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Lauras Labs’ CEO gifts Rs 1.5 crore grant to ISB

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Dr Chava is an alumnus of the ISB’s founding PGPMAX class

An alumnus of the the Hyderabad-based Indian School of Business’s (ISB) founding class of Post Graduate Programme in Management for Senior Executives (PGPMAX), Dr Satyanarayana Chava, Chief Executive Officer, Laurus Labs has agreed to contribute a monetary grant through his company, to enhance the quality of teaching and research by funding Rs 1.5 crore spread over three years.

This is his second contribution to his alma mater, with his earlier contribution aimed at supporting the ‘Technology Commercialisation Programme’ for scientists at ISB.

A Memorandum of Understanding (MoU) was signed on July 21, 2015, between Laurus Labs and ISB represented by Chava and Ajit Rangnekar, Dean, ISB respectively.

Speaking about the collaboration, Rangnekar said, “ISB alumni are our brand ambassadors and standard bearers. They contribute to the school through ‘Work, Wisdom and Wealth’.  Chava is an inspiration for all of us. He has created a very successful business, and is passionate about contributing to social causes. On behalf of the ISB community, I thank him for his generosity.”

Chava, who has track record of 26 years in the pharmaceutical industry, especially in research and development, manufacturing and business development, considers this an investment in the future through ISB. “It is my belief that the value of any great institution like ISB comes from three angles – its faculty, its students and the learning environment that it provides. We decided to invest in the first and contribute to building the faculty,” he commented.

EP News BureauMumbai

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