IIM Ahmedabad Launches Rs 12 Crore Inflation-Adjusted Scholarship Funded by Narayana Murthy
In a major boost to academic excellence at one of India’s premier management institutes, the Indian Institute of Management Ahmedabad (IIMA) has announced the establishment of the Professor Jaswant G Krishnayya Merit Scholarship, funded by Infosys founder and former IIMA Chairperson Mr. Narayana Murthy. Valued at Rs 12 crore and inflation-adjusted over 20 years, this scholarship underscores IIMA’s commitment to recognising and rewarding outstanding merit among its students.
Scholarship Details and Purpose
The scholarship will be awarded annually to the Post Graduate Programme (PGP) student securing the highest Cumulative Grade Point Average (CGPA) at the end of their first year. By targeting top academic performers, the initiative aims to promote academic excellence and motivate students to achieve their highest potential.
Murthy’s pledge to fund this scholarship for two decades ensures sustained support for bright students, with the amount being inflation-adjusted to preserve its real value over time. This forward-thinking financial design strengthens the scholarship’s long-term impact on IIMA’s student community.
A Tribute to a Mentor and Visionary
The scholarship is named in honour of Professor Jaswant G Krishnayya, whose significant contributions to IIMA have left a lasting imprint on the institute’s academic landscape. Murthy paid tribute to Professor Krishnayya, describing him as a pivotal influence in his early career and personal development.
“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,” said Narayana Murthy.
Narayana Murthy’s Enduring Bond with IIMA
Mr. Murthy’s association with IIM Ahmedabad dates back to 1969, when he joined as the Chief Systems Programmer. Later, he served as the Institute’s Chairperson from 2002 to 2007, helping steer IIMA toward new heights of excellence. His long-standing connection with the institute reflects a deep personal and professional commitment, now further exemplified through this philanthropic initiative.
Praise from Institute Leadership
The announcement was met with appreciation from IIMA’s leadership. Pankaj R Patel, Chairperson of the IIMA Board of Governors and Chairman of Zydus Lifesciences, applauded Murthy’s generosity, stating:
“Murthy’s commitment is a reflection of 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.”
IIMA Director Prof. Bharat Bhasker also expressed gratitude:
“This generous scholarship is a celebration of excellence, mentorship and impact. We are deeply grateful to Mr. Murthy for recognising Professor Krishnayya’s contributions in such a meaningful way. It aligns perfectly with our vision of ensuring that financial barriers never stand in the way of academic potential.”
Role of IIM Ahmedabad Endowment Fund
The IIM Ahmedabad Endowment Fund (IIMAEF), which manages contributions from alumni, corporates, and CSR initiatives, played a crucial role in facilitating this partnership. The fund supports the institute’s mission to advance global thought leadership, research, and academic excellence by enabling access to quality education regardless of financial constraints.
The introduction of this scholarship strengthens IIMA’s meritocratic ethos and underscores its dedication to nurturing the next generation of business leaders and innovators.
Looking Ahead: Empowering Future Leaders
The Professor Jaswant G Krishnayya Merit Scholarship will be awarded starting from the current academic cycle, marking a new chapter in IIMA’s support system for its students. This initiative not only honours a distinguished faculty member but also sets a precedent for sustained investment in India’s academic future.
With Mr. Murthy’s visionary support, the scholarship embodies the spirit of mentorship, academic rigour, and social responsibility — values essential to building leaders equipped to make a global impact.
In summary, this landmark Rs 12 crore inflation-adjusted scholarship by Narayana Murthy reinforces IIM Ahmedabad’s standing as a premier institution where merit is celebrated, and financial hurdles are removed, ensuring that talent and hard work remain the sole determinants of success.
