Infosys founder NR Narayana Murthy has launched a first-of-its-kind, inflation-adjusted scholarship at IIM Ahmedabad that absolutely funds a two-year MBA for the institute’s top-performing pupil.
Named the Professor Jaswant G Krishnayya Benefit Scholarship, the award will cowl tuition, hostel, mess, and course supplies—prices that may run as much as ₹36.20 lakh—with out the recipient paying a rupee.
The scholarship, introduced by a proper MoU between Murthy and IIMA, is structured to run for 20 years. It’s awarded yearly to the scholar who achieves the best cumulative grade level common (CGPA) on the finish of the primary 12 months of IIMA’s flagship Publish Graduate Programme (PGP).
The total award is then utilized to the scholar’s second 12 months, with no revenue standards or background restrictions—purely tutorial benefit.
Murthy, by his household workplace Catamaran Ventures LLP, has dedicated ₹12 crore to the initiative. What units this other than conventional Indian scholarships is its inflation linkage: the scholarship quantity is revised yearly to match the precise charges charged by IIMA, guaranteeing full protection no matter annual hikes.
In 2025, pursuing a two-year MBA at IIMA prices between ₹34.15 lakh (single lodging) and ₹36.20 lakh (married housing), making it one of the costly MBA packages in India.
The price contains tuition, hostel fees, mess charges, and tutorial supplies. At different high IIMs like Bangalore and Calcutta, the full price ranges from ₹26 lakh to ₹34 lakh, whereas newer IIMs cost between ₹16.28 lakh and ₹21 lakh. These charges normally improve yearly on account of inflation and operational prices.
“This scholarship displays [Murthy’s] continued dedication to IIMA’s mission,” stated Pankaj Patel, chairperson of IIMA’s Board of Governors. Director Bharat Bhasker referred to as it “a celebration of excellence, mentorship and impression.” For Murthy, the gesture honors the legacy of Professor Jaswant Krishnayya, who performed a formative function in his early profession. “This can be a testomony to his pivotal function in shaping my life,” he stated.
The IIMA Endowment Fund, the institute’s official philanthropic arm, helped facilitate the partnership, aiming to encourage extra alumni-led giving.
