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India Today
5 days ago
- Business
- India Today
IIM Ahmedabad gets Rs 12 crore inflation-linked scholarship from Narayana Murthy
The Indian Institute of Management Ahmedabad (IIMA) has announced the launch of the Professor Jaswant G Krishnayya Merit Scholarship, an inflation-adjusted award aimed at promoting academic excellence. The scholarship will be given annually to the PGP student who achieves the highest CGPA at the end of their first scholarship is generously funded by Narayana Murthy, Infosys founder and former Chairperson of IIMA, who has committed to supporting the fund for the next 20 years with a total estimated endowment of Rs 12 amount will be adjusted regularly for inflation to maintain its value over time. Murthy's association with IIMA dates back to 1969 when he joined as Chief Systems Programmer. He later served as the institute's Chairperson from 2002 to described the scholarship as a tribute to the late Professor Jaswant G Krishnayya, who had a profound impact on his early career. 'Professor Krishnayya played a pivotal role in shaping my early life and career. Through this scholarship, I hope to inspire future generations of students to strive for excellence and make a positive impact on the world,' he R Patel, Chairperson of IIMA's Board of Governors and Chairman of Zydus Lifesciences, welcomed the initiative, saying, 'Murthy's commitment reflects his longstanding bond with IIMA and his belief in the transformative power of education. This gesture honours a respected faculty member while supporting emerging leaders of tomorrow.'advertisementIIMA Director Professor Bharat Bhasker called the scholarship 'a celebration of excellence, mentorship, and impact.' He added, 'We are deeply grateful to Mr. Murthy for recognising Professor Krishnayya's contributions. This aligns with our vision of ensuring financial barriers do not hinder academic potential.'MORE ABOUT THE IIM AHMEDABAD SCHOLARSHIPThe Professor Jaswant G Krishnayya Merit Scholarship shall be effective from the current year, facilitating IIMA's objective to reward academic merit and offer financial support to meritorious by the IIMA Endowment Fund, this partnership sustains the institute's vision for developing global leadership and fostering academic offering for ongoing sponsorship and financial support, the scholarship encourages students to deliver uninterrupted performance, even further solidifying IIMA's reputation as a global management school dedicated to developing the leaders of Watch
India.com
5 days ago
- Business
- India.com
Narayana Murthy BIG move, Infosys Founder donates Rs 12 crore to IIMA for…, Merit Scholarship to…, students to…
More bad news for Infosys employees as Narayana Murthy's company sacks 370 employees due to... New Delhi: Narayana Murthy has signed a Memorandum of Understanding (MoU) with Indian Institute of Management Ahmedabad (IIMA) to establish an inflation-adjusted, full-fee scholarship. The MoU 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. According to the reports, 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 Infosys founder has committed to funding the scholarship for a period of 20 years. The aggregate payout for the scholarship over 20 years is estimated at Rs 12 crores. Pankaj Patel, Chairperson, IIMA Board of Governors and Chairman, Zydus Lifesciences, said, '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 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.' 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 Hindu
6 days ago
- Business
- The Hindu
Narayana Murthy commits to 20-year funding of scholarship at IIM Ahmedabad
Infosys co-founder N.R. Narayana Murthy has entered into a memorandum of understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) 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 postgraduate programme (PGP) at the institute. 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. Mr. 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 crore. '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,' Mr. Murthy said. Long-standing bond IIMA Board of Governors chairperson and Zydus Lifesciences chairman Pankaj Patel noted that Mr. Murthy's bond with IIMA began in 1969 as chief systems programmer, which deepened further when he served as chairman of the institute from 2002 to 2007. Bharat Bhasker, director, IIMA, remarked that the scholarship was a celebration of excellence, mentorship, and impact, and reflected the institute's vision of enabling merit-based access to management education, while paying tribute to those who helped build it to what it is today.
Indian Express
6 days ago
- Business
- Indian Express
Narayana Murthy establishes 20-year inflation-adjusted scholarship at IIMA in honour of Prof Krishnayya
Narayana Murthy, the founder of Infosys, has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) on Tuesday 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 the institute. 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 programme. Murthy, in a statement issued on Tuesday, said, 'I am pleased to establish this scholarship at IIMA in honour of Prof Jaswant G Krishnayya's enduring legacy and significant contributions to IIMA. This scholarship also serves as a testament to Prof 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.' 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 Rs 12 crore. Pankaj Patel, Chairperson, IIMA Board of Governors, and Chairman of Zydus Lifesciences, remarked, 'Narayana Murthy's bond with IIMA began in 1969 as Chief Systems Programmer and deepened further when he served as the 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.' In a statement issued by the institute, Prof Bharat Bhasker, Director, IIMA, said, 'This generous scholarship is a celebration of excellence, mentorship and impact. We are deeply grateful to Narayana Murthy for honouring Prof 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.' 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, is learnt to have played a facilitative role in shaping this partnership.
Time of India
6 days ago
- Business
- Time of India
NR Narayana Murthy establishes a 20-year, inflation-adjusted scholarship at IIM Ahmedabad
Synopsis Infosys founder NR Narayana Murthy has established an inflation-adjusted scholarship at IIMA, covering tuition, hostel, and course expenses for the PGP program. Named after Professor Jaswant G Krishnayya, it will be awarded annually to the top student. Murthy's commitment spans 20 years, with an estimated payout of Rs 12 crore, facilitated by the IIMA Endowment Fund.
