- It will cover all expenses for the two-year PGP program to the top-ranking student in the PGP
- The scholarship, named ‘Professor Jaswant G Krishnayya Merit Scholarship,’ will be awarded annually to an eligible student who achieves the highest CGPA in the first year of the PGP program
- The aggregate payout for the scholarship over 20 years is estimated at ₹12 crores
- The IIMA Endowment Fund (IIMAEF), the Institute’s unified fundraising and philanthropic arm for all donations from alumni as well as corporate and CSR partners, played a facilitative role in shaping this partnership
NE EDUCATION BUREAU
BANGALORE, MAY 27
Narayana Murthy, the founder of Infosys, has entered into a Memorandum of Understanding (MoU) with Indian Institute of Management Ahmedabad (IIMA), a premier management institute, to establish an inflation-adjusted, full-fee scholarship, which will cover the recipient’s annual tuition fee, hostel expenses, course material and mess charges for the two-year Post Graduate Programme (PGP) at IIMA.
The scholarship, named ‘Professor Jaswant G Krishnayya Merit Scholarship,’ will be awarded annually to an eligible student who achieves the highest CGPA in the first year of the PGP program. Murthy has committed to funding the scholarship for a period of 20 years. The aggregate payout for the scholarship over 20 years is estimated at ₹12 crores.
Pankaj Patel, Chairperson, IIMA Board of Governors and Chairman, Zydus Lifesciences, remarked, “Mr. Narayana Murthy’s bond with IIMA began in 1969 as Chief Systems Programmer and deepened further when he served as Chairman of the Institute from 2002 to 2007. This scholarship reflects his continued commitment to IIMA’s mission and to the transformative power of education. We are honoured by his gesture, which pays tribute to a respected faculty member and supports future generations of leaders.”
Prof. Bharat Bhasker, Director, IIMA, remarked, “This generous scholarship is a celebration of excellence, mentorship and impact. We are deeply grateful to Mr. Narayana Murthy for honouring Professor Krishnayya’s legacy in such a meaningful way. It reflects IIMA’s vision of enabling merit- based access to management education while paying tribute to those who helped build this Institute into what it is today.”
Narayana Murthy stated, “I am pleased to establish this scholarship at IIMA in honour of Professor Jaswant G Krishnayya’s enduring legacy and significant contributions to IIMA. This scholarship also serves as a testament to Professor Krishnayya’s pivotal role in shaping my early life and career. It is my hope that this scholarship will inspire students to strive for excellence and make a positive impact on the world.”
The IIMA Endowment Fund (IIMAEF), the Institute’s unified fundraising and philanthropic arm for all donations from alumni as well as corporate and CSR partners, played a facilitative role in shaping this partnership. This is in continuation of IIMAEF’s broader vision to solidify IIMA’s prominence in thought leadership, research and academic excellence globally, ensuring that financial constraints do not stand in the way of academic potential.
