The Indian Institute of Management Ahmedabad (IIMA) has announced the launch of the Professor Jaswant G Krishnayya Merit Scholarship, an inflation-adjusted award aimed at promoting academic excellence. The scholarship will be given annually to the PGP student who achieves the highest CGPA at the end of their first year.

The scholarship is generously funded by Narayana Murthy, Infosys founder and former Chairperson of IIMA, who has committed to supporting the fund for the next 20 years with a total estimated endowment of Rs 12 crore.

Murthy’s association with IIMA dates back to 1969 when he joined as Chief Systems Programmer. He later served as the institute’s Chairperson from 2002 to 2007.

Murthy described the scholarship as a tribute to the late Professor Jaswant G Krishnayya, who had a profound impact on his early career. “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,” he said.

Pankaj R Patel, Chairperson of IIMA’s Board of Governors and Chairman of Zydus Lifesciences, welcomed the initiative, saying, “Murthy’s commitment reflects 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.”