ISB announces Mohali campus; to be operational by 2012

In a path breaking move, ISB, Government of Punjab, and four Indian Business Leaders have signed a tripartite agreement to set up a second ISB campus at Knowledge City, Mohali. The campus will be spread across 70 acres, and is expected to be operational by 2012. The Mohali campus will be built will a total investment of over Rs 300 crores.

The Agreement to this effect was signed in the presence of Punjabs Chief Minister Parkash Singh Badal by Anjali Bhawra - Secretary, Higher Education, Government of Punjab, Rajat Gupta -Chairman, ISB, and four Founder Supporters of the ISB campus at Mohali, Analjit Singh - Chairman & Managing Director of Max India Limited, Rakesh Bharti Mittal - Vice-Chairman & Managing Director of Bharti Enterprises Limited, Sunil Kant Munjal - Managing Director & Chief Executive Officer of Hero Corporate Service Limited, Atul Punj - Chairman, Punj Lloyd Group. These Founder Supporters of the ISB campus at Mohali, who are playing a key role in setting up the Business School, will contribute a sum of Rs. 50 crores each.

The 70 acres ISB campus site at Mohali has been allotted by the Government of Punjab on a 99 years lease at Rs. 1 per acre annually, as a part of its vision to establish a world class premier management institute at Knowledge City, Mohali.

The ISB, with the support of existing associate schools, Wharton School and Kellogg School of Management, will set-up and run the Mohali campus, just like its Hyderabad campus, as a world class academic institution for providing Post Graduate Programmes in Management and short duration Executive Education Programmes. The ISB campus at Mohali will have the following four specialist Institutes, termed as Centres of Excellence, for
promoting research and offering additional specialisations in the Post Graduate Programme:

-- Max India Institute of Healthcare Management
-- Bharti Institute of Public Policy
-- BML Munjal Institute of Manufacturing and Operation Excellence
-- Punj Lloyd Institute of Physical Infrastructure Management

The ISB campus at Mohali proposes to have 280 seats in its Post Graduate Programme. It will also have several short duration Executive Education Programmes where approximately 750 professionals will be able to participate.

ISB will have a unified governance structure, with the ISB Board as the Statutory Body overseeing and supporting both campuses at Hyderabad and Mohali. A Deputy Dean, will be appointed to run the ISB campus at Mohali, including the four Centres of Excellence. It will additionally have the benefit of a Campus Advisory Board while the Centres of Excellence will be advised by their individual Institute Advisory Councils. The ISB faculty will be available for teaching on both campuses and all standards and processes will be common across both campuses.

Speaking on the occasion, Rajat Gupta, Chairman of the Board of Directors, ISB said, It has been an exciting and eventful journey for ISB from its inception in 2001 to becoming a top ranked global business school in seven years. The Mohali campus is another significant milestone for us.

Dr M Rammohan Rao, Dean, ISB added, The ISB owes its remarkable success to the high level of commitment of its Executive Board, the resident and visiting faculty, its administrators, and its alumni. The core team that has made the ISB successful will be deeply involved in the new campus as well. We have groomed high quality talent for the country and I am delighted that we now have the opportunity to groom talent for new growth sectors especially healthcare, manufacturing, infrastructure and public policy.

Analjit Singh, Chairman & Managing Director, Max India Limited remarked, The importance of establishing world-class educational institutions in India cannot be overemphasized. I feel that being a part of the creation of ISB Mohali is a privilege.

Rakesh Bharti Mittal, Vice Chairman and Managing Director, Bharti Enterprises Limited added, In todays rapidly changing environment India needs an institution to promote quality research and education in the area of public policy. With Bharti Institute of Public Policy, our aim is to create the first of its kind world-class institution that will create a talent pool and provide meaningful insights, facilitating the policy making process in various strategic areas. We are delighted that our support to ISB for its second campus in Mohali will benefit the Indian youth, including those in the region, with quality education in Management.