Education

ISB alumnus ‘gives back’ ₹1.5 crore to alma mater

Arvind Badrinath Hyderabad | Updated on January 24, 2018 Published on July 22, 2015

An alumnus from Indian School of Business (ISB), Satyanarayana Chava, CEO, Laurus Labs, has agreed to contribute a monetary grant of ₹1.5 crore across three years to enhance the quality of teaching and research at ISB.

ISB shares a connect with its 6,900 alumni that is only getting stronger, said a press release on Wednesday. A Memorandum of Understanding was signed between Laurus Labs and ISB to seal this grant.

Chava was part of the founding batch of the Post Graduate Programme in Management for Senior Executives.

He had also contributed earlier to support the ‘Technology Commercialisation Programme’ for scientists at ISB.

Ajit Rangnekar, Dean, ISB, remarked that the alumni, who also serve as brand ambassadors and standard bearers, contribute through work, wisdom and wealth.

One of the traditions of ISB is for every graduating class to leave behind a “legacy gift” for the B-school. The alumni of ISB have also established an Alumni Endowment Fund which is used mostly for scholarships and research support. Around ₹66 lakh has been contributed to this fund.

Around ₹3.5 crore has been raised from alumni contributions over the last 6 years.

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Published on July 22, 2015
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