Home School London Business School gets a 15 million pound endowed scholarship gift from KM Birla to honour BK Birla’s legacy

London Business School gets a 15 million pound endowed scholarship gift from KM Birla to honour BK Birla’s legacy

by Maurice A. Miller

MUMBAI: An alumnus of the distinguished London Business School, Kumar Mangalam Birla has created a 15 million pound endowed scholarship program to honor his late grandfather and veteran industrialist BK Birla’s legacy Aditya Birla Group announced on Thursday.

London Business School

The scholarship program is the biggest endowed scholarship present to a European enterprise college. An endowed scholarship distinguishes itself from different one-time donations. The cash given to the educational organization is invested and withdrawn with the handiest the interest earned used to fund scholarships. The program will assist the education of ten complete-time MBA candidates of the B-faculty each 12 months in perpetuity, including 5 Indian students and 5 college students from the relaxation of the arena. Performers belonging to the top 5% ranking in a class could be eligible for the scholarship to apply to college students starting their stint on the school from the fall of this yr.

The Aditya BirlaNSE -0. Eighty % Group chairman said that the ‘BK Scholars Programme’ “contemplated his grandfather’s generosity of spirit and commitment to supporting the ongoing growth of rising commercial enterprise leaders.” “I am extremely proud to honor my grandfather’s legacy and create something enduring thru this landmark global pupils program at LBS,” Birla stated in a press observe. “Through this program, we appearance to construct a diverse and colorful community of subsequent generation leaders who’re dedicated to the ideals of integrity, dedication, and carrier to humanity. The very values epitomized via my grandfather,” he said.

Aged ninety-eight, Basant Kumar Birla, chairman of Century Textiles and Industries, handed away on July three. During his lifetime, he had also been associated with many other instructional trusts and institutions along with the Birla Institute of Technology and Science, Pilani, the BK Birla Centre of Education in Pune, and the Birla Institute of Management Technology in Delhi with over 50,000 college students annually analyzing in establishments established by him. “It is a first-rate present to honor B.K. Birla’s memory with this prestigious scholars program,” François Ortalo-Magné, dean of LBS, stated.

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Companies evaluate management applicants’ lifestyles extra carefully.

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