Pearl Academy
Former names
Pearl Academy of Fashion
TypePrivate
Established1993
Parent institution
Global University Systems
PresidentAditi Srivastava
Location
India
CampusNew Delhi, Mumbai, Jaipur, Bengaluru
WebsiteOfficial website

Pearl Academy (formerly Pearl Academy of Fashion) is an Indian higher education institution. As of 2019 it has been owned by the for-profit education group Global University Systems.

History

Pearl Academy of Fashion was set up in 1993 by the House of Pearl Fashion’s education arm Little People Education Society. In 1995, Pearl started offering students degrees validated by the United Kingdom’s Nottingham Trent University.[1]

In July 2012, University Grants Commission (India) instructed Pearl Academy to stop awarding joint degrees with Nottingham Trent University, citing ‘mounting complaints against private institutes’.[2]

In 2015, concerns were raised about the validity of programmes delivered by the institution after an alumna reported that the Association of Indian Universities had ‘refused to recognize her degree from Pearl Academy.[3]

Ownership

In 2011, Pearl became a part of the US-based education group Laureate International Universities network.[4][5]

Laureate sold Pearl Academy to Netherlands-headquartered private education company Global University Systems in July 2019, as part of an INR 2,500 crore deal for Laureate's Indian business that also included the University of Petroleum and Energy Studies.[6]

Since the acquisition, Global University Systems has partnered with Pearl Academy and UPES through a subsidiary company in India, GUS Global Services.[7]

Campuses

As of January 2021 the institution is present in four cities across India, with a campus each in Mumbai, Jaipur and Banglore, and two in New Delhi (south and west).[8]

References

  1. ↑ "UK collaboration in India: institutional case studies". Quality Assurance Agency for Higher Education. Retrieved 21 January 2021.
  2. ↑ Sharma, Jeevan Prakash (9 July 2016). "UGC Asks Pearl Academy to Close Degree Courses". Hindustan Times. Retrieved 21 January 2021.
  3. ↑ Sharma, Jeevan Prakash (July 2015). "After paying Rs 25L, they have degrees that are not valid in India". Hindustan Times. Retrieved 21 January 2021.
  4. ↑ "Laureate Education, Inc. - Class A Common Stock Filing". United States Securities and Exchange Commission. Retrieved 21 January 2021.
  5. ↑ Gupta, Medha (2 November 2018). "Pearl Academy, UPES may face trouble as US-based education giant bids goodbye to India business". Preptube.
  6. ↑ Lamba, Prerna. "GUS Buys Out Laureate Education India Biz". Business World. Retrieved 21 January 2021.
  7. ↑ "About GUS Global Services India". GUS Global Services. Retrieved 15 February 2021.
  8. ↑ "Pearl Campuses". Pearl Academy. Retrieved 21 January 2021.

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