ISB Updates

ISB Celebrates 15th Anniversary

The Indian School of Business (ISB) celebrated its 15th anniversary at its Mohali campus, on November 20, 2016, with a thought provoking and persuasive address by President Shri Pranab Mukherjee.

The distinguished presence of Hon’ble Governor of Punjab and Administrator, UT Chandigarh, Shri V P Singh Badnore, Hon’ble Union Minister of Human Resource Development, Shri Prakash Javadekar, Chairman of the Board, ISB Adi Godrej, Chairman, Mohali campus Advisory Board, Sunil Kant Munjal , Dean Srivastava and CEO Mohali Campus Pradeep Singh added to the aura of the occasion. ISB students, staff, faculty, alumni and friends of ISB joined in large numbers, soaking in the significance of the occasion.

Shri Pranab Mukherjee began the proceedings by planting a sampling on the campus. On his way to the auditorium he stopped by at the history wall, and made note of ISB’s remarkable journey of 15 years, with keen interest. A smile came on his face, as he cast his eyes on the corporate dressing dolls at the auditorium.

Welcoming the president and other dignitaries Adi Godrej, Chairman of the Executive Board, ISB said, “Today, as ISB completes another milestone, I look back with satisfaction, and I dare say, with a great degree of pride, that we have been able to make an impact to a great extent.” He also announced that ISB would be giving scholarships for in-service government, military and NGO functionaries in all its long term programmes.

Chairman, Mohali campus Advisory Board Sunil Kant Munjal also spoke on how ISB evolved from the need for a world-class business School in Asia, and how the Mohali campus addresses the four essential areas of infrastructure, manufacturing, healthcare and public policy through its four institutes.
The president lit the ceremonial lamp, followed by the others dignitaries on the dais. He then unveiled a plaque celebrating ISB’s 15 years. The honorable Governor of Punjab and Administrator, UT Chandigarh, Shri V P Singh Badnore, released the ISB My Stamp and a special cover commemorating 15 glorious years of ISB. The stamp has a line drawing of the Hyderabad and Mohali campus of ISB, reflecting the one school two campuses philosophy of the School. Extending his best wishes he said, “I am happy to know that ISB is on the mission of creating young leaders through its innovative programmes, outstanding faculty, relevant research and thought leadership. May you achieve more success, and continue to be the pride of not just Punjab and Chandigarh, but of the whole nation.” 

A wall to wall packed auditorium was delighted by HRD minister, Shri Prakash Javadekar’s engaging address, and brought its hands together several times during his speech. He began by applauding ISB for earning its reputation. He said that sustainable prosperity comes to those countries that have the best of universities. ‘’As HRD minister, my three priorities are quality, quality and quality. The quality of PhD and research is very important for our nation’s development, and I would like to appreciate ISB’s process and rigor in research. We wish to regain the glory of education that we had in the past, where we had universities like Takshashila and Nalanda that world looked up to. The Government has come up with guidelines to develop new universities where they will have full autonomy. We plan to establish 20 world class universities, 10 in the government and 10 in the private sector.”
Addressing the students the President of India, had several emphatic messages for them. “India is a land of young people. By 2030 we will have the largest young population in the world and this can be an asset if shaped in the right way. It is extremely important to skill young minds and give them conducive atmosphere to innovate and create.”

Advising the students further he said, “Don’t be scared to take risk and face challenges. Use your freedom, resources and capabilities to work for society. We need students to become socially responsible. You are a product of an institute where getting a good job will not be a problem, but don’t just be a job seeker, be a job creator. I wish you all good luck and I congratulate ISB and its team for its successful 15 years and creating a world class institute that encourages innovation.” He asserted. Shri Mukherjee got a standing ovation from the audience, for his forceful and lucid deliverance.
Delivering the vote of thanks, Dean Rajendra Srivastava said that ISB is set to enter a new phase of growth and he believed that with the kind of support it has from the business community, its students, and most importantly its alumni, it should endeavor to be the top business school in Asia, and definitely among the very best in the world in a not too distant future.

Since its inception in 2001, ISB has carved a niche for itself and pioneered several new trends in management education in India. In 2008, ISB was recognised globally for being the youngest institution in the world to be ranked among the Top 20 Global B-schools by the Financial Times, London.
At the core of ISB’s strengths is its strong pool of research-oriented resident faculty and visiting faculty from top management institutions worldwide. The resident faculty members are highly acclaimed in their respective domains of expertise, and have had their papers published in several top-tier international peer reviewed journals. In this 16th year, the School boasts of close to 50 resident faculty members, apart from the 200 plus visiting faculty from reputed global universities and business schools.

ISB is not just highly regarded by the academic and industry circles, but also by the Government. In the past the School has been graced by the presence of prominent dignitaries such as the former Prime Minister of India, A B Vajpayee who inaugurated the ISB campus in 2001, former President A P J Kalam, who presided over the first Graduation Day in June 2002 former Prime Minister Dr Manmohan Singh, who graced the five-year anniversary celebrations and former President Smt Pratibha Patil, who visited ISB as part of the School’s tenth anniversary celebrations.