Narayana Murthy BIG move, Infosys Founder donates Rs 12 crore to IIMA for…, Merit Scholarship to…, students 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.”

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