JBIMS:New beginnings with a new campus

JBIMS, One of the top management school, which has failed to build a new campus due to lack of funds, can now do so, as three of its most famous alumni have decided to help the institution.The institute would be able to offer more seats in the regular two-year post graduate programme and launch few innovative courses once the campus is ready in the next two years.

Ajay Piramal, chairman of the Piramal group, who graduated in 1977 has donated Rs15 crore. His junior, Uday Kotak, executive vice chairman of Kotak Mahindra Bank, has also donated Rs15 crore. "Besides Piramal and Kotak, Noshir Kaka, director of McKinsey & Co and from batch of 1994, has committed to donate Rs15 crore albeit after raising some amount from others", said Kavita Laghate, in-charge director of the institute.

The Jamnalal Bajaj trust has already agreed to give Rs30 crore for the new campus and it would be build near Hyatt Hotel in BKC on a 1.77 acre land of Mumbai University. Laghate said, it would cost INR 150 crore and we are fortunate that the network of 3,000 alumni has agreed to fund the rest of the amount. As of now, INR 85 crore has been donated by the alumni of the institute.

"Since the shape of the land is triangular, the architects are sweating out to design the new campus. However, we are hoping to erect three buildings housing academic and administrative departments. The hostel, gymkhana, sports facilities and convention centre are there at the Kalina campus across the road which we can easily share," said Laghate.

Snapshot of prominent contributors:

Ajay Piramal (Batch 1977, chairman of Piramal group) INR 15 crore

Uday Kotak: (Batch 1982, executive vice chairman of Kotak Mahindra Bank) INR 15 crore

Noshir Kaka AND OTHERS: (Batch 1994, director of McKinsey & Co) INR 15 crore

Jamnalal Bajaj Trust: INR 30 crore

 

[Swaswati Borpuzari]

The Jamnalal Bajaj Institute of Management Studies (JBIMS), a beacon of excellence in the realm of management education, is embarking on a new chapter with the inauguration of its state-of-the-art campus. This transition marks a significant milestone in the institute's storied history, reflecting its commitment to providing a world-class educational experience for its students. The new campus, designed with cutting-edge technology and sustainable practices, is poised to become a hub of innovation and learning. With expansive classrooms, modern libraries, and collaborative spaces, the environment is tailored to foster creativity and critical thinking. The move to the new campus also symbolizes JBIMS's dedication to staying at the forefront of management education, equipping students with the skills and knowledge necessary to thrive in a rapidly evolving business landscape. As the institute welcomes its first cohort of students to this new setting, it is clear that the future of JBIMS is bright, promising new beginnings and endless possibilities for those who walk its halls.

 

[Dhruv Bindhani]

Jamnalal Bajaj Institute of Management Studies (JBIMS), a top management school, is finally set to construct a new campus, overcoming previous funding challenges, thanks to significant contributions from its prominent alumni and the Jamnalal Bajaj Trust.

The new campus, expected to be ready within the next two years, will allow JBIMS to increase the number of seats in its regular two-year postgraduate program and introduce innovative new courses.

Three of JBIMS's most distinguished alumni have pledged substantial support:

• Ajay Piramal (Batch of 1977, Chairman of Piramal Group) has donated INR 15 crore.
• Uday Kotak (Batch of 1982, Executive Vice Chairman of Kotak Mahindra Bank) has also donated INR 15 crore.
• Noshir Kaka (Batch of 1994, Director of McKinsey & Co) has committed INR 15 crore, which includes an amount he plans to raise from other contributors.

In addition to alumni contributions, the Jamnalal Bajaj Trust has agreed to provide INR 30 crore for the new campus.

The total cost of the new campus is estimated at INR 150 crore. So far, INR 85 crore has been secured from the institute's alumni network, and the remaining amount is expected to be funded by the broader network of 3,000 alumni.

The new campus will be built on a 1.77-acre plot of Mumbai University land near the Hyatt Hotel in BKC. Despite the triangular shape of the land posing a design challenge for architects, the plan is to erect three buildings dedicated to academic and administrative departments. Existing facilities such as the hostel, gymkhana, sports facilities, and convention center at the Kalina campus across the road will be shared.

Prominent Contributors to the New Campus Fund:

• Ajay Piramal (Batch 1977, Chairman of Piramal Group): INR 15 crore
• Uday Kotak (Batch 1982, Executive Vice Chairman of Kotak Mahindra Bank): INR 15 crore
• Noshir Kaka and others (Batch 1994, Director of McKinsey & Co): INR 15 crore
• Jamnalal Bajaj Trust: INR 30 crore