution providing paramedical and nursing education programs. Students from this institute are eligible for Chanakya Foundation scholarships for pursuing professional healthcare courses.
• Vivekanand Paramedical & Nursing CollegemajorImplementation/ SI/ Consulting PartnerEducational institution under Magadh Group of Education in Gaya, Bihar. Operated by Executive Director Risha Pandey, providing paramedical and nursing education with scholarship support from Chanakya Foundation.
• Dr. Trishuldhari Pandey Memorial College of EducationmajorImplementation/ SI/ Consulting PartnerPartner educational institution under Magadh Group of Education providing teacher education programs. Students can access Chanakya Foundation scholarship for various professional courses.

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Buddy4Study: India's largest scholarship discovery and application platform, connecting students with scholarships from foundations, government, and corporates. Highly comparable as a scholarship intermediary targeting similar students across multiple disciplines in India.
• Vidyasaarathi: A scholarship platform operated under the National Skill Development Corporation framework, providing financial assistance to students from underprivileged backgrounds pursuing professional/technical courses. Comparable in mission and target beneficiary profile.
• Sitaram Jindal Foundation: Indian philanthropic foundation providing scholarships to students across India, including specific support for healthcare and professional courses. Comparable in operating model as a private foundation funding higher-education access.
• Narotam Sekhsaria Foundation: Foundation offering scholarships and grants for higher education to Indian students across multiple disciplines. Comparable as a private grantmaking foundation supporting student scholarships at degree level.
• HDFC Educational Crisis Scholarship Scheme (ECSS): HDFC Ltd's flagship scholarship program supporting Indian students facing financial crisis in pursuing higher education. Comparable in targeting economically disadvantaged students for professional/degree-level courses.

Broad incumbents

• Tata Trusts: India's largest philanthropic foundation with extensive education programs including scholarships, university grants, and institutional support. Comparable in grantmaking mission but operates at vastly larger scale with broader portfolio.
• Aditya Birla Foundation: Corporate foundation running the Aditya Birla Scholarship Program and other educational initiatives supporting Indian students. Comparable as a corporate-affiliated scholarship provider for professional courses.
• Reliance Foundation: Corporate foundation of Reliance Industries with significant education and youth-skills programs including scholarships for higher education. Comparable in education-focused grantmaking but with corporate-scale resources.

Regional players

• Bihar Education Foundation Council: Government body administering state-level scholarship schemes in Bihar (e.g., Bihar Student Credit Card, Post-Matric Scholarship). Comparable as a scholarship administrator operating in the same geography and beneficiary population.

Emerging players

• FAWEIN (Foundation for Advancement of Women in Education & Industry): India-focused nonprofit supporting women's access to professional education, particularly in healthcare and nursing disciplines. Comparable in mission around healthcare education access and scholarship administration for underserved populations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/ChanakyaFounda1

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CHANAKYA FOUNDATION