The Indian School of Business (ISB) today announced that its alumnus Neeraj Arora, Vice President at WhatsApp has instituted a perpetual merit-cum-need based scholarship for a deserving woman student of its flagship Post Graduate Programme in Management (PGP).
The first recipient of the scholarship is Salini Tiwari, a dental surgeon from the Andaman & Nicobar Islands, who has done a commendable job in improving the healthcare facilities and support to the inhabitants of the islands. Salini has been serving in the community and district hospitals in rural areas of north and middle of Andaman raising awareness for oral diseases in surrounding villages in the islands. She has also devised a computerised system of record collection and data storage which is extensively used in these institutes.
This is the second such scholarship from an individual ISB alumnus. The first being the Phoenix Nurture India scholarship instituted by Amit Khanna, alumnus, and Founder, Phoenix Holdings, who has awarded ten scholarships over the years supporting students who are the sole earning members in their families.
Making the announcement, Rajendra Srivastava, Dean, ISB said,” Our alumni are the true ‘owners’ of the ISB and it is heartening to see an increasing number of them come forward in making world-class education accessible to deserving young students. We are thankful to Neeraj, Amit, and the others, as these scholarships will ensure that meritorious students will not miss a deserving opportunity due to financial constraints. Every such contribution will allow us to attract the best of talent and nurture them for the future. We are proud of our alumni for their efforts in bringing about change that will make a meaningful impact on the industry and the larger society.”
Titled the “Jagannath Arora Scholarship”, Neeraj has instituted this scholarship to fulfill his father’s aspiration to support talented and deserving young women professionals pursue a career of their choice. Speaking about the scholarship and his association with ISB, Neeraj Arora said, ‘‘ISB was the place that gave me the basics of how to build a company. It also opened up opportunities for me to look at functions that I had no direct experience in before I went to study there. My alma mater holds a special place in my life -- not only did I learn a lot, I also became part of a network that I have relied on and benefitted from, over the years. So to make the school even stronger, I would like to give back and will continue to do so in the coming years.”
Thanks to the increasing number of ISB alumni moving into the upper echelons of corporate management, with over 450 of them holding CXO titles, and 400 co-founders of start-ups, ISB is witnessing a steady increase in funding support from its alumni body. As a result, the ISB alumni endowment fund has recorded a 300 % increase over the last three years and stands at 11 crores as on date. Several of the School’s alumni are coming forward to support meritorious students so that they do not miss out on opportunities due to lack of resources. In addition, every graduating class leaves behind a gift for the School ranging from support for infrastructure to scholarships for the future generations, among others. Apart from this, ISB alumni contribute in different ways from admissions to placements, research, and projects and most importantly play an active role in supporting the School’s growth trajectory.