Narayana Murthy commits to 20-year funding of scholarship at IIM Ahmedabad

N.R. Narayana Murthy (left) along with professor Jaswant G. Krishnayya. The Infosys co-founder has established a 20-year, inflation-adjusted scholarship at IIM Ahmedabad.

Infosys co-founder N.R. Narayana Murthy has entered into a memorandum of understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) to establish an inflation-adjusted, full-fee scholarship, which will cover the recipient’s annual tuition fee, hostel expenses, course material, and mess charges for the two-year postgraduate programme (PGP) at the institute.

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. Mr. Murthy has committed to funding the scholarship for a period of 20 years. The aggregate payout for the scholarship over 20 years is estimated at ₹12 crore.

“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,” Mr. Murthy said.

Long-standing bond 

IIMA Board of Governors chairperson and Zydus Lifesciences chairman Pankaj Patel noted that Mr. Murthy’s bond with IIMA began in 1969 as chief systems programmer, which deepened further when he served as chairman of the institute from 2002 to 2007.

Bharat Bhasker, director, IIMA, remarked that the scholarship was a celebration of excellence, mentorship, and impact, and reflected the institute’s vision of enabling merit-based access to management education, while paying tribute to those who helped build it to what it is today.

Published - May 27, 2025 11:48 pm IST