IN FOCUS
AZAM BHALOO / THE FORAY GROUPPEOPLE · PLANET · PROFITFROM ACCOUNTING TO OPERATIONSMARKHAM, ONTARIO

People / Investment & everyday life

Azam Bhaloo and the business of showing up

A chartered accountant became the leader of a group built around children, classrooms and everyday services. At The Foray Group, Azam Bhaloo asks investment to answer to people as well as profit.

Azam Bhaloo had a useful problem to bring to a room full of leaders. His management team’s impressions of their workplace did not agree with their culture dashboard. The data suggested a readiness for growth that a walk through the organization had failed to reveal. Here was an uncomfortable possibility: the people in charge could be close to the business and still miss something about it.

Bhaloo discussed that experience in a presentation on organizational culture, later described in April 2019. His group had adopted the OGI assessment to understand how its values were taking hold. The episode offers a compact introduction to the CEO of The Foray Group. Financial discipline, human relationships and the willingness to check an assumption all meet in the same working day.

For anyone responsible for a business, that is an appealingly awkward starting point. A good intention may deserve encouragement. A confident impression may deserve a second look. Bhaloo’s career sits in the space where a promise has to become a service somebody else can rely on.

A career close to the working day

Before joining Foray, Bhaloo obtained his chartered accounting designation with Ernst & Young. He graduated from the University of Western Ontario and earned an MBA from the University of Toronto. Within Foray, his earlier jobs included General Manager of Food Services and Chief Operating Officer. He has served as president since 2002 and now leads the group as CEO.

The order matters. Accounting, food services, operations, group leadership: this is a career that crosses several ways of looking at a business. A financial statement records the result. An operating role brings the decisions that produce it closer to hand. Food services adds a particularly unforgiving clock. A meal has an appointment. A spreadsheet is allowed to wait until after lunch.

Read together, those roles make his current work easier to understand. Foray’s businesses include services that families use repeatedly, often as part of the arrangements that make the rest of their day possible. The executive conversation about growth therefore has a very ordinary companion: will the service be there when someone needs it?

A documented turning point2002Bhaloo begins his presidency at The Foray Group.

There is a longer organizational history behind that career. Centres for Early Learning traces its origins to a preschool opened by Amina and Aziz Bhaloo in Nairobi in 1970. After their move to Canada, Amina opened Lori Gardens in October 1975. Other centres followed. In 1984, the organization changed its name from Day Care Centres to Centres for Early Learning, giving education a more explicit place in its identity.

A name can carry a practical argument. “Early learning” asks the reader to consider what happens inside the building, beyond the arrangement that allows a parent to get to work. Bhaloo’s present leadership belongs to an organization with that history. The useful question for a continuing enterprise is how its original purpose survives changes in scale, management and the needs of the people it serves.

Three ways to count a return

Foray’s answer begins with its stated investment model. The group describes a successful investment as one that produces a financial return and a positive social or environmental effect. It organizes that ambition around three familiar words: people, planet and profit. Bhaloo’s work places an accountant’s background beside a definition of success that asks for more than financial results.

The formulation has an immediate consequence. It brings several questions into the room at once. Can the business sustain itself? What does it provide for customers and employees? What are the environmental consequences of its work? The answers may involve different kinds of evidence. The promise becomes interesting precisely when each part demands attention.

Foray’s stated investment lens
01

People

Social benefit

02

Planet

Environmental impact

03

Profit

Financial return

Three considerations in the company’s framework. This diagram describes its approach, rather than measured results.

The group also says it seeks long-term opportunities and adds professional discipline to the businesses it owns. Engagement, company values and customer expectations form part of that stated approach. Seen this way, purpose comes with work attached. It has to affect the choices a business makes, including choices that are routine enough to escape a speech.

That is where Bhaloo’s operating history gives the investment language a concrete setting. The ambition can be read alongside the services in his group’s portfolio. A classroom, a catering operation and a staffing business each offer a place to examine what “benefit” might mean to the person receiving it. They also make the financial responsibilities quite real.

“I am a Trusted Partner”

From The Foray Group charter

The businesses behind the promise

Foray’s published portfolio includes Wholesome Kids Catering, previously Food for Tots; Centres for Early Learning; Sentient HR Services; and Montessori Country School. The group describes childcare, education, food and real estate as its investment sectors. The named operating businesses bring the education part of Bhaloo’s work into focus.

Wholesome Kids Catering supplies meals and snacks to childcare centres and schools in the Greater Toronto Area. Sentient supplies staff for temporary and full-time placements in childcare. Centres for Early Learning operates childcare settings. Montessori Country School offers Montessori programmes and childcare. These are distinct businesses, with distinct jobs to perform.

Placed beside one another, they also invite a simple observation. A classroom depends on more than the classroom. People must be available to teach. Meals must arrive. Families need dependable arrangements. That reading of the portfolio helps explain why an executive with experience in food services and operations belongs in a story about education.

A young child looking down at an activity in a classroom, in an image published by Centres for Early Learning.
Small person, substantial stakes. A classroom photograph from Centres for Early Learning, one of Foray’s businesses.

The businesses give the profile its scale. Much of the work concerns the ordinary day: the part of a family’s life that happens between departures, arrivals and the next meal. There is little room for a grand investment sentence to replace a missing service. Reliability has to be experienced by the customer.

For Bhaloo, this is the setting in which financial growth and social benefit are meant to coexist. The company’s published investment criteria require a social benefit. That is a statement of intention with practical implications for selection and ownership. It asks the group to think about why a business belongs in its portfolio as well as what it might earn.

The grammar of responsibility

Foray’s employee charter uses the first person. Its commitments include “I act with Integrity,” “I Collaborate” and “I am Growing.” The grammatical choice is revealing. The speaker is the employee. Responsibility is phrased as something a person undertakes, at the level of an action rather than a distant corporate aspiration.

There is a modest editorial lesson in that language. Corporate prose often leaves the actor out. A first-person commitment supplies one. Somebody has to collaborate. Somebody has to keep learning. The charter makes room for those verbs inside a business whose investment language could otherwise seem several floors above the work.

Foray’s published employee proposition also emphasizes ownership of work and opportunities to use employees’ skills in community outreach. It names Habitat for Humanity and World Vision among the organizations involved. The stated aim extends the company’s purpose to employees as well as customers.

For a leader, those commitments create an ongoing management task. People need to understand what a value asks of them in their particular role. A kitchen and a staffing operation may share a charter while meeting different practical decisions. Common language can help; its usefulness depends on whether people can put it to work.

Consider a staffing service as an example of the relationship involved. The centre needs an educator. The educator needs an assignment that fits. The children experience whoever arrives. Even without knowing the details of a particular placement, the parties are clear. The business must pay attention to more than one person’s expectations.

A leader who keeps learning

Bhaloo’s public professional record includes participation in the 2015 QuantumShift class. His LinkedIn profile lists Young Presidents Organization membership beginning in 2012. It also records a Harvard Business School YPO Gold Program credential issued in January 2026. These entries add a continuing education thread to a career already grounded in accounting and management.

In 2019, he appeared on the Corporate Culture Summit programme alongside Judi Hess of Copperleaf and Heather McLachlin of Cowan Insurance Group. The session addressed leadership attributes and winning cultures, with Barrie Carlyle moderating. It placed Bhaloo in a discussion that reached beyond his own operating sectors.

Those appearances matter as points of contact. A leader can learn from an executive whose customers, products and daily problems look different. The shared question is often recognizable: how does a group of people deliver what the organization says it stands for? The answer has to accommodate the realities of the work.

His verified accounting credential remains part of that portrait. CPA Ontario lists Azam Aziz Bhaloo as an active CPA, CA, with Foray Group of Companies as his employer. The professional qualification and the company’s wider definition of return sit together. They suggest the questions that make this career worth following: what is counted, who benefits, and how does an owner keep a promise over time?

A balance sheet can report an outcome. A parent, an employee and an educator encounter a business in other ways. Bhaloo leads an organization that says those experiences belong in its investment thinking. The daily services in its portfolio give that ambition somewhere specific to stand: at the classroom door, beside the lunch delivery, and with the person arriving to teach.

Continue the conversation

The Foray GroupAzam Bhaloo on LinkedInExplore the operating businessesThe 2019 culture discussionQuantumShift, class of 2015Watch founder Amina Bhaloo’s anniversary interviewCentres for Early Learning’s history