Mom's Belief Runs 136 Centres in India Without Owned Real Estate

Mom's Belief runs all 136 centres in India, as of March 31, 2026, from leased, rented or Licensed Professional-provided premises and owns no immovable property. Mom's Belief says the lease-based model supports capital efficiency and flexibility to scale, relocate or consolidate its network across 20 states and union territories.

Does Mom's Belief own any of its 136 centres or offices?

No, Mom's Belief states that it does not own any immovable property, including the locations from which its 136 centres, Registered Office, Corporate Office and operational facilities operate as of March 31, 2026. The Registered Office is in Chittranjan Park, New Delhi, and the Corporate Office is in DLF Phase-III, Gurugram, but both are located on leasehold premises or premises provided through collaboration arrangements.

The 136-centre figure represents the entire centre network disclosed for India as of March 31, 2026, rather than only a leased portion of a mixed owned-and-rented estate. Mom's Belief describes every operating location as leased or rented, while also stating that some premises are provided by Licensed Professionals with whom it has collaboration agreements. Licensed Professionals are therefore a second route to access premises, alongside conventional leasehold or rental arrangements.

Mom's Belief's property disclosure creates a clear category comparison: the company reports 136 centres in the leased, rented or professional-provided category and zero owned immovable properties. The disclosure does not provide a prior-year centre-property schedule, so it does not quantify whether the network's size or tenancy mix changed before March 31, 2026.

How does Mom's Belief's 136-centre lease model support expansion?

Mom's Belief says its lease-based infrastructure model is intended to remain capital-efficient, asset-light and operationally agile across its 20-state and union territory footprint. Asset-light means the business does not own the real estate used to deliver its services, leaving the company to use premises under lease, rent or collaboration arrangements rather than holding property assets.

The stated mechanism is that avoiding owned real estate allows Mom's Belief to allocate capital toward clinical operations, technology and network expansion. The company specifically says the arrangement gives it flexibility to scale, relocate or consolidate centres according to strategic needs, which is relevant because the disclosed network spans 136 locations rather than a single city or state.

That flexibility is operational rather than a disclosed financial saving. Mom's Belief provides no property purchase cost, lease-rental expense or capital-expenditure figure in the property disclosure, so the document does not quantify the effect of the model on margins, cash flow or the cost of opening a centre. Its stated benefit is the ability to alter locations and network capacity without owned-property commitments.

What must remain in place for Mom's Belief's asset-light model to continue?

Mom's Belief's asset-light model depends on its leases and collaboration-linked premises continuing to provide usable locations for the 136-centre network. The company states that all lease agreements were valid and subsisting as of the date of its Red Herring Prospectus, which supports the operational status reported alongside the March 31, 2026 network count.

The disclosure also says that none of the lessors for immovable properties crucial to operations has a conflict of interest with Mom's Belief, its promoters, promoter group, key managerial personnel, directors, subsidiaries or group companies. In addition, Mom's Belief says its lessors are not related parties or members of the promoter or promoter group, separating the premises arrangements from those connected entities.

Compliance with the underlying documents is another stated condition. Mom's Belief says all lease deeds have been duly stamped and registered under applicable stamping and registration laws. The company does not disclose lease tenures, renewal dates, location-level rent commitments or termination clauses, so the available information establishes document validity at the prospectus date but not the terms governing each future renewal or relocation.

How does the property strategy fit Mom's Belief's care network and market position?

Mom's Belief combines its centre network with e-therapy delivered digitally and school collaborations, and the company describes that combination as its integrated approach to intervention plans for children with neurodevelopmental disorders. Neurodevelopmental disorders, or NDDs, include conditions affecting development; the company identifies autism, attention-deficit/hyperactivity disorder and developmental delays in its community-worker training description.

Based on number of centres as of March 31, 2026, Mom's Belief ranks first in India in offering intervention plans for children with NDDs, according to the CARE Report cited by the company. The same report places Mom's Belief seventh globally among listed players operating in a similar behavioural-health domain, making the 136-centre footprint the specific measure used for its domestic ranking.

The company says there are no Indian listed companies operating in a directly comparable business segment. CARE identified Butterfly Learning Center, operated by Bombay Autism Services Private Limited, and Sunshine Child Development Center, operated by Mindeye Solutions Private Limited, as two unlisted organizations, but said their operating scale was not comparable with Mom's Belief. The property strategy therefore sits within a market where the disclosed network comparison is based on centre count, not on owned real-estate assets.

What controls accompany Mom's Belief's multi-location operating model?

Mom's Belief says it has a standard operating procedure for quality assurance and feedback at its centres, with qualified clinical professionals overseeing each stage of a child's and family's journey. Its anonymous parent surveys and direct parent interactions cover five stated areas: therapy quality, therapist behaviour, child progress, centre overview, and hygiene and cleanliness.

The company conducts weekly and monthly reviews to address concerns and take corrective action across the 136-centre network. These processes concern service delivery rather than property ownership, but they are the disclosed controls accompanying an operating model spread across 20 states and union territories.

Mom's Belief also says its digital systems use role-based access controls, audit trails and compliance monitoring. The company has internal policies covering data protection, employee conduct, grievance redressal, anti-discrimination and conflicts of interest, and says leadership regularly reviews those policies. These governance mechanisms matter because its clinical system includes digital tracking tools and its database is generated through assessments, therapy sessions and progress evaluations.

Conclusion

Mom's Belief's March 31, 2026 property structure is fully asset-light in the narrow real-estate sense: all 136 centres and both offices operate from leased, rented or Licensed Professional-provided locations, while the company owns no immovable property. The model is designed to direct capital toward clinical services, technology and network growth, and it supports stated options to scale, move or consolidate sites across 20 states and union territories.

The next point to watch is whether Mom's Belief continues to maintain valid, compliant lease arrangements as it changes its network. The company has disclosed no lease-tenure, renewal-date, location-level rent-commitment or termination-clause schedule, leaving the terms governing future renewals and relocations unresolved.