ISB gets its largest ever donation of Rs 100 crore from Motilal Oswal founders
ISB gets its largest ever donation of Rs 100 crore from Motilal Oswal founders
HYDERABAD: Premier B-school, the Indian School of Business, on Thursday said it had received its largest ever philanthropic contribution of Rs 100 crore from the Motilal Oswal Foundation, which is the philanthropic arm of Motilal Oswal Financial Services Limited.
The contribution will support the setting up of the Motilal Oswal Executive Centre at ISB's Hyderabad campus. The three-storeyed state-of-the-art executive centre, spread over 1,91,532 sq ft, will house lecture theatres, meeting rooms, office spaces, and a faculty lounge.
A memorandum of understanding (MoU) on the donation was also formally exchanged in the presence of Motilal Oswal, the chairman of the Motilal Oswal Foundation, Raamdeo Agrawal, trustee of the Motilal Oswal Foundation, ISB dean Prof Madan Pillutla, ISB Executive Board member Pramath Raj Sinha.
Terming education as a transformational force, Motilal Oswal the foundation has helped build Motilal Oswal knowledge centres at IIT Bombay, IIM Mumbai and Plaksha University as the group's efforts to invest in India's future by providing a space for learning, growth and nation-building.
According to Raamdeo Agrawal, the contribution to ISB, which has become a centre of excellence in business education in India, will enable corporate executives to enhance their capabilities in the rapidly evolving business environment.
Motilal Oswal Foundation, which was set up in 2011, saw both the founders of Motilal Oswal Group pledge 10% equity stake of their personal holdings in the group company for philanthropy.
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