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Mumbai Education Market Report 2026 • Maharashtra • K-12 and Higher Education

Mumbai Education Market Report 2026

By Aurobindo Saxena, Founder, RAYSolute Consultants. Updated Sep 2026

Mumbai has a 351-affiliation national-board K-12 market (92 Central Board of Secondary Education (CBSE), 143 Indian Certificate of Secondary Education (ICSE), 116 Cambridge CAIE) (affiliations, not unique schools; State Board schools are not in this dataset), alongside 249 higher education institutions (20 universities and 229 colleges). This report maps 197 of the 351 schools at a verified location, the tier and fee structure, the higher education landscape, and the structural opportunity a new entrant can address.

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Market at a Glance

Mumbai K-12 Market in Six Numbers

Exhibit 1 · Key market indicators, Mumbai district K-12
351
School affiliations in Mumbai district: 92 CBSE, 143 ICSE, 116 CAIE
Source: RAYSolute K-12 Universe, Jun 2026
116
Cambridge CAIE schools mapped in Mumbai; International Baccalaureate (IB) not captured in this dataset
Source: Cambridge CAIE directory, 2026
14
CBSE Premium and mid-premium schools: 1 CBSE Premium + 13 CBSE Mid-Premium; plus 143 ICSE schools (ICSE schools are not tier-classified in this dataset); Cambridge CAIE counted separately
Source: RAYSolute K-12 Universe, Jun 2026
92
CBSE-affiliated schools in Mumbai district
Source: CBSE affiliation list / RAYSolute K-12 Universe, 2026
INR 1.8L
Median annual fee across the schools with disclosed fees in Mumbai.
Source: RAYSolute K-12 Universe fee enrichment, Jun 2026
249
Higher education institutions in Mumbai district
Source: AISHE HEI Directory, May 2026
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Frequently Asked Questions

Mumbai has 351 national-board school affiliations: 92 CBSE, 143 ICSE and 116 Cambridge CAIE. These are affiliations, not unique schools, and State Board schools are not in this dataset (Source: RAYSolute K-12 Universe, Jun 2026).
The median annual fee across schools with disclosed fees in Mumbai is INR 1.8L; not every school discloses its fee (Source: RAYSolute K-12 Universe, Jun 2026).
23 universities sit within 80 km of the city centre, including institutions in adjacent districts (Source: Wikidata/OSM, Jun 2026).
249 higher education institutions are mapped in this report: 20 universities and 229 colleges.
RAYSolute advises school promoters, trusts, and institutional investors on feasibility studies, board selection, curriculum design, and market entry strategy for K-12 projects across India. Contact RAYSolute to scope a feasibility study (DPR) for Mumbai.